ETF Landscape - Bitwise joins Grayscale and Canary in filing for a spot $SUI ETF [1] - The industry anticipates a potentially significant development in 2026 [1] Cryptocurrency Focus - The report centers on a spot @SuiNetwork ETF [1]

Core Viewpoint - The discussion around whether the four-year cycle of Bitcoin is invalidated has intensified, with RadexMarkets observing that Bitcoin's current trajectory closely resembles historical cycles, suggesting a potential adjustment phase following the peak in 2025 [1][2][3]. Group 1: Market Trends - Institutions like Bitwise and ARK Invest indicate that Bitcoin has deeply integrated into traditional finance through ETFs, potentially ending the previous cycles of extreme volatility [3]. - RadexMarkets predicts that Bitcoin will reach a peak of $125,000 in October 2025, marking a standard top after 145 weeks of the current bull market cycle, which aligns closely with previous cycles [2][4]. - The historical data from 2012 to 2020 shows a consistent pattern of price behavior following halving events, characterized by a surge in price, followed by a significant correction, and then a buildup before the next cycle [3][4]. Group 2: Future Outlook - RadexMarkets anticipates that the bear market correction phase typically lasts about a year, indicating that 2026 is likely to be a "year of rest" for Bitcoin [2][4]. - In terms of asset allocation and risk management, while the long-term bullish trend remains intact, short-term price support is expected to be found in the range of $65,000 to $75,000 [4]. - Understanding the cyclical "winter" is crucial for traders, as it serves to eliminate market bubbles and build momentum for the next halving event [4].

Group 1: XRP ETFs Performance - Spot XRP ETFs in the United States have shown significant strength with $82 million in inflows over the past week, contrasting with outflows from Bitcoin and Ethereum ETFs [1] - XRP ETFs have crossed $1.2 billion in total assets under management (AUM) since their launch in mid-November, indicating sustained institutional interest despite outflows in other major cryptocurrencies [2] - The initial inflows into XRP ETFs were primarily driven by retail investors, but institutional interest has quickly followed, particularly from pension and insurance funds outside the U.S. [3] Group 2: Institutional Interest and Market Dynamics - XRP is perceived as easier for traditional investors to understand due to its role in payment systems and cross-border liquidity, aligning with familiar financial infrastructure [4] - Financial advisers are increasingly engaging with crypto assets that have long-term viability, with XRP's operating history reducing concerns about its longevity [4] - Despite the inflows into XRP ETFs, the price of XRP has remained under pressure, slipping below $2.0, indicating underlying weakness in the market [5] Group 3: Market Trends and Comparisons - Bitcoin and Ethereum ETFs experienced significant outflows of $497 million and $644 million respectively, driven by macroeconomic factors such as Bank of Japan rate hikes [6] - In addition to XRP, Solana ETFs recorded $66.5 million in inflows, highlighting a shift in institutional capital from major cryptocurrencies to other altcoins [7]

ETF Filing & Staking - VanEck has amended its S-1 Avalanche ETF filing to include staking rewards [1] - The ETF aims to generate income for investors by staking up to 70% of its AVAX holdings [1] - Bitwise has already done the same last month, indicating a trend [1] - Grayscale may follow suit, suggesting wider industry adoption [1] Ecosystem Impact - The inclusion of staking rewards is considered "Massive" for the Avalanche (AVAX) ecosystem [1]

ETF Filing & Structure - Bitwise filed for a Hyperliquid ETF with ticker BHYP and a fee of 67 basis points [1] - This ETF represents the first perpetuals decentralized exchange (perps DEX) being packaged for traditional finance (TradFi) [1] Hyperliquid Protocol Performance - Hyperliquid generated $650 million in revenue this year, with 99% allocated to buybacks [1] - The protocol has $308 billion in volume without direct DEX interaction [1] Tokenomics & Market Sentiment - Team unlocks involve 10 million tokens monthly, but ETF inflows could potentially absorb months of selling pressure [1] - Cantor Fitzgerald published overweight research in the same week as the filing [1] Institutional Interest - Wall Street is seeking exposure to Hyperliquid's protocol [1]

ETF Filing - Bitwise filed with the SEC for a spot SUI ETF [1]

Group 1 - VanEck has amended its filing for the Avalanche exchange-traded fund (ETF), VAVX, to include staking rewards for investors [1] - The fund may stake up to 70% of its AVAX holdings to generate yield, with Coinbase Crypto Services as the initial staking provider [1] - Rewards from staking, after a 4% service fee from Coinbase, will accrue to the fund and impact the ETF's net asset value [1] Group 2 - AVAX will be held with regulated custodians, including Anchorage Digital and Coinbase Custody, which store tokens offline in cold wallets [2] - The fund will not use leverage or derivatives and will track AVAX's price through the MarketVector Avalanche Benchmark Rate [2] - If approved, the fund will trade under the ticker VAVX on Nasdaq [3]

Core Insights - The launch of spot Bitcoin ETFs has been highly successful, with 11 ETFs approved by the SEC, collectively managing over $110 billion in assets, primarily driven by the iShares Bitcoin ETF [1] Group 1: Bitcoin ETF Overview - Spot Bitcoin ETFs are structurally identical, all investing in spot Bitcoin without selection or weighting methodologies [2] - Investors need to focus on details such as expense ratios and trading costs to differentiate between Bitcoin ETFs [3] Group 2: Recommended Bitcoin ETFs - The Grayscale Bitcoin Mini Trust ETF is highlighted for its low fees, tight spreads, and high liquidity, making it the best option for retail traders [5][7] - The Grayscale Bitcoin Mini Trust ETF has an expense ratio of 0.15%, significantly lower than its larger counterpart, which has a 1.5% expense ratio [6][7] - The iShares Bitcoin ETF, while the largest with over $70 billion in assets, is not recommended as the first choice despite its popularity [8][9]

The whales are selling XRP. No, it's not really that serious. We are starting to see some pretty big wallets selling some XRP though.Uh, most of this is on Binance. We do see here from Coinb XRP sale pressure alert. Despite ETF approval, Wales 100K to 1 million and 1 million plus XRP wallets, not retail, are driving inflows.Large XRP transfers to Binance signal continued sell pressure. Now, if we're looking at this chart from CryptoQuant, we do see that most of the value bands coming into Binance, aka Excha ...

Core Insights - The total net inflow for Solana spot ETFs reached 3.57 million USD on December 19, 2023 [1] - The Bitwise SOL ETF (BSOL) recorded the highest single-day net inflow of 1.67 million USD, contributing to a historical total net inflow of 617 million USD [1] Summary by Category - **Market Performance** - Solana spot ETFs experienced a significant net inflow of 3.57 million USD on December 19, 2023 [1] - Bitwise SOL ETF (BSOL) led the inflows with 1.67 million USD in a single day [1] - **Historical Data** - The total historical net inflow for Bitwise SOL ETF (BSOL) has reached 617 million USD [1]