Bloomberg ETF analyst James Seyffart believes the next phase of adoption for crypto exchange-traded funds (ETFs) will be driven by financial advisers, wirehouses, and brokers managing assets for high-net-worth individuals. Speaking on the “Coin Stories” podcast, Seyffart outlined how these financial institutions, which oversee trillions of dollars in assets, could play a central role in […]
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The filing’s preliminary, so the SEC has up to 240 days — potentially late 2025 — to approve or deny it.
Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.
The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high. Decisions on Grayscale’s filings for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA) ETFs were delayed. The SEC also delayed […]
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The Cboe BZX Exchange has filed a request with the U.S. Securities and Exchange Commission (SEC) to allow staking for the Fidelity Ethereum Fund (FETH), as revealed in a March 11 filing. Staking involves locking ETH to secure the Ethereum network while generating rewards. A staked ETH ETF could offer investors additional income beyond traditional […]
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Bitwise Asset Management has launched Bitwise Bitcoin Standard Corporations ETF (OWNB), a new investment product designed to provide exposure to companies holding significant Bitcoin reserves. According to a March 11 statement, the ETF follows the Bitwise Bitcoin Standard Corporations Index, which includes firms that have integrated Bitcoin into their corporate treasuries. Bitwise CIO Matt Hougan […]
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New ETF tracks public companies holding at least 1,000 bitcoin.
The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10
Volume in both leveraged long and short ETFs has increased sharply.
The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments.
Is history repeating itself with another sell-the-news event from a major U.S. event?
Bitwise has filed an S-1 application form twith the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT) exchange-traded fund (ETF). The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50 as of press time, based on CryptoSlate data. According to the filing, the ETF’s […]
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Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement. Related Reading: Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth Following the disclosure by US President Donald Trump on Tuesday that Cardano (ADA) and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve, Cardano has been among the talk of the town. Whales Show Appetite With Large Transactions There has been a cascading effect throughout the Cardano ecosystem as a result of an inundation of substantial transactions. On March 4, the analytics platform Santiment monitored 1,132 whale transactions, with 2,671 unique transactions exceeding $100,000. The most significant whale activity in the past three months occurred when ADA momentarily reached $1.13, triggering a major whale entry into the market. ???? Cardano’s brief, major breakout to $1.13 came in tandem with the most whale activity in over 3 months. The sudden jump in $100K+ transfers sparked a drop in the average age of $ADA sitting in wallets, indicating a rise in tokens now back in regular circulation on the network. pic.twitter.com/bGliMmEesx — Santiment (@santimentfeed) March 4, 2025 Cardano Price Momentum Gaining Steam The cryptocurrency is showing signs of steady resilience. Over the past 24 hours, the value of ADA has increased by 21%, fluctuating between a low of $0.75 and a high of $0.94. ADA is currently trading at $0.9972, sustaining a solid 45% increase in the weekly frame. The futures markets are also a hive of activity, as open interest has surged by more than 6% in the past 24 hours, reaching 905 million ADA, which is equivalent to over $842 million. Shifting Regulatory Winds For Cryptocurrency Meanwhile, another motivating factor would be the possibility of regulatory progress. Grayscale has received acknowledgment from the US Securities and Exchange Commission (SEC) to register an exchange-traded fund (ETF) that is compliant with ADA. This acknowledgment has the potential to increase the chances for mainstream capital investment, as Cardano is now on the shortlist of altcoins awaiting official feedback. Progress Promotes Community Involvement Cardano Founder Charles Hoskinson continues to push boundaries with the platform. Recent developments include ambitious plans to track government spending and advance decentralized governance. The Plomin hard fork stands as a testament to the project’s commitment to innovative blockchain solutions. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Cardano’s future remains the subject of cautious optimism among analysts. Although there are numerous speculations circulating on certain social media platforms regarding a potential $10 price point, the majority of observers recommend that individuals maintain realistic expectations. The cryptocurrency market is characterized by frequent fluctuations and remains unpredictable. Cardano distinguishes itself through its consistent network enhancements and evolving ecosystem. The most recent data indicates that token circulation is increasing and there is a renewed interest among investors. Numerous individuals will monitor the platform’s development to determine whether these encouraging indicators will ultimately generate long-term value. Featured image from Market Realist, chart from TradingView
Last week, the crypto market witnessed its most significant weekly sell-off, with outflows hitting a record $2.9 billion, according to CoinShares‘ latest weekly report. This marked the third consecutive week of capital exiting digital asset investment products, bringing total outflows to $3.8 billion. CoinShares’ Head of Research, James Butterfill, pointed out multiple reasons for the downturn. […]
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The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration.
BlackRock incorporated Bitcoin (BTC) into its $150 billion model-portfolio offerings through its iShares Bitcoin Trust ETF (IBIT) exchange-traded fund (ETF), Bloomberg News reported on Feb. 28. The asset manager has assigned 1% to 2% of its target allocation portfolios to IBIT. As of Dec. 17, the fund registered over $36 billion in net flows, amassing […]
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CME Group revealed the Solana (SOL) futures launch on Mar. 17, pending regulatory approval, citing increasing client demand. Nate Geraci, CEO of The ETF Store, noted that the development “definitely bodes well” for SOL exchange-traded fund (ETF) prospects. According to a Feb. 28 statement, the new Solana futures contracts will be available in two sizes: […]
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The Aptos (APT) token defied the broader crypto market downturn, surging over 8% after Bitwise registered an interest in launching a spot exchange-traded fund (ETF) focused on the asset. While major cryptocurrencies like Bitcoin and Ethereum dropped more than 3% during this period, APT outperformed the top 50 digital assets, reaching $6.15 as of press […]
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Losses in crypto markets mirrored those in U.S. equities after lesser-than-expected earnings from technology stalwart Nvidia failed to wow investors.
Litecoin (LTC) is currently attempting to sustain its position above the critical $120 threshold, eliciting concern among investors. Related Reading: $34 XRP? Analyst Spots A Crucial Setup For A Major Rally The crypto is presently valued at $112, reflecting a 9% decline over the past 24 hours, making its trajectory a topic of interest for investors amid a broader market downturn that has led to over $250 million in liquidations across cryptocurrency exchanges. In light of the escalating selling pressure, is it plausible for LTC to evade hitting lower support levels in the near future? Network Growth Defies Price Action Still, despite the adverse price swings, Litecoin’s basic network metrics present a different story. Higher than the 30-day average of 8.15 million, the overall count of addresses now stands at over 8 million. Concurrent with this growth in transaction volume—which has quadrupled from $3.70 billion to $11.30 billion over the past six months—are other developments. These basic indicators show a strong adoption rate that contrasts sharply with the present price downturn, therefore creating an interesting scenario for market observers. #Litecoin $LTC faced rejection at the $135 resistance, which could lead to a pullback toward support at $98! pic.twitter.com/UchvWgc6G8 — Ali (@ali_charts) February 23, 2025 Technical Patterns Indicate Potential Downturn Ali Martinez, a known crypto analyst, has detected a parallel channel formation on the daily chart of Litecoin that concerns him. This technical structure, in conjunction with a double-top reversal pattern at the upper boundary, suggests that there is ongoing downward pressure that could lead LTC to the midline of the channel, which is approximately $115. The parallel channel’s lower band is around the $98 threshold. If the decline reaches the mid-line at $115, bears will probably test the lower boundary line. This will be Litecoin’s second decline below the $100 milestone. Derivatives Data Shows Mixed Sentiment Divergent signals about Litecoin’s future abound from the derivatives market. While the general long-to-short ratio is 0.90, which suggests that there are rather more negative than optimistic holdings, the ratios of important exchanges like Binance and OKExchange are more positive. This divergence suggests that despite the broader market’s uncertainty, prominent traders with larger accounts remain confident. In the past 24 hours, the market’s volatility was further exemplified by liquidation data, which showed that bulls suffered $2.70 million in losses while bears took a $440 hit. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Strategic Opportunities Emerge From Volatility The current state of the Litecoin market is a critical turning point for investors. If you are looking at the bigger picture, the possible pullback to the $98 support level could be a great time to get in, as long as it happens. If the price breaks clearly above $135, it could start a bigger rebound phase and show that the price is once again moving up. Featured image from Gemini Imagen, chart from TradingView
Digital asset management company Grayscale has applied to the US Securities and Exchange Commission (SEC) to launch a Polkadot exchange-traded fund (ETF) on the Nasdaq exchange. According to the Feb. 25 filing, the ETF aims to expose investors to Polkadot’s DOT by tracking the token’s price performance. The filing stated: “[This] is a proposal to […]
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Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, has cautioned that Bitcoin’s price could drop as low as $70,000 due to ongoing bearish momentum. This comes as Bitcoin recently slumped to a three-month low of $88,273—its lowest point since mid-November, according to CryptoSlate data. Why BTC price might fall further In a […]
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Global crypto investment products experienced a second straight week of capital outflows, with investors pulling $508 million amid growing economic concerns, according to CoinShares’ latest weekly report. Over the past two weeks, total outflows have reached $924 million. This downturn follows an 18-week period of inflows amounting to $29 billion following Donald Trump’s election victory […]
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Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark. Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7 days. Alongside this price movement, new data have emerged highlighting significant activity among large holders on exchanges, suggesting a shift in market dynamics. Related Reading: Bitcoin Open Interest Climbs—Is a Market Breakout Around the Corner? Bitfinex Whales Show Increased Activity A CryptoQuant analyst known as Mignolet has recently shared a detailed outlook on exchange whales and their influence on the current price action in Bitcoin. Mignolet’s observations focus on leverage ratios across major trading platforms. According to his analysis, the “all exchange leverage ratio” is at an all-time high. This measure, which captures the amount of leverage being used on exchanges, reflects heightened activity that could precede significant price moves. Interestingly, while Binance has seen its leverage ratio drop back to levels last seen during last year’s consolidation phase, Bitfinex tells a different story. On Bitfinex, leverage ratios have surged sharply, aligning with a rise in open interest. Mignolet highlights that this activity points to a sudden increase in whale movements within the ongoing consolidation range. While these leverage ratios alone don’t guarantee a specific price direction, the sharp uptick on Bitfinex suggests a shift in market dynamics that bears watching. According to the CryptoQuant analyst, the question now is: What are these whales aiming for? Mignolet’s analysis stops short of providing a definitive answer, but it raises the possibility of a major price shift soon. With Bitcoin’s price holding steady above $98,000, the actions of these large-scale traders could influence whether the market breaks higher or retreats back into a more extended consolidation phase. Bitcoin Encounters Potential Strong Support Zone Meanwhile, Bitcoin has continued to inch closer to the six-digit price mark which it recently fell below in the previous week. Although the asset is still roughly an 8.7% decrease away from its all-time high (ATH) above $109,000 established in January, it has managed to see an uptick in price in the past few days. At the time of writing, Bitcoin trades at $98,091 marking a 1.2% increase in price over the past day. According to data from IntoTheBlock, the asset appears to be seeing a formation of a “massive demand zone just below the current price.” IntoTheBlock highlighted that should the market face further downward pressure around this area, the zone may act as strong support. A massive demand zone has formed just below the current price???? On-chain data indicates that 2.76 million addresses acquired a total of 2.1 million $BTC at an average price of 97.1k, highlighting significant buying interest at this level. If the market faces further downward… pic.twitter.com/ANm1kkXMtE — IntoTheBlock (@intotheblock) February 21, 2025 Featured image created with DALL-E, Chart from TradingView
A group of US senators, led by Cynthia Lummis, has urged the Securities and Exchange Commission (SEC) to clarify its position on protocol staking in crypto exchange-traded products (ETPs) in a Feb. 20 letter. The lawmakers are seeking answers regarding the exclusion of staking from ETP issuers’ S-1 filings, which they argue impacts the competitiveness […]
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Franklin Templeton launched its dual spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) on Feb. 20, according to a press release. The fund will trade under the EZPZ ticker and is listed on Cboe. It tracks the dual price based on the CF Institutional Digital Asset Index. The index is weighted by market capitalization, allocating […]
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XRP surged ahead of Bitcoin and Ethereum in the past 24 hours after securing its first spot exchange-traded fund (ETF) approval in Brazil. Data from CryptoSlate shows that the token’s value jumped by 6% during this period, reaching $2.75, making it the best performer among the top 10 cryptocurrencies by market capitalization. This upward trend […]
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The filings for spot Solana (SOL) exchange-traded funds (ETFs) from VanEck, 21shares, Bitwise, and Canary Capital were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings. Additionally, the register for the Grayscale filing was added on Feb. 12, […]
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The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF). Trump’s […]
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The Bank of New York Mellon (BNY Mellon) disclosed holdings of more than $13 million in Bitcoin exchange-traded funds (ETFs) at the end of the fourth quarter, marking another sign of traditional financial institutions increasing their exposure to digital assets. According to a newly filed disclosure with the SEC, BNY Mellon owns 115,108 shares of […]
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