U.S. Bitcoin ETF's have brought in $2.8 billion in net inflows over the past five trading days.
The US Securities and Exchange Commission has extended its timeline for deciding on proposed exchange-traded funds (ETFs) tied to Polkadot (DOT) and Hedera (HBAR). According to regulatory filings posted on April 24, the SEC has pushed the decision deadline to June 11 for Grayscale’s proposal to convert its Polkadot Trust into a spot ETF and […]
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CME Group is preparing to roll out XRP futures on May 19, pending regulatory approval. According to an April 24 statement, the product will feature two contract sizes, including one tied to 2,500 XRP and another to 50,000 XRP. These contracts are designed to accommodate varying investment strategies. They will be cash-settled and benchmarked against […]
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Large institutional investors, including sovereign wealth funds and major insurance pools, added Bitcoin (BTC) exposure throughout April as part of broader portfolio strategies tied to macroeconomic shifts, according to Coinbase institutional head of strategy John D’Agostino. During an interview on CNBC’s Squawk Box, D’Agostino highlighted how these traditionally conservative capital allocators are approaching Bitcoin amid […]
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Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into the digital assets and finance via crypto exchange-traded funds (ETFs). The company revealed on April 22 that it finalized its partnership with Crypto.com and Yorkville America Digital to launch a line of ETFs under the “Truth.Fi” brand. These ETFs aim to […]
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The US Securities and Exchange Commission (SEC) is currently reviewing 72 crypto-related exchange-traded fund (ETF) filings, according to data shared by Bloomberg senior ETF analyst Eric Balchunas on April 21. The filings cover assets ranging from XRP, Litecoin (LTC), and Solana (SOL) to memecoins like Dogecoin (DOGE) and themed funds linked to internet culture, such […]
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Canary Capital has filed for a new exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC), proposing the Canary Staked TRX ETF launch. According to the S-1 registration statement submitted on April 18, the fund would offer investors exposure to the price movements of TRX while incorporating staking features. The application is pending […]
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HashKey Capital has launched the first regulated XRP Tracker Fund in Asia, according to an April 18 statement. The XRP Tracker Fund closely follows the price of XRP, the third-largest crypto asset by market capitalization and a token widely used in Ripple’s global payments infrastructure. The fund is HashKey Capital’s third tracker product, following its […]
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VanEck received regulatory effectiveness for its new Onchain Economy ETF, an actively managed fund designed to give investors broad exposure to companies powering the digital asset ecosystem. Regulatory effectiveness means the SEC has approved the fund’s registration, allowing it to begin offering shares to the public. Matthew Sigel, VanEck’s head of digital assets research and […]
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Family offices and professional investors are allocating spot Ethereum (ETH) and Bitcoin (BTC) exchange-traded products (ETPs) differently, with family offices demonstrating a relatively stronger preference for Ethereum. According to data compiled by Bitwise as of Dec. 31, 2024, family offices and trusts allocate 0.62% of spot Ethereum ETP assets under management (AUM), compared to just […]
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ProShares has confirmed plans to launch a set of XRP futures-based exchange-traded funds (ETFs) by April 30, according to an updated April 15 filing with the US Securities and Exchange Commission (SEC). According to the filing, the asset management firm plans to introduce three futures-based funds: the ProShares UltraShort XRP ETF, the ProShares Ultra XRP […]
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Canada’s financial regulators have given the green light to multiple spot Solana (SOL) exchange-traded funds, marking another cryptocurrency milestone for the country. According to Bloomberg ETF analyst Eric Balchunas, these new investment products will hit Canadian markets on April 16, 2025. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets The Ontario Securities Commission (OSC) allowed multiple financial institutions to roll out these ETFs yesterday, opening the way for direct investment in the Solana cryptocurrency using conventional brokerage accounts. SOL Enters Major Financials Four large investment companies have received approval to distribute these new crypto products. 31Q, Purpose Investments, CI Global Asset Management, and Evolve will all be releasing spot Solana ETFs later this week, providing Canadian investors with a variety of choices to invest in SOL. These firms are long-time participants in Canada’s investment space, and their inclusion marks increasing institutional acceptance of cryptocurrencies outside of Bitcoin and Ethereum. Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4 — Eric Balchunas (@EricBalchunas) April 14, 2025 Staking Features Could Boost Returns For Investors One of the main features distinguishing these Solana ETFs is their capacity for staking the underlying SOL positions. The OSC has allowed the issuers of ETFs to stake some portion of their Solana, and this could unlock extra returns for investors in excess of price appreciation alone. TD Bank reported that returns from staking SOL can be higher than those from Ethereum staking, and thus these products could be more appealing to yield-starved investors. The bank also referred to them as “the world’s first spot Solana ETFs,” emphasizing the innovative character of these financial products. US Solana ETF Market Experiences Mixed Results The US market so far has only futures-based Solana ETFs, with limited success. Balchunas noted that two SOL futures ETFs in the United States, Volatility Shares 2x SOL ETF and Volatility Shares SOL ETF, have failed to gain investor attention since their launch in March 2025. Both of these products have only accumulated a combined assets under management of nearly $14 million. For comparison, the Teucrium 2x XRP ETF performed better even though it came out later after the SOL products, implying unequal investor interest in disparate cryptocurrency ETFs. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows SEC Ruling On US Spot SOL ETFs Remains Pending As Canada progresses with spot Solana ETFs, their equivalents in the United States languish in limbo. It has had applications from some of the largest financial institutions, such as Grayscale Investments, Bitwise, 21Shares, Canary Capital, Fidelity Investments, and VanEck. The SEC has accepted these filings but has not approved any for release yet. The regulators last month postponed their consideration of VanEck’s Solana Trust ETF filing, rescheduling the deadline to May 19, 2025. Featured image from Pixabay, chart from TradingView
The US Securities and Exchange Commission (SEC) has delayed decisions on two proposed amendments related to crypto exchange-traded funds (ETFs), extending review periods for both staking and in-kind redemption models into June 2025. The new timelines apply to Grayscale’s Ethereum (ETH) staking filing and VanEck filings for in-kind redemptions on Bitcoin (BTC) and Ether ETFs. […]
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Canada is poised to debut the world’s first spot Solana (SOL) exchange-traded funds (ETFs) on April 16 after the Ontario Securities Commission (OSC) approved listings from four major issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Bloomberg senior ETF analyst Eric Balchunas shared the development in a social media post on April […]
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BlackRock, the largest asset manager in the world, reported $3 billion in digital asset inflows during the first quarter of 2025 despite the volatility in the crypto market. The update came in the firm’s latest earnings report, which also revealed $84 billion in total net flows across its broader portfolio during the quarter. The performance […]
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House of Doge, the official corporate arm of the Dogecoin Foundation, has announced an exclusive partnership with 21Shares to launch the only Dogecoin (DOGE) exchange-traded products (ETPs) officially endorsed by the Foundation. As part of the agreement, 21Shares, one of the world’s largest crypto ETP issuers, has filed a Form S-1 registration statement with the […]
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Grayscale and Bitwise have both previously filed regulatory paperwork for a spot ETF backed by DOGE.
Teucrium’s newly launched 2x XRP ETF on the New York Stocks Exchange recorded $5.43 million in turnover during its first day of trading on April 8, despite XRP prices hitting a five-month low. The ETF, trading under the ticker XXRP, achieved this milestone as cryptocurrency markets faced widespread selling pressure. Bloomberg Senior ETF Analyst Eric Balchunas called the performance “very respectable” given the current bearish market conditions. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics XRP Price Hits Five-Month Low As New ETF Launches According to market data, XRP’s price dropped to $1.61 on Monday, marking its lowest point in five months. The price briefly recovered to over $1.87 on Tuesday before falling again to $1.69 by evening. Even with these unstable price movements, Teucrium moved forward with its ETF launch, aiming to give investors a way to profit from price swings in either direction. $XXRP (2x XRP ETF) saw $5mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did (altho both 200x less than King IBIT). pic.twitter.com/u3QQq5yuHv — Eric Balchunas (@EricBalchunas) April 8, 2025 New XRP ETF Outperforms Similar Solana Product Based on reports from Bloomberg’s Balchunas, the XXRP ETF’s first-day trading volume was about four times higher than what Solana’s similar 2x ETF saw on its launch day. This performance puts Teucrium’s product in the top 5% of all new ETF launches. However, the $5.43 million figure still pales in comparison to BlackRock’s Bitcoin ETF debut, which saw trading volume roughly 200 times larger. Community Shows Interest Despite Broad Market Losses The altcoin community has responded positively to the ETF launch, especially considering the harsh market conditions. Data shows that 137,000 traders faced liquidations in the 24 hours surrounding the launch, with total losses exceeding $413 million across cryptocurrency markets. Some XRP supporters have suggested that while XXRP’s volume was much smaller than BlackRock’s Bitcoin ETF (IBIT), a potential spot ETF (which some have dubbed “IXRP”) could provide stronger competition. How The 2x XRP ETF Works And Its Risks Unlike spot ETFs that directly hold the underlying asset, Teucrium’s XXRP does not invest directly in XRP tokens. Instead, it’s designed to deliver twice the daily performance of XRP’s price movements, which amplifies both gains and losses for investors. Related Reading: XRP Dump? Not So Fast—Software Engineer Says Panic Selling Makes No Sense Community figure Crypto Eri warned about the ETF’s built-in risk factors, noting that even if XRP’s price stays flat, volatility alone could cause significant losses. For example, if XRP experiences 25% volatility, XXRP holders could see a 6% loss. With 70% volatility, those losses could balloon to 40%. The launch comes as more than 10 asset managers have filed applications with the SEC for spot XRP ETFs. Major firms like Grayscale and Franklin Templeton have submitted applications, though BlackRock has not yet expressed interest in launching an XRP-specific ETF product. Featured image from Unsplash, chart from TradingView
The US Securities and Exchange Commission (SEC) approved proposals from Nasdaq and Cboe to list and trade options on spot Ethereum (ETH) exchange-traded funds (ETFs) managed by BlackRock and Fidelity, according to April 9 filings. The orders were granted for the iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH) following a review process […]
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The two best-performing exchange-traded funds (ETFs) year-to-date are exposed to short Ethereum (ETH) 2x leveraged positions. Bloomberg senior ETF analyst Eric Balchunas shared on April 9 that the UltraShort Ether ETF (ETHD), managed by ProShares, surpassed 247% in year-to-date returns and registered nearly $14 million in assets under management. REX Shares’ T-Rex 2X Inverse Ether […]
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Cboe BZX Exchange has officially submitted Form 19b-4 to the US Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tied to the Sui blockchain. The April 8 filing stated: “Cboe BZX Exchange, Inc. is filing with the Securities and Exchange Commission (‘Commission’ or ‘SEC’) a proposed rule change to list and trade […]
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The first XRP exchange-traded fund (ETF) in the US recorded a “terrific response” on its opening day, according to Teucrium CEO Sal Gilbertie. Speaking on the Crypto Prime podcast, Gilbertie called the debut Teucrium’s most successful ETF launch to date in terms of first-day activity. The New York Stock Exchange (NYSE) has approved listing a […]
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BlackRock has expanded the custodial structure of its iShares Bitcoin Trust (IBIT), formalizing Anchorage Digital Bank N.A. as an additional Bitcoin custodian through a new Master Custody Service Agreement. The development, disclosed in a Form 8-K filing dated April 7, 2025, introduces a secondary custodian while Coinbase continues to serve as the primary holder of […]
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The New York Stock Exchange (NYSE) has approved listing a new exchange-traded fund (ETF) tied to XRP. The Teucrium 2x Long Daily XRP ETF (XXRP) will launch on April 8 and aims to deliver twice the daily performance of XRP using swap contracts. News of the approval drove XRP’s price up by around 7%, reaching […]
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Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review.
Digital asset investment products saw $240 million in outflows last week, marking a sharp reversal in sentiment. Bitcoin-based products accounted for most of these losses, registering $207 million in outflows, according to CoinShares’ latest weekly report. Despite recent volatility, Bitcoin’s year-to-date inflows remain strong at $1.3 billion. Why outflows? CoinShares explained that the crypto outflows […]
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The fund aims to benefit from the inherent losses resulting from holding leveraged funds longer than one day, known as volatility decay.
Grayscale has taken the next step in its efforts to launch a spot Solana exchange-traded fund (ETF). On April 4, the digital asset manager filed a Form S-1 with the US Securities and Exchange Commission (SEC), aiming to convert its existing Grayscale Solana Trust (GSOL) into a publicly traded ETF. Crypto traders on the decentralized […]
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Coinbase Derivatives has taken a major step toward expanding its crypto offerings by filing with the US Commodity Futures Trading Commission (CFTC) to launch an XRP futures contract. If the CFTC gives the green light, trading could begin as early as April 21, 2025. According to Coinbase Institutional, the proposal would allow the company to […]
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Bitwise Asset Management has rolled out three new exchange-traded funds (ETFs) designed to generate consistent monthly income by leveraging the high volatility of crypto-linked stocks, according to an April 3 statement. The newly launched ETFs include the Bitwise Coinbase Option Income Strategy ETF (ICOI), Bitwise Marathon Digital Option Income Strategy ETF (IMRA), and Bitwise MicroStrategy […]
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