Canary Capital Files SEC Registration for XRP ETF

October 9, 2024 Bitcoin.com

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Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms. Canary […]

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Bitcoin follows ‘perfect script’ charting $150K+ all-time high this cycle — Analyst

October 8, 2024 Coin Telegraph

Bitcoin follows ‘perfect script’ charting 0K+ all-time high this cycle — Analyst

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A veteran trader says Bitcoin is following a “perfect script” that terminates with a potential $150,000 cycle high.

Bitcoin (BTC) price is consolidating below its 2021 all-time high of $69,000, and independent trader Bob Loukas believes that the price is entering an “explosive” period of its four-year cycle.

“Bitcoin closes the 2nd year of its 4-year cycle next month, entering the 3rd and historically explosive year of the Cycle,” Loukas noted in an Oct. 8 post on X.

Loukas uses a four-year cycle to identify tops and bottoms in the Bitcoin market. The historical similarities could help investors identify when the market peaks in the current cycle.

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

October 8, 2024 Coin Telegraph

21shares

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.

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JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold

October 8, 2024 Bitcoin.com

Bitcoin

JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in […]

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Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund

October 5, 2024 Bitcoin.com

Bitcoin

Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, […]

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Bitwise Continues SEC Filing Spree With Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC)

October 4, 2024 The Daily Hodl

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$4.5 billion crypto asset manager Bitwise is filing for its second crypto exchange-traded fund (ETF) this week. According to the U.S. Securities and Exchange Commission (SEC), Bitwise filed a Form N-1A for a new product called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) earlier today. A Form N-1A is a required registration […]

The post Bitwise Continues SEC Filing Spree With Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) appeared first on The Daily Hodl.

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BlackRock Digital Assets Head Says Firm’s Ethereum ETF ‘Underwhelming’ Compared to Bitcoin Product: Report

October 2, 2024 The Daily Hodl

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The head of digital assets at BlackRock, Robert Mitchnick, is reportedly saying that the spot Ethereum (ETH) exchange-traded fund (ETF) launched earlier this year by the global investment giant has attracted a lower volume of inflows relative to a similar Bitcoin (BTC) product. The business publication Fortune cites Mitchnick saying that inflows into BlackRock’s iShares […]

The post BlackRock Digital Assets Head Says Firm’s Ethereum ETF ‘Underwhelming’ Compared to Bitcoin Product: Report appeared first on The Daily Hodl.

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Asset Management Firm Bitwise Files for Spot XRP ETF

October 1, 2024 Bitcoin.com

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Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse’s positive outlook on the future of XRP ETFs. Bitwise’s Move Toward an XRP […]

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Bitwise has filed an XRP ETF

October 1, 2024 Coin Telegraph

Bitwise

The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.

An application for a Bitwise XRP exchange-traded fund (ETF) has appeared on the State of Delaware’s Division of Corporations website. Cointelegraph independently confirmed the filing with a Bitwise spokesperson.

According to the filing, the Bitwise XRP ETF was incorporated on Sept. 30, 2024. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.

The application comes just a few months after Ripple’s CEO, Brad Garlinghouse, hinted about the upcoming financial product, describing an XRP ETF as “inevitable” following the launch of Bitcoin and Ether ETFs in the United States.

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3 signs that Bitcoin price is not ready to make a new all-time high

September 29, 2024 Coin Telegraph

ATH

China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.

Bitcoin (BTC) closed at its highest level in two months on Sept. 28 and is currently approaching the $66,000 mark. This movement followed gains in the S&P 500 index, which reached an all-time high on Sept. 26, fueled by robust economic indicators and measures aimed at boosting markets and investor confidence in China. However, several metrics indicate that Bitcoin is far from entering a bull market.

Bitcoin/USD (right) vs. S&P 500 futures (left). Source: TradingView

Investors could be skeptical due to previous rejections at $70,000 or fearing that a potential recession is underway, which would negatively impact risk-on markets, including cryptocurrencies.

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