Cboe has filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC) to introduce spot XRP exchange-traded funds (ETFs). The filings, submitted on behalf of WisdomTree, Bitwise, 21Shares, and Canary, mark a critical step in seeking regulatory approval to list and trade these investment products. These 19b-4 applications follow the issuers’ S-1 […]
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Tuttle Capital Management (TCM) has filed for ten different leveraged crypto ETFs in the United States, signaling an increasing interest from asset managers in leveraging cryptocurrencies and memecoins as viable investment vehicles. Tuttle Capital’s Crypto ETFs To Feature 2x Long Exposure Based in Riverside, Connecticut, Tuttle Capital was founded in 2012 and specializes in providing investment management and advisory services. The firm’s recent filing encompasses a range of well-known cryptocurrencies, including XRP, Solana (SOL), Litecoin (LTC), and Cardano (ADA), as well as more niche tokens like TRUMP, MELANIA, BONK, Chainlink (LINK), and Polkadot (DOT. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? The proposed ETFs are designed to provide a 2x long exposure to these digital assets, catering to investors looking to capitalize on the volatility and potential upside of the cryptocurrency market. Bloomberg ETF experts James Seyffart and Eric Balchunas have noted the significance of this filing. Seyffart highlighted that this marks the first US crypto ETFs filings for assets like Chainlink, Cardano, Polkadot, and even the memecoin MELANIA. A Key Test For SEC Regulations? The expert further emphasized that this is a pivotal moment for issuers as they test the boundaries of what the US Securities and Exchange Commission (SEC) will permit. The recent establishment of the new crypto task force, led by pro-crypto Commissioner Hester Peirce, is anticipated to play a crucial role in determining the regulatory landscape for such products. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst Balchunas added that the crypto ETFs fall under the Investment Company Act of 1940, suggesting that unless the SEC disapproves the applications, these ETFs could potentially be available for trading as early as April. The expert remarked on the significance of the ongoing Dogecoin and TRUMP crypto ETF as well, noting that their lack of withdrawal after a week indicates a shifting attitude among regulators. Despite the new crypto ETFs filings, Cardano’s price dropped nearly 5%, losing the key $1 milestone. ADA is now trading at $0.92. Featured image from DALL-E, chart from TradingView.com
JPMorgan Chase & Co. Analysts have made a significant projection regarding the potential impact of a new wave of exchange-traded funds (ETFs) focused on alternative crypto assets. Should these funds receive the green light from the US Securities and Exchange Commission (SEC), they could attract inflows of up to $14 billion, marking a notable development in the evolving landscape of cryptocurrency investments. JPMorgan Highlights Growing Interest In Alternative Crypto ETFs The analysts specifically highlighted the anticipated interest in proposed ETFs for Solana and XRP. They estimate that Solana ETFs could draw between $3 billion and $6 billion within six to twelve months post-approval, while XRP funds might see inflows ranging from $4 billion to $8 billion over the same time frame. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next This optimism is grounded in the observed adoption rates of existing spot cryptocurrency ETFs. For context, Bitcoin (BTC) funds currently hold approximately $108 billion in assets, which represents about 6% of Bitcoin’s market capitalization since their introduction a year ago. Meanwhile, Ethereum (ETH) exchange-traded funds have accumulated $12 billion in just six months, translating to a 3% penetration rate of Ethereum’s market value. While JPMorgan anticipates that Bitcoin will remain the dominant choice for investors, the interest in Solana and XRP underscores a growing diversification within the crypto investment community. However, the analysts noted that the key question remains: how much demand exists for additional crypto products? They expressed uncertainty about whether the launch of new exchange-traded products (ETPs) will significantly impact the market. Signs Of Industry Growth Post-Trump Election The SEC has recently received numerous applications for funds tracking various cryptocurrencies, including XRP, Solana, and Litecoin. This influx of filings signals a broader industry push to make cryptocurrencies more accessible to retail investors. In addition, the regulatory landscape has been particularly dynamic in light of the recent election of Donald Trump, who has shifted from being a Bitcoin skeptic to a supporter of digital assets. His administration has already shown a willingness to align with the interests of the crypto community, notably by appointing Paul Atkins, a proponent of cryptocurrency, as the new SEC chair, replacing the previous chair Gary Gensler, who was more critical of the industry. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Despite the positive outlook, JPMorgan cautioned that progress on ETFs beyond Bitcoin and Ether may be slow due to the recent change in administration and the ongoing lack of regulatory clarity. Nevertheless, the analysts remain optimistic, predicting that more exchange-traded fund applications will be submitted—and potentially approved—in 2025. At the time of writing, XRP is trading at $2.67, posting gains of nearly 6% in the 24-hour time frame. Solana, on the other hand, is trading at $188, up 3% in the same time frame. Featured image from DALL-E, chart from TradingView.com
Solana ETF applications are nearing the deadline for a preliminary decision before the end of January, days after President-elect Donald Trump’s inauguration on Jan. 20.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongoing changes in South Korea’s regulatory approach. Related Reading: UK Authorities To Seize $4.3 Million In Bitcoin From Fugitive Crime Boss […]
On Thursday, the South Korea Stock Exchange chairman, Jeong Eun-bo, revealed their plan to “explore” the approval of crypto-based exchange-traded funds (ETFs) to continue with its “value-up program” and face the ongoing market challenges. Related Reading: Indonesia Rushes To Finalize Crypto Oversight Transfer Ahead of Jan. 12 Deadline – Report Korea Exchange To Explore Crypto […]
Spot Bitcoin (BTC) exchange-traded funds (ETFs) registered their first red weekly performance in a month during Christmas Week, their worst performance since September. However, analysts noted that the ETF industry saw its best year yet. Related Reading: Ethereum Looks To Reclaim All-time High, Current Cycle To Outperform Past Cycles? Bitcoin ETFs Receive Charcoal For Christmas […]
The fund aims to offer exposure to MicroStrategy's convertible bonds, among others.
As President-elect Donald Trump prepares to assume office for his second term, significant changes in the regulatory landscape for cryptocurrencies are on the horizon. A wave of crypto ETFs is expected to gain approval in the coming year, signaling a potentially transformative shift for digital assets in the United States. Emerging Entrants In Crypto ETFs […]
The ETP will trade on Sweden’s Spotlight Stock Market, offering investors' access to the world's largest memecoin.
With President-elect Donald Trump set to begin his second term in the White House on January 20, Bloomberg reports that Wall Street is preparing to launch a new wave of financial products that invest in the crypto market. ‘Wild West’ Era For Crypto ETFs In the lead-up to Trump’s second term, executives and legal experts […]
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
South Korea’s top financial regulator, the Financial Services Commission (FSC), is reportedly initiating a review process to reconsider its stance on the ban on spot cryptocurrency exchange-traded funds (ETFs). This comes after forming a new cryptocurrency advisory committee within the regulator, signaling a potential shift from its earlier, more stringent stance on digital asset exposure […]
A recent report revealed that crypto-based investment products saw significant outflows last week. The negative flows, led by the largest cryptocurrency by market capitalization, surpassed $300 million on August 31, suggesting a broader adverse sentiment among investors in various regions. Related Reading: FTX Repayment Plan Faces Potential Hurdle From SEC Scrutiny The US Leads Crypto […]
54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers.
South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures.
The trading of U.S. spot Bitcoin ETFs brought all-time high weekly trading volumes for crypto investment products, according to CoinShares.
Newly compiled data from BitMEX Research estimates there are 150 crypto ETPs available today, with $50.3 billion in assets under management.