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Crypto products record 10th consecutive week of inflows at $3.2B

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.

Digital asset investment products saw another $3.2 billion of inflows in the trading week of Dec. 9–13, crypto investment firm CoinShares reported in its latest weekly flows report on Monday, Dec. 16.

This follows a record $3.85 billion in weekly inflows during the previous period, bringing total inflows for 2024 to $44.5 billion.

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German banking giant develops Ethereum L2 using ZKsync

Crypto Giant Grayscale Rolls Out New Trusts for Lido DAO (LDO) and Optimism (OP)

Crypto Giant Grayscale Rolls Out New Trusts for Lido DAO (LDO) and Optimism (OP)

Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm’s more than 25 existing digital asset products. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, praises the two altcoin projects for the benefits […]

The post Crypto Giant Grayscale Rolls Out New Trusts for Lido DAO (LDO) and Optimism (OP) appeared first on The Daily Hodl.

German banking giant develops Ethereum L2 using ZKsync

Grayscale launches Lido, Optimism investment funds

The new funds add to Grayscale’s expanding suite of single-asset crypto products.

Grayscale Investments launched two new investment funds for Lido and Optimism’s governance tokens, LDO (LDO) and OP (OP), the asset manager said on Dec. 12. 

Grayscale Lido DAO Trust and Grayscale Optimism Trust offer exposure to the native tokens of Ethereum’s largest liquid staking token (LST) protocol and one of its most popular layer-2 (L2) scaling solutions, respectively. 

“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster layer 1 blockchains,“ Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement.

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German banking giant develops Ethereum L2 using ZKsync

SEC advances NYSE’s filing to list Bitwise Bitcoin and Ethereum ETF

The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.

United States regulators are soliciting comments on securities exchange NYSE Arca’s request to list a Bitwise exchange-traded fund (ETF) holding both Bitcoin (BTC) and Ether (ETH), according to a Dec. 10 filing.

On Nov. 26, Bitwise and NYSE submitted filings to list the ETF to the Securities and Exchange Commission (SEC). Now, the SEC is advancing the application to the next stage by soliciting comments from the industry, the filing said

The Bitwise Bitcoin and Ethereum ETF is a proposed spot cryptocurrency index fund comprising BTC and ETH. It aims to “give investors balanced exposure to the two largest crypto assets in the world in an easy-to-access format,” the asset manager said in a Nov. 26 post on the X platform.

Source: Bitwise

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German banking giant develops Ethereum L2 using ZKsync

Crypto Giant Grayscale Seeking To Convert Its Solana Trust Into ETF, According to New Filing

Crypto Giant Grayscale Seeking To Convert Its Solana Trust Into ETF, According to New Filing

Leading crypto asset manager Grayscale just submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to convert its Solana Trust into a spot exchange-traded fund. The Digital Currency Group (DCG) subsidiary’s Solana Trust is currently the largest Solana investment fund by assets under management (AUM). It manages $134.2 million worth of SOL, […]

The post Crypto Giant Grayscale Seeking To Convert Its Solana Trust Into ETF, According to New Filing appeared first on The Daily Hodl.

German banking giant develops Ethereum L2 using ZKsync

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.

Asset manager Hashdex has submitted its second amended application for a proposed exchange-traded fund (ETF) designed as a one-stop-shop cryptocurrency portfolio, according to a Nov. 25 regulatory filing.

The revised filing signals continued progress for the crypto index ETF with the Securities and Exchange Commission (SEC), the United States’ top financial regulator.

Hashdex filed its first amended S-1 in October after the SEC asked for more time to reach a decision on whether to authorize the ETF for trading.

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German banking giant develops Ethereum L2 using ZKsync

Grayscale Unveils Game-Changing Bitcoin ETF Options Strategy 

Grayscale Unveils Game-Changing Bitcoin ETF Options Strategy Grayscale Investments has announced plans to introduce options trading for its spot bitcoin exchange-traded funds (ETFs), taking a page from Blackrock’s recent success with bitcoin ETF options. The options trading will begin on Wednesday morning. This initiative is designed to leverage a covered call strategy to generate additional income. Both the Bitcoin Trust (GBTC) and […]

German banking giant develops Ethereum L2 using ZKsync

Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply

Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices MultiplyGrayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while reducing the number of outstanding shares proportionally. Fractional shares […]

German banking giant develops Ethereum L2 using ZKsync

Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split Strategy

Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split StrategyGrayscale Investments has announced plans for reverse share splits for its Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) and Grayscale Ethereum Mini Trust ETF (Ticker: ETH). Effective at 5:00 pm ET on Nov. 19, the BTC fund will undergo a 1-for-5 split, while the ETH fund will undergo a 1-for-10 split. These adjustments are intended […]

German banking giant develops Ethereum L2 using ZKsync

SEC mulls approving Ethereum ETF options

They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.

United States regulators are reviewing a request to list the first options tied to spot Ether (ETH) exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing.

If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether,” the filing said.

The SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly after crypto-friendly Donald Trump’s Nov. 5 presidential election win.

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German banking giant develops Ethereum L2 using ZKsync