Tag: ETF

REX-Osprey files for MOVE ETF

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Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement.  The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.  It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.”  “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” Cooper Scanlon, Movement Labs’ co-founder, said in a statement. …

ETF Weekly Recap: Four Consecutive Weeks of Outflows for Bitcoin ETFs With Another $799M Exit

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Bitcoin ETFs experienced a net weekly outflow of $799 million, marking the fourth consecutive week of outflows. Ether ETFs also faced challenges, recording a net outflow of $120 million. Crypto ETFs Continue to Experience Significant Outflows In the week spanning Mar. 3 to Mar. 7, bitcoin and ether ETFs experienced significant net outflows, reflecting a […] Original

Rex Shares, Osprey Funds File for MOVE ETF

Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks’ MOVE. The Ethereum layer-2 network’s mainnet, which is built using MoveVM, is expected to launch on Monday. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments, using a mix of direct holdings and derivatives, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). Rex Shares, an ETF issuer, has in the past filed to launch funds…

US Bitcoin reserve prompts $370 million in ETF outflows: Farside

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Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors.  The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created a national Bitcoin reserve but didn’t instruct the government to buy Bitcoin — disappointed traders.  “While [Trump’s executive order] acknowledges crypto’s role in global finance, the lack of fresh purchases disappointed markets,” Alvin Kan, chief…

Bitcoin struggles near $90K as US tariff fears spook ETF investors

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Bitcoin’s recent rally above the key psychological threshold of $90,000 proved short-lived, with analysts pointing to ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets. Bitcoin (BTC) staged a near 10% recovery to above $95,000 on March 2 before forming a double-top chart pattern around $94,200 on the daily chart, a setup that indicates an imminent price decline. Bitcoin bottomed at around $81,400 the following day and has since been struggling to remain above the $90,000 mark, TradingView data shows. BTC/USD, 1-day chart, double top. Source:…

Bitwise files Aptos ETF with US SEC

Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges. Wealth manager Bitwise has submitted registration of securities, or S-1 form, at the U.S. Securities and Exchange Commission to list and trade shares for a spot Aptos (APT) exchange-traded fund. The Bitwise filing followed last week’s Delaware registration for an entity dubbed the “Bitwise Aptos ETF”. Aptos crypto’s 36th biggest token by market capitalization, worth over $3.8 billion and provide layer-1 blockchain technology to thousands of users and developers. Bitwise tapped…

Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency

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Crypto asset manager Bitwise has filed to list a spot Aptos exchange-traded fund in the US — a token created by a team led by two former Facebook (now Meta) employees in 2022. Bitwise filed an S-1 registration statement to list the Bitwise Aptos (APT) ETF on March 5, eight days after Bitwise indicated it would make such a filing when it registered a trust linked to the Aptos ETF in Delaware on Feb. 28. The Aptos filing adds to the list of altcoins currently in the line to win…

Canary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar (AXL)

Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge fund has previously filed paperwork for several other ETFs. Some of these have already been acknowledged by the Commission and await approval. “Axelar has one of the best dev teams in blockchain. Most viable protocols work…

South Korea inches closer to Bitcoin ETF decision, looks to Japan as example

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South Korea is growing closer to a decision on Bitcoin (BTC) exchange-traded funds (ETFs), according to a report from local publication Maeil Business Newspaper (MK). In its report, MK says the South Korean government is looking to Japan as an example, as the island nation has been skeptical of digital assets in the past but may be changing its tone. The Financial Supervisory Service, South Korea’s financial regulator, reportedly examined the Japan Financial Services Agency’s legislative trend toward digital assets and shared it with related institutions in South Korea. Nikkei,…

BlackRock’s BTC ETF (IBIT) Registers Highest Trading Volume in 3 Months

Last week, prices for BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund’s price dipped below the January support of $50.69, eventually sliding to $46.07, the lowest since early November. That might be a disappointment development for the bulls. For decades, one of the cardinal rules in the market has been that price movements must be validated…