Tag: ETF

Canary Capital adds SUI to crypto ETF filings

Canary Capital has added layer-1 blockchain token Sui to its list of potential ETFs. Canary Capital reportedly filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking layer-1 cryptocurrency Sui. (SUI). The S-1 filing, also called registration of securities, came after Canary registered a Sui trust in Delaware on March 7 ahead of formal paperwork submitted to the SEC. A potential spot SUI ETF expands the firm’s existing basket of bids for crypto products on Wall Street. Canaray Capital…

Hashdex amends S-1 for crypto index ETF, adds seven altcoins

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Asset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing.  The revision proposes adding seven specific altcoins to the index ETF — Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether. Previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in…

Bitcoin Spot ETF Exodus Continues: $900 Million Outflows Extend Losing Streak

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Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelming net outflows with investors pulling over $900 million from the market. This development marks the fifth consecutive week of redemptions indicating weak market confidence among institutional investors of the premier cryptocurrency. Bitcoin Institutional Investors Withdraw For The Fifth Straight Week After a strong start to the year which saw the Bitcoin ETFs attract over $5 billion in investments, institutional investors have shown much caution in recent weeks indicated by massive withdrawals. According to data…

Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts

Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release. The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC)…

VanEck files for AVAX ETF

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Global investment manager VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) seeking to offer investors direct exposure to the smart contract platform.  A snippet of the S-1 filing was shared on social media on March 14 by Bloomberg analyst James Seyffart, who has been closely monitoring developments in the crypto ETF industry. Source: James Seyffart The proposed VanEck Avalanche ETF intends to “reflect the performance of the price of “AVAX,” the native token of the Avalanche network, less the expenses…

‘First-of-Its-Kind’ ETF Focuses on Bitcoin-Linked Corporate Bonds

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Retail investors can now access bitcoin-backed corporate bonds through a groundbreaking ETF, offering exposure to companies using convertible debt to integrate bitcoin into their financial strategy. Nasdaq-Listed ETF Offers Bitcoin Corporate Debt Exposure REX Shares announced on March 14 the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF (Nasdaq: BMAX), a new investment […] Original

REX launches ETF for Bitcoin corporate treasury bonds

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REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin (BTC) in their corporate treasury, according to a company release. Convertible bonds are a type of debt that can be converted into company shares under certain conditions. Some companies use these bonds to raise money and buy Bitcoin for their balance sheets. The strategy gained attention after Michael Saylor, now Chairman of Strategy (formerly MicroStrategy), used it to accumulate Bitcoin. BMAX simplifies…

REX Shares launches first-ever Bitcoin corporate treasury convertible bond ETF

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REX Shares has launched a new, first of its kind exchange-traded fund focused on convertible bonds from companies incorporating Bitcoin into their treasury. REX Shares, an asset management firm specializing in investment products and funds, has just launched Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, which allows retail investors to invest in convertible bonds issued by companies that are buying Bitcoin (BTC) for their corporate treasuries (like Michael Saylor’s Strategy). “Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to…

Spot Bitcoin ETF Bloodbath Starts Again, BTC Demand Seems Stuck

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Key Notes Spot BTC ETFs recorded $143.3 million in outflows. Fidelity’s FBTC leads the charts with an outflow of $75.5 million. CryptoQuant CEO says the demand for Bitcoin is stuck . The short-lived spot Bitcoin BTC $85 322 24h volatility: 1.8% Market cap: $1.69 T Vol. 24h: $38.70 B ETF inflows came to an end as the leading cryptocurrency slips below the $80,000 mark.  Spot BTC ETFs in the US recorded a net outflow of $143.3 million on March 13, ending the one-day $13.3 million inflows of March 12, according…