Matt Hougan, CIO at Bitwise, says Solana offers traders two methods to win — the general measurement of the worldwide stablecoin and asset tokenisation markets rising, or Solana rising its share. At present Ethereum dominates these markets, however Hougan believes Solana is poised to extend its market share — heContinue Reading
Evernorth Holdings purchased roughly 388.7 million XRP at a median value of US$2.44, accumulating roughly 95% of its goal. The corporate goals to supply institutional and retail traders with regulated, liquid XRP publicity. In the meantime, the REX-Osprey XRP ETF (XRPR) launched efficiently with over US$100 million in web inflowsContinue Reading
ChinaAMC Solana (3460), the world’s first spot Solana ETF, has been authorized in Hong Kong and can commerce in Hong Kong {dollars}, Chinese language yuan, and U.S. {dollars}. The ETF will use OSL Digital Securities as sub-custodian and digital asset buying and selling platform, benefiting from the issuer’s present operationalContinue Reading
BlackRock is planning a new income-focused Bitcoin ETF, the Bitcoin Premium Income ETF, and has begun the registration process with a Delaware trust filing. The ETF’s strategy is to generate returns by selling covered call options on Bitcoin futures, appealing to investors seeking yield over full exposure to Bitcoin’s priceContinue Reading
Michael Saylor believes Bitcoin could see a price surge before year-end, citing demand outstripping new supply. He argues that corporate treasuries and ETFs are consistently acquiring more BTC than miners are releasing, tightening the market. Saylor views Bitcoin as the “ideal form of digital capital” to back digital credit instruments,Continue Reading
Bitwise has filed with the SEC for a new “Stablecoin & Tokenization ETF,” a fund designed to provide exposure to companies and assets in the growing stablecoin and tokenisation sectors. The fund’s index will be split into two equally weighted halves: an equity sleeve of companies involved in stablecoins andContinue Reading
The REX-Osprey XRP ETF (XRPR) is set to begin trading this week, providing the first regulated XRP access in the US. The fund will hold XRP directly and allocate 40% of its assets to XRP-related ETFs, using derivatives only optionally for additional exposure. Regulatory support for crypto ETFs is developingContinue Reading
Major cryptocurrencies gained strongly over the past week, with Bitcoin up 3%, Ethereum 4%, XRP 8% and Solana surging 14% amid growing institutional adoption. US Bitcoin ETFs attracted US$1.3 billion in net inflows this week after previous outflows, with BlackRock’s fund now holding 3.59% of all Bitcoin supply. The FederalContinue Reading
The first US exchange-traded fund (ETF) to hold an asset with no utility, the Rex-Osprey Doge ETF (DOJE), is scheduled to begin trading on Thursday, signaling a new era for institutional investment in speculative digital assets. Unlike most crypto ETFs that use the Securities Act of 1933, this fund isContinue Reading
Bitcoin has reclaimed the US$110k mark after last week’s dip below US$108k, trading in a narrow range since hitting an all-time high of US$124,457 on 14 August. Markets are fully pricing in a Federal Reserve rate cut on September 17, with most expecting a 25-basis-point reduction despite concerns that muchContinue Reading
