SEC postpones listing decision for Bitwise crypto index ETF
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
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The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
The upcoming US presidential inauguration could be a positive catalyst, the asset manager said.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
While the spot Bitcoin ETFs smashed industry expectations in 2024, the products finished poorly with outflows in six of the last eight trading days.
The asset manager has added tokens including HYPE, VIRTUAL, ENA and JITO to its list of the top 20 tokens to watch.
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
Crypto ETPs recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
The new funds add to Grayscale’s expanding suite of single-asset crypto products.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.
