CoinShares is currently pursuing a U.S. listing to tap deeper capital markets and expand its presence beyond Europe.
Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.
Proposals to add staking to Ethereum ETFs issued by Grayscale and BlackRock have yet to secure approval.
US spot Ethereum ETFs reported $307.2 million in net inflows on Wednesday, while spot bitcoin ETFs logged net inflows of $81.3 million.
BTC has recovered from sub-$108,800 alongside new highs in the S&P 500.
Institutional interest in ether is growing, with large open interest holders hitting a record of 101 early this month.
Bitcoin's notional perp open interest has surged to a two-year high, raising the risk of long-side liquidations, according to K33.
Spot Ethereum ETFs reported $455 million worth of net inflows on Tuesday, outpacing bitcoin ETFs' $88 million.
Analysts suggest that BTC's price struggles this month are linked to ETF outflows, with a potential bull run into the year-end requiring significant capital inflows.
One analyst said continued inflows into ETFs may indicate sustained institutional confidence in the underlying assets.
Ether, solana, and XRP maintain relatively stronger positions.
Bitcoin has retraced to pre-Powell levels, maintaining bearish technical setup.
While Powell's stance supports a crypto rally, potential risks include corporate treasury adoption challenges and equity market volatility.
ETH has outpaced BTC, with JPMorgan pointing to a combination of ETF inflows, corporate adoption, and regulatory clarity among key factors.
Future ETF flows depend on the macro indicators this week, where the Fed's dovish stance could reverse flows to positive, one analyst said.
Protection against price drops in BlackRock's spot bitcoin (BTC) ETF, IBIT, is now at its priciest since the early April market slide.
Institutions ramped up BTC exposure in Q2 through spot ETFs like IBIT and crypto-linked stocks, signaling growing comfort with the asset class.
Bitwise CIO Matt Hougan says there are still four catalysts the market hasn't fully priced in which could push prices substantially higher.
Tuesday's inflows extend the ether funds' positive streak to a sixth day, during which they attracted $2.33 billion in net inflows.
The BETF fund, custodied by BitGo, will give investors in central Asia regulated, physically backed access to bitcoin through the Astana International Exchange.
Analysts told The Block that investors now recognize Ethereum's value as a cornerstone of mainstream crypto adoption.
Ethereum-based funds led the inflows with another $268 million, while Bitcoin investment products rebounded to add $260 million.
The position marks one of the largest known bitcoin allocations by a U.S. university endowment.
The university's holding in BlackRock's highly-successful Bitcoin fund ranked as its fifth largest investment.
Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP. SBI Unveils Japan’s First Bitcoin And XRP ETF According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies. In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to cryptocurrencies. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 This structure is reportedly designed to mitigate investment risks through diversification, catering to a growing interest in combining traditional assets with digital currencies. This announcement arrives at a pivotal moment as Japan’s Financial Services Agency (FSA) is contemplating regulatory changes that could simplify the approval and tax processes for cryptocurrency-related financial products. Such developments may further enhance the attractiveness of these offerings to investors looking for regulated investment opportunities in the crypto space. Meanwhile, across the waters in China, the focus is shifting towards the introduction of the country’s first stablecoin. Hong Kong Emerges As Crypto Testing Ground Reports from the Financial Times indicate that Hong Kong has emerged as a testing ground for cryptocurrency initiatives, particularly in light of the stringent bans imposed on the mainland. Recently, Hong Kong passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has adopted a cautious approach, announcing that only a limited number of licenses will be granted starting next year. Chinese policymakers are increasingly recognizing the significance of stablecoins, particularly in the context of dollar-backed tokens that dominate the global economy. Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings In a speech made in June, Pan Gongsheng, the governor of China’s central bank, noted that stablecoins have “fundamentally reshaped the traditional payment landscape.” This acknowledgment reflects a growing interest in stablecoins from Chinese state-owned enterprises, especially for payment and settlement solutions. Several state-owned companies operating in Hong Kong are reportedly preparing to apply for stablecoin licenses, although only one of China’s four major state-owned banks is anticipated to receive a license from the HKMA in this initial phase. Notably, the HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a potential move that could greatly facilitate cross-border payments—an increasingly vital area for China as it seeks to enhance its financial influence globally. When writing, Bitcoin trades at $115,245, recording a 1% recovery in the 24-hour time frame. When compared to its recently achieved all-time high (ATH) of $123,000, the cryptocurrency has retraced over 6%. Featured image from DALL-E, chart from TradingView.com
The return to net inflows indicate that bitcoin's recent consolidation is attracting buyers at the current price level, one analyst said.
The State of Michigan Retirement System disclosed ownership of 300,000 shares of the ARK Bitcoin ETF as of June 30, or about $11.3 million worth at current prices.
"The NAV multiples (market cap divided by value of ETH held) have now also started to normalize for the ETH treasury companies," said Geoffrey Kendrick.
On August 5, US spot ETFs recorded significant movements: Bitcoin saw a net outflow of 1,710 BTC (valued at $196 million), while Ethereum ETFs experienced net inflows of 19,710 ETH ($73 million). BlackRock’s spot Ethereum ETF stood out, purchasing 23,870 ETH worth $88.8 million. These contrasting flows suggest shifting investor sentiment, with interest moving toward …
Spot Ethereum ETFs in the U.S. saw $465.1 million in net outflows on Monday, marking the largest single-day outflows since their launch.