Cardano price

Organized: Jerry, ChainCatcher   Crypto spot ETF performance last week U.S. Bitcoin spot ETFs saw a net inflow of $886 million Last week, U.S. Bitcoin spot ETFs had four-day net inflows, with a total net inflow of $886 million and a total net asset value of $152.31 billion. Last week, 7 ETFs were in a state of net inflows, mainly from IBIT, BTC, and FBTC, with inflows of $866 million, $39.5 million, and $34.7 million, respectively. Source: Farside Investors The U.S. Ethereum spot ETF saw a net inflow of $557 million Last week, the U.S. Ethereum spot ETF had a three-day net inflow, with a total net inflow of $557 million and a total net asset value of $29.64 billion. Last week's inflows were mainly from BlackRock ETHA, with a net inflow of $513 million. 6 Ethereum spot ETFs are in a state of net inflows. Source: Farside Investors The Hong Kong Bitcoin spot ETF had a net outflow of 66.04 Bitcoins Last week, Hong Kong Bitcoin spot ETFs saw a net outflow of 66.04 Bitcoins, with a net asset value of $507 million. Among them, issuer Harvest Bitcoin's holdings fell to 292.38, and Huaxia dropped to 2,310. The Hong Kong Ethereum spot ETF saw a net inflow of 915.29 ETH, with a net asset value of US$143 million. Source: SoSoValue Crypto spot ETF options performance As of September 19, the total notional turnover of U.S. Bitcoin spot ETF options was $1.17 billion, with a notional total long-short ratio of 3.48. As of September 18, the total notional holdings of U.S. Bitcoin spot ETF options reached $34.21 billion, with a notional long-short ratio of 2.05. The market's short-term trading activity for Bitcoin spot ETF options has declined, and the overall sentiment is bullish. Additionally, the implied volatility is 40.50%. Source: SoSoValue A glance at the dynamics of crypto ETFs over the last week Grayscale submits a revised Dogecoin ETF application, while NYSE Arca seeks to amend its Ethereum trust Grayscale has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), planning to convert its closed-end Grayscale Dogecoin Trust into an exchange-traded fund (ETF). If approved, the fund will be listed on the NYSE Arca under the symbol "GDOG" and designate Coinbase as its primary broker and custodian. On the same day, NYSE Arca also submitted a proposal to amend the listing terms of the Grayscale Ethereum Trust ETF and its "mini" trust under the SEC's newly approved "Common Listing Standards", which mean that such products will be subject to relatively more lenient regulatory scrutiny. In its application, Grayscale cited the new regulations and pointed out that Dogecoin has been trading futures and options on exchanges regulated by the U.S. Commodity Futures Trading Commission (CFTC) for more than six months and meets the relevant requirements. The company also affirmed that the trust should not be considered an "investment company" as defined in the Investment Company Act 1940 and is therefore not bound by it. If GDOG is approved, it will become the second securitization product in the United States to directly track the price of Dogecoin. On Thursday, REX's Dogecoin ETF (DOJE), which is partnered with Osprey, was just approved by the SEC for listing. The Grayscale CoinDesk Crypto 5 ETF is officially listed on the NYSE Arca Grayscale has announced that its CoinDesk Crypto 5 ETF has been listed on the New York Stock Exchange Arca under the symbol GDLC. Formerly known as the Grayscale Digital Large Cap Fund, this product is a multi-asset cryptocurrency ETP covering five major crypto assets: Bitcoin, Ethereum, Solana, XRP, and Cardano. The fund is quarterly adjusted to maintain tracking of leading assets by market capitalization and liquidity, and operates on the CoinDesk 5 Index developed by CoinDesk Indices. Warsaw Stock Exchange officially launches cryptocurrency ETF "Bitcoin BETA ETF" The Warsaw Stock Exchange (GPW) in Poland officially launched a cryptocurrency ETF - Bitcoin BETA ETF. This product provides regulated BTC exposure through CME Group Bitcoin Futures and hedges against the USD/PLN exchange rate, aiming to reduce the risk of foreign exchange volatility. The fund is managed by AgioFunds TFI, and the market maker is a brokerage firm owned by BOŚ Bank. The ETF was approved by the Polish Financial Supervisory Authority in June this year. The Cboe announced that Ripple and Dogecoin ETFs have been listed The Chicago Board Options Exchange (CBOE) announced on the X platform that the Ripple exchange-traded fund REX-Osprey XRP ETF (XRPR) and the Dogecoin exchange-traded fund REX-Osprey DOGE ETF (DOJE) have been listed. The U.S. SEC approved the listing and trading of Grayscale Digital Large-Cap Stock Fund and two Bitcoin ETF index options The U.S. Securities and Exchange Commission (SEC) announced that in addition to approving the common listing criteria for commodity-type trust shares, it also approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 index. At the same time, the SEC also approved the listing of afternoon settlement options for the Cboe Bitcoin US ETF Index and the mini Cboe Bitcoin US ETF Index, which include various types such as third Friday expiration, non-standard expiration, and quarterly index expiration. SEC approves listing criteria for new cryptocurrency ETFs According to Golden Ten, the SEC voted to approve common listing standards applicable to new crypto ETFs. The U.S. SEC accelerates the approval of new regulations for Cboe Bitcoin ETF index options The U.S. Securities and Exchange Commission (SEC) has issued an announcement aimed at accelerating the approval of the Chicago Board Options Exchange (Cboe) proposed rule changes as amended by Amendment 2. The core of this new regulation is to add afternoon settlement options to the "Cboe Bitcoin U.S. ETF Index (CBTX)" and "Mini Cboe Bitcoin U.S. ETF Index (MBTX)", covering three types: Friday expiration, non-standard expiration (including weekly expiration and month-end expiration), and quarterly index expiration (QIX). In its announcement, the SEC emphasized that the approval is a reasonable expansion of the existing afternoon settlement index options program, providing market participants with more flexible investment and hedging tools. Defiance has filed to launch two crypto basis trading ETFs According to Golden Ten, ETF issuer Defiance has filed an application with the U.S. Securities and Exchange Commission to launch two exchange-traded funds structured around "basis trading," one linked to Bitcoin and the other linked to Ethereum. This strategy aims to capitalize on the spread between the spot market and futures contracts, with Defiance setting up trading symbols for both ETFs as "NBIT" (related to Bitcoin) and "DETH" (related to Ethereum), respectively. Bitwise submits application for stablecoin vs. tokenized ETF According to Bloomberg ETF analyst James Seyffart, @BitwiseInvest has submitted an application for a stablecoin and tokenized ETF to regulators. The ETF will invest in both stocks and crypto assets of related listed companies, aiming to cover the development opportunities of the stablecoin ecosystem and the tokenization market. Bitwise filed S-1 filings with the U.S. SEC for the Avalanche ETF According to The Block, crypto asset manager Bitwise is looking to launch an ETF that tracks AVAX, the native token of the Avalanche blockchain If the product is approved by the U.S. Securities and Exchange Commission (SEC), Coinbase will be designated as the custodian. "The trust provides investors with access to the Avalanche market through traditional brokerage accounts, avoiding the entry barriers or risks that may be associated with buying and holding Avalanche directly," Bitwise wrote in its S-1 filing on Monday. "The fund will use the CME CF Avalanche-USD Reference Rate to determine its net asset value (NAV). The fund will hold AVAX tokens and will not use derivatives. The U.S. SEC has postponed its decision to approve TRUTH SOCIAL's spot Bitcoin ETF Opinions and analysis on crypto ETFs Jia Yueting: The US SEC approves simplified crypto ETF listing pathways, opening the door to assets such as Solana Jia Yueting, founder of Faraday Future, issued a statement in response to the "US SEC Approves Universal ETF Listing Standards", saying, "The SEC has taken a historic step: spot cryptocurrency ETFs other than BTC/ETH now have a simplified 75-day listing pathway, opening the door to assets such as Solana. The regulatory framework is currently catching up with the strategy that forward-thinking corporate finance departments have already begun to implement: diversifying digital assets as a core component of their balance sheets. ” Ripple CEO: Confident XRP will be included in the White House's crypto reserves, and XRP ETF may be approved before the end of the year In an interview with Bloomberg, Ripple CEO Brad Garlinghouse said he is confident that XRP will be included in the White House's crypto reserves, according to Watcher.guru. Garlinghouse also emphasized that the U.S. SEC may approve an XRP ETF by the end of the year. According to Garlinghouse, the emergence of an XRP ETF is "inevitable." Currently, the SEC has over 11 applications pending for XRP ETFs, including applications from companies such as Franklin Templeton, Bitwise, and Canary. The SEC has delayed Franklin Templeton's application until November of this year. Bloomberg ETF Analyst: More than 100 crypto ETFs may be listed in the next 12 months Bloomberg ETF analyst Eric Balchunas said on X that the number of ETF listings has doubled since the last time the US SEC implemented universal ETF listing standards, so it is likely to see more than 100 crypto ETFs listed in the next 12 months. According to market news, the SEC has approved exchanges to adopt universal listing standards for crypto spot ETFs, with a minimum approval cycle of about 75 days. Bitwise CIO: SEC listing rules will drive crypto ETFs, but there is no guarantee of capital inflows According to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan warned that the U.S. Securities and Exchange Commission (SEC) has streamlined the approval process for cryptocurrency ETPs, which could trigger a new wave of products, but it does not guarantee their success. Hougan said that the universal listing standard will be introduced as early as October, when a large number of new cryptocurrency ETPs may be welcomed, and the history of ETF development confirms this. However, he cautioned against equating the launch of cryptocurrency ETFs with the resurgence of cryptocurrency enthusiasm. Hougan said that the existence of cryptocurrency ETPs does not mean a large inflow of funds, investors need to have a fundamental interest in the underlying asset, and ETPs based on assets such as Bitcoin Cash may be difficult to attract funds. However, he emphasized that the launch of ETFs can prepare products for a rally because it is convenient for traditional investors to allocate to cryptocurrencies.