While the submission of an S-1 filing is the first step in introducing a fund, the document is basically meaningless if it isn’t followed by another filing, called the 19b-4, which is required to signal a requisite rule change at the stock exchange seeking to list the investment Source
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management. Source
Wealth manager Bitwise has registered a Delaware Trust for a fund that would track Ripple’s native cryptocurrency, XRP. Bitwise, a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund issuer has filed for an XRP (XRP) ETF in the state of Delaware as the firm looks to expand its crypto offerings. The next step for a potential Bitwise XRP trust would likely involve a registration application with the U.S. Securities and Exchange Commission. Considering previous crypto ETF bids, Bitwise may be heading toward a lengthy regulatory process involving a proposed rule change…
The firm registered a trust entity in the state of Delaware on Tuesday, which appeared on the state’s Division of Corporations website. Registering a trust entity is a first step toward filing to list and trade shares of an ETF; companies like Bitwise, Blackrock and Fidelity all filed trust entities for bitcoin (BTC) and Ethereum’s ether (ETH) ahead of filing for ETFs following those tokens. Source
Bitcoin ETFs saw record inflows as miners expanded operations — analysts from H.C. Wainwright link a BTC rally to easing global monetary policies. According to H.C. Wainwright’s latest report shared with crypto.news, Bitcoin (BTC) closed the week ending September 29 with a 3.2% rise, hitting $65,618. This contrasts with its usual trend, as September is typically a weak month for BTC. Historically, September has seen an average 3.7% drop, but this year’s gains suggest a shift. Analysts at the firm link this unusual rise to global central banks easing monetary…
A new leveraged MicroStrategy ETF is firing on all cylinders as its assets jump and its stock soars to a record high. The T-REX 2X Long MSTR Daily Target ETF has added over $82 million in assets just a week after its launch. According to Eric Balchunas, Bloomberg’s head of ETFs, these inflows place it in the top twenty of all 515 funds launched this year. The fund, whose ticker is MSTU, has outperformed the Defiance Daily Target 1.75X Long MSTR ETF, which launched in August. This is wild, the…
Este artículo también está disponible en español. Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Related Reading Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million on…
A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises traders returns of 175% of the daily percentage change in the share price of MSTR. MSTX went live on Aug. 15 and has so far taken in roughly $857 million, according to data from Bloomberg Intelligence senior ETF analyst Eric Balchunas, putting it in the top 8% of launches this year. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source