Ethereum accounts for 88% of crypto investment products $176 million inflow

Crypto investment products experienced significant inflows of $176 million as investors capitalized on recent price dips, according to CoinShares‘ latest weekly report. James Butterfill, the head of research at CoinShares, noted that the total assets under management (AUM) for crypto ETPs dipped to $75 billion amid the correction but have rebounded to $85 billion as […]

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MultiversX boosts layer-2 transaction speed with Sovereign Chains

Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.

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Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M

CoinShares believes the turnaround is due to weaker than expected macro data in the U.S.

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US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive

CoinShares’ latest weekly report revealed that crypto-related investment products saw their fourth consecutive week of negative flows, dominated by the “measurable outflows from the newly issued ETFs in the US.” According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or $156 […]

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Aptos hits all-time high in user transactions

The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity. \

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WisdomTree and 21Shares Pioneer UK's First Crypto ETPs: Bitcoin and Ethereum Hit LSE

Ascryptocurrency enthusiasts eagerly await the approval of a physically-backedEthereum (ETH) exchange-traded fund (ETF) in the US, London has also seen agroundbreaking development.

The UKsFinancial Conduct Authority (FCA) has approved two crypto exchange-tradedproducts (ETPs) by WisdomTree, which are soon to debut on the London StockExchange (LSE). 21Shares is also set to introduce its own instrument soon, after recent regulatory approval. ShareRewrite.

WisdomTree and 21Shares Become FirstCrypto ETPs Issuers in The UK

WisdomTree,a global issuer of exchange-traded products and funds with nearly $112 billionunder management, announced on Wednesday that it received FCA approval tolaunch two new instruments on the LSE: WisdomTree Physical Bitcoin (BTCW) andWisdomTree Physical Ethereum (ETHW).

Thesephysically backed ETPs are expected to launch next week, on May 28, 2024, andwill initially be available only to professional investors, though there is achance they will also reach retail investors in the future.

"WhileUK-based professional investors have been able to allocate to crypto ETPs viaoverseas exchanges, they will soon have a more convenient access point,"commented Alexis Marinof, the Head of Europe at WisdomTree.

on Terminal: WisdomTree said it's received approval from the FCA to list physically-backed Bitcoin and Ether exchange-traded products in London (for professionals only) all approved crypto ETPs are expected to go live on May 28

The newinstrument is set to offer competitive trading conditions compared to othercrypto ETPs listed in Europe. The management expense ratio (MER) will be 0.35%.

"FCAapproval in this regard could result in greater institutional adoption of theasset class, as many professional investors have been unable to gain exposureto Bitcoin and other cryptocurrencies due to regulatory limitations anduncertainty," Marinof added.

21Shares is also entering the market and already offers cryptocurrency instruments on nearly a dozen different exchanges.

"Londonhosts one of the deepest, most liquid capital markets in the world - wherethere is proven institutional interest in cryptocurrencies," said Ophelia Snyder, the Co-Founder of 21Shares. "As the largestglobal issuer of crypto-backed ETPs with more than 40 funds listed on 11different exchanges, we are delighted to be listing on the London StockExchange, following a recent approval from the FCA."

WisdomTree Bitcoin Fund

It'simportant to note that WisdomTree was one of the first to issue crypto ETPs inEurope in 2019, a year after 21Shares introduced this type of instrument. They currently offer a range of such instruments, which arelisted on exchanges in Germany, Switzerland, and in Paris and Amsterdam.

WisdomTreewas also among the companies that launched the first-ever spot Bitcoin ETF onWall Street in the first half of January 2024.

TheWisdomTree Bitcoin Fund is an exchange-traded fund whose investment objectiveis to gain exposure to the price of bitcoin, less expenses and liabilities, byholding bitcoin. The Fund will generally value its shares daily using anindependently calculated value based on an aggregation of executed trade flowof major bitcoin spot exchanges, the WisdomTree commented.

BTCW iscurrently priced at just under $74, close to its historical highs and showing adirect correlation with the price of Bitcoin. Since the lows of January, it hasgained over 80%.

What is thedifference between ETP and ETF? ETPs are a broad category that includes variousinvestment instruments like ETFs, exchange-traded nots (ETNs), and exchange-tradedcommodities (ETCs). ETFs are a specific type of ETP, so all ETFs are ETPs butnot all ETPs are ETFs.

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$10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth

XRP’s current price has been highlighted by a range of around $2.5 in the past three days. However, this low price hasn’t stopped the idea of an extravagant XRP price from being in the hearts of XRP bull traders and enthusiasts. Against this backdrop of growing confidence, a bold theory suggesting that XRP could surge to $10,000 has come up from a crypto analyst. This extravagant price point is much higher than most predictions based on technical analysis. Notably, this analyst leaned on XRP fundamentals with XRP to show a scenario where its price reaches this point. Analyst Predicts XRP Could Hit $10,000 Between 2027 And 2030 The theory, introduced by a crypto analyst named Remi Relief on the social media platform X, centers on a long-term vision of XRP reaching $10,000 due to widespread adoption in financial institutions and complete activation of its utility features. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? In a post dated May 12, the analyst predicted that this massive XRP price point of $10,000 could materialize between 2027 and 2030. He clarified that the prediction wasnt dependent on sudden events or institutional price setting but on the natural outcome of XRP functioning at its full potential in global financial systems. However, he also stated that such a price point could manifest as early as 2026. Building on the original post, the analyst has recently expanded on a more detailed vision of a $10,000 XRP. He claimed the existence of two separate XRP ledgers: one for the retail market and another accessible only to around 1,700 institutions and private entities operating under NDAs. According to him, these private participants could already be running tests with drastically different price levels, possibly including the $10,000 mark. He linked this development to recent progress in CBDC trials, especially in France. The analyst also referred to a report discussing the efficiency and performance of various digital currency and payment platforms in terms of Transactions Per Second (TPS) back in 2022. The report focused on CBDC (Central Bank Digital Currency) test networks. According to the report, the Ripple Private Ledger had a TPS of 1,500 in 2022 during tests for the digital Euro. Although Ripple is not yet at the operational scale of AliPay or the Hamilton Project, future projections of the blockchains TPS are still unknown. The Possibility Of A $10,000 Basement Price For The Altcoin The crypto analyst’s theory is based on a future where XRP underpins major financial operations at fixed high values across private networks. The most provocative element of the theory involves Ripple potentially setting a basement price for XRP at $10,000, which would never be breached. Related Reading: XRP Price At $10-$20 Only The Beginning, Its Headed For $1,000 Analyst Reveals In this scenario, if the price ever threatened to fall below that mark, decentralized technologies like Chainlink oracles and IOTA-based AI mechanisms would intervene to stabilize it through automatic trading.  At the time of writing, XRP is trading at $2.40, down by 2.2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

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Crypto Investment Products Rebound: $130M Inflows Signals Shift In Investor Sentiment

CoinShares’ latest Digital Asset Fund Flows Weekly Report reveals that theres been a significant milestone for crypto asset investment products, marking the first inflows in five weeks, amounting to $130 million. However, despite this positive development, Ethereum investors are still hesitant. While the recent surge in funds is remarkable, note that volumes of Exchange-Traded Products (ETPs) […]

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Crypto ETPs Face $240 Million in Withdrawals Amid Global Trade Fears

Cryptocurrency exchange-traded products faced renewed pressure last week, with investors withdrawing $240 million, according to CoinShares’ April 7 report. This marked a sudden shift after two weeks of inflows, which had collectively reached $870 million. Even with the dip, the total value held in digital asset ETPs stood at $132.6 billion, up 0.8% from the […]

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US Trade Tariffs Cause Crypto ETPs to Lose $240M in a Week, Reports CoinShares

The cryptocurrency market witnessed a significant milestone as the Crypto Exchange Traded Product (ETP) managed to evade $240 million worth of US trade tariffs. CoinShares, a prominent player in the crypto industry, was behind this strategic move. By successfully navigating around the tariffs, CoinShares has demonstrated its ability to innovate and adapt to changing regulatory [...]

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Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund

In a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs). This move, filed with the U.S. Securities and Exchange Commission (SEC), signals a new avenue for traditional investors to gain exposure to the digital asset market. [...]

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Galaxy Digital to launch new ETPs in Europe

Galaxy Digital to launch new crypto ETPs in Europe, offering traditional investment avenues for digital assets.

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UK poised for Crypto ETP Surge Despite FCAs Retail Investor Restrictions

Crypto ETPs are expected to surge in the UK as the Financial Conduct Authority (FCA) will cease its objection towards the listing of un-leveraged crypto-backed exchange-traded notes (ETNs) on British stock exchanges such as the London Stock Exchange (LSE). This move represents a change by FCA from its previous hard-line position against digital currencies as […]

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Crypto ETPs Suffer Massive $1.7B Outflow in Fifth Consecutive Week of Losses

The crypto market saw $1.7B in outflows for the fifth week, with Bitcoin products seeing $978M in withdrawals, marking the longest streak since 2015.

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Solana records 1 outage in first half of 2023, 100% uptime in Q2

The Solana network is seeing steady improvements in performance and reliability as outages become more infrequent.

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Global AUM of crypto ETPs rose to $28 billion in February: Fineqia | Invezz

The cryptocurrency market is seeing yet another rough patch as prices fall amid negative sentiment around collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank. But the declines being witnessed in March come after a slightly positive February where the total cryptocurrency market cap held above $1 trillion. The crypto exchange-traded products (ETPs) market also ...

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Solana testnet reports 13K TPS on stress test, what does this mean for the future of SOL?

Solana (SOL/USD) is a blockchain network that features its own native cryptocurrency known as the SOL token.

Throughout its ecosystem, there are a plethora of different decentralized applications (dApps) as well as smart contracts alongside non-fungible tokens (NFTs).

One of the key points of appeal for this cryptocurrency was its support for high throughput (transactions per second), where Solana can theoretically process 710,000 TPS.

The Layer–1 blockchain project Solana can, at a later point in time, process around 13,000 transactions per second (TPS) throughout its future releases.

According to an image that was posted on Twitter by the Solana Labs co-founder, Anatoly Yakovenko, one of the more recent Solana releases on the testnet reached that specific milestone in terms of TPS.

stress tests on 1.11 pic.twitter.com/kWxiPvMqpb

A stress test is essentially a procedure that determines the extent to which a computer program or network can remain effective throughout its peak usage.

In the case of Solana, this involved simulating transactions between addresses as a means of determining the number of transactions that the network can process without going offline.

The Solana Testnet in question was released in version 1.11, which is still under development. 

As a point of reference, the Solana network, based on data from the Solana Explorer, can, on average, process around 3,000 to 4,000 TPS.

By reaching 13,000 TPS, we can expect the Solana network to see a lot more appeal from developers, increasing the utility and value of the SOL cryptocurrency.

On August 29, 2022, Solana (SOL) had a value of $30.51.

The all-time high point of value for the Solana (SOL) cryptocurrency was reached on November 6, 2021, at a value of $259.96.

When we go over the cryptocurrency’s performance throughout the previous month, Solana (SOL) had its lowest point of value on July 1 at $32.06.

Its highest point of value was on July 19 at $46.77. Here we can see that the cryptocurrency increased in value by $14.71 or by 46%. 

With this in mind, investors might want to buy SOL as it can climb to $50 by the end of September 2022.

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Terra’s outage hinders LUNA-based ETN from trading

After Terra lost nearly all of its value in a week, three distinct exchange-traded product (ETP) issuers stated they would stop trading and issuing shares in LUNA-related investment vehicles. In Europe, VanEck, Valour, and 21Shares, which all offer luna ETPs, have ceased issuing shares, citing the network’s recent difficulties, which include two complete shutdowns of […]

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CoinShares Lists Chainlink, Uniswap ETPs on Germany’s Stock Market Xetra

CoinShares has launched new physically-backed exchange-traded products (ETPs) for Chainlink and Uniswap cryptocurrencies. (Read More)

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DeFi Technologies subsidiary Valour surpasses $274 million in AUM

Due to regulatory policies, its ETPs are only currently trading on European exchanges.

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