Bitwise Asset Management has introduced the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing institutional and retail investors with streamlined access to Solana’s (SOL) staking rewards. The new product is designed to deliver superior returns and transparency, strengthening Bitwise’s position in Europe’s crypto investment market. The BSOL ETP, which tracks the Compass Solana […]
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Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT became the most successful ETF launch in over 10 years, following the $418.8 million in net flows registered on Dec. 16. Nate Geraci, CEO of The ETF Store, highlighted that IBIT had beaten approximately 2,850 ETFs. He added: “In other words, IBIT has more lifetime inflows than […]
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A “new wave” of crypto exchange-traded funds (ETFs) is expected in 2025 as the regulatory landscape improves under the incoming Trump administration, according to Bloomberg Intelligence analysts. Bitcoin-Ethereum (ETH) combination products will likely lead the charge, followed by Litecoin (LTC) and Hedera Hashgraph (HBAR). However, legal and regulatory hurdles are expected to delay ETFs tied to […]
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CoinShares’ latest report showed that the crypto sector experienced $3.2 billion in inflow last week, extending its streak to 10 consecutive weeks of positive flows. This marks the longest streak of inflow this year. The inflow also brings total year-to-date flows to $44.5 billion, which is four times higher than any previous annual record. Trump’s election […]
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Following the approval of the US-based spot Bitcoin exchange-traded funds (ETFs) in January 2024, the crypto crowd felt it was only a matter of time before other similar products received the green light. Barely six months after the BTC ETF trading debuted, the Ethereum exchange-traded funds were also launched in the United States. While the […]
Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features. The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, […]
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The new funds add to Grayscale's expanding suite of single-asset crypto products.
Traders’ anticipation of a SOL ETF approval and a $750 price target from Bitwise are fueling traders’ optimism in Solana.
Crypto investment products achieved a historic milestone last week, recording a staggering $3.85 billion in weekly inflows, according to CoinShares’ latest report on digital asset flows. These inflows pushed year-to-date (YTD) totals to $41 billion, with assets under management (AuM) climbing to $165 billion. The figures have outpaced the previous record set in 2021, which […]
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The spot Ethereum ETFs (exchange-traded funds) in the United States have continued their impressive form, posting their tenth consecutive day of positive inflows to close the week. This strong performance reflects the growing positive sentiment amongst investors following the recent US presidential elections. The streak of capital influx would also mark a great start to […]
Recent price action has seen the Ethereum price breaking above the $4,000 price level again to drive euphoria among crypto investors, especially those awaiting the onset of an altcoin season. This price rally follows an unprecedented surge in Ethereum Spot ETF inflows, which hit a record $428 million on December 5 as investors continue to anticipate crypto-positive regulatory changes under the incoming Trump administration. Related Reading: Dogecoin Days At The Top Numbered? Cardano Set To Take Over — Analyst Interestingly, this bullish momentum has seen the Ethereum price play out an interesting motion on its price chart. Particularly, Ethereum has broken above a massive triangle on the weekly timeframe chart, which points to an incoming price rally. $10,000 Target In Sight As Bull Run Builds Up Steam According to technical analysis posted on social media platform X by crypto analyst Captain Faibik, the recent Ethereum price rally has seen the cryptocurrency breaking out of the upper trendline of a triangle formation. This breakout is particularly significant, as it is out of a triangular formation that has been in play for three years. As shown by the ETHUSDT weekly timeframe chart below, the triangular pattern has been in play since the Ethereum price reached its current all-time high of $4,878 in November 2021. This pattern has been highlighted by a series of lower highs and higher lows, which have seen the Ethereum price trading in an increasingly tightening range. However, in light of the recent breakout to the upper end, Captain Faibik declared that Ethereum’s long-anticipated 2024-2025 bull run has “officially started.” In terms of a price target, the analyst highlighted a run towards $10,000, which would see the Ethereum price breaking into new all-time highs. On-Chain Data Points To New All-Time High The bullish momentum for Ethereum is supported by strong on-chain metrics, particularly a notable rise in large transactions. According to data from IntoTheBlock, the volume of transactions worth $100,000 or more has increased by over 300% in the past week, reaching a cummulative $86.15 billion in the past seven days and $17.15 billion in the last 24 hours. This surge in high-value transactions indicates growing participation from institutional investors and high-net-worth individuals, further bolstering Ethereum’s price outlook to $10,000. Additionally, Ethereum’s profitability metrics highlight favorable conditions for further growth. As crypto analyst Ali Martinez pointed out, there is nothing preventing the Ethereum price from reaching new all-time highs. As it stands, the only minor resistance level ahead is at $4,540. Regardless, with the $3,560 demand zone acting as a strong support level, Ethereum’s trajectory appears firmly tilted toward the bulls. Related Reading: Countdown To $5 XRP: Engineer Predicts Milestone On ‘Strong Fundamentals’ At the time of writing, Ethereum is trading at $4,010, up by 8% in the past 24 hours. Featured image from Medium, chart from TradingView
The US Securities and Exchange Commission (SEC) will reportedly reject two spot Solana (SOL) exchange-traded funds (ETF) applications, according to Bloomberg ETF senior analyst Eric Balchunas. Balchunas said the rejections were Chair Gary Gensler’s “parting gift” to the crypto industry. Fox News reported Eleanor Terrett revealed sources at two Solana ETF issuers told her the […]
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The investment interest comes after ether added about 60% in a month.
According to a recent report by Bitfinex, Bitcoin (BTC) breaking through the psychologically significant $100,000 barrier will largely depend on the actions of two key holder cohorts – long-term holders (LTH) engaging in profit-taking and short-term holders (STH) driving demand. Short-Term Holder Demand Critical To Propel Bitcoin To $100,000 Bitcoin’s price surged an impressive 37.3% […]
Grayscale Investments has taken another step to expand its footprint in the digital asset market, filing with the US Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF). If approved, the ETF would trade under the ticker symbol GSOL on the New York Stock Exchange, offering investors […]
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BlackRock’s IBIT now holds 2.38% of all Bitcoin, with its latest filing showing it has 500,380 BTC on its books.
The latest Digital Asset Fund Flows Weekly Report from CoinShares has provided valuable insights into the current stance of cryptocurrency investment. The report reveals that digital asset investment products recorded inflows totaling $270 million last week, contributing to a record of $37.3 billion in inflows for the year. Despite this overall positive trend, notable discrepancies […]
The research firm considers ETH an attractive investment opportunity, citing rising investor interest relative to Bitcoin.
Investor sentiment has recently shifted away from Bitcoin and toward Ethereum, based on fund flow data from CoinShares.
Digital asset investment products experienced their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares‘ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion. James Butterfill, Head of Research at CoinShares, highlighted an unusual contrast in the flows across different assets within the class. He noted […]
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Spot Bitcoin ETF issuer WisdomTree has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). WisdomTree joins Bitwise, 21Shares, and Canary Capital in seeking SEC approval for spot XRP ETFs. As Eleanor Terrett of Fox Business reported, this collective move indicates growing institutional […]
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The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States. As a result, the Ethereum ETFs ended the month of November, its […]
Bloomberg senior ETF analyst Eric Balchunas stated that unless a big collapse happens, the altcoin-related exchange-traded funds (ETF) awaiting approval will make crypto “pretty wild.” He shared that 14 altcoin-related ETFs await approval by the US Securities and Exchange Commission (SEC) in the next 12 months, including funds giving exposure to Solana (SOL), XRP, Hedera […]
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Blockchain firm Ripple is among the four founding members of the newly incorporated XRP Ledger (XRPL) Foundation. Established on Nov. 26 in France, the organization aims to unify and govern the broader XRPL ecosystem. The foundation brings together Ripple, XRPL Labs, XRPL Commons, the former XRPL Foundation, and key members of the XRP community. The […]
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Bitwise said that it’s planning to rebrand its entire European ETP portfolio as it expands its operations in Europe.
NYSE Arca filed a 19b-4 Form to list a Bitwise exchange-traded product (ETP) offering direct spot exposure to Bitcoin (BTC) and Ethereum (ETH), weighted by their market capitalization. According to a Bitwise statement, the proposed Bitcoin-Ether ETP aims at simplifying portfolio allocation for investors seeking exposure to the crypto market’s most established assets. Its market-cap […]
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After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.
Bitcoin unexpectedly fell under $92,000 on Nov. 25. Do bulls still have a chance to rally to $100,000?
DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.’s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement. This marks the first Dogecoin ETP in the Nordics, giving investors a secure and simplified way to gain exposure to the popular […]
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