The first of many ETFs containing multiple cryptocurrencies is already available.Spot crypto exchange-traded funds (ETFs) have attracted significant inflows of capital since the first ones were approved at the start of 2024. They offer a regulated and accessible way for institutional and retail investors to add crypto to their portfolios, but they've mostly only included Bitcoin (BTC 2.11%) and Ethereum (ETH 2.36%). That's changing with a pro-crypto administration and evolving guidance from the Securities a ...

Solana could get its first spot exchange-traded fund any day now. That’s according to Bloomberg Intelligence analyst Eric Balchunas who said that a slew of regulatory changes at the Securities and Exchange Commission means “the odds are really 100%” that a spot Solana ETF will become a reality. “The baby could come any day,” Balchunas said on X. The bullishness marks how the dramatic shift at the SEC has bolstered sentiment in the crypto industry. While former Chair Gary Gensler was a staunch crypto sc ...

The U.S. Securities and Exchange Commission (SEC) has instructed issuers of proposed spot exchange-traded funds (ETFs) for Litecoin, XRP, Solana, Cardano, and Dogecoin to withdraw their pending Form 19b-4 filings. The move follows the agency’s September 18 approval of generic listing standards, which streamline the process for bringing new cryptocurrency ETFs to market. The instruction does not represent a setback for issuers. Instead, it reflects a procedural shift that eliminates the need for case-by-c ...

Investors pulled money out of Bitcoin and Ethereum ETFs last week but threw cash at funds giving altcoin exposure, a new report on global crypto ETF investments shows.  Data from digital asset manager CoinShares shows that while investors pulled cash out of the two biggest digital coins last week, helping fuel price declines, other investors placed bets on Solana and XRP.  Investors pumped $291 million into funds giving exposure to SOL, the sixth-biggest coin by market cap, and over $93 million into XRP inv ...

Ethereum price rebounded above $4,000 on Saturday, Sept 25, after briefly plunging below the critical level on Friday for the first time in 50 days. Despite thin weekend liquidity, Ethereum has managed a 2.2% intraday price rally, supported by visible on-chain flows. Coinmarketcap data shows ETH rebounded from intraday lows of $3,927 to reach $4,021 by Saturday evening, amid 49% decline in trading volumes to $29 billion. On-chain metrics show an increased activity on Ethereum staking contracts as market v ...

Group 1 - The first U.S. cryptocurrency index exchange-traded fund (ETF), the Grayscale Digital Large Cap Fund (NYSE: GDLC), has launched for trading, marking a significant milestone in crypto index investing [1][2] - The fund provides exposure to the top five largest and most liquid cryptocurrencies, with Bitcoin making up 72.43% and Ethereum 16.95% of the fund's allocation, while XRP, Solana, and Cardano account for 5.6%, 4.01%, and 1.02% respectively [3] - Grayscale plans to rebalance the fund quarterly to maintain alignment with the CoinDesk 5 Index, and the fund achieved a trading volume of $22 million on its first day [5] Group 2 - The approval of GDLC to convert from a private over-the-counter fund to an ETF was granted by the SEC, which had initially approved the conversion in July but delayed the decision [6] - The SEC's introduction of generic listing standards for cryptocurrency-based ETFs is expected to simplify the filing process and accelerate approvals, potentially leading to over 100 new cryptocurrency ETFs in the next 12 months [7] - Analysts predict that basket/index crypto ETPs could become the second or third largest category of crypto ETPs, following Bitcoin ETPs, indicating a growing interest in cryptocurrency index funds [6]

Dogecoin , the largest meme coin, has recently come under strong selling pressure, following a rejection at $0.30 in mid-September. Moreover, the broader crypto market sell-off triggered a 20% correction from the monthly highs, as DOGE is now trading at $0.24. But crypto experts believe that the meme coin could soon see a trend reversal from here, gearing up for a 100% rally to $0.50. Expert Shares DOGE Price Target of $0.50 Despite the current Dogecoin correction and selling pressure, market experts con ...

Group 1 - Dogecoin's native cryptocurrency DOGE is gaining attention due to developments surrounding the Dogecoin ETF, with market experts predicting a potential price rally after a recent 9.8% weekly decline [1] - Currently, DOGE is trading at $0.2640, having corrected 3.59% today, with a significant drop in daily trading volume by 30% to $2.6 billion [2] - A crypto analyst noted that DOGE has formed a second descending triangle pattern, suggesting a potential breakout that could lead to a price increase towards $0.38 [3] Group 2 - Grayscale has filed an amended S-1 registration with the SEC to convert its Dogecoin Trust into a spot ETF, which, if approved, would trade on NYSE Arca under the ticker GDOG [5] - The filing is part of Grayscale's strategy to expand crypto access through regulated products, with the NYSE Arca already having applied to list the Grayscale Dogecoin Trust [6] - The recent launch of the Rex-Osprey DOGE ETF has positively influenced market sentiment, with experts anticipating SEC approval for the DOGE ETF as early as October [6]

Ripple’s native cryptocurrency XRP has been under selling pressure, correcting 5% over the past week. However, crypto market analysts continue to stay bullish with expectations of a rally to $10 and beyond. The successful debut of Rex-Osprey XRP ETF (XRPR) has further boosted market sentiment. XRP Price Rally to $10 Remains Intact Despite the US Federal Reserve announcing interest rate cuts earlier this week, the crypto market activity has remained subdued. XRP price has flirted with $3,0 for a while as ...

Dogecoin (DOGE) surged 8% over the past 24 hours, outpacing Bitcoin and Ethereum, following the launch of the first U.S. spot DOGE exchange-traded fund (ETF). The fund, called DOJE, began trading Thursday morning on the Cboe BZX exchange in Chicago and quickly exceeded expectations, recording nearly $6 million in trading volume within its first hour. Dogecoin ETF Outpaces Analyst Forecasts, Highlighting Institutional Demand The ETF is issued through a collaboration between REX Shares and Osprey Funds, t ...