Latest ETF News and Insights | Yellow.com

Bitwise Asset Management has submitted an application for a spot XRP exchange-traded fund (ETF) to the US Securities and Exchange Commission. The filing marks the first of its kind for the cryptocurrency. It aims to provide institutional investors exposure to XRP through traditional securities markets. The asset manager filed Form S-1 for its Bitwise XRP ETF. This initial step mirrors recent successful applications for Bitcoin and Ethereum ETFs. Bitwise's proposal would directly hold XRP tokens. The fund's launch remains contingent on two factors. First, the SEC must deem Form S-1 effective. Second, an exchange must file and receive approval for Form 19b-4, and this form requests a rule change allowing the ETF's listing. Bitwise cited investor demand as motivation for the filing. "XRP is an enduring crypto asset that many investors want exposure to," the company stated. Bitwise already manages spot Bitcoin and Ethereum ETFs. The application's timing is significant. It follows a ruling by Judge Analisa Torres that XRP is not inherently a security. However, the SEC's stance remains unclear. Market experts have weighed in on approval chances. Bloomberg analyst Eric Balchunas and ETF Store President Nate Geraci suggest approval is unlikely before US elections. Alex Thorn of Galaxy Digital sees approval odds dropping to zero if the SEC appeals its Ripple case. The SEC has indeed filed a notice of appeal in its Ripple lawsuit. This move challenges either Judge Torres' XRP ruling or the $125 million penalty against Ripple. The appeal introduces fresh uncertainty to the XRP ecosystem. Ripple CEO Brad Garlinghouse had anticipated more ETF filings following Bitwise's application. The SEC's appeal may dampen such enthusiasm in the short term. The ongoing legal battle casts a shadow over XRP's regulatory status, and it also raises questions about the viability of XRP-based financial products in the US market. As the case heads to appeal, the crypto industry watches closely. The outcome could have far-reaching implications for XRP and the broader digital asset landscape.

Ethereum's recent performance has raised eyebrows. Despite its Wall Street debut, ETH has struggled to keep pace with competitors. The crypto market took a nosedive on Sunday. ETH-to-BTC conversion ratio hit a yearly low of 0.041. Digital assets have since rebounded. Yet, the ratio remains at 0.043. This trend bucks expectations. Typically, altcoins outperform Bitcoin in bull markets. Capital often flows from Bitcoin to riskier assets. This held true for Solana and meme coins like PEPE and WIF. Ethereum, however, didn't follow suit. Financial analyst Wesley Kress tweeted his concerns. "Ethereum is trading horribly this cycle," he wrote. "People are realizing it's not the future." Not everyone shares this pessimism. Some analysts believe time will favor Ethereum. They argue the new Ethereum spot ETFs need time to take effect. Crypto influencer Crypto Kaleo offered perspective. He noted Ethereum ETFs have been live for just twelve days. This mirrors Bitcoin's post-ETF timeline before its rebound in January. ETFs should theoretically boost ETH's price. They allow institutions previously barred by regulations to invest in Ethereum. But the reality might be more complex. Jonathan Bier, FarsideUK CIO, shared insights with Decrypt. "Much of the success will be driven by people and entities shifting their existing [Ethereum Trust] holdings into ETFs," he said. Bier pointed out that Grayscale's Ethereum unwind could be more severe than its Bitcoin counterpart. Investors face capital gains taxes when selling Ethereum Trust shares. "At the same time Ethereum investors are always looking for the latest thing with the newest tech," Bier added. "They're less loyal than Bitcoin investors." Solana has been nipping at Ethereum's heels. It overtook Ethereum in total transaction fees in late July. This marked a first for the upstart blockchain. On-chain metrics paint a mixed picture for ETH. CryptoQuant data shows Bitcoin's "realized capitalization" rose by $187 billion this year. Ethereum's increased by $127 billion. Julio Moreno, CryptoQuant's Head of Research, told Decrypt, "Bitcoin has overperformed Ethereum in certain network fundamental metrics." He noted a decline in the ratio of Ethereum to Bitcoin transactions, mirroring the ETH/BTC price ratio drop. The crypto world is a rollercoaster. Ethereum's current slump might be temporary. But it's clear the blockchain giant faces stiff competition. Investors are watching closely. The next few months could be make-or-break for Ethereum's market position.

Brazil's securities watchdog has given the thumbs up to a spot Solana exchange-traded fund (ETF). It's a first of its kind globally. The move puts Brazil ahead of the US in the crypto ETF game. The Brazilian Securities and Exchange Commission (CVM) greenlit the ETF. QR Asset, a local asset manager, created it. Vortx will run the show as fund administrator. The ETF isn't live yet. It's waiting for the nod from B3, Brazil's stock exchange. Once that's sorted, it'll be game on. The fund will track the CME CF Solana Dollar Reference Rate. CF Benchmarks and the Chicago Mercantile Exchange (CME) cooked up this index. Theodoro Fleury, QR Asset's big cheese, is chuffed. He told local rag exame that his firm is "a global pioneer in this segment." Fleury reckons this cements "Brazil's position as a leading market for regulated investments in crypto assets." While Brazil's racing ahead, the US is still at the starting line. No spot Solana ETF there yet. But the yanks aren't sitting on their hands. VanEck and 21Shares have thrown their hats in the ring. They've filed S-1 forms with the US Securities and Exchange Commission (SEC). They're hoping to get the green light soon. Standard Chartered's crystal ball sees Solana and XRP ETFs on the horizon. But they reckon it's more of a 2025 story than a 2024 one. VanEck's digital assets guru has a different take. He thinks a US Solana ETF hinges on who wins the White House. He called the lack of a regulated Solana futures market a "Psyop" by SEC boss Gary Gensler. BlackRock's not buying it. They're skeptical. They reckon we won't see much beyond Bitcoin and Ethereum ETFs for a while. Up north, Canada's getting in on the action. 3iQ's gunning to be North America's first Solana ETF. They're not just buying SOL, they're staking it too. "The Solana Fund offers easy exposure to SOL without technical complexity," they said. Brazil's move is a big deal. It's not just about Solana. It's about who's leading the crypto ETF charge. For now, it looks like samba's beating out the star-spangled banner.

A new survey by Kraken has revealed a surprising trend. American investors now see cryptocurrencies as having more growth potential than traditional assets. Bitcoin seems more attractive as a long term investment that real estate, and that is truly astonishing. The crypto exchange polled 2,191 US residents aged 18 and over. The results are eye-opening. A whopping 36% of respondents believe crypto has bigger growth potential than stocks, bonds, or real estate. That's a game-changer, and not only for crypto - the traditional finance will also be shattered to a great extent. Only 34% still have faith in stocks. Bonds and real estate lag behind at 13% and 17% respectively. It's a seismic shift in investor sentiment. But here's the kicker: 73% of US crypto users plan to keep investing in 2025. That's a lot of people betting on digital coins. The survey dug deeper. It found that 45% are "very likely" to continue investing. Another 29% are "somewhat likely" to do so. That's a solid majority. High earners are leading the charge. Those with household incomes between $175,000 and $200,000 are the most bullish. A staggering 82% of them plan to invest in crypto in the near future, and that might mean a new inflow of cash in crypto industry besides the ETFs everybody is talking about. But it's not just the rich. Even in the $0 to $24,999 income bracket, 59% are keen on crypto. Talk about democratizing finance! Now, don't get it twisted. Not all crypto is created equal. A hefty 70% prefer established coins like Bitcoin. Only 12% are into memecoins like Dogecoin. The researchers reckon this shows a "maturing cryptocurrency investor". It's not about chasing the next big thing anymore. Folks are getting serious. "This finding could suggest a focus on stability," the researchers wrote. They added that many now see crypto as a "viable option alongside traditional assets". Looks like digital coins are here to stay.

The US Securities and Exchange Commission (SEC) has given the green light to spot Ethereum Exchange-Traded Funds (ETFs). The crypto industry is buzzing with anticipation. Today's launch marks a significant milestone. Anthony Pompliano, CEO of Professional Capital Management, shared his thoughts on CNBC's Squawk Box. He believes ETH ETFs will boost crypto adoption. But he reckons their story isn't as clear-cut as Bitcoin's. Pompliano praised Bitcoin ETFs' impact. "It's probably the best ETF launch in history," he said. These products continue to see substantial inflows. He pointed out a striking stat: "The BlackRock Bitcoin ETF has had more inflows than QQQ year-to-date." Yesterday alone, BTC products raked in nearly $500 million. But will Ethereum ETFs match this success? Pompliano doesn't think so. "People aren't talking about it as much," he noted. The hype just isn't there. Why the lukewarm reception? Pompliano believes it's down to narrative. "The story is clear with Bitcoin. It's digital gold," he explained. Ethereum, on the other hand, is seen as a "technology platform" with "a lot more competition." Despite this, some firms are pitching ETH ETFs as a diversification play. This could attract investors looking to spread their bets. Pompliano thinks this approach might pay off. However, he warns that inflows won't match Bitcoin's levels. "We got to see what the flows will be like," he cautioned. One drawback? ETF holders won't benefit from Ethereum's staking rewards. But Pompliano sees a bigger picture. He reckons today's launch will open the floodgates for altcoins. "These things come to Wall Street," he predicted. It might take time, but the door is now ajar. This shift could reshape the crypto landscape. "What went from a zero to one 'Is it going to be Bitcoin or is it not?' is now going to be a crypto industry," Pompliano explained. This could trigger a portfolio approach to crypto investing. In the end, Pompliano expects decent inflows for Ethereum ETFs. He also predicts a price bump for ETH. But he tempers expectations: "It's not going to be to the magnitude that people are hoping for."