Crypto may soon witness a significant expansion in exchange-traded fund (ETF) offerings. Industry expert Nate Geraci has forecasted a potential uptick in spot crypto ETF filings this week involving major digital assets such as Ripple (XRP), Solana (SOL), and Cardano (ADA). A Strategic Moment for Issuers In a November 11 post on X, the ETF…
Grayscale Investments has filed a request with the U.S. Securities and Exchange Commission (SEC) to convert its mixed-crypto fund into an exchange-traded fund (ETF). This development comes as Canary Capital makes plans for a spot Litecoin ETF. Grayscale’s New ETF Currently trading over the counter, Grayscale’s Digital Large Cap Fund (GDLC) has $524 million in…
South Korea is forming a 15-member public-private committee to address issues in the virtual asset market and explore cryptocurrency legislation. The committee will include government officials and representatives from the legal profession, academia, and the virtual asset industry. One of its key roles will be to evaluate South Korea’s plans for spot cryptocurrency ETFs and…
TL;DR An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT). Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light. The Potential Price Targets Ever since the launch of exchange-traded funds (ETFs) in the…
A study titled “ETFs and Beyond,” released on Oct. 10 by investment giant Charles Schwab, revealed that almost half of the respondents said they plan to invest in crypto ETFs. The survey of 2,200 investors, which was fielded from July 2nd to July 20, revealed that 45% of ETF investors were interested in crypto products. However,…
South Korean law firm IPG Legal clarified that during divorce proceedings, cryptocurrency holdings will be divided as marital assets under the country’s civil law. South Korea’s Financial Services Commission (FSC) is reviewing the ban on cryptocurrency exchange-traded funds (ETFs), signaling a potential shift in its regulatory stance. As per the latest developments, South Korean law…
On Oct. 8, ETF issuer Canary Capital filed with the US Securities and Exchange Commission for an exchange-traded product for Ripple’s XRP. It is the second filing for an XRP-based fund in a fortnight, following Bitwise’s application for the Bitwise XRP ETF trust on Sept. 30. The firm stated that the product would track XRP’s…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitwise Asset Management has announced plans to convert its three existing cryptocurrency futures ETFs. According to a press release, these ETFs will shift from their current long-only strategies to a dynamic approach that rotates between cryptocurrency and U.S. Treasuries based on market conditions. Bitwise to Implement Trendwise Rotation Strategy…
Crypto asset manager Bitwise has officially filed for an XRP exchange-traded fund (ETF) in Delaware. It marks a major step in the push toward institutional-level investment in Ripple’s native cryptocurrency. Bitwise CIO Says Filing is Genuine Fox Business reporter Eleanor Terrett took to X on October 1 to break the news that Bitwise had registered…
Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules. The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country. Review to Evaluate Investor Protection The news was first reported by Bloomberg, which quoted an…
September 29, 2024 at 07:23 AM GST updated: September 28, 2024 at 07:41 PM 3 mins read News iShares Bitcoin Trust leads the market with $21.3 billion AUM and a low 0.03% bid-ask spread. Grayscale’s ETHE ETF, with $4.2B in AUM, offers Ethereum exposure but with a high 2.5% fee. ProShares BITO provides income generation…
Cryptocurrencies as digital assets have attracted many investors due to their promising potential. Besides serving the functions of fiat currency, that is, enabling anyone to send and receive payment, crypto assets have other uses. They can also be traded, and the funds can be stored in digital wallets. These wallets allow investors to keep their…
September 2, 2024 at 06:00 PM GST updated: September 2, 2024 at 10:02 AM 3 mins read Press Release ETFSwap (ETFS), an emerging crypto project focused on tokenized ETFs, is battling Uniswap (UNI) for supremacy. Various market experts and analysts have surmised that ETFSwap (ETFS) could have greater potential than Uniswap (UNI) due to its…