Bitcoin ETFs continue to break records as investor interest in the cryptocurrency soars. The market cap of BTC ETFs has reached a new all-time high of $67.3 billion, fueled by a record-breaking $2.1 billion in weekly inflows. This milestone highlights the growing institutional adoption of the crypto asset and the ... Read more
Canary Capital, an investment firm officially filed for an XRP ETF, marking the second major filing following Bitwise’s recent ETF application. This surge in interest reflects mounting anticipation for broader regulatory acceptance of cryptocurrency exchange-traded funds, especially those focusing on the token. On October 8, 2024, Canary officially filed a ... Read more
Bitwise Invest, a leading asset manager, has applied to an XRP exchange-traded fund (ETF). The filing was made on Sept. 30, 2024, via CSC Delaware Trust Company, which is entrusted to represent their interests in the application process. The strategic move is part of the firm’s broader strategy to expose ... Read more
Solana ETF hopes were dashed after the U.S. SEC held a closed-door meeting with ETF issuers about whether the token might be classified as a security. Following discussions, CBOE decided not to submit the relevant 19b-4 form to avoid initiating the approval process. While VanEck’s S-1 registration statement for the ... Read more
Solana’s price has exhibited sharp fluctuations throughout 2024. These dramatic price spikes and crashes are mostly attributed to stagnant stablecoin liquidity since April 2024. However, recent data suggests potential shifts in this trend. Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar and are ... Read more
Australia’s Bitcoin ETF, IBTC broke a new record achieving its highest single-day volume day on the 5th of August. A staggering 136.88k units worth AUD 1.16 million were exchanged, marking a significant milestone for the fund. Proponents of Bitcoin have hailed this achievement calling it a testament to the growing ... Read more
