With enhanced returns and yield exposure, Ethereum-focused corporates are taking the lead over spot ETFs. Standard Chartered projects further growth in ETH treasury participation. ETH currently trades at US$3,652 (AU$5,597), with a US$4,000 (AU$6,128) year-end target. Standard Chartered believes Ethereum treasury firms are outperforming US spot ETFs by providing superiorContinue Reading
SBI Holdings announced plans to launch Japan’s first cryptocurrency ETFs, including a Bitcoin/XRP fund and a hybrid fund with 51% gold and 49% crypto allocations. The company is expanding into stablecoins, particularly JPY-backed versions, to strengthen the Japanese Yen’s stability and creditworthiness. SBI expects significant future gains from its 9%Continue Reading
After briefly soaring to a peak of $123k USD ($189k AUD) in July, Bitcoin has slid back by around 7-8%, now stabilising between $113k and $115k USD. A Glassnode analysis suggests Bitcoin is encountering a tough barrier near $116k USD, where several recent investors are sitting at a loss. RecentContinue Reading
Galaxy Digital CEO Mike Novogratz believes the trend of companies adding Bitcoin to their treasury reserves has reached its peak with fewer new entrants expected. The firm recently executed one of the largest Bitcoin sales in history, selling 80,000 BTC on behalf of an anonymous client to institutional buyers. Meanwhile,Continue Reading
The SEC has approved a tenfold increase in the options position limit for certain Bitcoin ETFs, raising the cap from 25,000 to 250,000 contracts. The rule change is a major boost for BlackRock’s IBIT, which already has a commanding lead in the market. The new, higher limits facilitate larger, moreContinue Reading
