Latest news with #Grayscale
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a day ago
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Grayscale Wants in on Quantum Computing ETFs
Who says a crypto asset manager has to focus on crypto asset management? There's a world of possibilities out there, and one of the big crypto ETF issuers appears to be branching out. Grayscale filed on Thursday with the Securities and Exchange Commission for the Quantum Computing ETF. The Stamford, Connecticut-based firm started in the US ETF business in 2022 — and, thanks to the move of assets from its Bitcoin Trust to the spot bitcoin ETF it launched in 2024, temporarily had the biggest bitcoin ETF by assets. By August 2024, the significantly cheaper iShares Bitcoin Trust ETF surpassed it. Since then, Grayscale has been building out a line of ETFs with four focused solely on digital assets, two focused on income, two with equities exposure, one dedicated to bitcoin mining companies, and one to adopters of the digital asset. READ ALSO: BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand and Nasdaq Wants to Wrap This $11.5B Altcoin in an ETF The proposed ETF, which is pending SEC approval but could launch by mid August, would be passively managed, tracking an index of companies 'producing proof-of-concept or commercialized quantum computing technologies' and makers of components enabling the technology, according to the prospectus. There is a lot of hype around quantum computing, which benefits from using both the wave and particle natures of matter, though the technology has not been developed in a mainstream capacity yet. It could improve upon the power of classical computers exponentially and make extraordinarily complex calculations in very short times. The technology could even pose a threat to crypto, as it could be used to break the security and gain access to wallets — something BlackRock recently warned investors about. Stop Being Disruptive: There are a handful of tech and artificial-intelligence-focused ETFs with exposure to quantum computing technology. But at least one ETF is already dedicated to the area: the $1.3 billion Defiance Quantum ETF, which launched in 2018. That fund has seen average annualized returns of 21% since inception, per Morningstar. 'It's performed very well,' said Bryan Armour, director of ETF and passive strategies research for North America. Even so, 'investors are pushing to get in early by virtue of the shift in first-mover advantage of new technologies … It's never as smooth as investors would think.' Armour cited examples of other high-flying technology investments that later sputtered, including: The internet (back when it was spelled with a capital 'I') and the dotcom bubble that led to the famous bust. One of the most disruptive technologies over the past century, commercial aviation, has long struggled with profitability, despite its popularity. Spot On: Grayscale is still primarily focused on digital assets. It, along with other firms, is waiting for decisions from the SEC on spot-price Solana and XRP ETFs that it has requested, for example. Whether the company intends to branch out in other ways is a question, but the firm didn't respond to a request for comment. 'Obviously crypto is its core competency, and it made most of its money by offering a private trust,' Armour said. Quantum computing, on the other hand, 'is not a core competency.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
Grayscale Wants in on Quantum Computing ETFs
Who says a crypto asset manager has to focus on crypto asset management? There's a world of possibilities out there, and one of the big crypto ETF issuers appears to be branching out. Grayscale filed on Thursday with the Securities and Exchange Commission for the Quantum Computing ETF. The Stamford, Connecticut-based firm started in the US ETF business in 2022 — and, thanks to the move of assets from its Bitcoin Trust to the spot bitcoin ETF it launched in 2024, temporarily had the biggest bitcoin ETF by assets. By August 2024, the significantly cheaper iShares Bitcoin Trust ETF surpassed it. Since then, Grayscale has been building out a line of ETFs with four focused solely on digital assets, two focused on income, two with equities exposure, one dedicated to bitcoin mining companies, and one to adopters of the digital asset. READ ALSO: BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand and Nasdaq Wants to Wrap This $11.5B Altcoin in an ETF The proposed ETF, which is pending SEC approval but could launch by mid August, would be passively managed, tracking an index of companies 'producing proof-of-concept or commercialized quantum computing technologies' and makers of components enabling the technology, according to the prospectus. There is a lot of hype around quantum computing, which benefits from using both the wave and particle natures of matter, though the technology has not been developed in a mainstream capacity yet. It could improve upon the power of classical computers exponentially and make extraordinarily complex calculations in very short times. The technology could even pose a threat to crypto, as it could be used to break the security and gain access to wallets — something BlackRock recently warned investors about. Stop Being Disruptive: There are a handful of tech and artificial-intelligence-focused ETFs with exposure to quantum computing technology. But at least one ETF is already dedicated to the area: the $1.3 billion Defiance Quantum ETF, which launched in 2018. That fund has seen average annualized returns of 21% since inception, per Morningstar. 'It's performed very well,' said Bryan Armour, director of ETF and passive strategies research for North America. Even so, 'investors are pushing to get in early by virtue of the shift in first-mover advantage of new technologies … It's never as smooth as investors would think.' Armour cited examples of other high-flying technology investments that later sputtered, including: The internet (back when it was spelled with a capital 'I') and the dotcom bubble that led to the famous bust. One of the most disruptive technologies over the past century, commercial aviation, has long struggled with profitability, despite its popularity. Spot On: Grayscale is still primarily focused on digital assets. It, along with other firms, is waiting for decisions from the SEC on spot-price Solana and XRP ETFs that it has requested, for example. Whether the company intends to branch out in other ways is a question, but the firm didn't respond to a request for comment. 'Obviously crypto is its core competency, and it made most of its money by offering a private trust,' Armour said. Quantum computing, on the other hand, 'is not a core competency.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. 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
Yahoo
2 days ago
- Business
- Yahoo
Ethereum Classic Price Prediction - What could affect ETC''s future price?
Ethereum Classic's price faces mixed signals from technicals and network upgrades, with bullish catalysts like EIP-1559 adoption and bearish risks from miner dynamics. Neutral in the short term, bullish long term. - Olympia Upgrade (May 2025) introduced fee burning and DAO governance, adding deflationary pressure. - Technical breakout above $19.65 support could signal a bullish trend reversal. - Mining shifts post-Ethereum's PoS transition strengthen ETC's security but hinge on profitability. The Olympia Upgrade (May 2025) introduced EIP-1559, burning a portion of transaction fees to reduce ETC's supply growth. Combined with the launch of a decentralized treasury and governance DAO, this aims to attract developers and stabilize long-term funding. Historical parallels (e.g., Ethereum's EIP-1559 in 2021) suggest such upgrades can boost sentiment, though short-term price reactions may lag adoption. ETC's position as the largest PoW smart contracts blockchain post-Ethereum's Merge (2022) attracts miners, but competition from Bitcoin, Dogecoin, and Litecoin pressures its hash rate dominance. The recent altcoin season (May 2025) driven by Ethereum's rally has lifted ETC's monthly gains to 23.84%, though Bitcoin's 63.7% market dominance still limits upside. Key levels: Immediate support at $16.76 (78.6% Fibonacci retracement), resistance at $19.70 (23.6%). Indicators: RSI at 41.84 (neutral), MACD histogram negative but narrowing, suggesting weakening bearish momentum. Bull case: A sustained break above the 50-day SMA ($17.47) could retest $24–$28, aligning with analysts' 510% surge targets. ETC's price hinges on the Olympia Upgrade's adoption, Bitcoin's market dominance trends, and mining economics. While technicals hint at consolidation, network upgrades and deflationary mechanics could drive long-term revaluation. Will ETC's emphasis on immutability outweigh scalability concerns in a PoS-dominated market? Ethereum Classic (ETC) is drawing mixed but cautiously optimistic sentiment, with bullish technical forecasts and network upgrades offset by concerns over miner centralization and ETF outflows. - Bullish momentum from May's Olympia Upgrade (EIP-1559, DAO governance) and a technical breakout targeting $127.65. - Miner interest surges post-Ethereum's Merge, but profitability challenges persist. - ETF outflows ($12M from Grayscale's ETHE) signal institutional caution despite retail enthusiasm. The community is divided:- Optimists highlight ETC's May 2025 Olympia Upgrade, which introduced fee burning (deflationary pressure) and decentralized governance via a DAO. Technical analysts like Javon Marks point to a multi-year breakout pattern with a $127.65 target (+510%), supported by the 150-day EMA holding at $19.65 as new support.- Skeptics note overbought RSI/MACD signals and a Fear & Greed Index at 70 (extreme greed), suggesting short-term correction risks. Grayscale's ETHE trust saw $12M outflows on May 1, reflecting institutional hesitancy. Proof-of-Work Revival: ETC has absorbed Ethereum's former miners post-Merge, but rising network difficulty and energy costs threaten small-scale operations. Altcoin Season Linkage: Ethereum's May rally boosted ETC (+23% monthly), though Bitcoin dominance (63.7%) limits sustained altcoin momentum. Regulatory Risks: As a PoW chain, ETC faces scrutiny over energy use, contrasting with Ethereum's staking-driven model. Twitter/X: Traders focus on the $19.50–$19.65 support zone and $24–$28 near-term targets. Telegram/Discord: Developers debate DAO governance efficacy and treasury fund allocation transparency. Reddit: Retail investors question long-term viability against Ethereum's ecosystem dominance. ETC's narrative hinges on balancing technical upgrades with macroeconomic and miner dynamics. While the Olympia DAO and deflationary mechanics attract builders, Bitcoin's market dominance and regulatory headwinds for PoW chains pose hurdles. What catalyst could shift ETC from a "miner's hedge" to a sustainable smart-contract platform? To get the latest update on BONK, visit our Ethereum Classic currency page. Content created: 02 June 2025Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. 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
Yahoo
4 days ago
- Business
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Dogecoin Price Prediction - What could affect DOGE's future price?
Dogecoin price prediction remains uncertain as the coin faces mixed signals—bearish technicals are offset by potential ETF approvals and whale accumulation, while supply dynamics and macro factors continue to add volatility. - Supply inflation (10k DOGE/block) could pressure prices but decreases annually - ETF speculation (SEC decisions in 2025) may drive institutional demand. - Whale activity (41.7% supply control) amplifies price swings. - Technical patterns suggest $0.17-$0.23 range battles - Macro risks (trade wars, rates) threaten crypto-wide selloffs Dogecoin's uncapped supply (currently 149B DOGE) adds 5B new coins annually. While critics argue this creates inflationary pressure, developers maintain:- Fixed block rewards (10k DOGE) make inflation decline yearly (currently ~3.4% vs. 4% in 2023)- Merge-mining with Litecoin ensures network security despite low fees - Failed 2021-2025 proposals to cap supply at 250B kept protocol stable but limited scarcity narratives Bullish drivers:- ETF potential: 21Shares and Grayscale filings under SEC review (68% approval odds per Polymarket)- Whale buying: 3.4B DOGE accumulated since Jan 2025 by top wallets- Patterns: Inverse H&S targeting $0.57 if $0.23 breaks Bearish signals:- MACD divergence: -0.004 histogram signals weakening momentum- Key support: $0.169 (2025 low) aligns with 50-day SMA ($0.194) – breach risks drop to $0.14- Exchange inflows: 7-day net deposits suggest profit-taking Dogecoin's path hinges on whether ETF optimism and whale support override inflation concerns and shaky technicals. Watch the $0.23 resistance and SEC ETF commentary closely. Will macro headwinds derail DOGE's meme-powered resilience, or can ETF approvals spark a supply shock? Dogecoin price prediction reflects mixed sentiment: short-term bearish (-8.7% in 24h) amid market-wide selloffs and Elon Musk's exit from a DOGE initiative, but mid-term bullish (24% gain in 60d) driven by ETF speculation and supportive technical patterns. - ETF optimism: 68–71% approval odds for a DOGE spot ETF in 2025. - Technical momentum: Falling wedge and inverse head-and-shoulders patterns signal potential $0.30–$1 targets. - Macro risks: US-China trade tensions and rising bond yields triggered altcoin selloffs (-6.7% DOGE in 24h). Traders are cautious short-term due to DOGE's correlation with Bitcoin's dip to $104k and $490M liquidations. However, 30-day gains (+17.8%) and rising ETF approval odds reflect lingering optimism. Retail investors on Reddit express skepticism about DOGE's utility, while X (Twitter) memes highlight its 'unstoppable community.' ETF narrative: 21Shares' DOGE ETF filing (acknowledged by SEC on May 14) and Grayscale's similar push dominate discussions. Analysts note parallels to Bitcoin's pre-ETF rally. Whale activity: 3.4B DOGE accumulated since January 2025, with 41.7% supply held by whales (IntoTheBlock). Musk's influence: His exit from a DOGE-linked project sparked FUD, but traders downplay it, citing his past transient crypto involvement. X/Twitter: Focused on technical setups (e.g., 'Diamond Bottom' reversal) and ETF speculation. Telegram/Discord: Highlight DOGE's low transaction fees and upcoming G-Token launch in Thailand as adoption catalysts. Reddit: Skeptical threads question DOGE's lack of protocol upgrades compared to SOL or ADA. DOGE's price hinges on ETF progress and Bitcoin's stability, with technicals suggesting explosive potential if $0.23 resistance breaks. However, macro risks and meme coin volatility warrant caution. Watch this week: Can DOGE decouple from altcoin selloffs if ETF approvals advance? To get the latest update on Doge, visit our Dogecoin currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Litecoin Price Prediction - What could affect LTC's future price?
Litecoin price prediction remains neutral to bullish mid-term, as ETF prospects and favorable technical patterns offer upside, though near-term bearish momentum tempers optimism. Key catalysts will be crucial for sustained growth. - ETF Approval Odds: 68%+ chance for a spot Litecoin ETF in 2025 could unlock $400M+ inflows. - Technical Breakout: Bullish pennant pattern suggests a potential 39% surge to $137–$150 if $98 support holds. - Regulatory Clarity: SEC's ETF decision by October 2025 and CFTC's commodity classification reduce regulatory risk. Spot ETF Momentum: Grayscale's Litecoin Trust (LTCN) trades at a 6% discount to NAV, with analysts projecting approval by October 2025. A successful ETF could mirror Bitcoin's post-ETF trajectory, attracting institutional capital. BitcoinOS Integration: ZK-rollup deployment via LitVM enables trustless cross-chain swaps with Bitcoin and Ethereum, boosting Litecoin's utility in DeFi and RWA markets. Key Levels: Immediate support at $94–$98 (13M LTC accumulated here). A break above $105 resistance could trigger a rally toward $137 (Fibonacci 161.8% extension). Momentum Metrics: RSI at 47 (neutral), but MACD histogram negative (-1.14) signals short-term bearish pressure. The 50-day SMA ($89.10) acts as a critical floor. Altcoin Season: The CMC Altcoin Season Index remains in 'Bitcoin Season' (score: 22), but Litecoin's low correlation to BTC (+0.65) positions it to outperform if capital rotates. SEC Scrutiny: Delays in ETF approvals create uncertainty, but Litecoin's non-security status (per CFTC) and established UTXO model make it a regulatory 'safe bet' compared to newer tokens. Litecoin's price hinges on ETF approvals, technical breakout validation, and broader altcoin market trends. Watch for a close above $105 to confirm bullish momentum, while a drop below $94 risks a retest of $81. Will Litecoin's ZK-rollup adoption outpace regulatory delays to drive its next leg up? Litecoin price prediction leans cautiously bullish, as traders and analysts cite ETF speculation and technical breakouts, though resistance around $105 and ongoing regulatory delays limit short-term upside potential. - ETF momentum: 90% approval odds for a Litecoin ETF by October 2025. - Technical patterns: Ascending triangles and a 7-year symmetrical triangle suggest potential rallies to $110–$150 if key resistances break. - Regulatory delays: SEC's postponed ETF decisions and profit-taking at $105 have caused recent pullbacks. Bullish sentiment dominates due to Litecoin's ETF prospects, with analysts citing parallels to Bitcoin's ETF-driven rallies. However, short-term traders express caution after LTC failed to hold above $105 (May 14–20), triggering a 7% correction to $89.97. The Fear & Greed Index at 61 ('Greed') reflects mixed risk appetite. ETF catalysts: Grayscale's John Hoffman sees a $400–500M inflow potential post-approval, while Valkyrie's CIO calls LTC 'the next ETF to launch.' Technical thresholds: Traders eye $110 as a breakout zone (last tested in March 2025), with $85–$90 acting as critical support. The RSI at 53 suggests room for upward momentum. Macro factors: Fed rate stability and US-China trade détente are seen as tailwinds, per May 15–23 analysis. Bloomberg's Seyffart: 'Approval is a matter of when, not if,' targeting October 2025. CoinPedia: Projects a 2025 high of $231 if ETF approval and Bitcoin's rally align. Bear case: A May 21 AMBCrypto report warns of a drop to $75 if LTC loses $85 support, citing weak Golden Cross signals. Litecoin's narrative hinges on ETF approvals and Bitcoin's market dominance, with technicals favoring bulls above $85. Could a successful ETF launch in Q4 2025 propel LTC to retest its $412 all-time high, or will regulatory delays extend consolidation? To get the latest update on LTC, visit our Litecoin currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. 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
