News with the tag "spot etf"

Key Takeaways: The SEC has approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF. GDLC holds Bitcoin, Ethereum, XRP, Solana, and Cardano, with BTC and ETH comprising over 91% of the portfolio. The conversion introduces one of the first SEC-approved multi-asset cry...

The cryptocurrency market is abuzz with heightened anticipation as leading Bloomberg ETF analysts, James Seyffart and Eric Balchunas, have significantly raised the approval odds for spot Exchange-Traded Funds (ETFs) tracking Solana (SOL), Litecoin (LTC), and XRP. Their latest assessment puts the pro...

The US Bitcoin Spot ETFs have been one of key bullish drivers of the present market cycle, heralding an influx of institutional investors into the BTC ecosystem. In 18 trading months, these ETFs have acquired 6.25% of the Bitcoin market cap cementing their status as a major force in the market. Inte...