WisdomTree officially files S-1 for spot XRP ETF

December 2, 2024 Coin Telegraph

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Spot Bitcoin ETF provider WisdomTree became the fourth firm in the US to submit a Form S-1 filing with the SEC for a spot XRP ETF.

WisdomTree, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the United States in January, has filed to launch a spot ETF backed by XRP.

On Dec. 2, WisdomTree became the fourth company in the US to submit a Form S-1 filing for a spot XRP (XRP) ETF with the US Securities and Exchange Commission.

XRP ETF observation from Bloomberg ETF analyst Eric Balchunas. Source: Eric Balchunas/Eleanor Terret

21shares Launches 4 New Exchange Traded Products

November 29, 2024 Bitcoin.com

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21shares announced the launch of 4 new exchange-traded products (ETPs) focused on oracles, tokenization, decentralized computing, and artificial intelligence. New ETPs for Retail Investors 21shares, a provider of cryptocurrency exchange-traded products (ETPs) has expanded its portfolio with the launch of four innovative ETPs targeting high-growth sectors in blockchain and crypto technology. These new products focus […]

21Shares Launches Four New Crypto ETPs for ONDO, PYTH, RENDER and NEAR

November 27, 2024 The Daily Hodl

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Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets. In a new thread on the social media platform X, the world’s largest ETP provider says it is launching ETPs for oracle provider Pyth (PYTH), decentralized graphics processing protocol Render (RENDER), real-world assets-focused Ondo Finance (ONDO), and layer-one blockchain […]

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Ethereum is like ‘Amazon in the 1990s’ — 21Shares

November 4, 2024 Coin Telegraph

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“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.

Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.

Spot Ether (ETH) exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin (BTC) ETFs.

Leena ElDeeb, Research Analyst at 21Shares, told Cointelegraph that large inflows into ETH ETFs will happen only when Ethereum’s potential is understood.

Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank

October 25, 2024 Coin Telegraph

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Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022.

Fears that Ethereum layer-2 scaling solutions are eating into the mainnet’s revenue and could impact prices may be premature, according to a crypto bank analyst.

“It is much too early to tell whether Ethereum[‘s] strategy of scaling through layer 2s is cannibalistic or will lead to net growth,” Katalin Tischhauser, head of research at Sygnum Bank told Cointelegraph in a recent interview.

Tischhauser’s use of “cannibalistic” refers to layer 2s taking “business” away from the Ethereum mainnet — which has contributed to a substantial fall in Ethereum fees over the last few years.

21Shares Calls on EU for Regulatory Clarity To ‘Unlock Crypto Opportunities’ in ETPs

October 8, 2024 The Daily Hodl

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Crypto exchange-traded product (ETP) giant 21Shares is announcing that it’s pushing European authorities for a more complete regulatory framework. According to a new announcement from 21Shares, the firm is asking the European Securities and Markets Authority (ESMA) to set aside a regulatory framework for crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) […]

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21Shares urges EU to change ‘inconsistent’ crypto ETP rules

October 8, 2024 Coin Telegraph

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The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations.

Crypto exchange-traded product (ETP) issuer 21Shares has pushed for European Union regulators to create a unified regulatory framework for the inclusion of crypto in investment products.

On Oct. 7, 21Shares urged the European Securities and Markets Authority (ESMA) to adjust its rule to include crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds designed for retail investors, such as ETPs and exchange-traded funds (ETFs).

Current EU regulations for including crypto in these types of funds are inconsistent and vary across countries, causing confusion and inconsistencies for investors, 21Shares claimed.

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says

October 5, 2024 Bitcoin.com

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A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]

Past rate cuts indicate potential crypto bull market catalyst — 21Shares

August 23, 2024 Coin Telegraph

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The Federal Reserve is expected to begin lowering its benchmark interest rate in September.

Speaking at the annual Jackson Hole Symposium, Federal Reserve Chairman Jerome Powell sent his strongest signal yet that interest rate cuts are on the immediate horizon. The price of Bitcoin (BTC) rallied past $63,000 on the news, and analysts think further gains are expected when the Fed begins cutting rates.

Leena ElDeeb, a researcher at exchange-traded product issuer 21Shares, explained that previous interest rate cuts were good for the price appreciation of digital assets, as investors with cheaper access to loans take invest in risk-on asset classes. In a statement to Cointelegraph, the analyst gave a specific example of a previous rate cut at the beginning of the Covid-19 pandemic:

ElDeeb qualified her statements by explaining that while past performance is not a guarantee of future results, the March 2020 interest rate cuts could provide a benchmark to compare the likely effects of the impending rate cut on crypto markets.

21shares’ Toncoin ETP Reaches Over $100 Million in Assets Under Management

August 16, 2024 Bitcoin.com

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21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $3 billion for its customers, celebrated the milestone of its Toncoin Staking ETP reaching over $100 million in assets under management (AUM). The product has become the most popular TON tracking option […]

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