XRP Jumps as Franklin Templeton Debuts Latest Crypto ETF► https://t.co/ik7y1Zr82C https://t.co/ik7y1Zr82C ...

SCARLET: LIVE FROM BLOOMBERG WORLD HEADQUARTERS NEW YORK, AND SCARLET FU. TIM: I'M TIM STENOVEC. WELCOME TO "BLOOMBERG CRYPTO" SCARLET: ETF FOCUSING ON SMALLER COINS EVEN AS THE GOVERNMENT SHUTDOWN STRETCHES TO THE 29TH DAVID TIM: WE SPEAK TO THE CEO OF SECURITIZE AS HE MAKES A DEAL TO BRING SEALERS TO THE BLOCKCHAIN.SCARLET: AND WE WILL SPEAK TO ANOTHER CEO AS THE DIGITAL ASSET TREASURY MODEL COMES UNDER PRESSURE. TIM: THAT IS AHEAD ON THE NEXT HALF-HOUR. LET'S TAKE A STEP BACK AND LOOK AT HOW BITCOIN DID ...

🚨JUST IN: ASSET MANAGEMENT FIRM, T. ROWE PRICE, MANAGING $1.77T, SEEKS SEC APPROVAL TO LAUNCH ITS FIRST CRYPTO ETF ...

Core Insights - A record $1 trillion has been invested in US ETFs in 2025, indicating a significant shift from traditional mutual funds to ETFs [2][3] - The ETF industry is projected to reach $1.4 trillion by year-end, surpassing last year's record and solidifying ETFs as a dominant investment vehicle in the US [3] - Total US ETF assets reached $12.7 trillion by the end of September, with a 23% year-to-date growth rate and 41 consecutive months of net inflows [3] ETF Performance - Bond and gold ETFs have shown exceptional performance, with $39 billion in inflows for fixed-income ETFs last month and SPDR Gold Trust ETF attracting $15.97 billion as gold prices exceeded $4,100 per ounce [4] - The current market environment is characterized by a risk-on sentiment and persistent inflation, which are driving these inflows [4] Investor Behavior - BlackRock's iShares and Tidal Financial Group anticipate continued inflows into ETFs, as mutual fund outflows have reached $481 billion this year [5] - Investors are increasingly favoring ETFs for their cost efficiency, transparency, liquidity, and diversification, which are reshaping global investment behavior [5] Growth in Crypto ETFs - A parallel boom in crypto-linked funds and Asian ETF markets is expected, with significant growth anticipated in crypto ETFs over the next five years, potentially capturing 10-20% of all assets [7][8] - The cost-effectiveness of ETFs compared to traditional crypto services is highlighted, with exposure available for as low as 25 basis points [8]

Core Insights - Gold reached a record high of $4,197.6 per ounce, marking a nearly 60% increase in 2025 alone, indicating a significant shift in investor sentiment towards safer assets [1][2] - Over $21 billion exited major crypto exchanges, particularly Binance, following a recent market crash, reflecting a change in risk appetite among investors [2][3] Gold Market - The surge in gold prices is characterized as a "flight-to-safety rotation," with investors de-risking ahead of the Federal Reserve's Beige Book release [3][5] - Analysts predict that qualitative data from the Beige Book could pivot market sentiment, potentially leading to a more dovish stance from the Federal Reserve [5] Crypto Market - The outflows from crypto exchanges are seen as a result of leveraged positions unwinding in risk assets, rather than a permanent abandonment of the crypto market [3][6] - Historical trends indicate that when traders anticipate tightening or hawkish commentary, liquidity tends to migrate from high-beta assets like crypto to non-yielding stores of value such as gold [6]

Core Insights - The cryptocurrency market is demonstrating resilience, with exchange-traded funds (ETFs) tracking digital assets experiencing record inflows of $5.95 billion last week, leading to Bitcoin reaching an all-time high of $126,223 on October 6 [1][2]. Inflows and Performance - The week ending October 4 saw significant capital inflows into digital asset investment products, with Bitcoin surpassing its previous peak from August on October 5, marking a historic price point above $126,000 [2]. - The U.S. led the inflows with $5 billion into crypto ETFs, followed by Switzerland at $563 million and Germany at $312 million, all setting new records. Bitcoin attracted $3.55 billion, while Ethereum garnered $1.48 billion, with Solana and XRP bringing in $706.5 million and $219.4 million respectively [3]. Market Drivers - The momentum in Bitcoin's price is attributed to a combination of factors, including a record rally in traditional safe-haven assets like gold, a weakening U.S. dollar, and growing investor diversification amid economic uncertainties [4]. - Institutional acceptance of cryptocurrencies is accelerating, with projections suggesting that Bitcoin could be included on central banks' balance sheets alongside gold by 2030, a notion that was considered unlikely just five years ago [5]. Institutional Involvement - The current cryptocurrency rally is characterized by increased institutional investment, driven by supportive policies and a deeper integration of Bitcoin into global financial markets. This shift indicates that institutions are treating Bitcoin as a legitimate asset rather than a speculative investment [6][7]. - The record inflows into ETFs reflect a strategic allocation of capital by wealth managers and pension funds, rather than impulsive trading by retail investors [7].

Core Insights - Wall Street is on the brink of a significant transformation in financial history due to a record number of crypto ETF filings moving towards approval [1] - Market experts predict that the US Securities and Exchange Commission (SEC) may soon encounter an unprecedented influx of applications, potentially seeing 100 new digital asset funds in the next 12 months [1]

SCARLET: LIVE FROM NEW YORK, I’M SCARLET FU. TIM: WELCOME TO "BLOOMBERG CRYPTO." A LOOK AT THE PEOPLE, TRANSACTIONS, AND TECHNOLOGY SHAPING THE WORLD OF DECENTRALIZED FINANCE. WE HAD A GREAT PROGRAM COME UP.LET’S GET A SNAPSHOT OF THE MARKET AND JUST SEE HOW THINGS ARE SHAKING OUT RIGHT NOW. A LITTLE BIT OF RED ACROSS THE SCREEN. BITCOIN DOWN ABOUT 1%.ETHER DOWN 2.5%. LET’S ZOOM OUT ON THE MONTH FOR SOME OF THE BIGGEST CRYPTOCURRENCIES BY MARKET CAP. YOU CAN SEE A LITTLE BIT OF A DIVERGENCE.THE BEST PERFORM ...

Core Insights - Crypto ETF approvals are now deemed "100%" certain, with Solana funds expected to be approved imminently following the fourth amendment submission [1] - The SEC's approval of generic listing standards has streamlined the approval process for crypto ETFs, reducing the timeline from nine months to as few as 75 days [3][4] Group 1: SEC Developments - The SEC's new generic listing standards eliminate the need for individual 19b-4 filings, making the regulatory process for crypto ETFs more efficient [2] - Issuers can now proceed directly with S-1 registration statements, which is the final step before launching an ETF [4] - The SEC has instructed issuers of proposed ETFs for various cryptocurrencies, including Solana, to withdraw pending Form 19b-4 filings [3] Group 2: Market Impact - Seven major asset managers have filed updated S-1 documents for spot Solana ETFs, indicating strong interest in launching these products [2] - The first fund listed under the new streamlined system is Grayscale's Digital Large Cap Fund, which manages over $915 million in assets [5] - There are currently more than 92 crypto ETF applications awaiting SEC review, with significant deadlines approaching in October and November [5] Group 3: Investment Trends - Bloomberg analysts previously projected a 95% approval probability for Solana and XRP ETFs by year-end, which has now increased to 100% for Solana [6] - Prediction markets show high optimism for Solana ETF approval, with current odds at 99% [6] - Digital asset investment products experienced $812 million in outflows last week, attributed to stronger-than-expected economic data affecting interest rate expectations [6]

Core Viewpoint - The SEC's approval of Greyscale Investment's Digital Large Cap Fund's ETF conversion marks a significant development in the cryptocurrency market, allowing for broader access to multiple cryptocurrencies rather than just single assets [1] Group 1 - The Digital Large Cap Fund (GDLC) is the first multi-token fund, which diversifies investments across leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) [1]