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Tag: ETF

  • Cryptex Allocates 4.88 Percent XRP Weighting in US Digital Asset ETF Filing

    Cryptex Allocates 4.88 Percent XRP Weighting in US Digital Asset ETF Filing

    Cryptex Finance assigned a 4.88 percent weighting to XRP in an amended registration statement submitted to the US Securities and Exchange Commission for its proposed Digital Market Cap ETF. The fund, set to list under the ticker BAGZ, tracks a diversified digital asset index where XRP held a 4.36 percent baseline weight before eligibility screens.

    The filing includes language suggesting Ripple could retain higher quantities of XRP from its monthly escrow distributions if federal rules become clearer, directing those tokens toward liquidity for stablecoin and foreign exchange trading pairs. That language appeared without an attributed source or direct confirmation from Ripple representatives, drawing scrutiny from institutional market watchers and legal analysts who follow cross-border digital payment infrastructure.

    Escrow releases and market liquidity

    Ripple locked 55 billion XRP into 55 monthly escrow contracts of 1 billion tokens each to ensure predictable distribution. Under current ledger mechanics, the company cannot unlock tokens ahead of schedule, but it regularly decides how much of each released tranche returns to new escrow contracts. Historically, Ripple returns between 60 percent and 80 percent of each monthly 1-billion token release, keeping the remainder for operational reserves and institutional sales.

    Retaining a higher portion of monthly releases would expand secondary market circulating supply for cross-border liquidity rails. For digital asset fund managers and trading desks operating between Asia and North America, any shifts in circulating XRP balances directly alter transaction depth on major exchange corridors.

    Regulatory timeline for the CLARITY Act

    Cryptex tied its liquidity assumptions to legislative momentum around the CLARITY Act, a federal measure designed to provide an explicit regulatory framework for digital asset markets in the United States. The Senate Banking Committee cleared the bill in May on a 15-9 vote.

    Procedural action on the bill heads to the Senate floor in September, where broader legislative debate will determine whether digital asset issuers gain the regulatory protections required to restructure their asset distribution models.

  • Bitcoin Leads Crypto Recovery with 1.55 Trillion Dollar Market Cap

    Bitcoin Leads Crypto Recovery with 1.55 Trillion Dollar Market Cap

    Bitcoin rebounded to 77,676 dollars following a 22 per cent rally over 14 days, outpacing Ethereum and XRP in market resilience despite prolonged sector-wide corrections throughout 2026.

    The two-week market surge followed an announcement by the US Treasury that it would double long-end bond buybacks, forcing traders to liquidate roughly 3.3 billion dollars in short positions across crypto derivatives. Ethereum climbed 29 per cent to 2,440 dollars during the same window, while XRP advanced 33 per cent to 1.38 dollars.

    Institutional Inflows Support Spot Valuations

    Institutional demand continues to anchor Bitcoin trading volumes. US spot Bitcoin exchange-traded funds recorded 242.24 million dollars in net inflows on August 27, extending an uninterrupted nine-day buying streak. Corporate buyers including Strategy and sovereign holders such as El Salvador expanded their balance sheet holdings, constraining circulating liquidity across primary exchanges.

    Ethereum relies on structural supply limits rather than spot ETF velocity. Network validators have staked nearly 47 per cent of total circulating Ethereum, locking up volume as institutional asset managers test tokenized bonds and equities on the network.

    XRP recorded 155.98 million dollars in net inflows across spot funds over a three-week period without a single day of net redemptions. The token’s circulating supply stands near 62 billion coins, giving it an 86 billion dollar market cap compared to Ethereum’s 294 billion dollars and Bitcoin’s 1.55 trillion dollars.

    Legislative Filings and Price Resistance

    Regulatory decisions in Washington now dictate secondary market pricing for alternative tokens. The US Senate faces a cloture vote on the CLARITY Act on September 15, which aims to formally classify XRP as a digital commodity under federal law.

    For digital asset treasuries across Asia and global trading desks, Bitcoin remains the primary defensive allocation during macro tightening cycles. While high-beta assets like XRP gain faster during sharp liquidity squeezes, Bitcoin holds nearest to its prior peak, trading 38 per cent below its October 2025 high of 126,198 dollars compared to a 64 per cent deficit for XRP.

    Traders now track the September 15 Senate vote alongside daily US spot ETF subscription data to gauge whether institutional accumulation can sustain current price floors.

  • Blackrock Launches ‘Swiss’ Bitcoin ETP in Europe

    Blackrock Launches ‘Swiss’ Bitcoin ETP in Europe

    On Tuesday, Blackrock launched the iShares Bitcoin ETP, providing European investors with access to Bitcoin without the need to directly trade or hold the cryptocurrency.

    The securities are backed by Bitcoin held by Coinbase, which is also responsible for the custody solution and the process controls safeguarding the private keys. For the iShares Bitcoin ETP, the Bitcoins are transferred daily from the trading wallet to segregated offline wallets («cold storage»).

    There’s a lot of Switzerland in the iShares Bitcoin ETP. BlackRock Switzerland played a key role in its development, said Dirk Klee, Country Head for Switzerland.

    The iShares Bitcoin ETP carries a total expense ratio (TER) of 25 basis points, with a temporary reduction to 15 basis points in effect through the end of the year. The underlying Swiss special purpose vehicle (SPV) is exempt from Swiss stamp duty on both purchases and sales.

    Blackrock took its time before launching the iShares Bitcoin ETP. Ultimately, it was the evolution of the cryptocurrency space in recent years—combined with growing client demand—that prompted the firm to move forward.

    «We believe ETPs can play a key role in building a bridge between crypto and traditional finance, due to their efficiency and ease of use,» said Klee. For investors with appropriate governance frameworks and sufficient risk tolerance, a 1% to 2% allocation to Bitcoin in multi-asset portfolios is justifiable, he added.

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  • SEC Authorizes Spot Bitcoin ETFs

    SEC Authorizes Spot Bitcoin ETFs

    The Securities and Exchange Commission has delivered a landmark approval of spot Bitcoin exchange-traded funds. This is a highly anticipated event that is expected to further crypto’s entry into mainstream finance.

    The US Securities and Exchange Commission (SEC) has approved 11 applications for spot Bitcoin exchange-traded funds (ETF), including those from BlackRock, Ark Investments, Fidelity, Invesco and more.

    Since 2004, this agency has had experience overseeing spot non-security commodity exchange-traded products (ETPs), such as those holding certain precious metals. That experience will be valuable in our oversight of spot bitcoin ETP trading,» said SEC chairman Gary Gensler in a statement highlighting investor protection.

    Despite approving the inaugural entry of spot Bitcoin in the ETF industry, Gensler noted that this did not reflect positive sentiments about the digital asset class.

    Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while, in contrast, bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing,» Gensler added.

    While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,» he said.

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  • UBS Serves Up Crypto ETFs in Hong Kong

    UBS Serves Up Crypto ETFs in Hong Kong

    Switzerland’s largest bank is following in the tracks of HSBC by allowing wealthy clients to trade crypto exchange-traded funds in the city.

    A selection of three crypto-ETFs related to Bitcoin and Ethereum were available on a UBS trading platform for wealthy clients as of Friday.

    The funds had been approved by the Securities & Futures Commission (SFC), with the source, who requested to remain anonymous, indicating that clients could access educational material related to the funds. UBS declined to comment on the matter, the news agency showed.

    Hong Kong implemented a new digital licensing regime related to digital assets on June 1 to both promote digital asset trading while also ensuring that investors remain duly protected.

    Zug-based Seba Bank, one of two Swiss crypto-banks, was licensed by the SFC earlier this week. The step will allow it to engage in various activities and advisory services related to securities, OTC derivatives, and structured products related to underlying virtual or digital assets.

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  • Central Banks Buy the Most Gold in Over 50 Years

    Central Banks Buy the Most Gold in Over 50 Years

    Gold kicked off the new year better than it has in a long time. The precious metal is benefitting from extraordinary trends.

    Demand for gold was stronger last year than it has been in more than a decade, the World Gold Council (WGC) said in its report on demand trends in the fourth quarter and the full year of 2022.

    On Tuesday, the WGC also celebrated the 30th anniversary of its study on gold demand trends, which examines the cornerstones of physical gold market demand.

    Overall, global gold demand, excluding OTC, rose 18 percent to 4,741 metric tons in 2022, almost the same amount as 2011, and the strong full-year result was supported by record demand of 1,337 tonnes in the fourth quarter.

    The exceptionally high demand was due to «massive» buying by central banks and supported by strong retail investor buying and slower outflows from exchange-traded funds, according to WGC.

    The second consecutive quarter of heavy central bank demand drove annual purchases in the sector to a 55-year high of 1,136 metric tons. In the year-end quarter, central banks bought 417 tons of gold, on top of the nearly 400 tons they acquired in the third quarter. As in the third quarter, most gold purchases were unreported.

    Private investors also contributed to the demand boom, with global demand for bars and coins rising to a nine-year high of 1,217 tonnes, up 2 percent from a year earlier.

    The second half of the year was particularly strong, with demand hovering around 340 tons for two consecutive quarters for the first time since 2013. The need for asset protection in a global inflationary environment remained a key motivator for purchasing gold, the report said.

    At the same time, gold exchange-traded fund (ETF) holdings declined less than they did a year, falling 110 tons compared to a drop of 189 tons. Total investment demand, not taking into account OTC activity, rose 10 percent last year to 1,107 tons.

    For the current year, the WGC sees improved ETF demand, especially since interest rate hikes are likely to be less of a problem. However, central bank purchases are unlikely to return to 2022 levels, the industry association added. Continued dollar weakness, rising recession risks, and increased geopolitical risks would support gold.

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  • Goldman Sachs Asset Management Files for Crypto-Linked ETF

    Goldman Sachs Asset Management Files for Crypto-Linked ETF

    Goldman Sachs continues ramping up its crypto-related efforts with the latest filing for an exchange-traded fund that will track related companies.

    Goldman Sachs’s asset management unit filed for an application with the U.S. Securities and Exchange Commission to offer an exchange-traded fund (ETF) focused on crypto-related companies.

    The Goldman Sachs Innovate DeFi and Blockchain Equity ETF will track the Solactive Decentralized Finance and Blockchain Index, according to the filing which is seeking approval as soon as practicable after the effective date of the Registration Statement».

    Goldman Sachs has been increasingly expanding its cryptocurrency offering in recent months.

    The bank reportedly restarted its crypto trading desk in March to deal bitcoin futures and non-deliverable forwards to support clients like hedge funds. And in June, it also announced plans to offer options and futures trading in ether – the second-largest cryptocurrency behind bitcoin.

    Goldman Sachs is not the lone Wall Street giant eyeing crypto opportunities with U.S. rivals J.P. Morgan recently opening access for its wealth clients to five related funds and BNY Mellon joining a crypto consortium that includes State Street and six unnamed banks.

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  • Huobi Launches Cryptocurrency ETF

    Huobi Launches Cryptocurrency ETF

    Crypto trading venue Huobi Pro has launched what it says is the world’s first cryptocurrency exchange-traded fund (ETF) targeted at retail investors.

    Announced on Friday, the Singapore-based exchange’s new product — called HB10 — allows investors to purchase shares in a basket of cryptocurrencies based on the firm’s recently launched benchmark index, the Huobi 10.

    Investors can subscribe to the cryptocurrency ETF using bitcoin, ether, USDT, or Huobi tokens. The fund has a minimum investment of roughly $100, depending on the current prices of each asset.

    There is some debate about whether HB10 should truly be called a cryptocurrency ETF since it does not trade on a regulated securities exchange as conventional ETFs do and cannot be held in conventional brokerage accounts.

    Nevertheless, Huobi is the latest in a growing list of investment firms that have launched funds that track an index of cryptocurrencies, a group that includes Grayscale Investments, Coinbase, and Bitwise Asset Management.

    What sets HB10 apart is that it can be purchased by retail investors with a very minimal initial investment, while the others are restricted to accredited investors willing to plunk down tens of thousands of dollars — or more. Coinbase, for instance, currently requires an initial contribution of $250,000 for its index product.

    Shares of the fund will initially trade against USDT on Huobi Pro, though the website suggests that the exchange will open up trading pairs against other coins in the future. Investors will also be able to swap shares of the fund for the underlying assets in real time, which should help ensure that the value of the fund remains linked to its net asset value (NAV).

    In the US, numerous fund providers have attempted to list cryptocurrency-based ETFs on regulated securities exchanges, but the Securities and Exchange Commission (SEC) has thus far refused to approve any of these proposals.

    A Huobi spokesperson confirmed to CCN that the product would have the same regional limits as the wider trading platform, meaning that investors in some countries — including the US — will not be able to invest until Huobi Pro launches in those jurisdictions.

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