The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year. In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise […]
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The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
US regulators said they need more time to decide whether an exchange-traded fund (ETF) designed as a one-stop-shop crypto portfolio can be listed on the New York Stock Exchange’s electronic securities exchange, according to a Jan. 14 regulatory filing.
The filing was a response to NYSE’s December request for permission to list the Bitwise 10 Crypto Index Fund on NYSE Arca.
If approved, Bitwise’s proposed ETF would be the first diversified spot crypto ETF to hit the US markets. It would also be the first US ETF to hold alternative cryptocurrencies, or “altcoins.”
While the spot Bitcoin ETFs smashed industry expectations in 2024, the products finished poorly with outflows in six of the last eight trading days.
United States-based spot Bitcoin exchange-traded funds recorded nearly $1.9 billion in total net inflows on Jan. 3 and Jan. 6, reversing a streak of low demand in the latter half of December.
The Bitcoin ETFs attracted $978.6 million of investor’s money on Jan. 6, led by the Fidelity Wise Origin Bitcoin Fund at $370.2 million, while BlackRock’s iShares Bitcoin ETF and the ARK 21Shares Bitcoin ETF rounded out the top three with $209 million and $153 million, respectively, according to data from Farside Investors.
Bitwise Bitcoin ETF and Grayscale’s two spot Bitcoin ETFs, tickered GBTC and BTC, saw over $70 million in inflows on Jan. 6, while the VanEck Bitcoin ETF and Franklin Bitcoin ETF racked up $17.3 million and $8.9 million, respectively.
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
United States spot Bitcoin exchange-traded funds racked up a staggering $35.66 billion in net inflows in 2024 — far exceeding early industry estimates, while the spot Ether ETFs finished strong, seeing net inflows of $349.3 million in the last four trading days to reach $2.68 billion since launch.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the pack with $37.31 billion in net inflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) rounded out the top three with $11.84 billion and $2.49 billion, followed by Bitwise Bitcoin ETF (BITB) $2.19 billion, according to Farside Investors.
These net inflows smashed an earlier $14 billion first-year estimate from Galaxy Digital’s research head Alex Thorn.
New data from a crypto insights platform reveals that Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest net outflows in one day since they launched in January. In a new thread on the social media platform X, market intelligence firm Spot On Chain says that Bitcoin ETFs witnessed hundreds of millions of dollars worth of […]
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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.
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 […]
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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.
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
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, […]
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