Bitwise Makes XRP ETF Plans Official With SEC Filing
Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange.
ETFs
Bitwise Takes a Step Toward XRP ETF
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.
MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin
Seven days after hitting the market, the T-REX 2X Long MSTR Daily Target ETF (MSTU) has become one of the most successful new exchange-traded funds (ETFs) on the market after attracting over $72 million.
Digital Asset Funds See Second Consecutive Week of Inflows: CoinShares
Bitcoin-linked products led with $284 million of inflows, while their ether equivalents saw outflows of $29 million.
Crypto for Advisors: Are Advisors Investing in Crypto?
Did the launch of spot crypto ETFs help bring crypto into the mainstream and encourage adoption – particularly by closing the gap between advisors and their clients?
Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters
Analysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there’s a significant change in investor sentiment or regulatory clarity that might favor riskier assets.
Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said.
Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year’s peak of $2.67 trillion in March, the report said.
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.
Crypto Market Has Evolved in the Past Year, Canaccord Says
In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.