Bitwise donated $150,000 to support Bitcoin (BTC) open-source developers, according to a Feb. 18 announcement. The funds are equivalent to 10% of the gross profits from its spot Bitcoin exchange-traded fund (ETF), BITB, an amount pledged since the product’s inception. The first contribution will be distributed among three nonprofit organizations: Brink, OpenSats, and the Human […]
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The demand for XRP exceeds that of other crypto on US-based exchanges, with trading volumes surging significantly since November, according to a recent Kaiko report. The report highlighted XRP growth in trading activity using Coinbase’s latest earnings report. For the first time in recent history, XRP contributed more to the exchange’s trading-based revenue than Ethereum […]
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Institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin (BTC) exchange-traded funds (ETFs) as of Dec. 31 — totaling $26.8 billion. K33 Research head of research Vetle Lunde shared that the percentage of Bitcoin ETF AUM held by institutions grew 113% between the third and fourth quarters of 2024. Additionally, the AUM […]
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In recent 13F form filings, Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and the State of Wisconsin Investment Board revealed exposure to Bitcoin (BTC) through BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF). Mubadala’s filing shows over 8.2 million shares of IBIT worth nearly $437 million. According to the sovereign fund’s official website, this […]
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The US Securities and Exchange Commission’s (SEC) Crypto Task Force met with industry representatives on Feb. 5 to explore potentially including staking in crypto exchange-traded products (ETPs). Jito Labs CEO Lucas Bruder and chief legal officer Rebecca Rettig attended the meeting, along with Multicoin Capital managing partner Kyle Samani and general counsel Greg Xethalis. According […]
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The US Securities and Exchange Commission (SEC) has acknowledged Grayscale’s applications for spot Dogecoin (DOGE) and XRP exchange-traded funds (ETFs), according to two Feb. 13 filings by the financial regulator. This marks the first step in a regulatory review process that could determine whether these funds receive approval. Both ETFs aim to track the price […]
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The Cboe BZX Exchange has submitted a request to the US Securities and Exchange Commission (SEC) to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF), according to a Feb. 12 filing. If approved, the ETF would stake its Ethereum (ETH) holdings, allowing investors to earn staking rewards. Regulatory hurdles Staking is integral to […]
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In its recent 13F form, JPMorgan reported $1 million in crypto exposure through exchange-traded funds (ETF) as of Dec. 31. This is nearly 69% more than the $595,326 it reported at th end of the third quarter of 2024. According to the filing with the US Securities and Exchange Commission (SEC), JPMorgan’s exposure to Bitcoin […]
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Goldman Sachs reported over $2 billion in crypto exposure through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) as of Dec. 31, according to its latest 13F form. According to its 13F form, the lender had a $1.56 billion exposure to Bitcoin at the end of the fourth quarter of 2024, over 2x higher than […]
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Rising by 14% in the face of a broad general market volatility, Litecoin (LTC) is once more displaying its strength in the crypto scene. LTC dropped briefly to $102, then swiftly recovered and today rests securely above the $120 support zone. As positive momentum builds, experts are wondering whether Litecoin can reach the next crucial level: $128. At its current price of $127, it’s just a matter of time (hours?) before LTC can easily hit $128. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst Strong Recovery After Market Dip Traders have been drawn to Litecoin lately, particularly given its remarkable 25% increase over the past 30 days. LTC has kept a consistent climb while Bitcoin and other big cryptocurrencies have somewhat been shaken. Litecoin dropped momentarily to $105 on February 10 then quickly recovered, indicating substantial buyer demand at reduced levels. Now considered as a crucial support zone, the $120 mark will help LTC brace for another leg up as long as it holds. ???? $LTC is breaking out of this ascending triangle as predicted! The target is $128???? Trade #Litecoin on Bitunix – https://t.co/GzXaATj3Ps and get a free $100 after your first $500 deposit! pic.twitter.com/UGD4Qq1aa5 — Carl Moon (@TheMoonCarl) February 10, 2025 Market Sentinel Sees A Move To $128 And Above With some experts seeing a breakthrough toward $128 in the near term, market watchers are upbeat about Litecoin’s trajectory. Should positive sentiment persist, the next main obstacle falls between $128 and $130. A clean break above this area would let the door open for a push toward $150 or possibly $170 in the next weeks. The past performance of Litecoin in pre- and post-halving cycles is one of the elements fostering this optimistic view. Some analysts contend that Litecoin’s present surge is still part of its extended bullish phase. Litecoin ETF Speculation Adds Fuel To The Fire Speculation about a possible Litecoin exchange-traded fund (ETF) is another main driver behind Litecoin’s current surge. Although Bitcoin ETFs are already causing stir in the market, investors are also considering other assets that would profit from same regulatory approval. Odds of Litecoin ETF approval at 90%. I’m fine if folks want to buy it. It’s a free country But why? It’s a decade old ghost chain with no discernible purpose. https://t.co/XNsNqxfDfp — Jeff Roberts (@jeffjohnroberts) February 11, 2025 Should an LTC ETF be greenlit – which at the time of writing has a solid 90% odds of approval, according to an X user – it would give institutional investors a controlled approach to expose themselves to crypto, hence maybe generating large asset inflows. While no official confirmation has been made, growing speculation alone has been enough to spark increased interest in LTC. Related Reading: Analyst Eyes $387 For Solana As Key Support Levels Strengthen—Details Litecoin: What’s Next? Litecoin is barely one dollar away from its target, and all eyes are on whether it can surpass the $128 barrier level, according crypto analyst Carl Moon. Should the overall market stay steady and sentiment remain favorable, a move past $130 could be just ahead. Featured image from Gemini Imagen, chart from TradingView
The sun could be set to shine brighter in Japan’s financial horizon, as regulators take another look at how Bitcoin will play a role in the country’s financial landscape. Authorities are now considering lifting a long-standing ban on Bitcoin and crypto exchange-traded funds (ETFs). This might signal a new era in the government’s outlook on digital currencies. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst If given the green light, this action would open doors for both institutional and retail investors by aligning Japan with other big financial hubs embracing crypto-based investment products. Crypto ETFs May Soon Become A Reality In Japan Japan’s top financial regulator, the Financial Services Agency (FSA), is apparently considering approving Bitcoin and cryptocurrency exchange-traded funds (ETFs). This will change the investing environment of the country greatly. For years, the ban on these funds has limited the ways in which investors might have access to digital assets via regulated financial instruments. Japan appears to be closely monitoring the United States’ recent approval of numerous Bitcoin spot ETFs. The introduction of crypto ETFs, according to analysts, would offer investors a more structured and secure method of participating in the digital asset market, without the risks associated with direct ownership. Japan Advocates For Tax Reforms That Favor Crypto Apart from the acceptance of ETFs, Japan is looking at major tax changes that would boost the attractiveness of bitcoin investments. Currently, profits from cryptocurrencies are liable to taxes at rates ranging from up to 55%, which has discouraged investors. Still, authorities are thinking about lowering the rate to 20% to match the taxation of stocks and other traditional financial assets. This change most likely would be a motivation for other traders and institutions to enter the market. If implemented, the new tax policy has the potential to establish Japan as one of the most crypto-friendly economies in Asia, thereby attracting substantial capital inflows. Related Reading: Analyst Eyes $387 For Solana As Key Support Levels Strengthen—Details Reclassifying Cryptocurrencies As Financial Products Along with a bigger plan to make regulations clearer, the FSA is also considering whether cryptocurrencies should be considered regular financial assets, like stocks or bonds. If this goes into action, crypto assets will have to follow stricter rules for reporting and disclosing information. This will make the industry more open and protect investors. This change in the law may calm big investors’ fears of price manipulation, fraud, and a lack of oversight, which have been holding them back in the past. Japan’s move to recognize digital assets as a safe form of investment could be a model for other countries to follow. Featured image from Gemini Imagen, chart from TradingView
Grayscale has applied with the US Securities and Exchange Commission (SEC) to list a Cardano exchange-traded fund (ETF) on the New York Stock Exchange (NYSE), according to a Feb. 10 filing. This would mark the first US-listed ETF tied to ADA, providing regulated exposure to the digital asset. Following the news, ADA emerged as the […]
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There’s a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have released their latest approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with XRP receiving the lowest probability. According to the latest estimates, Litecoin (LTC) leads with a 90% probability of approval, followed by Dogecoin (DOGE) at 75% and Solana (SOL) at 70% — XRP trails the […]
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The US Securities and Exchange Commission (SEC) has delayed on Feb. 7 its decision on whether to approve options trading on Ethereum (ETH) exchange-traded funds (ETFs), extending the review period until Apr. 9. The decision, outlined in a Feb. 7 filing, impacts proposals related to Bitwise’s ETHW, Grayscale’s ETHE and Ethereum Mini Trust, and BlackRock’s […]
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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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The US Securities and Exchange Commission (SEC) has acknowledged two key filings: an amendment for Grayscale’s proposed spot Litecoin (LTC) exchange-traded fund (ETF) and a separate request allowing in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT), according to Feb. 6 filings. Analysts view the SEC’s engagement with these filings as a crucial step toward potential […]
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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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