Latest news with #ETP
Yahoo
14 hours ago
- Business
- Yahoo
Cboe Files for New Generic Listing Standards for Crypto ETPs
The Chicago Board Options Exchange filed for Generic Listing Standards for crypto exchange-traded products on Wednesday—a move that could make a big difference for fund issuers. If the filing is approved, any coin that has futures tracking it for at least six months on Coinbase's derivatives exchange would be approved, Bloomberg Senior ETF Analyst Eric Balchunas said via X. The filing is still subject to comment and review, but could be on a path to finality in less than 60 days, Greg Xethalis, general counsel at crypto investing firm Multicoin Capital, said in a post on X. He added that the New York Stock Exchange and Nasdaq exchange will likely follow in the footsteps of Cboe shortly. What the Generic Listing Standards Could Mean 'The new rule allows an issuer's shares to be listed on an exchange if the underlying commodity to which exposure is given has a contract on a Designated Contract Market for at least 6 months,' Xethalis said. It would also make the possibility of staking—a process in which crypto investors can earn rewards for their transactions—easier via a rule that would require a liquidity risk management program if less than 85% of the assets are available for immediate redemption, per the filing. Solana ETPs, which must be approved by Oct. 10, would qualify this fall under the Generic Listing Standards if they're approved by the agency, Xethalis said. The SEC Is Sitting on Crypto ETP Applications The crypto industry is eagerly awaiting approvals on crypto-related exchange-traded products. 'People have to be patient,' SEC Commissioner Hester Peirce recently said in an interview with Bloomberg's Trillions podcast. 'The SEC could choose to act directly on those ETP 19b-4s before the Oct. 10 Solana deadline and the slightly later XRP deadline, or could run these out under GLS,' Xethalis said. Balchunas said that the process of launching ETFs related to newer alt coins that don't have futures or meme coins would need to come from a different | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
2 days ago
- Business
- Mint
A Quiet SEC Rule Shift Moves Crypto ETFs Closer to Mainstream
(Bloomberg) -- The US Securities and Exchange Commission is fast helping to transform digital assets into a mainstream fixture of US markets. This week, the regulator cleared two key changes: one that streamlines how crypto funds trade, and another that broadens how investors can bet on them. Taken together, the moves signal something larger — an agency that once kept crypto at arm's length is now laying the plumbing to usher it deeper into Wall Street. The SEC on Tuesday authorized the use of in-kind creation and redemption mechanisms for crypto ETPs — a significant shift from the cash-only model that had been required until now. It also approved a tenfold increase in the position limits for options on BlackRock Inc.'s iShares Bitcoin Trust — a move seen as key to accommodating growing institutional demand and deepening liquidity in the crypto options market. While cash versus in-kind redemptions is an arcane subject, it's become a hot topic in the crypto community, especially given the Gary Gensler-led SEC's reluctance to allow broker-dealers to handle crypto. An in-kind redemption is a common mechanism for traditional ETPs like those holding stocks or bonds that allows an authorized participant — typically an institutional investor or market maker — to exchange a large block of ETP shares directly with the issuer for a basket of the underlying assets held by the fund. While this mechanism is relatively straightforward in traditional asset classes, it's far more complex in crypto products due to challenges around custody, security and settlement. 'The biggest takeaway is symbolic. It means there is a new sheriff in town,' said Eric Balchunas, senior ETF analyst at Bloomberg Intelligence. 'Gensler's SEC did not want this to happen. This is the first of what will be several steps toward a more pro-crypto SEC.' Since the debut of dozens of funds tracking Bitcoin and Ether, crypto ETPs have been restricted to cash-only creations and redemptions, somewhat limiting their operational efficiency and tax advantages. 'In approving this longstanding request, the SEC Staff is demonstrating a productive, thoughtful stance on crypto in America going forward,' said Hunter Horsley, chief executive officer of Bitwise Asset Management, which offers its own spot Bitcoin and Ether funds. 'It's great news.' All in, it's a technical tweak but it marks another step toward digital assets fitting into the financial mainstream. It won't impact things for end-investors anytime soon, but for ETF professionals the regulatory blessing removes a sign of crypto's second-class status. 'Having in-kind creation/redemption issue will simply give the ETPs better plumbing,' Balchunas said. But 'it won't make a meaningful difference to end-investors.' The SEC said it will approve on a 'merit-neutral approach' other crypto-based products, including applications that seek to hold mixed products like Bitcoin and Ether. The regulator also gave the green light to a Nasdaq proposal to increase a position limit for options on BlackRock's IBIT to 250,000 contracts, up from 25,000. Even under the more onerous cap, open interest in IBIT-linked options has more than tripled this year to around $34 billion, a scale that signals the fund's emergence as a core engine of crypto risk pricing. Daily volumes have averaged $4 billion in recent trading, surpassing heavyweight funds in credit and emerging markets. Only the most liquid ETFs tied to US equities, gold and small caps trade more actively. 'This will help bring in bigger institutions and be helpful during volatility,' Balchunas said in a social media post. --With assistance from Nicola M White. (Update with details of IBIT options limit increase) More stories like this are available on
Arabian Post
3 days ago
- Business
- Arabian Post
CoinShares launches innovative zero-fee ETP for SEI token
CoinShares has introduced an exchange-traded product designed to offer investors exposure to the SEI token, with a unique value proposition: zero management fees and staking rewards. The ETP, set to launch across multiple European markets, aims to attract both retail and institutional investors who are keen to participate in the burgeoning sector of digital assets. The SEI ETP is being heralded as a groundbreaking development within the cryptocurrency investment space, as it lowers the barriers to entry for investors looking to capitalise on the SEI token. By eliminating management fees, CoinShares has created a highly competitive product that promises higher returns for investors. Moreover, the staking rewards component adds a unique dimension to the offering, allowing investors to earn additional yield from their SEI holdings, further enhancing the attractiveness of the ETP. This launch comes at a time when cryptocurrency investment products are experiencing increasing demand across Europe. With growing interest from institutional investors, particularly in the wake of global market fluctuations and economic uncertainty, innovative financial products like the SEI ETP are gaining significant traction. The move by CoinShares is a response to this rising demand, reflecting the company's commitment to making digital asset investments more accessible and cost-effective. ADVERTISEMENT CoinShares has long been a prominent player in the digital asset investment space. Known for its strong track record in launching exchange-traded products, the company has consistently pushed the boundaries of what is possible in terms of product innovation. The SEI ETP is part of the firm's broader strategy to expand its range of offerings, catering to a diverse array of investors, including those who are new to the world of digital assets. The SEI token, the underlying asset of the new ETP, is a relatively new entrant to the cryptocurrency market. However, it has been gaining momentum due to its strong fundamentals and the innovative approach behind its creation. The staking rewards aspect is particularly appealing, as it provides investors with an additional income stream beyond the typical price appreciation of the token. Europe's regulatory environment for cryptocurrencies has played a pivotal role in enabling the successful launch of such products. With the European Union's comprehensive framework for digital assets gaining momentum, including the MiCA regulation, investors have greater confidence in the safety and legitimacy of cryptocurrency investment products. CoinShares, leveraging its expertise and reputation, is well-positioned to navigate this complex regulatory landscape, providing assurance to investors. The ETP will be listed on major European exchanges, making it easily accessible to a broad spectrum of investors. The zero-fee structure makes it highly appealing to those looking to reduce the cost of investment, while the staking rewards make it an attractive option for those seeking passive income opportunities in the digital asset space. Furthermore, the ETP is designed to cater to both institutional and retail investors, broadening its potential market reach. While the SEI ETP promises to be an attractive product for a wide range of investors, some industry experts caution that investors should remain mindful of the volatility that typically accompanies cryptocurrency markets. Although the SEI token has shown promising growth potential, like all digital assets, it is subject to significant price fluctuations. Staking rewards, while appealing, also come with their own set of risks, particularly if the underlying asset's value decreases. Despite these risks, the growing demand for innovative, low-cost cryptocurrency products remains a driving force in the market. CoinShares' zero-fee SEI ETP is expected to capture a significant share of the market, particularly as investors look for new ways to participate in the digital asset space without incurring high management fees. By offering a product that aligns with investor desires for yield and low-cost access, CoinShares has further cemented its position as a leader in the digital asset investment space.
Yahoo
23-07-2025
- Business
- Yahoo
Bitwise CIO on Ether's ‘Demand Shock': Why ETH's Rally Has Staying Power
Ether's recent price action may be fueled by more than just sentiment. According to Bitwise Asset Management Chief Investment Officer Matthew Hougan, the world's second-largest crypto asset is undergoing what he calls a 'demand shock,' driven by surging inflows into exchange-traded products and new corporate treasury strategies. In a thread posted Tuesday on X, Hougan broke down why he believes ether's rally is only getting started. Since mid-May, he estimates that spot ETH exchange-traded products (ETPs) and corporate treasuries have acquired a combined 2.83 million ETH — roughly $10 billion at current prices. That's 32 times greater than the amount of net new ETH issued during the same period. 'Sometimes, it really is that easy,' Hougan wrote, referencing the role of supply and demand in determining short-term prices. He noted that while bitcoin has benefited from this dynamic for more than a year, ETH only began experiencing the same effect recently. According to Hougan, spot ether ETPs launched in July 2024, but saw limited traction through the first half of 2025. By May 15, total inflows stood at just $2.5 billion, with ETPs acquiring about 660,000 ETH — closely matching the 543,000 ETH newly minted by the network. During this period, he says, ETH lacked the same support that drove bitcoin higher: 'There were no major Ethereum Treasury Companies to speak of.' That changed in the past two months. Hougan pointed to the emergence of publicly traded treasury holders like BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET), which have accumulated hundreds of thousands of ETH while staking for yield. With ETP momentum also accelerating, the combined pressure has created a structural supply imbalance. Looking ahead, Hougan predicts demand could rise even further. If treasury firms and ETPs purchase $20 billion in ETH over the next 12 months — as he believes they could — that would equate to roughly 5.33 million ETH at today's prices. By comparison, Etherfeum is projected to issue just 800,000 new ETH over the same timeframe. 'ETH is of course different from BTC,' he acknowledged. 'Its price is not set purely by supply and demand, and it doesn't share BTC's capped long-term issuance. But right now, that doesn't matter.' At the time of writing, ETH is trading at $3,658, down 0.69% in the past 24 hours, according to CoinDesk Data. Over the past seven, 14, and 30 days, it is up 15.8%, 40.1%, and 62.5%, respectively. Technical Analysis Highlights According to CoinDesk Research's technical analysis data model, ETH traded in a $134.34 range from July 22 at 10:00 UTC to July 23 at 09:00 UTC, swinging between $3,763.70 and $3,629.35. Institutional resistance emerged near the $3,750–$3,760 zone during July 22's evening session, with volume peaking at 445,297 contracts. Ether slid 1% during final trading hours, closing at $3,661.35, as corporate sellers stepped in above $3,740. The $3,700 mark has become a key pivot, acting as both support and resistance as corporate positioning flattens. Volume spikes above $3,740 suggest large-scale distribution and potential near-term consolidation. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
ICP Gains Ground as AI Buzz, Valour ETP Listing Boost Institutional Visibility
Internet Computer (ICP) extended its recovery, holding above $5.50 to trade nearly 1% higher in the last 24 hours. As altcoin markets continued to ride the wave of AI token enthusiasm, ICP benefited from a double tailwind: robust on-chain volume dynamics and the debut of a regulated staking exchange-traded product (ETP) in Switzerland. Valour, a digital asset investment subsidiary of DeFi Technologies (DEFT), listed the 1Valour Internet Computer (ICP) ETP on the SIX Swiss Exchange, marking the first time institutional investors in the country can access native ICP staking rewards through a fully regulated, exchange-traded product. The listing enhances ICP's visibility in traditional markets and offers secure exposure to blockchain yield. This backdrop supported a $0.29 trading range for ICP, between $5.49 and $5.77 (a 5.12% spread), according to CoinDesk Research's analytical model. The token surged to a high of $5.77 by 21:00 UTC on July 16 before settling into a volatile range. The launch of the Caffeine AI platform, which allows users to build dapps using natural language, has positioned ICP prominently within the AI token category. High-volume inflows confirmed institutional interest at key support levels: $5.52 and $5.61, where 830,331 and 965,873 tokens traded, according to CoinDesk's technical analysis data model. As AI and staking utility converge, ICP now sits at the intersection of two key crypto narratives. The combined momentum from Valour's listing, altcoin strength and Caffeine's rollout suggest the token may be building toward a renewed challenge of the $5.77 resistance zone. Technical Analysis Highlights ICP traded between $5.49–$5.77, covering a $0.29 range (5.12%). Early surge peaked at $5.77 before retracing; support held at $5.52 and $5.61. Institutional-sized volume: 830K+ and 965K+ units traded at those support levels. Valour launched 1Valour ICP ETP with staking yield built-in on SIX Swiss Exchange. Final hour saw sharp move from $5.68 to $5.56 before stabilizing at $5.62. High-volume breach at $5.65 featured 121K tokens traded in a single minute. Overall volume trend reflects growing institutional and AI-aligned interest. Current price: $5.5883, holding mid-range with resistance at $5.77 in view. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
