Bitcoin is trading below the average cost basis of US spot Bitcoin ETFs after they recorded their second and third-biggest outflow weeks last month, according to Galaxy’s head of research, Alex Thorn. The total assets under management for US Bitcoin ETF products are approximately $113 billion, according to Coinglass, and they collectively hold around 1.28 million BTC, according to BiTBO, implying an average cost basis of about $87,830 per Bitcoin. Meanwhile, Bitcoin (BTC) prices collapsed by around 11% in a fall from $84,000 on Saturday to a nine-month low of…
Tag: ETF
Grayscale Bitcoin Mini Trust ETF becomes available on Morgan Stanley E*TRADE platform
Grayscale’s Bitcoin Mini Trust ETF is now available on Morgan Stanley’s E*TRADE trading platform, expanding access to regulated Bitcoin exposure for financial advisors and their clients across the US. The listing opens the fund to a network of advisors managing more than $7.4 trillion in assets under management on Morgan Stanley’s platform, marking a significant distribution milestone for Grayscale. Grayscale chief executive Peter Mintzberg said the listing represents a major step forward for both the firm and the broader digital asset market, highlighting it as another signal of rising institutional…
VanEck launches first ever AVAX ETF in the US
VanEck launched the VanEck Avalanche ETF on Monday under ticker VAVX, offering US investors exchange traded exposure to Avalanche token AVAX with the potential for staking rewards reflected in fund performance. According to the prospectus, VAVX is expected to list on Nasdaq under existing generic listing standards, allowing the product to come to market without a separate SEC rule change filing. The trust is not registered under the Investment Company Act of 1940 and is designed to passively track the price of AVAX alongside staking returns. VanEck said it is…
BlackRock files S-1 to launch Bitcoin income-focused ETF
BlackRock, through its iShares entity, has filed a registration statement with the SEC seeking approval to launch the iShares Bitcoin Premium Income ETF, a new fund that would provide exposure to Bitcoin while generating recurring income through a covered call options strategy. The ETF will be structured as a Delaware statutory trust and will hold bitcoin, shares of the iShares Bitcoin Trust ETF (IBIT), and cash, including premiums generated from options activity, according to the filing. The fund’s objective is to provide exposure to Bitcoin price movements while delivering enhanced…
Grayscale files S-1 seeking approval for BNB ETF
Grayscale has filed a registration statement with the US Securities and Exchange Commission seeking approval to launch an exchange-traded fund that tracks BNB, the native token of the BNB Chain. According to the filing, the proposed Grayscale BNB ETF would hold BNB tokens and aim to reflect the asset’s market price, less expenses. If approved, the fund would trade on the Nasdaq under the ticker GBNB, with Bank of New York Mellon listed as transfer agent and Coinbase Custody serving as custodian. BNB is the native token of the BNB…
Grayscale Files for Spot BNB ETF With SEC
The product, if approved, would give US investors access to regulated BNB exposure without needing to hold the token themselves. Grayscale has filed with the US Securities and Exchange Commission to launch a spot exchange-traded fund tracking BNB, marking one of the asset manager’s most ambitious moves beyond Bitcoin and Ether. According to a registration statement filed on Friday, the proposed Grayscale BNB ETF would hold BNB (BNB) directly and issue shares designed to reflect the token’s market value, minus fees and expenses. The filing indicates the fund is intended…
Bitwise Launches ETF Pairing Bitcoin and Gold
Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs. On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO. The actively managed fund seeks to address the declining purchasing power of fiat currencies through a portfolio that includes Bitcoin (BTC), precious metals and mining equities. Unlike spot Bitcoin ETFs, BPRO allows for discretionary allocation…
Bitwise launches new ETF targeting Bitcoin, gold, and mining equities
Bitwise Asset Management, in partnership with Proficio Capital Partners, has rolled out a new exchange-traded fund that provides exposure to Bitcoin, gold, silver, precious metals, and mining equities. The fund, called the Bitwise Proficio Currency Debasement ETF (BPRO), aims to help investors hedge against the declining purchasing power of fiat currencies, targeting a minimum 25% allocation to gold while adjusting exposures based on market conditions. “BPRO seeks to give investors a way to shield portfolios from the unstoppable train of reckless spending, rising deficits, and money printing by governments worldwide…
F/m Investments seeks SEC permission to tokenize ETF shares
F/m Investments, which oversees $18 billion in client assets, has filed with the SEC seeking permission to tokenize its flagship US Treasury 3 Month Bill ETF (TBIL) on a permissioned blockchain ledger. With this move, the firm aims to enhance operational efficiency and recordkeeping while fully preserving the ETF’s traditional trading, arbitrage, and regulatory framework. The tokenized ETF Shares are also expected to enable modern digital interfaces and support automated allocation features, helping the fund adapt safely to emerging tokenized securities markets. Under the proposal, tokenized shares would be created…
XRP Drops Below $2 as ETF Outflows Spike and Stablecoin Settlement Debate Clouds Outlook
XRP has slipped below the $2 mark, extending a week-long decline that has unsettled traders and renewed questions about the token’s short-term outlook. Related Reading The drop comes amid heavy outflows from XRP exchange-traded funds (ETFs), broader market weakness tied to U.S. tariff developments, and fresh debate over Ripple’s growing focus on stablecoins for global payments. After briefly recovering to around $2.20 in mid-January, XRP fell as low as $1.85 over the weekend following what market commentators described as a liquidity sweep. XRP’s price trends to the downside on the…