The U.S. SEC has acknowledged Grayscale's proposals for an XRP and Dogecoin exchange-traded fund and is asking for public comments.
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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A subsidiary of the New York Stock Exchange, on behalf of Grayscale, filed to create a spot Cardano exchange-traded fund.
The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.
The U.S. SEC asked the public to comment on a proposal for converting Grayscale's Litecoin trust into an exchange-traded product.
The asset manager said the token has transitioned from a memecoin to a tool for global financial inclusion.
A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.
Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate. The new product is called the Grayscale Bitcoin Miners ETF and is designed to track the performance of Bitcoin mining companies. The fund trades under the ticker MNRS on the New York Stock […]
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Jennifer Rosenthal is leaving Grayscale Investments to join the DeFi Education Fund, according to a statement.
A flurry of spot crypto exchange-traded fund files flooded in on Friday looking to track LTC, SOL and XRP.
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
The upcoming US presidential inauguration could be a positive catalyst, the asset manager said.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Cardano (ADA) started the year recovering the key $1 support zone, which has propelled its price to weekly highs. The bullish momentum has attracted whales, while some crypto analysts believe that ADA’s rally is around the corner. Related Reading: Crypto Trader Makes $21 Million From AI Agent Token As Sectors Faces Backlash Cardano Whales Fill Their Bags In November, Cardano surged to the $1 mark for the first time in over two years, leading the crypto market after the post-election rally. However, the cryptocurrency faced one of its largest one-day retraces amid the December corrections, losing key support and dropping below $0.8. Cardano whales took advantage of the end-of-year pullback, acquiring 160 million ADA at a discount. Despite large investors betting on ADA, some market watchers pointed out that market sentiment surrounding the cryptocurrency had turned bearish. However, ADA has experienced the New Year rally, increasing 27% in the past week, fueled by the market’s recovery and Bitcoin’s jump to the $100,000 mark. Cardano surged from its $0.84-$0.90 price range as the new year started, reclaiming the $1 mark by January 3. Since then, the cryptocurrency has moved within the $1.05-$1.11 range, recovering its levels before the December corrections. Crypto analyst Ali Martinez noted that Cardano whales have been loading their bag again, with over 10 million ADA in the last 24 hours, potentially signaling strong sentiment from large-scale investors on the cryptocurrency. Similarly, whales bought over 40 million ADA in 48 hours as Cardano’s price surged past $1. ADA Attempts Breakout As Bitcoin (BTC) held above $100,000 again, ADA’s price attempted to break from a short-term bullish pattern. According to Cardano trader Sebastian, the cryptocurrency tried breaking out of a bullish pennant after hitting the $1.15 resistance level on Tuesday morning. Moreover, Sebastian noted that ADA was “trying to flip a very important resistance area into support on the ADA/BTC chart.” Per the chart, this horizontal level was a key resistance level that led to the early 2024 highs after being turned into support. “A breakout to the upside from here could really send ADA to the bull market doors,” the investor noted. Crypto analyst Dan Gambardello, founder of Crypto Capital Venture, shared a bullish outlook for Cardano’s future price action after Grayscale added the cryptocurrency to its Digital Large Cap Fund (GDLC). As reported by NewsBTC, Grayscale liquidated all its ADA holdings from GDLC in April, which accounted for 1.62% of the fund’s portfolio. This move saw Cardano’s price drop by 12% and received heavy criticism for its “lacking” performance. After yesterday’s news, Gambardello claimed that “the ADA wave is coming.” Related Reading: Shiba Inu Builds Momentum: ‘Monster’ Price Move Coming—Analyst Nonetheless, Cardano’s rally has been momentarily halted as BTC’s latest price drop dragged ADA and the rest of the market down. Bitcoin just saw a sharp 4% drop to the $97,000 support zone, sending ADA 8% down. The cryptocurrency dipped from the $1.11 mark to the $1.02 range before recovering. Despite the drop, Cardano remains above the key support zone and above December correction levels, showing green numbers in most mid and long-term timeframes. As of this writing, ADA is trading at $1.03, a 5.8% decrease in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
While the spot Bitcoin ETFs smashed industry expectations in 2024, the products finished poorly with outflows in six of the last eight trading days.
On Thursday, as the broader cryptocurrency market showed signs of recovery, Solana (SOL), one of the leading altcoins, surged past the $200 mark, reflecting an 8% increase over the past 24 hours. This upward momentum brings the sixth-largest cryptocurrency by market capitalization closer to its all-time high achieved in November 2024. However, market experts caution that Solana may face significant pressure in the coming days. A Double-Edged Sword For Solana Investors Ben Lilly, a market analyst at Jarvis Labs, recently highlighted potential risks tied to the “Grayscale Effect.” In a social media post, he warned that the upcoming Grayscale SOL tokens unlock could create substantial selling pressure on the altcoin. Related Reading: Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Grayscale, a prominent digital asset management company, enforces a policy to protect assets for 12 months following acquisition. As the two major unlocking periods near—January 24 to February 2 and July 24 to August 7—Lilly warns that investors should stay alert. The mechanics of the Grayscale Trust are similar to those seen in the past with the Grayscale Bitcoin Trust (GBTC). In that case, investors would purchase Bitcoin (BTC) through Grayscale, which would hold the assets for a period before issuing shares. This created a premium, where the shares traded at a higher price than the actual Bitcoin price, leading to significant market rallies. However, when that premium disappeared, it marked the peak of the market in 2021, resulting in a cascade of failures for firms like Three Arrows Capital, BlockFi, Celsius, and Voyager. Potential Price Drop Ahead For SOL’s Price Lilly points out that Grayscale is now executing a comparable strategy with Solana, and the upcoming unlocks could mirror the past volatility seen in the crypto market. The analyst notes that previous large purchases of SOL tokens saw private placements unlocked from late July 2024, during which the price dropped by 40% in just ten days. The concern is that the same trend may emerge with the January 2025 unlocks, potentially leading to a significant sell-off. The analysis suggests that when investors who benefited from the premium in the past go to sell their holdings, they may flood the market, creating downward pressure on the SOL price. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details Lilly recommends that Solana holders consider selling in advance of the January 24 unlock date, as this could mark a critical turning point for the asset. While the Grayscale Trust for Solana is relatively small compared to the overall market cap of SOL, the potential impact on price cannot be overlooked. According to Lilly’s analysis, historical trends indicate that even small unlocks can significantly influence market behavior. He reassures that while the upcoming sell pressure may not lead to catastrophic losses, it could result in local tops and a decrease in premiums. As of this writing, SOL is priced at $205, decreasing slightly more than 20% from its peak of $263 attained on November 24 last year. Featured image from DALL-E, chart from TradingView.com
The asset manager has added tokens including HYPE, VIRTUAL, ENA and JITO to its list of the top 20 tokens to watch.
Grayscale Investments has published its quarterly review, unveiling its top 20 crypto assets for Q1 2025. Each quarter, the Grayscale Research team evaluates “hundreds of digital assets” to guide the rebalancing of the FTSE/Grayscale Crypto Sectors family of indexes. In the words of the research note, “Our approach incorporates a range of factors, including network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.” The newest additions to the top 20 list are guided by three main market themes that Grayscale believes will shape the coming months: the US election and potential regulatory implications, rapid developments in decentralized AI, and the expanding Solana ecosystem. Related Reading: 2025 Crypto Forecast: Four-Year Cycle Points To Peak In Q2/Q4, Expert Advises Caution While Bitcoin, Ethereum, Solana, Chainlink, Uniswap, SushiSwap, Aave, Bittensor, Optimism, Lido DAO, Helium, Arweave, Aerodrome and Akash Network remain on the the list, six new altcoins were added compared to the previous quarter. “We are adding the following six assets to our Top 20 list for Q1 2025,” the report states, emphasizing each project’s notable alignment with one or more of the aforementioned themes. Best (New) Crypto Assets For Q1 2025 Hyperliquid (HYPE): A Layer 1 blockchain geared toward on-chain financial applications, Hyperliquid’s flagship product is a decentralized exchange (DEX) for perpetual futures. Built around a fully on-chain order book, HYPE seeks to capture the growing demand for advanced derivatives trading in a decentralized environment. Notably, HYPE has seen a meteoric rise over the past weeks, already claiming rank #19 on the list of the largest cryptocurrencies by market cap. Ethena (ENA): Ethena protocol has introduced a novel stablecoin, USDe, backed by hedged positions in Bitcoin and Ether. As Grayscale explains, “Specifically, the protocol holds long positions in Bitcoin and Ether and short positions in perpetual futures contracts on the same assets.” A staked version of the token leverages the pricing differential between spot and futures markets, potentially offering a unique yield profile for participants. Virtual Protocol (VIRTUAL): Operating on Base, an Ethereum Layer 2 network, Virtual Protocol enables the creation of AI agents designed to function autonomously. “These AI agents are designed to perform tasks autonomously, mimicking human decision-making,” Grayscale notes. The platform further allows for co-ownership of these agents via tokenization, bridging AI capabilities with blockchain infrastructure. Related Reading: Expert Reveals Top 15 Crypto Predictions For 2025 You Need To Know Jupiter (JUP): Jupiter has emerged as a leading DEX aggregator on Solana, recording the highest total value locked (TVL) among all Solana applications. With Solana’s user base broadening and speculation intensifying around memecoins and AI agent tokens, “we believe Jupiter is well positioned to capitalize on this growing market activity,” states the report. Jito (JTO): Jito is a liquid staking protocol on Solana that has demonstrated strong adoption over the past year. Notably, Grayscale highlights the project’s substantial earnings: “Jito has experienced substantial growth in adoption over the past year and offers one of the best financial profiles in all of crypto, generating over $550mn in 2024 fee revenue.” Grass (GRASS): Grass rewards users for sharing unused internet bandwidth via a Chrome extension. “This bandwidth is used to scrape online data, which is then sold to AI companies and developers for training machine learning models,” according to Grayscale. The project monetizes web scraping by redistributing rewards to users who contribute their idle bandwidth. Furthermore, Grayscale notes that it continues to be “excited about themes from previous quarters such as Ethereum scaling solutions, tokenization, and decentralized physical infrastructure (DePIN).” Examples of these established themes include Optimism, Chainlink, and Helium, which remain in the Top 20 due to their alignment with scaling, tokenization, and DePIN use cases, respectively. Notably, six assets—NEAR, Stacks, Maker CELO, UMA, and TON—have been rotated out of the Top 20 list this quarter. “Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” Grayscale notes. At press time, HYPE traded at $29.45. Featured image created with DALL.E, chart from TradingView.com
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December 16 alone. Related Reading: Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say Breaking it down by weekly inflows, the week ending December 13 saw net inflows of $854.85 million, closely followed by $836.69 million during the week ending December 6. Moreover, the total net assets held by Ethereum ETFs have climbed to $14.28 billion, which represents approximately 2.93% of ETH’s total circulating supply. Grayscale’s Ethereum Trust (ETHE) ranks as the largest holder with $5.87 billion in net assets, followed by Blackrock’s iShares Ethereum Trust (ETHA) with $4.02 billion. These strong inflows into Ethereum ETFs have bolstered bullish sentiment, with Ethereum bulls anticipating a possible rally to a new ATH for the second-largest cryptocurrency by market cap. Crypto analyst Momin Saqib took X to share his thoughts on ETH price action. The analyst noted that ETH looks poised to break through the local highs of the $4,000 range and is eyeing the $4,500 price level. He added: Ethereum inflows have been coming in non-stop for the last few weeks! After seeing $BTC at $107K…. I think institutions don’t have much options left to bet on higher upside of crypto industry! Higher! Looking at Ethereum’s weekly chart, the digital asset has made four significant attempts to break through the $4,000 resistance level. While it briefly surpassed this level during its second attempt, creating its current ATH of $4,878, it ultimately proved to be a false breakout, followed by a prolonged bear market over the next two years. Analyst Rekt Capital noted that ETH’s post-breakout retest of the $3,100 price level was successful, propelling the cryptocurrency back into the $4,000 zone. They highlighted that ETH has held above the $4,000 zone as support for the second consecutive week, a key development that could pave the way for further upward momentum. Despite The Potential Upside, ETH Traders Remain Cautious While strengthening fundamentals, bullish technical indicators, and persistent ETF inflows paint a positive picture for Ethereum, some analysts remain cautiously optimistic about ETH’s short-term price action. Related Reading: Ethereum Crosses $3,800: Is The ‘God Candle’ Nearing? Analysts Weigh In For instance, analyst CryptoBullet emphasized that ETH may see a quick wick to $3,700 before rebounding. The analyst added that ETH’s ability to hold above key resistance levels indicates its strong bullish momentum. Another factor potentially dampening short-term optimism is Justin Sun, founder of Tron (TRX), who recently unstaked $208 million worth of ETH from Lido Finance. This move has raised concerns about potential selling pressure. ETH trades at $3,947 at press time, down 0.2% in the past 24 hours. Featured image from Unsplash, Charts from SoSoValue, X and TradingView.com
Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
The new funds add to Grayscale's expanding suite of single-asset crypto products.
Sonnenshein joined Securitize nearly seven months after leaving Grayscale.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.
US spot Bitcoin ETFs now collectively hold more Bitcoin than is estimated to be held by the anonymous Bitcoin creator, Satoshi Nakamoto.
Grayscale’s cryptocurrency gains are another sign of an incoming altcoin season, which may lead to an XRP rally of $2.57 before the end of 2024.
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.
Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.
The US-based spot Ethereum ETFs have continued to experience a high market interest following Donald Trump’s emergence as the next US President. As institutional investors continue to position themselves for a massive crypto bull run, these Ethereum ETFs have now registered over $500 million in weekly inflows for the first time since their trading debut in July. Meanwhile, the spot Bitcoin ETFs maintain a splendid performance, closing another week with over $1 billion in inflows. Related Reading: Ethereum ETFs Record Largest Inflows Since August Amid ETH’s Rally To $2,900 Spot Ethereum ETFs Notch Up $515M Inflows To Extend 3-Week Streak According to data from ETF aggregator site SoSoValue, the spot Ethereum ETFs attracted $515.17 million between November 9-November 15 to establish a new record weekly inflows, as they achieved a 3-week positive inflow streak for the first time ever. During this period, these funds also registered their largest daily inflows ever, recording $295.48 million in investments on November 11. Of the total market gains in the specified trading week, $287.06 million were directed to BlackRock’s ETHA, allowing the billion-dollar ETF to strengthen its market grip with $1.72 billion in cumulative net inflow. Meanwhile, Fidelity’s FETH remained a strong market favorite with $197.75 million in inflows, as its net assets climbed to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW also accounted for weighty investments valued at $78.19 million and $45.54 million, respectively. Other ETFs such as VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH experienced some significant inflows but of no more than $3.5 million. With no surprise, Grayscale’s ETHE continues to bleed with $101.02 million recorded in outflows, albeit retains its position as the largest Ethereum ETF with $4.74 billion in AUM. In general, the total net assets of the spot Ethereum ETFs also decreased by 1.2% to $9.15 billion representing 2.46% of the Ethereum market cap. Related Reading: Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details Spot Bitcoin ETFs Remain Buoyant With $1.67B Inflows In other news, the spot Bitcoin ETFs market recorded $1.67 billion in the past week to continue its stunning performance of Q4 2024. While the Bitcoin ETFs saw notable daily outflows of over $770 million at the week’s end, earlier weighted inflows of $2.43 billion proved quite significant in maintaining the market’s green momentum. BlackRock’s IBIT, which ranks as the market leader and the best-performing crypto spot ETF, now boasts over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the total net assets of the spot Bitcoin ETF returned to above $95 billion, capturing 5.27% of the Bitcoin market. At the time of writing, Bitcoin trades at $90,175 with Ethereum hovering around $3,097. Featured image from FXTM, chart from Tradingview.com