Key points: Bitcoin corporate treasuries added 630 BTC to start the week, continuing a month-long inflow trend. The move contrasts with an ongoing sell-off among the Bitcoin ETFs, which sold nearly $300 million Monday. Not everyone is bearish about “buying the dip” at current levels. Bitcoin (BTC) corporate treasuries added over 600 BTC Monday despite…
Key takeaways: ETH futures and options data show no signs of defensive positioning despite Ether’s 7-month price high. Ether ETF inflows and corporate holdings signal growing conviction from institutional investors. Ether (ETH) price fell 4% after briefly touching $3,940 on Monday. This drop aligned with the broader cryptocurrency market correction, suggesting that no ETH-specific factors…
Key takeaways: The Solana ETF launch with staking drew initial excitement, but institutional demand remains muted. Ongoing SOL unlocks, DApp sell-offs, and low network activity weigh against a sustained price rally. Solana’s native token, SOL (SOL), surged 7% on Monday after confirmation that the first-ever Solana exchange-traded fund (ETF) featuring staking capabilities would launch on…
Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180…
The native token behind the Injective blockchain could be getting an exchange-traded fund in the US, as Canary Capital created a trust in Delaware for a product that appears to offer staking exposure to the token. The Delaware Division of Corporations website shows the entity “Canary Staked INJ ETF” was formed on Monday, the asset…
Key takeaway: XRP (XRP) recouped losses made between Wednesday and Friday and hovered around $2.26, up 9.7% from its local low of $2.06. Analysts said the altcoin may rally into double-digits amid increasing optimism of a possible spot XRP ETF approval in 2025. Approval odds for an XRP ETF jump to 98% The likelihood of…
Exchange-traded fund (ETF) issuers VanEck, 21Shares and Canary Capital sent a letter to the US Securities and Exchange Commission (SEC) urging a return to the “first-to-file” principle of approving ETF applications in the order they were submitted to the regulator. The companies argued that by failing to abide by the first-to-file principle, the default process…
BlackRock’s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency. IBIT’s May 21 net inflows hit $530.6 million, its biggest single-day net inflow since it took in $531.2 million on May 5, according to…
Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications. Dogeday marks the unofficial holiday of the Dogecoin (DOGE) community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20. Source: Bitget Despite its reputation…
Hong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future. According to an April 18 announcement, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly “the first investment fund in Asia designed to track the performance…