Tag: ETF

Franklin Templeton’s XRP ETF receives NYSE listing approval

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Key Takeaways Franklin Templeton’s XRP ETF has secured approval for listing on NYSE Arca. The fund will trade under XRPZ and feature a 0.19% NAV-based sponsor fee. Share this article NYSE Arca has approved the listing of Franklin Templeton’s XRP ETF and formally certified the action to the SEC. It means the fund has met all exchange requirements and is nearing launch. Per Franklin’s latest disclosure, the ETF, the Franklin XRP Trust, will list under the ticker XRPZ and impose an annual sponsor fee of 0.19% of net asset value.…

ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts

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The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows and the broader market crash, Bitfinex analysts said. The uncertainty of a December interest rate cut has also shifted investors to a risk-off outlook, Bitfinex said. “This does not derail the longer-term move towards institutionalization.…

Spot ETF Inflows Rise as SOL Price Faces Key Test

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Spot Solana exchange-traded funds (ETFs) have continued to attract capital despite SOL’s (SOL) steep price drawdown. Since launch, the products have accumulated $476 million in total net inflows, with the streak extending 17 consecutive days, even as Solana’s (SOL) price plunged nearly 30% from $186 to $130. Key takeaways: Spot SOL ETFs posted 17 straight days of inflows, with Bitwise’s BSOL representing 89% of the total value. Futures data underscored the building of selling pressure near the $140 resistance zone, which could send SOL to a retest of $120.  Spot…

XRP ETF from Bitwise starts trading on NYSE with initial fee waiver

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Key Takeaways Bitwise launched the XRP ETF on NYSE with an initial one-month fee waiver for the first $500 million in assets. The ETF enables US investors to access spot XRP, supporting efficient global asset settlement on the XRP Ledger. Share this article Bitwise XRP ETF, a spot exchange-traded fund from Bitwise Asset Management, started trading on the NYSE on Thursday after clearing the exchange’s certification and SEC procedures. The ETF trades under the ticker XRP and carries a 0.34% management fee, which Bitwise is waiving for the first month…

21shares Launches Six Crypto ETPs in Sweden Amid ETF Craze

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21Shares, a major crypto exchange-traded product (ETP) provider, is expanding its offerings in Europe with the launch of six more funds on Sweden’s stock exchange, Nasdaq Stockholm. 21Shares on Thursday announced the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and two crypto basket products. With the expansion, 21shares now offers a total of 16 ETPs on Nasdaq Stockholm, which is just a fraction of multiple offerings available on other European exchanges like SIX Swiss Exchange, Deutsche Börse Xetra,…

DAT ‘Hotel California’ Meets BlackRock Staked ETH ETF

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Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries. BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is currently down $1,000 per purchased ETH, implying a cumulative unrealized loss of $3.7 billion on its total holdings, according to a Thursday research report from crypto insights company 10x Research. The decline in net asset value (NAV) across these firms is making it difficult to attract new retail investors while…

Bitwise XRP ETF Debuts as Community Questions Ticker Choice

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Bitwise Asset Management has confirmed that its new spot exchange-traded fund (ETF) tracking XRP is set to launch on Thursday, under the ticker “XRP.” The new fund will go live on the New York Stock Exchange, the asset manager announced, which X users were quick to applaud, and also pointed out the possible confusion it could cause with the token.  Typically, crypto ETFs feature a version of the asset manager’s name and the underlying crypto asset in the ticker, such as Fidelity’s FBTC and ARK Invest’s ARKB, which track Bitcoin,…

ADIC Triples Bitcoin ETF Holdings During Q3: Report

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The Abu Dhabi Investment Council (ADIC) nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report. Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates. ADIC, an investment arm of Mubala Investment Company, told Bloomberg on Wednesday it sees Bitcoin (BTC) as the digital equivalent of gold. ADIC’s IBIT increase came during a volatile period for Bitcoin. The quarter ended just days before BTC surged to an…

BlackRock registers iShares Staked Ethereum Trust ETF in Delaware

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Key Takeaways BlackRock’s iShares has filed registration for a staked Ethereum Trust ETF in Delaware, expanding its crypto offerings. The new trust will add staking capabilities to generate potential returns from Ethereum’s proof-of-stake system. Share this article BlackRock has registered a new statutory trust in Delaware under the name iShares Staked Ethereum Trust ETF, according to records from the Delaware Division of Corporations. Delaware registrations have typically preceded formal ETF applications to the SEC in recent crypto developments. The registration comes after Nasdaq filed Form 19b-4 with the SEC to…

Bitwise to launch XRP ETF tomorrow

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Key Takeaways Bitwise Asset Management is set to launch an XRP ETF, expanding beyond Bitcoin-based crypto ETFs. The initiative follows regulatory filings and product updates pointing to institutional offering and exchange listing. Share this article Bitwise Asset Management will launch its XRP ETF tomorrow, marking another milestone for the crypto ETF provider as it expands beyond Bitcoin offerings into altcoin markets. The launch follows Bitwise’s recent regulatory filing updates for the XRP product, which included details of the exchange listing and specifications for its management structure. Bitwise operates as a…