Latest news with #ETPs
Crypto Insight
9 hours ago
- Business
- Crypto Insight
SEC approves in-kind creations and redemptions for crypto ETPs
The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), giving authorized representatives the ability to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the securities regulator stated that approved Bitcoin and Ether funds will be permitted to create and redeem shares on an in-kind basis. 'It's a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,' SEC Chairman Paul Atkins said in a statement. Atkins said the new rules will make crypto ETPs 'less costly and more efficient.' 'In-kind creation and redemption provide flexibility and cost savings to ETP issuers, authorized participants, and investors, resulting in a more efficient market,' said Jamie Selway, director of the Division of Trading and Markets at the SEC. In the context of the already approved spot crypto exchange-traded funds (ETFs), in-kind redemptions allow investors to receive the underlying assets, such as Bitcoin or Ether, instead of cash when redeeming shares. This method is generally considered more efficient, as it enables the fund's authorized participants to avoid selling the assets on the market, potentially reducing transaction costs. Regulatory momentum builds around crypto ETFs and policy reform When the SEC approved spot Bitcoin and Ether ETFs in 2024, it only allowed cash redemptions, withholding approval for in-kind creations and redemptions. Since then, momentum has steadily shifted toward embracing in-kind mechanisms. At the Bitcoin Policy Institute conference last month, SEC Commissioner Hester Peirce acknowledged the growing interest in permitting in-kind redemptions. This shift reflects a broader industry trend toward more pro-crypto policy, largely driven by the Trump administration's commitment to supporting the sector's growth. The movement gained further traction earlier this month when Congress passed three significant crypto-related bills addressing market structure, stablecoins and the prevention of a surveillance-oriented central bank digital currency. Amid the broader pro-industry policy shift, demand for crypto ETFs continues to grow. As Cointelegraph reported, US spot Bitcoin ETFs recently recorded a 12-day streak of inflows, bringing in $6.6 billion in assets. Collectively, US Bitcoin ETFs now hold more than 1.298 million BTC, valued at approximately $152.1 billion, according to Bitbo data. Momentum is also building around Ether ETFs. BlackRock's iShares Ethereum ETF recently surpassed $10 billion in assets in just 251 days, making it the third-fastest fund to reach that milestone. Source:
Time Business News
23-07-2025
- Business
- Time Business News
Ethereum's July Surge: Institutional Inflows Drive Price to 2025 High
Ethereum's price gained significant momentum in July 2025, fueled by substantial institutional investment and ETF inflows. Ethereum's price surged 49.4% in July 2025, reaching $3,715. The cryptocurrency's value increased by 64% over the past 30 days. Institutional demand, driven by ETF inflows and corporate acquisitions, created a 32x supply-demand gap. Over 2.83 million ETH, valued at approximately $5 billion, were purchased by ETPs and corporate entities since May 15, 2025. Projections indicate an additional $20 billion in inflows over the next 12 months, further tightening supply. The cryptocurrency market witnessed a significant shift in July 2025, with Ethereum (ETH) demonstrating a remarkable upward trajectory. The digital asset's price surged by an impressive 49.4% within the month, reaching a value of $3,715. This performance marks Ethereum's strongest single-month gain in 2025, significantly outperforming other major cryptocurrencies like Bitcoin (BTC) and XRP. Over the past 30 days, ETH recorded a 64% increase, contrasting sharply with Bitcoin's 1.7% and XRP's 21.1% gains during the same period. This resurgence follows an earlier bearish phase, with Ethereum now having climbed over 150% from its April 2025 low. The sustained positive daily closes, including a 47.86% jump between July 8 and July 21, underscore the robust momentum driving this rally. Institutional Demand Fuels Ethereum's Ascent The primary catalyst behind Ethereum's recent surge is a significant increase in institutional demand. This demand is largely driven by substantial inflows into Exchange-Traded Products (ETPs) and strategic acquisitions by corporate entities. Since May 15, 2025, over 2.83 million ETH, equivalent to approximately $5 billion, have been purchased by these institutional players. This aggressive accumulation has created a considerable supply-demand imbalance, with the demand outstripping the limited supply growth by more than 32 times. During the same period, the Ethereum network issued only 88,000 new ETH, further tightening the available supply. Experts in the cryptocurrency space, such as Matt Hougan, emphasize that this imbalance is a key factor in the price appreciation. The growing institutional appetite for Ethereum is evident as companies like Bitmine and SharpLink have publicly expanded their ETH holdings. These entities are not merely holding the asset but are also engaging in staking, a process where they lock up their ETH to support network operations and earn yield. This trend highlights Ethereum's evolving role within institutional portfolios, solidifying its position as both an investment vehicle and a productive asset. Future Projections and Market Outlook The demand trajectory for Ethereum appears set to continue its upward trend. Projections suggest that an additional $20 billion could flow into Ethereum through ETFs and corporate treasuries over the next 12 months. This influx would equate to approximately 5.33 million ETH. In contrast, the network is anticipated to issue only 800,000 ETH during this period, indicating a further tightening of supply. If institutional buying persists at this rate, sustained upward pressure on Ethereum's price is highly probable. While reaching the $10,000 mark remains a subject of speculation, the current fundamental indicators suggest a strong case for Ethereum to continue outperforming other major cryptocurrencies. The market is closely observing these developments to ascertain whether this rally signifies the beginning of a broader bull market for Ethereum. The surge in price is not merely a short-term market fluctuation but reflects a deepening institutional confidence in Ethereum's foundational role as the leading smart-contract platform. This validation is further reinforced by its increasing adoption in decentralized finance (DeFi) and various enterprise applications. The interplay between robust demand and inherent supply limitations will be a critical factor in determining Ethereum's future price movements. For more insights into Ethereum's price movements, particularly as it approaches significant milestones, readers can refer to articles discussing its performance, such as the recent report on regarding ETH approaching $4,000. [1] Additionally, for those interested in the technical aspects of managing Ethereum, including Ethereum hosting solutions, further information can be found on TIME BUSINESS NEWS
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
Crypto Insight
20-07-2025
- Business
- Crypto Insight
Charles Schwab plans to launch Bitcoin, Ether spot trading, CEO says
Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry's crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients' total wealth, around $25 billion out of $10.8 trillion. 'We anticipate launching Bitcoin and Ether sometime soon so that our clients have access to that,' he said. 'We think that will be an acceleration of our growth.' The CEO claimed that many clients currently keep 98% of their wealth with Schwab but hold just 1% to 2% of their crypto assets with digital-native firms. 'They really want to bring it back to Schwab because they trust us. They want us to sit alongside their other assets,' he added. Schwab to compete against Coinbase Wurster said that Schwab is 'absolutely' looking to compete against crypto exchanges like Coinbase by introducing spot crypto trading. 'If they're buying their crypto at Coinbase, we would love to see them bring their crypto back to Schwab,' he said. Earlier this year, Wurster said the company expects an April 2026 launch window to provide spot Bitcoin trading services to Schwab clients. At the time, he cited a 400% increase in traffic to Schwab's crypto website as evidence of investor interest in digital assets. Schwab has increased its involvement in the crypto sector amid growing regulatory clarity. In 2025, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve rescinded earlier restrictive guidelines issued after the FTX collapse. The change allows banks to participate in crypto activities such as custody and trading. Following approval from the US Securities and Exchange Commission, Schwab added Bitcoin and Ether ETFs to its platform. The company also provides other crypto-related products, including mixed ETFs, mutual funds, and Bitcoin options, according to its website. Institutions ramp up crypto investments A survey conducted in March by Coinbase and EY-Parthenon found that 83% of institutional investors intend to increase their crypto holdings in 2025, with many already investing in altcoins beyond Bitcoin and Ether. The survey identified XRP and Solana as the most favored assets among respondents. It also showed that most expect to allocate 5% or more of their portfolios to cryptocurrencies this year. Similarly, a May report by Fireblocks found that 90% of institutional players are using or exploring stablecoins, with almost half already deploying them for payments. Source:
Yahoo
16-07-2025
- Business
- Yahoo
Goldman Sachs Upgrades WisdomTree (WT) to Neutral, Raises PT
WisdomTree, Inc. (NYSE:WT) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 26, Goldman Sachs analyst Alexander Blostein upgraded WisdomTree, Inc. (NYSE:WT) from 'Sell' to 'Neutral' and raised the price target from $9.50 to $11.90. The research firm sees encouraging signs that WisdomTree, Inc. (NYSE:WT) is experiencing broader and faster fund flows, which are expected to drive unique organic base fee growth in the coming years. Goldman Sachs pointed out that the company's mix of flows is becoming more diversified. A global investment advisor discussing their innovative fund offerings with a client. The analyst told investors in a research note that WisdomTree, Inc. (NYSE:WT) has averaged about 9% organic growth over the past three years. Goldman Sachs expects this positive trend to continue and projects mid-to-high single-digit growth in organic base fees through 2027. Additionally, the firm increased its earnings per share estimates for WisdomTree, Inc. (NYSE:WT). The new forecasts are $0.73 for 2025, $0.84 for 2026, and $0.95 for 2027. These are above the firm's previous estimates of $0.72 for 2025, $0.78 for 2026, and $0.84 for 2027. WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. WisdomTree, Inc. (NYSE:WT) is an innovative company in the financial sector that specializes in exchange-traded products (ETPs), including ETFs, and also operates as an asset manager. While we acknowledge the potential of WT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
