Tag: ETF

Bitwise submits XRP ETF bid with SEC 

Bitwise has taken another step toward an XRP ETF with a formal Securities and Exchange Commission filing. On Oct. 2, crypto index fund manager Bitwise submitted a Form S-1 document with the U.S. SEC for an XRP exchange-traded fund, according to the regulator’s official website. A press statement from the company confirmed the filing, and Bitwise CEO Hunter Horsley said an XRP ETF would improve opportunity access for more crypto investors. At Bitwise, we believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century.…

Bitwise’s Spot XRP ETF Registration Statement Unveiled, Price Falls 7%

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Este artículo también está disponible en español. Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.  XRP ETF Applications Gain Momentum Despite this initial step, the road to approval is fraught with challenges. No XRP ETF is guaranteed to meet the SEC’s regulatory standards.  Related Reading Recent reports indicate that applications for…

Grayscale ETF Revenue Outranks Rivals despite Outflow, Here’s Why

Key Notes Grayscale is the worst performing Bitcoin ETF per total outflow. Despite this, the product has a higher revenue margin than BlackRock. Its high fees account for this disparity. Grayscale Investments, one of the industry’s largest digital asset managers, has faced significant challenges since converting its flagship product, the GBTC into spot ETF. A staggering drop in Assets Under Management (AUM) at GBTC has been recorded due to aggressive investor capital outflows.  Despite this decline, Grayscale continues to generate substantial revenue, largely due to the high fees attached to…

Bitwise files XRP ETF in Delaware 

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…

Bitwise Takes a Step Toward XRP ETF

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 ETF inflows surge over $1b last week, miners see rally

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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…

The newly launched MSTU ETF is firing on all cylinders

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…