Core Insights - 21Shares has appointed Mickey Janvier as Head of North America Sales to enhance its distribution strategy in the U.S. market [1][2] - The U.S. has experienced significant crypto adoption in 2025, driven by favorable legislative and regulatory conditions [2] - 21Shares currently manages over $11 billion in assets and has launched spot Bitcoin and Ethereum ETFs in 2024 [3] Company Overview - 21Shares is a leading provider of cryptocurrency exchange traded products (ETPs) and offers the largest suite of crypto ETPs in the market [4] - The company aims to bridge traditional finance and decentralized finance, having launched the world's first physically-backed crypto ETP in 2018 [4] - 21Shares is backed by a specialized research team and proprietary technology, focusing on innovative and cost-efficient investment solutions [4] Leadership and Strategy - Mickey Janvier brings over a decade of experience in distribution and business development, previously serving as Head of Americas Distribution at Perpetual Asset Management [2][3] - Janvier's leadership is expected to strengthen relationships with financial advisors, wealth management platforms, and institutional buyers [1][2] - The firm is focused on enhancing client support and expanding its reach throughout North America [2][3]

Group 1 - The recent interest rate cut has led to a rise in cryptocurrency prices, with Bitcoin increasing by 2% and Ethereum by over 3% shortly after the announcement [2] - Smaller cryptocurrencies like Avalanche and Binance Coin have also seen significant gains, with Avalanche up nearly 20% and Binance Coin up almost 9% in a week [2] - Despite the overall market gains, only a few cryptocurrencies, primarily Bitcoin and Ethereum, have attracted significant inflows, leaving many altcoins underperforming [3][8] Group 2 - Altcoin season is characterized by rising prices of smaller cryptocurrencies, a decrease in Bitcoin's market dominance, and increased trading volume in altcoins [4] - Historical data shows that during previous altcoin seasons, Bitcoin's market cap share fell below 35%, while altcoins rose above 45% [5] - Currently, Bitcoin's dominance is around 58%, with Ethereum at 13% and altcoins collectively at about 30%, indicating that the market is not yet in an altcoin season [6] Group 3 - The cryptocurrency market has been recovering from a prolonged downturn, with a new market cap high reached in August, but gains are primarily driven by a few major cryptocurrencies [7] - Institutional interest has been a significant factor in the current market dynamics, with a preference for established cryptocurrencies over speculative altcoins [8] - The likelihood of another altcoin season similar to those in 2017 and 2021 appears low, although rate cuts and ETF approvals could benefit altcoins with strong fundamentals [9]

From September 15 to 19 (ET), spot Bitcoin ETFs saw a net inflow of $887 million, marking four consecutive weeks of net inflows. Spot Ethereum ETFs recorded a weekly net inflow of $557 million, with BlackRock’s ETHA leading the way at $513 million.https://t.co/YcNXWVZGwE https://t.co/Y29DvRZWda ...

Market Trends - Spot Bitcoin ETFs recorded a total net inflow of $404 million, marking three consecutive days of net inflows [1] - Spot Ethereum ETFs saw a total net inflow of $461 million over four consecutive days [1] ETF Performance - BlackRock's ETHA led Spot Ethereum ETFs inflows with $255 million for the day [1]

Market Trends & Investment Activity - Spot Ethereum ETF volume surpasses $3.1 billion today, indicating strong initial investor interest [1] - BlackRock leads with $2.158 billion in volume, representing approximately 69.6% of the total volume [1] - Grayscale follows with $335.69 million, accounting for roughly 10.8% of the total volume [1] ETF Performance by Issuer - Grayscale Mini's volume reaches $298.71 million [1] - Fidelity's volume stands at $257.32 million [1] - Bitwise records $36.79 million in volume [1] - 21Shares achieves $16.18 million in volume [1] - VanEck's volume is $12.96 million [1] - Franklin's volume amounts to $10.62 million [1] - Invesco's volume is $4.09 million [1]

Market Trends - Spot Ethereum ETF trading volume surpasses $3.1 billion today [1] ETF Performance - BlackRock leads with $2.15 billion in volume [1] - Grayscale follows with $335.69 million in volume [1] - Grayscale Mini records $298.71 million in volume [1] - Fidelity reports $257.32 million in volume [1] - Bitwise achieves $36.79 million in volume [1] - 21Shares records $16.18 million in volume [1] - VanEck reports $12.96 million in volume [1] - Franklin shows $10.62 million in volume [1] - Invesco records $4.09 million in volume [1]

Regulatory Landscape & Policy - Fed's Waller advocates for a 25 basis point (0.25%) interest rate cut at the next FOMC meeting [1] - SEC is considering an innovation exception from regulations to promote tokenization [1] - The White House supports de minimis tax exemption for Bitcoin and crypto [1] - All three crypto bills have passed the House – CLARITY Act, GENIUS Act, and Anti-CBDC Act [2] Market Trends & Investment - Bit Origin plans to raise up to $500 million to buy Dogecoin, potentially becoming the first U S -listed company to adopt $DOGE as a core treasury asset [3] - Trump is reportedly planning to open the U S retirement market to crypto investments [4] - Canary Capital has filed with the SEC to launch a Staked Injective ETF [4] - BlackRock files to add staking to its Spot Ethereum ETF [4] - SharpLink Gaming files for $5 billion share offering & plans to use proceeds to purchase more $ETH [4] Cryptocurrency Performance - Ethereum has entered the top 30 global assets with a $416 17 billion market cap, surpassing Johnson & Johnson [4]

ETF Developments - BlackRock files to add staking to its Spot Ethereum ETF [1]