Crypto things you might have missed:-Pantera’s Dan Morehead on Ripple vs Swift-@base new bridge w/ @solana-Hedera announcement incoming?-Bitwise files S-1 for $AVAX ETF-New pro-crypto, pro-US super PAC-London Stock Exchange Group tokenizationLIVESTREAM LINK IN BIO ...

Group 1: Bitcoin ETFs Performance - Bitcoin spot ETFs in the U.S. recorded a net inflow of $260.02 million on September 15, marking the sixth consecutive day of gains and indicating renewed institutional interest [1] - BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $261.82 million, bringing its total historical inflows to $60.04 billion, establishing it as the dominant player in the market [2] - Cumulative inflows across Bitcoin products have reached $57.09 billion, with daily trading activity at $3.03 billion on September 15 [4] Group 2: Ethereum ETFs Performance - BlackRock's ETHA saw its strongest inflow of the month on September 15, adding $363.19 million worth of Ether, which increased its total assets to $17.09 billion [5] - Cumulative inflows across all Ethereum ETFs have climbed to $13.72 billion, with total assets under management at $30.35 billion [6] - Ethereum reversed a trend of outflows, posting $646 million in net inflows over four days, indicating a resurgence in demand [7]

Regulatory Filing - Bitwise filed an S-1 with the SEC for a proposed spot Avalanche ETF [1] - The ETF aims to track $AVAX, Avalanche's native token [1] - Coinbase Custody would safeguard the assets [1] - The filing was submitted on September 15 [1] ETF Structure and Benefits - The ETF will provide investors access to Avalanche through standard brokerage accounts [2] - The trust will hold AVAX tokens outright and value them using the CME CF Avalanche-Dollar Reference Rate [2] - This structure mirrors spot Bitcoin and Ethereum ETFs [2] Market Competition and Institutional Interest - Grayscale has applied to convert its existing Avalanche Trust into a spot ETF [4] - VanEck is exploring its own AVAX fund [4] - Approval could bring traditional capital into Avalanche [4] - SkyBridge Capital has considered tokenizing $300 million worth of assets through Avalanche [4]

Group 1: AVAX Price Movement - AVAX, the native token of the Avalanche blockchain, experienced a 7% increase on September 15 following Bitwise's Avalanche ETF filing [1] - Over the past week, AVAX has shown significant strength with a 17.5% gain, making it one of the top-performing altcoins [2] - The token has surpassed its $30 resistance level, with daily trading volumes increasing by 10% to over $1.25 billion, indicating strong bullish sentiment [2] Group 2: Market Trends and Indicators - A breakout above the multi-year descending trendline could signal the end of the long-term downtrend, potentially leading to an AVAX price rally to $135 [3] - The open interest in AVAX futures has surged by 10% to $1.45 billion, reflecting increased market activity [3] - The total value locked (TVL) in the Avalanche ecosystem has risen to $2.09 billion, up from $1.93 billion a week earlier, indicating a significant uptick in user activity [3] Group 3: Decentralized Exchange and Stablecoin Market - Decentralized exchange (DEX) volumes on Avalanche have remained above $2 billion for eight consecutive weeks, showcasing consistent trading activity [4] - The stablecoin market cap on the Avalanche chain has increased nearly 5% to $2.31 billion, further highlighting growth in the ecosystem [4] Group 4: Avalanche ETF Filing - Bitwise has submitted an Avalanche ETF filing to the U.S. Securities and Exchange Commission (SEC), aiming to provide direct exposure to AVAX by holding it in custody [5] - The fund's shares are planned to be listed on a U.S. exchange, with net asset value tracking the CME CF Avalanche-Dollar Reference Rate [5] - Coinbase Custody Trust Company has been appointed as the custodian for the Avalanche assets held by the trust [6]

Core Viewpoint - The crypto market is poised for a significant rally as the SEC prepares to introduce generic listing standards for crypto exchange-traded products (ETPs) [1][4]. Group 1: Market Outlook - Macro and structural factors are aligning for a strong year-end rally in the crypto market, despite September being historically weak for digital assets [3]. - Potential interest rate cuts, increasing inflows into crypto investment products, concerns over dollar strength, and rising momentum in stablecoins and tokenization are identified as key drivers for this rally [3]. Group 2: Regulatory Developments - The SEC's proposal for generic crypto ETP listing standards could streamline the approval process, allowing issuers to launch ETPs within as little as 75 days if the underlying asset meets specific criteria [4]. - This regulatory change could lead to a surge in new ETP offerings, with assets like Solana, XRP, Avalanche, Dogecoin, and Chainlink potentially qualifying quickly [5]. Group 3: Company Initiatives - Bitwise has filed for a spot Avalanche ETF, aiming to provide institutional investors with regulated exposure to AVAX, joining other firms like VanEck and Grayscale in this initiative [5][8]. - The fund will track the CME CF Avalanche-Dollar Reference Rate and will be backed by AVAX tokens held in custody by Coinbase Custody [5][6]. Group 4: Historical Context - The expected boom in crypto ETPs is compared to the surge in traditional ETF issuance following the SEC's adoption of the "ETF Rule" in 2019, which tripled ETF launches in the U.S. and made the market more accessible [7].

Bitwise CIO sees SEC advancing listing standards to unleash ‘ETPalooza’ for crypto https://t.co/jOhUVqipaO ...

Group 1 - BlackRock's Ethereum ETF (ETHA) experienced its largest inflows in a month, attracting 80,768 ETH (approximately $363 million) on September 15, marking a significant turning point for the cryptocurrency [1] - Prior to this surge, ETHA faced a challenging period with $787 million in outflows from September 5 to 12, contributing to a broader weakness in the crypto market [2] - In the week following the outflows, Ethereum spot funds recorded $638 million in net inflows, with Fidelity's FETH leading at $381 million, while BlackRock's ETHA added $165 million [2] Group 2 - As of September 12, Ethereum ETFs collectively managed $30.35 billion in assets, with BlackRock controlling over half at $17.25 billion, representing roughly 3% of Ethereum's market capitalization [3] - BlackRock has been rotating its exposure between Ethereum and Bitcoin, with its Bitcoin trust attracting $366 million in inflows earlier in the month while ETHA briefly saw outflows [3] Group 3 - Standard Chartered's head of digital assets research, Geoffrey Kendrick, indicated that Ethereum may emerge stronger than Bitcoin and Solana due to its staking yield and established treasury ecosystem [4] - Ethereum digital asset treasuries (DATs) currently hold more than 3.1% of the total ETH supply, with firms like BitMine Immersion continuing to accumulate aggressively [5] Group 4 - Crypto analyst Michael van de Poppe suggested that Ethereum is likely to experience increased volatility, with potential corrective dips and upside acceleration [6] - If Ethereum fails to maintain support, prices could drop below the $4,100 mark, while a recovery above resistance zones around $4,400–$4,600 could lead to renewed momentum [7] - Analysts see potential for Ethereum to climb back toward the $5,000–$5,200 range if it sustains institutional inflows and capitalizes on treasury adoption [7]

Regulatory Filing - Bitwise files S-1 with the SEC for a spot Avalanche ETF [1] - The proposed ETF aims to track $AVAX, Avalanche's native token [1] - Coinbase Custody would safeguard the ETF's assets [1] - The filing allows Bitwise to expand its product offerings beyond Bitcoin and Ethereum [1] Investment Access and Structure - The ETF aims to provide investors access to Avalanche through standard brokerage accounts [2] - The trust will hold AVAX tokens outright, valuing them using the CME CF Avalanche-Dollar Reference Rate [2] - The structure mirrors spot Bitcoin and Ethereum ETFs [2] Market Competition and Institutional Interest - Grayscale has applied to convert its existing Avalanche Trust into a spot ETF [4] - VanEck is also exploring its own AVAX fund [4] - Approval could bring traditional capital into Avalanche, similar to Bitcoin and Ethereum ETFs [4] - Institutions like Apollo, BlackRock, and SkyBridge Capital have shown interest in Avalanche through tokenized funds, with SkyBridge Capital considering tokenizing $300 million of assets [4] Company Information - Bitwise, founded in 2017, is an active U S crypto asset manager [3] - Bitwise already runs index funds and single-asset products [3] - Bitwise registered an Avalanche trust in Delaware earlier this month [3]

Regulatory & Legal Developments - Michael Saylor and other crypto executives are advocating for a Strategic Bitcoin Reserve bill in Washington [1] - SEC and Gemini Trust reached an agreement regarding the Gemini Earn crypto lending dispute [2] - Trump proposed companies report every six months instead of quarterly, pending SEC approval [4] ETF & Investment Products - Rex-Osprey's XRP ETF ($XRPR) is set to launch, offering spot exposure to XRP [1] - Bitwise has filed with the SEC to launch an Avalanche (AVAX) ETF [4] - Winklevoss twins and Coinbase have raised $100 million for a pro-crypto fellowship PAC [4] - Helius raised over $500 million, establishing the Solana Treasury Company [4] Technology & Innovation - Ethereum Foundation launched a "dAI Team" to advance Ethereum as a settlement layer for AI [3] - Brian Armstrong confirmed Base is exploring plans for a network token launch [4] - MetaMask has launched its own stablecoin called MetaMask USD (mUSD) [4]

Crypto asset manager Bitwise files S-1 for Avalanche ETF https://t.co/Y32wcAVeYq ...