{
}
The SEC has approved Hashdex and Franklin Templeton's Bitcoin and Ether index ETFs, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both ETFs will hold spot Bitcoin and Ether, meeting regulatory criteria to protect investors. This approval may encourage other firms, like BlackRock, to launch similar products in the growing crypto market.
A recent crypto market sell-off triggered $1 billion in leveraged liquidations, primarily affecting long positions. Bitcoin, despite dropping below $96,000, has gained 130% this year, while the total crypto market cap fell 9.5% to $3.4 trillion. The Fed's hawkish stance following a rate cut decision has contributed to market volatility, with many traders viewing the pullback as a healthy correction.
Ethereum's price fell to $3,540, a 10% drop, following a hawkish Federal Reserve announcement, while Ethereum ETFs saw inflows surpassing $2.46 billion over 18 days. Despite the decline, over 54.7 million ETH are staked, indicating strong long-term investor sentiment. The total value locked in Ethereum's DeFi ecosystem exceeds $73.7 billion, significantly outpacing competitors.
1FUEL is emerging as a leading cryptocurrency wallet, offering seamless cross-chain transactions, robust privacy features, and attractive staking rewards of up to 30% APR. With a successful presale raising over $600k and predictions of 100x growth, it aims to surpass established tokens like Chainlink and Binance Coin by addressing modern investors' needs for security and utility.
BlackRock's iShares Ethereum Trust ETF (ETHA) has surpassed 1 million ETH in holdings, reaching 1,025,378 ETH valued at over $4 billion, just six months after its July 2024 launch. This milestone highlights a significant rise in institutional interest in Ethereum ETFs, which have collectively attracted over $850 million in inflows recently, bringing total assets to over $14 billion. Despite this growth, BlackRock's Head of Digital Assets Research noted that Ethereum products may take longer to catch up to Bitcoin ETFs.
Ethereum ETFs have seen a remarkable 16-day inflow streak, attracting $2.32 billion and bringing total assets under management to $14.28 billion, with Grayscale leading at $5.87 billion. As ETH hovers near the $4,000 mark, institutional interest remains strong, evidenced by a 2.93% control of circulating supply and significant exchange outflows indicating bullish sentiment. Despite recent market fluctuations, including a notable unstaking event, the trend suggests a focus on long-term value among institutional investors.
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, offering a competitive 0.85% management fee and a 6.48% staking yield, in partnership with Marinade. This move raises hopes for a similar product in the US, as Bitwise has filed for a Solana spot ETF, although it currently excludes staking services due to regulatory uncertainties. Optimism grows with potential changes in SEC leadership that may affect the treatment of staking services.
Donald Trump delivered a goodwill speech at the Washington Crypto Policy Summit, emphasizing the U.S. government's commitment to becoming a global leader in cryptocurrency. He assured attendees that the U.S. aims to retain its crypto business domestically, rather than allowing it to shift to countries like China. The summit featured participation from Congress members and industry leaders, focusing on crucial legislative areas such as decentralized infrastructure, stablecoins, and DeFi. A presentation highlighted that 70% of crypto investors considered candidates' digital asset policies in the last election, with 25% of voters owning crypto.
Ethereum spot ETFs have seen a significant net inflow of $145 million, reflecting growing institutional interest, with BlackRock’s ETHA leading at $3.365 billion. Grayscale’s ETH also contributed, increasing its net inflow to $616 million, while cumulative net assets for Ethereum spot ETFs reached $14.04 billion.In related news, President-elect Trump met with Crypto.com CEO Kris Marszalek to discuss establishing a U.S. Strategic Bitcoin Reserve, aimed at enhancing economic security and consolidating government-held Bitcoin. This initiative follows Trump's engagement with other crypto leaders and coincides with Bitcoin hitting an all-time high of $108,268.45.
Grayscale Litecoin Trust
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
SEC approves Bitcoin and Ether ETFs from Hashdex and Franklin Templeton
Franklin Templeton - Franklin M
Nasdaq 100 Dec 24
Grayscale Litecoin Trust
Bitwise Bitcoin ETF
BlackRock, Inc.
HASHDEX MOMENTUM ETP
NYSE ARCA GOLD BUGS INDEX
USA
Nate Geraci
Show more
04:52 20.12.2024
crypto market faces turmoil with one billion in liquidations amid fed rate cuts
00:14 20.12.2024
ethereum price drops as pudgy penguin token launch sees massive sell-off
United States Dollar
Bitwise Bitcoin ETF
Fidelity Contrafund
BlackRock, Inc.
VanEck Vietnam ETF
Grayscale Litecoin Trust
USA
Show more
15:00 19.12.2024
1Fuel Token poised to outshine Chainlink and Binance in 2025
17:36 18.12.2024
BlackRock Ethereum ETF surpasses one million ETH amid rising institutional interest
16:23 18.12.2024
ethereum etfs see record inflows as institutional interest surges
13:10 18.12.2024
Bitwise launches Solana staking ETP in Europe amid US regulatory hopes
11:34 18.12.2024
Trump advocates for US leadership in global crypto policy at summit
United States Dollar
Coinbase Global, Inc.
Filecoin GBP
Hedera USD
Grayscale Litecoin Trust
USA
Kamala Harris
Dritan Nesho
Donald Trump
Show more
11:30 18.12.2024
ethereum spot etfs attract 145 million in institutional inflows
United States Dollar
BlackRock, Inc.
Coinbase Global, Inc.
Grayscale Litecoin Trust
USA
Howard Lutnick
Brian Armstrong
Kris Marszalek
Derek Merrin
Donald Trump
Paul Atkins
Show more
08:45 18.12.2024
litecoin and hedera etfs expected to launch before solana and xrp
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Retail and Consumer Goods
Supply Chain Management
Industry Mergers & Acquisitions
Stock Market Updates
Global Financial Events
Energy Sector Developments
Venture Capital Investments
Finance Mergers & Acquisitions
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Emerging Startups
Funding Rounds & Investments
Inflation and Monetary Impact
Private Equity Deals
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
OpenAI ERC USD
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People: