Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny slice of its 843,706 BTC stockpile — triggering a wave of selling that has knocked Bitcoin down 16% since the transaction. Strategy also offloaded $128 million in shares, and its stock has dropped nearly 13% to a two-month low of $126. At the center of the concern is STRC, a variable-rate preferred equity instrument that Strategy designed to trade at $100 per share and pay an 11.5% dividend. It is now trading around $95 — below the target price — a sign that investors are demanding a higher return than the instrument currently offers. If Strategy responds by raising the dividend to pull STRC back to par, cash obligations grow. Higher cash obligations could push the company toward selling more Bitcoin. More Bitcoin sales could weigh further on prices. Pandl put it plainly: Strategy’s levered model is under pressure, and that has increased volatility for the Bitcoin market as a whole. What Saylor’s First Sale Changed Until this week, Strategy had operated under a strict buy-and-hold approach, treating Bitcoin accumulation as a one-way strategy. The sale of 32 BTC — however small — broke that pattern and shook confidence among investors who had built a bullish thesis around the assumption that Saylor would never sell. Augustine Fan, a partner at crypto software firm SignalPlus, said markets are blaming the sales and STRC’s discount for driving the latest downturn, but added that even committed supporters are finding fewer reasons to stay structurally bullish. All eyes, Fan said, are on how Saylor manages liquidity by balancing STRC dividend payments against Bitcoin holdings. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Healthier Market Without The Concentration Grayscale’s Pandl sees a broader upside to a potential shift away from concentrated, leveraged BTC holdings. Less Bitcoin sitting on the balance sheets of highly indebted companies, and more spread across diversified corporate holders, would benefit the Bitcoin ecosystem over the long run, he argued. Featured image from Unsplash, chart from TradingView
The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.
Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.
On Tuesday, the Hyperliquid token (HYPE) surged to a new all-time high of $65, briefly propelling the cryptocurrency into the top ten by market capitalization and drawing fresh attention to the platform’s underlying momentum. Grayscale Research released a new report 24 hours later on Wednesday, breaking down why Hyperliquid has worked so well so far, what has helped it expand beyond crypto trading, and what investors may look for next. Hyperliquid Beyond Crypto Perps In its report, Grayscale said Hyperliquid’s scale and growth can now be compared with the largest crypto derivatives venues, pointing to activity that has grown alongside its open interest and fees. The firm noted that Hyperliquid handled about $2.9 trillion in perpetual futures (perps) volume in 2025 and currently holds roughly $7 billion in open interest. Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First The asset manager also ranked Hyperliquid as the third or fourth-largest perpetual futures exchange by open interest, emphasizing that volume, open interest, fees, and market awareness have risen together even as the platform has started expanding from crypto-native products into a wider range of tradable exposures. One of Grayscale’s key themes was that Hyperliquid hasn’t limited its expansion to traditional crypto perps. Instead, it has moved toward a broader set of products through an open architecture approach. HIP-3 And HIP-4’s Success New functionality is introduced via Hyperliquid Improvement Proposals (HIPs), and those products are built and deployed by third-party teams rather than by Hyperliquid’s original creators. Grayscale highlighted HIP-3 as a major step in this direction. HIP-3 enables builders to launch new perpetual markets, including non-crypto assets such as stocks, commodities, and index-based products. Grayscale said the volume data support that view. During the February silver spike, silver HIP-3 perps reportedly reached more than $4 billion in daily volume. In a window on February 5, 2026, HIP-3 silver perp volume traded at roughly 1% of COMEX’s silver notional volume. Building on that momentum, Grayscale pointed to HIP-4, which it described as extending the model to outcome markets—binary options that resemble prediction-market contracts. 4 Reasons Behind The Platform’s Growth Alongside its product expansion, Grayscale said there are several reasons Hyperliquid has been able to stand out. The report emphasized product focus, arguing that Hyperliquid was built around the perpetuals trading use case rather than treating trading as one feature among many. In Grayscale’s view, that allowed the platform to prioritize what active traders care about most: fast order entry, reliable execution, clear and readable positions, and an exchange-style interface that feels familiar. The firm also highlighted distribution, arguing that the builder-code and frontend approach gives third parties a reason to route users into the same liquidity base instead of fragmenting attention across separate venues. Grayscale added that the economics have already been meaningful; it cited Phantom’s integration of Hyperliquid perps through builder codes, noting Phantom has earned roughly $19.7 million from routed trading fees. Lastly, Hyperliquid’s token distribution was structured to reward platform users rather than venture investors or pre-selected insiders, which Grayscale said helped build a different kind of early ownership. Key Risks For HYPE Even with the optimistic growth narrative, Grayscale ended by warning investors to consider both familiar crypto risks and some platform-specific concerns. It said HYPE’s annualized price volatility is about 80%, roughly 40 percentage points higher than Bitcoin. Related Reading: Ethereum (ETH) Next Rally Could Start With These Two Triggers, Top Analyst Says It added that Hyperliquid’s growth potential partly depends on changes to United States financial services regulation that could open access to a broader set of users. Without those shifts, Grayscale warned the platform’s expansion may end up being limited mostly to other jurisdictions, potentially capping how far it can grow. Still, the report’s concluding message was that if Hyperliquid continues executing well, retains and grows its community, and benefits from regulatory developments that make broader adoption possible, it could become a “financial services juggernaut.” Featured image created with OpenArt; chart from TradingView.com
Whale traders have taken their most aggressive net-long positions in eight months on Hyperliquid’s HYPE token, even as retail participants sit at a 12-month bearish extreme — a gap that data suggests typically resolves in favor of the larger players. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says Retail Traders Stand Back As Big Money Moves In Data from Alphractal shows that since early May, large traders have been quietly building leveraged long positions while retail participants turned bearish and began short selling into the rising trend. That kind of split has historically triggered a wave of short covering by retail traders, pushing prices higher. HYPE was trading at $62.05 at the time of reporting, with a 24-hour trading volume of $830 million and a market cap of over $15 billion. The token slipped 2% over the past day, but its technical picture has stayed firmly bullish. Prices are tracking well above the 20-day simple moving average of $47.97 and have broken above the upper Bollinger Band, which analysts say signals strong momentum but also short-term overextension. #HYPE Tarihi direnç olan, grafikte belirttiğim Çanak direnci üzeri gün kapanışı yapmayı başardı. 59.54$ direnci üzerinde tutunduğu sürece grafikte belirtiğim çanak hedefi olan 170$ seviyelerini hedefleyecektir. Grafiği cidden güzel. Yakın takibinizde olsun. https://t.co/k3F6qaxRh6 pic.twitter.com/DiacAmgSN2 — Bitcoin Meraklısı (@Bitcoinmeraklsi) May 25, 2026 The Line To Watch Crypto analyst Bitcoin Meraklisi flagged a key development: HYPE closed a daily candle above $59.54, a level that had acted as stubborn resistance for months. Based on the structure of what analysts describe as a cup formation, that breakout opens a measured technical path toward $170 — a level that would represent roughly a 175% move from current prices. The $59.54 zone is now viewed as critical support. If the price holds above it, traders say the bullish case stays intact. A failure to hold could put the breakout in doubt. NEW: @Grayscale submits another Hyperliquid ETF filing! This one is amendment #3. Ticker will be $GHYP when it launches. Have to assume we are getting closer to a launch where we’ll have three hyperliquid:native ETFs on U.S. exchanges pic.twitter.com/lvrR3qbxM6 — James Seyffart (@JSeyff) May 22, 2026 The broader rally started taking shape in mid-May, following a period of consolidation through April. Prices have climbed sharply since then, and the MACD indicator has been trending upward in positive territory, with growing green histogram bars backing up the move. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment MACD Trend Aligns With Broader Market Push The Bollinger Bands have widened significantly, pointing to elevated volatility. TradingView data shows the price has risen sharply from lows seen in early February to its current range. In a separate but related development, Grayscale has filed a third amendment with the SEC related to a potential Hyperliquid ETF, while payments firm MoonPay has launched access to USDH and USDC through the Hypercore network — moves that reflect growing institutional interest around the Hyperliquid ecosystem. Featured image from Unsplash, chart from TradingView
Canary Capital, meanwhile, continues to push forward on its first-of-its-kind staked TRX ETF, also filing an amendment on Friday.
Arthur Hayes has a new favorite coin — and it is not Bitcoin. The veteran crypto investor recently revealed that Zcash has become one of his largest crypto holdings outside of Bitcoin, a disclosure that has drawn fresh attention to a cryptocurrency that many had written off. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance Hayes said that as artificial intelligence, governments, and major tech firms gain more capacity to analyze public blockchain data, the demand for financial privacy will rise. Zcash, according to him, is designed for exactly that. His view is not an isolated one. Barry Silbert, a known personality in the crypto investment circles, described Zcash as resembling Bitcoin during its infancy — specifically around 2013, when BTC was still a fringe asset before its first major wave of mainstream adoption. That comparison has resonated with a group of early Bitcoin aficionados who feel the original crypto has drifted from its roots. Arthur on why the Zcash and NEAR integration is the quietly building mechanism that flips NEAR from inflationary to deflationary “Shielded Zcash lets you swap and send any coin, USDT on Tron, Bitcoin, anything, and that transaction will not point back to you. Completely… https://t.co/AOWKNsDRbc pic.twitter.com/tytoAgM5q0 — Laura Shin (@laurashin) May 12, 2026 What Is Driving The Renewed Interest? Based on a Wall Street Journal report, a good number of longtime Bitcoin holders who were present during a 2026 Las Vegas digital currency conference expressed dismay with how traceable and institutionalized Bitcoin has become. Government agencies, exchange-traded fund issuers, and blockchain surveillance firms can now monitor on-chain transactions with increasing precision. For some investors, that level of transparency is a problem. Zcash was built to solve it. Launched in 2016 by cryptographer Zooko Wilcox alongside researchers from Johns Hopkins and MIT, the coin uses a technology called zk-SNARKs that allows users to shield wallet addresses, transaction amounts, and transfer details. Unlike Bitcoin, where all transaction data is public by default, Zcash gives users the option to transact privately while still allowing for transparency when needed. Strengthening Demand The renewed interest has shown up in the market. Since the start of May 2026, ZEC climbed from around $380 to a high near $615 before pulling back. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High The coin has gained more than 30% this month alone and is up nearly 50% over the past 30 days, significantly outpacing Bitcoin during the same stretch. At the time of writing, ZEC is trading below $520 after a 5.50% drop in the last 24 hours. Institutional support is present. Grayscale Investments continues to offer exposure to Zcash through its investment products. Yet the coin still carries a significant risk that no amount of celebrity endorsement can eliminate. Featured image from Pexels, chart from TradingView
As traditional finance deepens its footprint, issuers say ETFs are reshaping access, liquidity, and the global structure of digital asset investing.
The BNB price is sitting below the spotlight that has surrounded Bitcoin, Ethereum, and Solana in recent months, but a new technical outlook suggests that this quiet phase may be exactly where the larger setup is forming. Crypto analyst Crypto Patel has predicted that BNB could be one of the biggest trades of the cycle, with a long-term chart target reaching as high as $12,000. BNB Is Repeating A Multi-Year Breakout Structure Most of the industry’s attention has been locked in the constant competition between Ethereum and Solana, but BNB has been quietly assembling a multi-layered technical and fundamental case that crypto analyst Crypto Patel believes points to a price target of $12,000. Related Reading: BNB Price To Break $3,000? Crypto Trader Shares Game Plan For 500% Rally The $12,000 projection is bold, especially with BNB trading around $626. However, the Fibonacci structure on Crypto Patel’s BNB chart tells a longer story that supports this projection, alongside a few fundamental factors that are live on the BNB chain. The 3-week candlestick chart maps BNB’s full price history from its 2018 lows around $1.41, through the 2021 blow-off top above $662, and into the current price action. According to this setup, BNB is currently moving just above a broad support zone between roughly $300 and $600, with the analyst labeling the area as the best accumulation zone. The setup also includes Fibonacci retracement levels around $657 and $417 within the support zone. The outlook here is a bounce from any Fibonacci level that sends the BNB price to new all-time highs. The chart projects three upside targets from this base: Target 1 at $2,112, Target 2 at $5,000, and Target 3 at $12,000. At the time of writing, BNB is trading at $626.5. Therefore, a move to $12,000 from the current price would require an increase of 1,895%. BNB Chain Is Quietly Pulling In Tokenized Finance Giants A major reason behind Crypto Patel’s $12,000 price prediction is based on what is currently going on within the BNB Chain. Notably, recent updates have placed the BNB Chain in a position that is no longer termed only as a retail chain. Related Reading: XRP Vs. Dogecoin ETFs: Which Of These Has Performed Better In April? Crypto Patel pointed to the presence of major tokenized finance products on BNB Chain, including BlackRock’s BUIDL, Franklin Templeton’s BENJI, and VanEck’s VBILL as examples. BNB Chain’s institutional finance page confirms that BlackRock’s BUIDL has been live on BNB Chain since 2025 through Securitize, providing qualified investors on-chain access to tokenized US dollar yields. The same institutional page also lists Franklin Templeton’s OnChain US Government Money Fund, BENJI, as part of the network’s tokenized finance stack Other fundamentals supporting ultra-bullish BNB price targets include the launch of the first 2x leveraged BNB ETF approved in the US, over 30 public companies building BNB treasury plays, over 31 million daily transactions, 40% of global stablecoin volume, and pending Spot BNB ETF applications from firms including VanEck and Grayscale, among a few others. Featured image from Adobe Stock, chart from Tradingview.com
The Bitcoin ETF trade sold investors a simple promise: crypto exposure inside a wrapper that looked and felt like mainstream finance. Advisors could buy it, compliance teams could understand it, and institutions could route capital into digital assets through a product that fits the rest of their strategy. That promise worked, and the US spot […]
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Bullish sentiment towards Hyperliquid is again on the rise, with crypto whales accumulating the perp DEX token. The first HYPE ETF in the U.S. could launch soon, which is also contributing to this bullish sentiment. Why Bullish Sentiment Towards Hyperliquid Is On The Rise Crypto whales are again massively accumulating Hyperliquid, which has sparked the bullish sentiment towards the perp DEX token. In an X post, on-chain analytics platform Lookonchain revealed that BitMEX co-founder Arthur Hayes bought 26,022 HYPE, worth $1.1 million again, after nearly 3 months. Related Reading: Here’s Why The Hyperliquid Price Is Exploding Again Hayes is one of many crypto whales Lookonchain has flagged as currently buying HYPE. The platform revealed that a particular whale had deposited 7.86 million USDC into Hyperliquid to buy 200,042 HYPE. Another whale, Cooker, also bought 50,751 HYPE for $1.99 million at an average price of $38.5. Such massive accumulation among crypto whales typically precedes a price surge for Hyperliquid. It is worth noting that the HYPE price is already up amid this accumulation wave, up over 12% in the last week. The perp DEX token has reclaimed the key $40 level and is now eyeing new local highs. Interestingly, Hayes has predicted that Hyperliquid could reach $150 by August. He stated that this could happen as the HIP-3 markets continue to generate record fees for the perp DEX. The DEX has seen greater adoption since the U.S.-Iran war began, as traders can trade commodities such as oil on HIP-3. DeFiLlama data shows that Hyperliquid currently ranks among the crypto protocols generating the most fees. This is bullish for HYPE because a majority of these fees go into buybacks, which could spark significant rallies for the token. An HYPE ETF Is On The Horizon Bitwise has filed an amended registration statement for its Hyperliquid ETF, with the fund set to trade under the ticker ‘BHYP.’ The asset manager also set a management fee of 0.67% for the fund. Meanwhile, it listed market makers FalconX, Flowdesk, Nonco, and Wintermute as approved trading counterparties. Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 Bloomberg analyst Eric Balchunas noted that the filing indicates that the fund could launch soon, a development that is also bullish for Hyperliquid. The fund is expected to attract new inflows into the HYPE ecosystem as institutional investors gain exposure to the HYPE token through this ETF. Grayscale and 21shares have also filed to launch a Hyperliquid ETF, which is also bullish for the HYPE price. Balchunas noted that Bitwise may be looking to launch its HYPE ETF soon, given strong interest in HYPE, which is up 200% over the last year. At the time of writing, the Hyperliquid price is trading at around $42, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
The asset manager's research arm argues the technical path to quantum-safe blockchains is clear but reaching consensus on protocol changes, especially what to do with Satoshi's coins, is the real obstacle.
The crypto asset manager said investors are sidelined by Middle East tensions, but resilient valuations and structural adoption trends could set up the next leg higher.
Prominent asset manager Grayscale has moved to launch a HYPE exchange-traded fund (ETF) following a recent application with the SEC. This development means Grayscale joins a list of growing asset managers with the intention to add an HYPE fund to their portfolio. Related Reading: Bitcoin Just Got A $1 Million Nudge, But Will Morgan Stanley’s MSBT ETF Really Move The Needle? About The Grayscale HYPE ETF According to filings on March 20, Grayscale has now submitted an S-1 registration form for the Grayscale HYPE ETF with the US Securities and Exchange Commission (SEC). The proposed fund is expected to trade on the NASDAQ exchange under the GHYP symbol. For context, HYPE represents the native token of Hyperliquid, a layer one blockchain designed to enhance the efficiency of decentralized finance applications. One prominent feature of Hyperliquid is its ability to facilitate direct perpetual futures trading, eliminating the need for gas fees in transactions. Hyperliquid was launched in 2023, with HYPE token making its debut in 2024. Since then, the altcoin has experienced impressive traction, resulting in a market cap of $10.23 billion, making it the 10th largest cryptocurrency in the world, according to data from CoinMarketCap. In relation to the Grayscale HYPE ETF, Delaware Trust Company will be the designated trustee, while the Bank of New York Mellon is the transfer agent, and will serve alongside the co-transfer agent Continental Stock Transfer & Trust Company. In addition, the Coinbase Custody Trust LLC will serve as custodian of the fund, as practiced with other Grayscale ETFs. The fund’s prospectus also states there is the possibility of engaging in staking in the future. However, this would only occur after the staking condition has been satisfied. Alongside Grayscale, other asset managers looking to launch a HYPE ETF include 21Shares and Bitwise. Notably, the SEC under Chairman Paul Atkins has been granting approval to a series of crypto-related ETFs in line with advancing President Donald Trump’s pro-crypto agenda. This includes spot ETFs related to XRP, Solana, Dogecoin, Chainlink, Avalanche, and Litecoin. Related Reading: XRP Still In Danger Zone Without This Key Breakout: Analyst HYPE Price Overview At the time of writing, HYPE is trading at $39.44 after a minor 1.18% decline in 24 hours. Meanwhile, altcoin has recorded a 38.29% gain in the last month, emerging as one of the standout performers in the crypto market. Notably, Coincodex analysts predict HYPE is positioned to hit a $88.34 price by year’s end, representing 124.11% gain on present market prices. Featured image from Hyperliquid, chart from Tradingview
Grayscale is making a case for Zcash as the most credible challenger to Bitcoin’s dominance in the digital currency segment, arguing that a relatively small shift in market share could translate into outsized upside for the privacy-focused asset. In a March 18 research note, Zach Pandl, Grayscale’s Head of Research, frames the opportunity in stark terms. Bitcoin still accounts for roughly 90% of the “Currencies Crypto Sector,” a segment the firm estimates at $1.6 trillion across fifteen assets. Zcash, by comparison, represents just a fraction of that total. But Pandl suggests that the gap may not be structural. Related Reading: Zcash Is Crypto’s Most Mispriced Asset, Cypherpunk CIO Says “Bitcoin was the first decentralized digital currency and is still by far the largest as measured by market capitalization,” he writes. “But there are other blockchains with a ‘digital currency’ use case.” Within that competitive set, Grayscale sees Zcash as uniquely positioned to gain ground over time. Grayscale Says Zcash Has 18x Upside The core of the thesis rests on a capability Bitcoin fundamentally lacks. While Bitcoin transactions remain fully transparent on a public ledger, Zcash offers shielded transactions that obscure the sender, receiver, and transaction amount. Pandl argues this distinction is not merely technical, but market-defining. “Zcash offers shielded transactions that hide senders, receivers, and balances,” he notes, adding that “privacy will be essential, in our view, for certain types of users and transactions, and Bitcoin cannot meet this demand.” The implication is clear: if demand for private, censorship-resistant payments increases, whether driven by individuals, institutions, or specific jurisdictions, Zcash operates in a segment where Bitcoin is structurally limited. Rather than competing head-on across all use cases, it targets a subset of transactions where transparency becomes a constraint rather than a feature. Grayscale’s second pillar is less about design and more about trajectory. Zcash, now approaching a decade in operation, is described as entering a new phase marked by rising adoption of its privacy features and renewed capital inflows. “Zcash is almost 10 years old but seems to be entering a new chapter,” Pandl writes. “Use of its shielding technology is picking up, underscoring market interest for privacy-preserving digital currencies. And new capital is entering the ecosystem to support wallet development and Zcash mining.” The valuation argument follows directly from those two dynamics. Zcash’s ZEC token currently sits at around $4 billion in market capitalization, representing approximately 0.3% of the broader digital currency segment. Related Reading: Zcash Is The Last Possible 1000x In Crypto, Venture Capitalist Says Grayscale’s scenario is deliberately conservative in its assumptions but aggressive in its implications. If Zcash were to capture just 5% of that same segment, its valuation would increase roughly eighteenfold. The math hinges less on absolute growth in crypto markets and more on relative positioning within the existing category. Pandl is explicit about the trade-offs. Zcash, he notes, is “smaller and more volatile than Bitcoin and therefore has a higher risk profile.” The upside case is tied to a reallocation of market share, not a guaranteed expansion of demand. That view is not isolated. Several prominent figures have recently outlined similarly asymmetric scenarios for Zcash. Cypherpunk Technologies CIO Will McEvoy has described Zcash as “crypto’s most mispriced asset,” while Alliance DAO co-founder Qiao Wang has called ZEC the “last 1000x in crypto.” BitMEX co-founder Arthur Hayes has forecast ZEC reaching $1,000 as a “first stop,” with a longer-term target of $10,000. At press time, ZEC traded at $232.93. Featured image created with DALL.E, chart from TradingView.com
Grayscale’s Avalanche Staking ETF (GAVA) has debuted on Nasdaq, offering AVAX exposure and staking rewards.
As AI rattles tech stocks, Grayscale's head of research said blockchains will power intelligent agents’ transactions and help offset emerging risks.
As the first two spot SUI exchange-traded funds (ETFs) debut in the US, some analysts have suggested that the cryptocurrency could be preparing for a massive recovery after bouncing from a crucial support level. Related Reading: BNB Chain’s AI Agent Ecosystem Surges As Crypto Markets Bleed SUI’s Institutional Momentum Expands On Wednesday, Grayscale and Canary Capital debuted the first two spot SUI ETFs, offering direct, regulated exposure to the cryptocurrency while allowing investors to benefit from staking rewards. Notably, Grayscale expanded its lineup of crypto-based products by converting its Grayscale SUI Trust into a spot ETF, which is now live on NYSE Arca under the GSUI ticker. According to the announcement, the fund is designed to “provide investors with exposure to SUI and its staking activity through an ETP, offering a convenient way to gain exposure to a network designed for scalable, real-world applications, and the next generation of digital experiences.” Krista Lynch, Senior Vice President, ETF Capital Markets, at Grayscale, affirmed that “GSUI’s launch on NYSE Arca marks an important milestone in expanding the range of exchange-traded products tied to the Sui ecosystem, including exposure to potential staking rewards.” Meanwhile, Canary Capital launched the first US spot ETF for the cryptocurrency on Nasdaq under the SUIS ticker. The Canary Capital Staked SUI ETF “brings that exposure into a regulated, exchange-traded structure, providing investors access to SUI and its staking reward potential,” stated Steven McClurg, CEO at Canary Capital. “Canary continues to deliver on its strategy to translate emerging blockchain networks into accessible, exchange-traded investment vehicles, and we’re pleased to add SUIS in the category,” he continued. The Sui Foundation highlighted that the latest launches added to a series of institutional milestones in the ecosystem, including multiple Sui-linked investment products and strategic initiatives from firms like 21Shares, Bitwise, and Franklin Templeton. SUI Preparing For Major Price Recovery? Amid the spot ETFs’ debut, SUI’s price continued its sideways movement under the $1.00 barrier, trading between $0.93 and $0.98 throughout the day. Ali Martinez suggested that the cryptocurrency could be preparing for a move to higher levels, noting it recently retested a key support level. As Martinex explained, SUI tested and bounced from a two-year rising support line after the early February market crash. This ascending trendline has previously triggered major rallies. According to the chart, the last two times the cryptocurrency hit this support line, it jumped 365% and 850% rallied respectively, with the latest sending its price toward its $5.35 all-time high (ATH) in the following months. To the analyst, if SUI holds the $0.80 area, “history suggests upside could follow. And this time, fundamentals are lining up too.” He pointed out that the growing institutional exposure and the technical structure alignment could set up a base “for something much bigger.” Related Reading: Crypto Funds Bleed $173M As Outflows Extend To Fourth Week – Report Similarly, market observer Bitcoinsensus highlighted SUI’s macro structure, which signals a potential leg up toward new highs. Per the post, the altcoin “has been moving up in a very technical structure” since its launch, repeating a 5-wave up followed by a 3-wave correction. The chart shows that the price is likely near the end of the C-wave of its corrective move, suggesting a new impulsive 5-wave structure could develop in the coming months. “If this trend continues, we could see SUI reach prices above 10$ per coin,” the analyst concluded. Featured Image from Unsplash.com, Chart from TradingView.com
Two spot SUI exchange-traded funds hit the market on Wednesday, offering investors direct exposure to the token's price.
Reports of real-world trials and steady questions from advisers are giving XRP and its network fresh attention, but the story is part optimism and part early-stage testing. Related Reading: What Bitcoin Rout? Michael Saylor Unfazed, Teases New Accumulation Grayscale Investments Reports Growing Advisor Questions According to people familiar with sales desks, the firm’s teams keep hearing the same line from financial advisers: clients want to know about the token. That curiosity, while loud, does not automatically mean money is moving in large sums. Rayhaneh Sharif-Askary, who leads Product and Research at Grayscale Investments, said XRP ranks among the most talked-about crypto assets, with many investor discussions placing it just behind Bitcoin. The firm’s role is sales and research, and what gets asked about often leads product teams to track demand. Still, Reports say adviser interest is now a regular part of conversations that once focused almost entirely on Bitcoin. “Advisors are constantly asked by their clients about $XRP, and in some cases, it’s the second most talked about asset in this community behind Bitcoin.” As @Ray_scale shared during @Ripple’s XRP Community Day, advisors across the country consistently hear about $XRP from their… pic.twitter.com/ws3q1fJoZR — Grayscale (@Grayscale) February 16, 2026 Big Players Run Pilots Reports have disclosed that big names in finance and payments are running trials on the network. BlackRock and Mastercard have been linked to exploratory projects testing tokenized instruments and settlement flows. Pilots were set up to see whether on-chain liquidity and programmable money can shave steps from traditional processes. The work is at testing scale. It is not yet routine, and most of what’s public is limited to proof points. Token Demand Vs. Infra Checks XRP remains at the center of the conversation. Reports note that advisers and retail holders mention it often, and that community enthusiasm helps keep it in headlines. But supply, custody arrangements, and regulated product wrappers are the things that actually move investable capital. Meanwhile, the ledger that underpins the token is being vetted for features that large institutions find appealing. The ledger’s pace and fee profile have been looked at closely in these checks. Enterprise Features And Tokenized Funds Reports say the network includes native AMM-like mechanics, an on-ledger exchange, and trust line tools that can be adapted to compliance steps. Those features are part of why conventional firms have been willing to run pilots. Franklin Templeton and DBS took part in tokenized fund work last year, testing how regulated assets might flow on-chain with better liquidity. The results were mixed but instructive: tokenization can shorten settlement windows, yet legal and custody questions take time to solve. Related Reading: Bitcoin Should Be Flying—Instead, Quantum Risk Keeps It Grounded: Analyst Swap And Settlement Tests Gain Traction Reports note collaboration between market infrastructure teams and specialist firms to enable fund-share swaps and stablecoin rails. Securitize helped bridge traditional fund shares to on-chain representations, and Gemini was named in pilots that try converting fund exposure into a liquid on-chain form. Featured image from Klaus Vedfelt/Getty Images, chart from TradingView
The cryptocurrency's latest sell-off looks more like a retreat from growth, according to the crypto asset management firm.
The proposed "GBNB" trust would offer investors exposure to the native token of the BNB chain without having to directly own the tokens, but approval still hinges on Nasdaq’s filing.
Grayscale filed an S-1 with the SEC to convert its NEAR Trust into a spot ETF, marking the second U.S. NEAR ETF application.
Grayscale expanded its asset review list on Jan. 12, naming 27 tokens across AI, DeFi, and consumer sectors.
Grayscale has turned Ethereum’s staking yield into something ETF investors instantly recognize: a cash distribution. On Jan. 6, the Grayscale Ethereum Staking ETF (ETHE) paid around $0.083 per share, totaling $9.39 million, funded by staking rewards the fund earned on its ETH holdings and then sold for cash. The payout covered rewards generated from Oct. […]
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Several catalysts have emerged that point to a sustained upward momentum for the Dogecoin price. This comes amid DOGE’s 26% gain to begin the year, with the meme coin now looking to break above the $0.15 resistance. Factors That Could Contribute To A Sustained Dogecoin Price Rally One factor pointing to a sustained Dogecoin price rally is the recent inflows into DOGE ETFs. SoSoValue data show that Bitwise and Grayscale’s funds have recorded net inflows on two of the three trading days this year. Notably, the Dogecoin ETFs recorded inflows of $2.30 million and $1.60 million on January 2 and 5, respectively. This marked the first consecutive daily net inflows since December 3 last year. Related Reading: Analyst Says the Worst Is Over For Dogecoin, Predicts Rally To $0.8 The daily net inflows into the DOGE ETFs indicate a renewed interest among institutional investors in the meme coin, which is a positive for the Dogecoin price. DOGE could see a sustained rally if the inflows into these funds continue. Notably, Bloomberg analyst Eric Balchunas noted that a 2x Dogecoin ETF has had the best start to the year among all ETFs, up almost 40%. Furthermore, activity in the derivatives market also supports a sustained rally for the Dogecoin price. CoinGlass data shows that traders on top exchanges such as Binance and OKX are currently long. The long/short ratio on Binance is 2.06, well above 1. The long/short ratio for top traders on Binance is at 2.5, which is also a huge positive. Further data from CoinGlass also shows that the derivatives trading volume has surged over 2% to $5.60 billion. However, open interest has dropped by almost 7% to $1.78 billion, likely due to the market volatility as long positions were wiped out. DOGE Eyes Break Above $0.15 Crypto analyst ZiP stated in an X post that on the daily chart, the Dogecoin price is currently reacting to a local resistance at around $0.15. He further remarked that if the $0.15 resistance breaks, the next zone that the DOGE price may aim for is around $0.24. The analyst noted that this is where the first significant Fibonacci level, measured from the entire bearish move, is located. Meanwhile, ZiP mentioned that an additional reference point is the daily pivot at $0.1288, which he noted in the short term defines the market’s equilibrium level. Crypto analyst Trader Tarigrade revealed that the Dogecoin price has broken out of a falling wedge, showing strong upward momentum. Based on this, he predicted that DOGE is ready for a major surge, although he warned that the meme coin might retrace briefly. Related Reading: Dogecoin Price Could Rally To All-Time Highs If It Breaks This Resistance Level At the time of writing, the Dogecoin price is trading at around $0.148, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
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As institutional demand intensifies and the crypto market recovers, US spot XRP Exchange-Traded Funds (ETFs) continue to lead the sector with a 13-day streak and over $200 million in positive net flows this week, outshining Solana (SOL) ETFs, which recorded their third day of outflows in seven days. Related Reading: Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch XRP Funds Lead Crypto ETF Inflows Spot XRP exchange-traded funds have extended their record-breaking streak after registering their thirteenth consecutive day of positive net flows, with $50.27 million in inflows on December 3. The investment products have seen a remarkable performance since the launch of Canary Capital’s XRPC, the first single-token XRP spot ETF, on November 13, positioning the funds as the fastest-growing altcoin-based category. Notably, XRPC surpassed all initial expectations and debuted on Nasdaq with a total volume of $58 million, recording around $357.54 million in positive net flows in 13 days. Last week, the second group of XRP funds went live, becoming the largest US ETF launches of 2025 with over $60 million in net inflows each during their first day. Moreover, the category, led by Grayscale’s GXRP and Franklin Templeton’s XRPZ, surpassed other major ETFs in single-day inflows, including those based on the largest cryptocurrencies by market capitalization, Solana, Bitcoin (BTC), and Ether (ETH). Amid this week’s market recovery, XRP ETFs saw $89.65 million on Monday, $67.7 million the following day, and an additional $50.27 million on Wednesday, for a cumulative net inflow of $207.66 million during the first three days of December. As a result, the leading category surpassed both Bitcoin ETFs’ $52.4 million and Ethereum ETFs’ $51.3 million positive net flows, respectively, during the same three-day period. With a total of $874.28 million in inflows in 13 days, spot XRP ETFs have surpassed the $618.62 million total inflows of SOL ETFs, which held the record among the second wave of altcoin-based investment products. Solana ETFs Demand Loses Steam While XRP ETFs take the spotlight, Solana funds’ momentum has slowed, seeing their largest days of outflows this week. According to SoSovalue data, the investment products recorded $32.9 million in outflows on December 3, marking their third negative net flows day since the category debuted on October 28. Despite pulling out positive net flows, Bitwise’s BSOL, Fidelity’s FSOL, and Grayscale’s GSOL were unable to absorb 21Shares’ TSOL $41.8 million in outflows. This performance also marks the fourth negative day for TSOL over the past week. As reported by NewsBTC, Solana ETFs experienced a record performance in November despite the market correction, with $613 million in inflows during their 22 consecutive day positive streak. Related Reading: Solana Eyes Major Resistance After $140 Reclaim, But Analyst Questions SOL’s Strength However, the remarkable streak ended a week ago when TSOL registered negative net flows for the first time, and the category was unable to absorb them, recording outflows of $8.1 million. SOL-based investment products started December with outflows worth $13.5 million, which were followed by strong inflows worth $45.77 million on Tuesday. On December 3, the funds registered $32.19 million in outflows, amounting to a negative net flow of $700,000 for the first half of the week, despite the altcoin’s recent price recovery. Featured Image from Unsplash.com, Chart from TradingView.com