ETF Flows - Ethereum spot ETFs experienced total net outflows of $61.74 million [1] - Only the Bitwise ETF ETHW recorded net inflows among Ethereum spot ETFs [1] - Bitcoin spot ETFs saw total net inflows of $292 million [1] - Bitcoin spot ETFs marked seven consecutive days of inflows [1]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 UK to strengthen ties with US on cryptocurrencies and digital assets, with the deal expected to specifically include stablecoins and closer regulatory alignment, FT reports.🔹 Tuttle Capital files for Bonk Income Blast ETF, Litecoin Income Blast ETF and SUI Income Blast ETF.🔸 The U.S. House is pushing to add a CBDC ban to the market structure bill.🔹 Bitwise filed for a Stablecoin & Tokenization ETF that will invest in stocks and crypto assets.🔸 ...

🔥 LATEST: Bitwise filed for a Stablecoin & Tokenization ETF that will invest in stocks and crypto assets. https://t.co/VAueEt0EDa ...

Core Insights - The US Securities and Exchange Commission (SEC) is developing "generic listing standards" for crypto exchange-traded products (ETPs), which could facilitate the automatic launch of new crypto ETFs if they meet basic requirements [1][5] - This regulatory shift is seen as a significant moment for the crypto industry, indicating its maturation and potential for substantial inflows into new funds [2][7] Group 1: Market Impact - The introduction of generic listing standards could lead to a dramatic increase in the number of crypto ETFs launched, similar to the effect seen in the stock and bond ETF markets after the SEC implemented generic standards in 2019, where annual launches rose from an average of 117 to over 370 [6] - Spot Bitcoin ETFs have demonstrated the viability of crypto ETFs, with 11 providers accumulating approximately 1.3 million Bitcoin valued at about $149 billion, representing around 6% of the total Bitcoin supply [2] Group 2: Future Prospects - Ethereum ETFs have recently gained traction, attracting hundreds of millions in investments, which has heightened investor interest in upcoming products linked to other cryptocurrencies like XRP and Solana [3] - The SEC's proposed criteria for approving crypto ETFs will require an existing futures contract for the underlying asset to be traded on a regulated US futures exchange, which is still under development [5] Group 3: Regulatory Environment - The SEC's cautious approach to approving new crypto ETFs has historically involved lengthy processes, with decisions taking up to 240 days, but the new standards aim to reduce this timeframe to 75 days or fewer for compliant ETFs [4][5] - The SEC's shift towards a more pro-crypto stance, as indicated by SEC Chair Paul Atkins' commitment to a deregulatory approach, aligns with the broader trend of increasing acceptance of cryptocurrencies in the regulatory landscape [7]

Bitwise on Monday filed paperwork for an Avalanche ETF with the SEC, just as Dogecoin and XRP funds are expected to debut this week. https://t.co/vLnEthlOXN ...

Bitwise files ETF proposal focused on tokenization and stablecoins amid growing interest https://t.co/EDAog5CXs1 ...

Cryptocurrency & Blockchain - Google 探索 AI 代理的稳定币支付 [1] - Bitwise 预测加密货币市场年底将出现“惊人”反弹 [1] - CleanCore 收购价值 1 亿枚 DOGE [1]

Bitwise Files for Avalanche ETF Ahead of US XRP, Dogecoin Fund Debuts► https://t.co/9trEN3bVAl https://t.co/9trEN3bVAl ...

Group 1 - Bitwise has filed for an Avalanche exchange-traded fund (ETF) as new altcoin investment vehicles are anticipated to enter the U.S. market [1] - The "Bitwise Avalanche ETF" will utilize Coinbase for custody of the digital assets [1] - Avalanche, the network behind AVAX, is the 19th-largest digital asset by market cap, offering a cheaper and faster blockchain compared to Ethereum [2] Group 2 - AVAX was recently trading over $30 per coin, having increased by more than 6% in a 24-hour period [2] - Other asset managers, such as VanEck and Grayscale, have also filed with the SEC to launch AVAX ETFs [2] - Upcoming altcoin ETFs for XRP and Dogecoin are expected to debut this week, registered by REX Shares and Osprey Funds [3] Group 3 - The new XRP and Dogecoin ETFs will provide exposure through a subsidiary registered in the Cayman Islands, differing from the Bitcoin and Ethereum ETFs [3][4] - The Bitcoin and Ethereum ETFs were registered under the Securities Act of 1933, while the new altcoin ETFs are registered via the Investment Company Act of 1940 [4] - The SEC approved Bitcoin ETFs last year, leading to a successful debut with 12 funds managing nearly $152 billion in combined assets [4] Group 4 - The SEC is expected to approve a variety of altcoin funds from asset managers looking to launch smaller cryptocurrencies in the future [5]

RT Cointelegraph (@Cointelegraph)🔥 NEW: Bitwise has filed with the SEC to launch an Avalanche ($AVAX) ETF. https://t.co/fa5WGTGKwN ...