Trump Media and Technology Group Corp. (TMTG) is expanding into financial services with a new suite of investment products, including a spot Bitcoin (BTC) exchange-traded fund (ETF), according to a Feb. 6 announcement. President Donald Trump is the largest holder of TMTG, which has applied for trademarks under the Truth.Fi brand to cover multiple ETFs and […]
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BlackRock is preparing to introduce an exchange-traded product (ETP) linked to Bitcoin (BTC) in Europe, Bloomberg News reported on Feb. 5. According to sources familiar with the matter, the fund is expected to be domiciled in Switzerland, and BlackRock could begin marketing the product as early as this month. Bloomberg ETF analyst James Seyffart said […]
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On Feb. 3, spot Bitcoin ETFs saw a net outflow of approximately $235 million, marking the first net outflow after a four-day streak of net inflows totaling $1 billion. The outflows follow Bitcoin’s drop to a three-week low, with BTC briefly touching $92,000 during the weekend. It’s a stark contrast to the previous week when […]
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21Shares is taking a radical step in the crypto investment sector by submitting a spot Polkadot (DOT) exchange-traded fund (ETF) application to the US Securities and Exchange Commission (SEC). If given the green light, this ETF would enable investors to acquire direct exposure to Polkadot without the need to purchase and maintain the cryptocurrency themselves. The 21Shares Polkadot Trust, a proposed fund, is intended to be listed on the CBOE BZX Exchange. Coinbase will be the custodian for DOT tokens. Related Reading: Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January A Step Towards Increasing The Number Of Crypto Investment Options This ETF aims to make it easier for both large buyers and everyday people to buy Polkadot. The blockchain is known for its interoperability, allowing different networks to communicate and share data. 21Shares ETF filing with the SEC. Source: US SEC. 21Shares is trying to bridge the gap between traditional finance and the crypto world by offering an exchange-traded fund (ETF). This will make DOT a more attractive choice for investors who like controlled investments instead of owning cryptocurrencies directly. This follows rising demand for diversified crypto-based ETFs. Although Bitcoin and Ethereum spot ETFs have garnered attention, Polkadot’s participation shows popular interest in alternative currencies. However, the success of this filing depends on how the SEC views Polkadot’s regulatory standing, a factor that could impact the outcome of the approval process. Market Performance Presents Obstacles Polkadot has encountered market obstacles, despite the enthusiasm that fueled the filing. The price of DOT has decreased by approximately 5% in the past year, and it has declined by more than 10% in the past month alone. DOT is currently trading at approximately $6.42, a significant decline from its previous all-time highs. The ETF filing acknowledges that the asset can be unstable and warns buyers about possible risks. Polkadot’s value could still be uncertain, even with an ETF setup, and there’s no guarantee that the token will rise or bounce back soon. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says Regulatory Risks Might Affect The Chances Of Approval Regarding the security status of this ETF, there are significant concerns about Polkadot’s potential legal standing in the US. Polkadot’s backer, the Web3 Foundation, has attempted to portray DOT as a digital asset rather than a security concern. The SEC’s stance on digital assets is evolving, thus Polkadot’s security status may make it challenging for 21Shares to develop an ETF. Featured image from DALL-E, chart from TradingView
Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the US saw inflows of approximately $655 million on Jan. 30, reflecting a strong rebound in investor interest. The surge comes after the US Securities and Exchange Commission’s (SEC) approval of a Bitwise fund offering exposure to both assets. Bitcoin and Ethereum ETF flows Data from SoSoValue […]
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Grayscale filed a 19b-4 Form with the New York Stock Exchange (NYSE) to trade its XRP Trust on Jan. 30, which equates to converting the product to an exchange-traded fund (ETF). The trust was introduced on Sept. 12 and currently holds $16 million, equivalent to 1.2% of the total assets under management of XRP exchange-traded […]
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Crypto bettors on Polymarket, a decentralized prediction market, have placed an 87% probability on the US Securities and Exchange Commission (SEC) approving a Litecoin-based exchange-traded fund (ETF) this year. Optimism surged after the SEC initiated a public comment phase for the proposed Canary Litecoin ETF. According to the agency’s Jan. 29 filing, the public has […]
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Truth.Fi is the latest endeavor of Donald Trump-affiliated companies into the digital asset space after World Liberty Financial and launching an "official" memecoin.
Bitwise officially filed the S-1 form for its spot Dogecoin (DOGE) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Jan. 28. Additionally, Cboe re-filed the 19b-4 forms to trade Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares. Bloomberg ETF analyst James Seyffart highlighted that the market expected the move from […]
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The ETF Store president Nate Geraci believes that memecoins would take “questionable investments packaged into exchange-traded funds (ETFs)” to an entirely new level. In a Financial Times article, he highlighted the historical trend of memecoins losing value, adding that the optics of offering memecoin ETFs could be detrimental to a firm that wishes to be […]
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The asset manager is among a number of issuers seeking ETFs for the memecoin.
Cboe has filed an amended application with the US Securities and Exchange Commission (SEC) to adjust the operational rules for Ark21 Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum (CETH) exchange-traded funds (ETFs). According to the Jan. 27 filing, the US equities market operator has proposed introducing in-kind creations and redemptions for these funds. It […]
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Crypto-focused exchange-traded products (ETPs) experienced a significant boost, recording $1.9 billion in inflows last week. This was only the second-largest weekly inflow of 2025, bringing total inflows for the year to $4.8 billion, according to the latest report by CoinShares. James Butterfill, CoinShares head of research, pointed out that this uptick may be tied to […]
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Nasdaq has filed an amended rule proposal seeking to introduce in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT), according to a Jan. 24 regulatory filing. The adjustment would allow the exchange-traded fund to transfer Bitcoin (BTC) directly to investors during redemptions instead of converting holdings into cash. The filing outlines plans to expand the ETF’s […]
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Bitwise Asset Management has set the stage for what could become its first Dogecoin-focused exchange-traded fund (ETF). On Jan. 22, the firm registered a Delaware statutory trust with Delaware’s Division of Corporations, a common preparatory step for launching financial products. Following the news, DOGE’s value fell by around 5% in the last 24 hours to […]
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Despite the low rate of capital inflows, Bitcoin has managed to surpass the market’s expectations by reaching an all-time high. The Realized Capitalization of Bitcoin reached an all-time high of $832 billion on Wednesday, demonstrating the confidence of investors and the fortitude of the asset, according to market insights from Glassnode. Related Reading: Bitcoin Could Surge To $1.7 Million, According To CryptoQuant And Glassnode What Is Realized Cap And Why Is It Important? The valuation of Bitcoin is more refined when viewed through the lens of realized capitalization, which is a significant departure from market capitalization. This algorithm determines the value of each Bitcoin by utilizing its most recent transaction price, rather than the current market price for all cryptocurrencies. This method monitors the movement of coins and identifies the locations where long-term holders are withdrawing profits or where new investors are entering. #Bitcoin‘s capital inflows have slowed down since passing the $100K price tag. Despite this, #BTC‘s Realized Cap has hit an ATH of $832B and continues to grow at a rate of $38.6B per month: https://t.co/NRjBjI3jMb pic.twitter.com/NefQiKEO38 — glassnode (@glassnode) January 22, 2025 Bitcoin’s ability to attract new capital is a reliable indicator that it also retains value within the network. This is indicative of the increasing confidence in Bitcoin as a long-term store of value. Inflows Of Capital Generate Conflicting Signals A period of inconsistent capital inflows into Bitcoin has coincided with the milestone, which is interesting. Recent data indicates that Bitcoin Exchange-Traded Funds (ETFs) experienced substantial outflows of $1.21 billion. Initially, the outflow pointed to a decrease in institutional investors’ sentiment. However, just a few days later, the story took a dramatic turn. With an influx of more than $1 billion on January 17 alone, the Bitcoin ETFs had a notable inflow of $3.26 billion from January 15. This sudden turnaround suggests that there is still a strong demand for Bitcoin even though there are still occasional short-term swings in capital inflows. Long-Term Holders: The Primary Factor Driving Growth It also emphasizes the importance of long-term holders in the Bitcoin ecosystem, as the majority of these investors are now opting to maximize their profits as the confidence in Bitcoin’s ability to maintain its value over time continues to increase. In the same breadth, new entrants purchase crypto, frequently at a higher price, thereby increasing the metric. This behavior discloses an essential insight: Bitcoin’s expansion is not exclusively contingent upon speculative trading. This is increasingly becoming a long-term investment for many, similar to gold or other conventional stores of value. Related Reading: Bitcoin Price To $122K Next Month? Research Predicts Big Move Challenges Ahead Although the rise in Realized Cap is a positive indicator, the market as a whole continues to experience many challenges. Capital inflows that are slower may pose an issue if they persist for an extended period. Nevertheless, the existence of Bitcoin’s ability to establish new benchmarks in such circumstances suggests that it is maturing as an asset. Featured image from PCMag, chart from TradingView
The crypto market has recorded its highest weekly inflow this year, reaching an impressive $2.2 billion. According to the latest CoinShares report, this influx of capital was fueled by growing excitement around Donald Trump’s Jan. 20 inauguration. The firm noted that the surge pushed total year-to-date inflows to $2.8 billion. This influx has also pushed […]
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Veteran trader Peter Brandt has suggested that Cardano (ADA) has “bottomed” and is preparing for a “grand bull market,” which has brought the cryptocurrency into the limelight. Brandt’s analysis, which carries weight in trading circles, has elicited enthusiasm among investors in ADA. Related Reading: Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod A Sequence Of Reversals The technical basis of Brandt’s analysis is the so-called double-bottom base. This base, which has been sustained for the past year, points to a possible change from a bearish to a positive direction. ADA lately exceeded its local high of $0.81, a crucial level now used as a support zone. For traders, this is a very important sign of resilience. Brandt is of the opinion that this pattern establishes the foundation for a consistent upward trajectory. He observes that the cryptocurrency is currently consolidating above $1.10, a level that has previously served as resistance. Converting this into support could establish the beginning of substantial price increases. Alt season???? Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market Blue check mark only so no rude trolls pic.twitter.com/Xn33Twot47 — Peter Brandt (@PeterLBrandt) January 16, 2025 Momentum Of The Present Market ADA is currently trading at $1.13, with an intraday high of $1.14 and a low of $1.03 as of January 17, 2025. Although these figures may appear modest, they are in close alignment with Brandt’s optimistic expectation. The incremental price pattern is indicative of the underlying market confidence for those who are closely monitoring the altcoin’s trajectory. The overall sentiment of the cryptocurrency market has a role as well. As talk of an “altcoin season” heats up, interest in alternative digital assets like ADA grows. This market-wide confidence frequently leads to larger price volatility for individual cryptocurrencies. This focus on support and resistance zones underscores the importance of technical analysis in understanding cryptocurrency trends. Brandt’s emphasis on these levels adds a layer of credibility to his bullish forecast. Breaking Resistance Levels Cardano’s ability to convert resistance levels into support has been a key driver in its price movement. The first step was to exceed $0.81. The next issue is keeping the price over $1.10. If this level is maintained in the coming months, ADA may set more ambitious goals. Broader Implications For ADA The recognition of the double-bottom base by Peter Brandt implies Cardano has a bright future. Given the altcoin is consolidating above important levels and the larger market is in a positive state. ADA might be preparing for a major bull run. Still, investors should exercise great caution and be informed as the state of the market is erratic. Related Reading: Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists Cardano (ADA) Price Growth Catalyst Meanwhile, a potential catalyst for Cardano’s price ascent is the approval of exchange-traded funds by the US Securities and Exchange Commission. Polymarket traders anticipate that the SEC will give the green light to several XRP and Solana ETFs. According to analysts, billions of dollars will flow into these funds once the approval is given. Featured image from Paleothea, chart from TradingView
As rumors of the possible approval of Litecoin ETF widely spread, LTC price jumped by 18% over 24 hours to $118. Launched as an alternative for Bitcoin in 2011, the cryptocurrency draws much interest among analysts and investors alike. Canary Capital has made a significant step forward in its quest for a Litecoin ETF. The company recently filed an amendment to its S-1 registration form with the US Securities and Exchange Commission, a move that industry experts interpret as a sign of ongoing discussions with the regulatory body. Related Reading: Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists For market watchers and crypto aficionados alike, this development has spurred a great ounce of optimism. Considered as a good indication of possible approval, the revised filing indicates that the SEC has responded on Canary’s application. Analysts Comment On Litecoin ETF Approval Prospects Senior ETF analyst Eric Balchunas of Bloomberg has publicly expressed his opinion that the “most likely” contender for the next spot crypto ETF approval is a Litecoin ETF. This prediction has gained traction in the crypto community. Balchunas does, however, also recognize the uncertainties the forthcoming shift in SEC leadership brings. Though the date of his Senate confirmation is yet unknown, the choice of former SEC commissioner Paul Atkins—considered crypto-friendly—by President-elect Donald Trump has spurred hope even further. We had heard chatter that the Litecoin S-1 had gotten comments back from SEC. This looks to confirm that which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, new SEC chair has yet to start and that’s a huge variable. https://t.co/cKFswPwcr0 — Eric Balchunas (@EricBalchunas) January 15, 2025 James Seyffart, another Bloomberg ETF expert, said that the change could mean that the SEC has given feedback on the application. NEW: @CanaryFunds just filed an amended S-1 for their Litecoin ETF filing. No guarantees — but this might be indicative of SEC engagement on the filing. Still no 19b-4 filing yet though (A 19b-4 would actually start the potential approval/denial clock) h/t @isabelletanlee pic.twitter.com/wFtNOmbmYx — James Seyffart (@JSeyff) January 15, 2025 Investor Activity & Market Reaction A Litecoin ETF promises to set off a major market reaction. Large holders of Litecoin have been accumulating the cryptocurrency, with addresses holding at least 10,000 LTC collectively acquiring an additional 250,000 LTC since January 9. Related Reading: Analyst Declares XRP A Bullish Favorite – Rally Imminent? This trend of buying more Litecoin is similar to what happened in early December. It shows that big traders are having a strong effect on Litecoin’s price trajectory. The trading activity has also increased sharply, with Litecoin’s 24-hour volume jumping over 240%, reaching $1.7 billion. Implications For The Crypto Market If approved, a Litecoin ETF would represent a big milestone for the digital currency. Litecoin would then join Bitcoin and Ethereum as the only cryptocurrencies with US-approved spot ETFs, strengthening its market position. Featured image from DALL-E, chart from TradingView
Nasdaq filed a 19b-4 Form on Jan.16 to list and trade the spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. Bloomberg senior ETF analyst Eric Balchunas sees this as the first altcoin-related ETF approval in 2025. Following an update in the S-1 Form filed by Canary, Balchunas stated that its Litecoin ETF “has […]
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Leading asset management firm VanEck has submitted an application for an Onchain Economy Exchange-Traded Fund (ETF), according to a Jan. 15 filing with the US Securities and Exchange Commission (SEC). This proposed fund aims to provide exposure to the broader crypto ecosystem by investing in companies and instruments connected to digital assets. The fund outlines a strategy that […]
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Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.
A national government is reportedly exploring Bitcoin as an alternative to its foreign currency bonds. On Jan. 16, Hunter Horsley, the CEO of Bitwise, revealed this development, noting that his firm had supplied detailed information to the government about Bitcoin exchange-traded funds (ETFs). According to Horsley, the government is examining the potential of reallocating part […]
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The potential for a Litecoin exchange-traded fund (ETF) to gain approval has surged, leading to noticeable price gains for the digital asset. Crypto bettors on Polymarket, a decentralized prediction platform, now estimate a 51% chance of the US Securities and Exchange Commission (SEC) giving the green light for a Litecoin-focused fund after Canary Capital amended its […]
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Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves. Media reports in the Asian nation have revealed that it is weighing the approval of Bitcoin exchange-traded funds (ETFs) while considering a ban on Polymarket. Bitcoin ETF The Thai Securities and Exchange Commission (SEC) is reportedly considering introducing spot Bitcoin […]
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Investors’ appetite for Bitcoin exchange-traded funds (ETFs) remains strong even as the US Securities and Exchange Commission (SEC) remains cautious as recent outflows hit the market. Bitcoin ETF flows According to SoSoValue data, the US-based spot Bitcoin ETFs experienced significant outflows over the past four days, totaling $1.2 billion. On Jan. 14, the 12 spot […]
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BlackRock’s iShares Bitcoin Trust (IBIT) emerged as a bright spot in an otherwise challenging period for US Bitcoin exchange-traded funds (ETFs), which saw their third consecutive day of net outflows on Jan. 13. According to data from Farside, the Bitcoin ETF market recorded a total net outflow of $284.1 million. BlackRock’s IBIT stood out with […]
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Demand for US Bitcoin ETFs has significantly increased as we enter 2025, signifying a notable reversal following a lackluster start to the year. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction Based on recent figures from Glassnode, net inflows for the week ending January 6 amounted to 17,567 BTC, equivalent to around $1.7 billion. This increase surpasses the weekly average inflows of 15,900 BTC documented in the final quarter of 2024 and indicates a resurgence of investor enthusiasm. A Turbulent Journey Of Inflows Inflows into Bitcoin ETFs have shown an erratic pattern. These inflows showed notable fluctuations in late 2024. In September, there was a significant decline as Bitcoin prices dropped below $64,000, leading to large withdrawals. Nevertheless, things began to change by October. Inflows increased dramatically; in few weeks, they topped 24,000 BTC. With the average weekly inflow settling at around 15,900 BTC, the increase continued into November and December, demonstrating the high demand for Bitcoin investments. After a slow start to the year, demand for US spot #Bitcoin ETFs has normalized. In the week of January 6, inflows reached 17,567 #BTC ($1.7B), which is slightly higher than the weekly average of 15.9K $BTC ($1.35B) from October to December 2024: https://t.co/0Cpfm8lpak pic.twitter.com/u4FksOSLuZ — glassnode (@glassnode) January 13, 2025 As the price of Bitcoin increased, so did ETF inflows. In December 2024, the most popular digital asset in the world reached a record-breaking high of $108,135. This association suggests that as more people switched to exchange-traded funds, investors’ confidence in Bitcoin’s worth grew, leading to a positive market sentiment. Bitcoin ETFs: Who Possesses The Most? The total holdings of US spot Bitcoin ETFs as of early January 2025 are approximately 1.13 million BTC. Grayscale has 204,300 BTC, Fidelity holds 205,488 BTC, and BlackRock has 559,673 BTC, making it the largest holding. In 2024, BlackRock’s Bitcoin ETF (IBIT) garnered attention by accumulating $37.25 billion in assets during its inaugural year, securing the third position on the Top 20 ETF Leaderboard for that year. This significant surge highlights the rising institutional demand for cryptocurrency-backed financial solutions. Will 2025 Be A Good Year For ETFs? Bitcoin ETFs look like they will do well in 2025. Experts in the field think that this year there may be a lot of new, innovative offerings on the market. There will be at least 50 new bitcoin ETFs this year, according to Nate Geraci of the ETF Store. These will cover a wide range of strategies, such as covered call ETFs and Bitcoin-denominated equity ETFs. Furthermore, there is conjecture that Bitcoin spot ETFs may soon exceed physical gold ETFs in asset size. This would represent a pivotal advancement in the development of digital assets as conventional investment instruments. Such a change would highlight a rising confidence in Bitcoin as a valid store of value and investment tool, therefore challenging the long-held view of gold as the best hedge. Related Reading: Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside As financial institutions such as Vanguard investigate cryptocurrency ETF alternatives, it underscores a wider trend of acceptance and incorporation of cryptocurrencies into established financial systems. Featured image from Reuters, chart from TradingView
Options linked to BlackRock's spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit's BTC options market.
According to an estimate by JPMorgan, exchange-traded products (ETPs) for XRP and Solana (SOL) could attract over $15 billion in net inflows. Matthew Sigel, head of digital assets research at VanEck, shared that the forecast considers the performances of Bitcoin (BTC) and Ethereum (ETH) in relation to their market cap and ETP flows. Bitcoin ETPs […]
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