BitcoinWorld Crypto ETFs: 21Shares’ Pivotal Momentum with New SEC Filings for FTSE Indexes The world of cryptocurrency investment is constantly evolving, and a recent development from 21Shares is certainly making waves. If you’ve been following the journey of digital assets into mainstream finance, you know that the approval of a Crypto ETFs has been a long-awaited milestone. Now, we’re seeing significant strides towards that future, potentially opening new avenues for investors seeking exposure to this dynamic asset class. What’s Behind 21Shares’ Latest SEC Filing? On July 18, 21Shares US, a prominent player in the digital asset ETP space, announced a significant move that could reshape the landscape of cryptocurrency investment . They filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two innovative new funds: the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The first, the 21Shares FTSE Crypto 10 Index ETF , aims to track a market cap-weighted index comprising the world’s ten largest crypto assets. This means it offers broad exposure to the top performers in the digital asset space, providing a diversified entry point for investors. The second, the 21Shares FTSE Crypto 10 ex-BTC Index ETF , follows an FTSE Russell index specifically designed to exclude Bitcoin. This provides an alternative for investors seeking diversification beyond the largest cryptocurrency, focusing on the broader altcoin market. This latest SEC filing highlights 21Shares’ continued commitment to bringing regulated, accessible investment products to the U.S. market, building on their existing presence and experience in the European digital asset space. Why are FTSE Indexes Significant for These Crypto ETFs? The choice to track FTSE indexes is a critical aspect of these new filings. FTSE Russell is a globally recognized provider of indexes, known for its rigorous methodology and independent governance. Their involvement adds a layer of credibility and familiarity for traditional investors who might be hesitant about direct crypto exposure. For a Crypto ETFs to track an index from a reputable provider like FTSE Russell means: Standardization: It provides a clear, transparent, and rules-based methodology for asset selection and weighting, ensuring consistency and reliability. Credibility: Lends institutional legitimacy to the underlying crypto assets, potentially attracting a broader range of investors who trust established financial benchmarks. Accessibility: Makes it easier for financial advisors and institutional investors to integrate crypto exposure into diversified portfolios, as they are already familiar with FTSE Russell’s benchmarks. This collaboration underscores a growing trend where established financial infrastructure is adapting to accommodate digital assets, bridging the gap between traditional finance and the crypto world. What Benefits Do These New Crypto ETFs Offer Investors? These proposed Crypto ETFs could unlock several compelling benefits for investors looking to participate in the burgeoning digital asset market: Simplified Access: Instead of navigating crypto exchanges, managing private keys, or understanding complex blockchain technology, investors can gain exposure through a traditional brokerage account, just like any other stock or ETF. Diversification: The FTSE Crypto 10 Index ETF offers diversified exposure to a basket of top cryptocurrencies, mitigating risk associated with investing in a single asset. The ‘ex-BTC’ version provides an avenue for diversification within the altcoin market, catering to different investment strategies. Regulatory Oversight: Being registered with the U.S. SEC means these funds would operate under a robust regulatory framework, offering a layer of investor protection not always present in direct crypto investments. Liquidity: ETFs are generally highly liquid, allowing investors to buy and sell shares throughout the trading day at market prices, offering flexibility and ease of trading. This development is particularly exciting for institutional investors and wealth managers who have been seeking regulated and familiar vehicles for cryptocurrency investment . Navigating the Road Ahead: Challenges for SEC Filing and Crypto ETFs While the filing by 21Shares is a positive step, the path to approval for Crypto ETFs in the U.S. has historically been challenging. The SEC filing process is rigorous, and the SEC has maintained a cautious stance on spot crypto ETFs, primarily citing concerns around market manipulation and investor protection. Key considerations and potential hurdles include: Regulatory Scrutiny: The SEC will thoroughly examine custody arrangements, valuation methodologies, and the underlying market’s surveillance capabilities to ensure investor safety. Market Volatility: The inherent volatility of the crypto market remains a concern for regulators, who prioritize stability and predictability in regulated financial products. Precedent: While Bitcoin futures ETFs have been approved, a spot Bitcoin ETF (or broader crypto ETF) approval has remained elusive, setting a high bar for new filings and requiring significant reassurances regarding market integrity. Despite these challenges, the sheer volume of applications and the increasing institutional interest suggest that the approval of more diverse Crypto ETFs could eventually become a reality. Each SEC filing contributes to building a stronger case for broader acceptance and understanding within regulatory bodies. What Does This Mean for Cryptocurrency Investment? The continuous efforts by firms like 21Shares to launch regulated Crypto ETFs signify a broader trend: the mainstreaming of digital assets. Even if these specific filings face delays, they contribute to the ongoing dialogue and education of regulators, pushing the industry forward. For the future of cryptocurrency investment , this means: Increased Institutional Flow: Easier access for large financial institutions to allocate capital to crypto, potentially bringing significant new liquidity into the market. Enhanced Market Maturity: The demand for regulated products encourages greater transparency, robust infrastructure, and improved market practices in the crypto space. Broader Investor Base: Opens up crypto exposure to a wider audience of retail investors through familiar investment vehicles, reducing barriers to entry and fostering wider adoption. The journey towards comprehensive crypto integration into traditional finance is complex, but filings like these by 21Shares are crucial milestones, signaling a persistent push for innovation and accessibility in the digital asset landscape. The recent SEC filing by 21Shares for two new Crypto ETFs tracking FTSE indexes marks another significant stride in the evolution of cryptocurrency investment . While the regulatory landscape remains complex, these initiatives underscore the growing demand for regulated, accessible, and diversified digital asset products. As the industry continues to mature, such filings pave the way for broader adoption and integration of cryptocurrencies into global financial portfolios. Investors and enthusiasts alike will be watching closely to see how these developments unfold and shape the future of digital asset investing. Frequently Asked Questions (FAQs) Q1: What is 21Shares? 21Shares is a leading issuer of cryptocurrency exchange-traded products (ETPs), offering a range of investment vehicles that track various digital assets. They are known for their pioneering efforts in bringing regulated crypto products to market, primarily in Europe, and are now expanding their focus to the U.S. Q2: What are the two new Crypto ETFs 21Shares filed for? 21Shares has filed for the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF. The former tracks the top ten largest crypto assets by market capitalization, while the latter tracks the top ten largest crypto assets excluding Bitcoin. Q3: Why are FTSE indexes important for these ETFs? FTSE Russell is a globally recognized and reputable index provider. Tracking FTSE indexes lends significant credibility, standardization, and familiarity to these Crypto ETFs, making them more appealing and understandable for traditional institutional and retail investors. Q4: What are the main benefits of investing in a Crypto ETF? Key benefits include simplified access to cryptocurrencies through a traditional brokerage account, diversification across multiple digital assets, the added layer of investor protection due to SEC regulation, and the liquidity offered by an ETF structure. Q5: What challenges do these SEC filings face? The primary challenges include the U.S. SEC’s cautious stance on spot crypto ETFs, concerns about market manipulation, underlying market surveillance capabilities, and the inherent volatility of the cryptocurrency market. The approval process is rigorous and can be lengthy. Q6: When might these ETFs be approved? The timeline for SEC approval of Crypto ETFs is uncertain and can vary significantly. The SEC conducts a thorough review, and approval depends on various factors, including market conditions, regulatory frameworks, and how well the proposed ETF addresses the SEC’s concerns. There is no guaranteed timeline for approval. Did you find this article insightful? Share it with your friends, family, and fellow investors on social media to spread the word about the latest developments in Crypto ETFs and cryptocurrency investment ! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency investment institutional adoption . This post Crypto ETFs: 21Shares’ Pivotal Momentum with New SEC Filings for FTSE Indexes first appeared on BitcoinWorld and is written by Editorial Team
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The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. Related Reading: XRP MVRV Ratio Flashes Signal That Last Led To 630% Surge The metric works by going through the transaction history of each coin on the network to see what price it was last moved at. If this previous transfer value was more than the current spot price for any token, then that particular token is assumed be in a state of net unrealized loss. Similarly, a coin with a cost basis below the latest price is considered in profit. The NUPL sums up the degree of profit/loss involved in both cases and calculates the difference between them. When the value of the indicator is positive, it means the investors as a whole are sitting in a state of net unrealized profit. On the other hand, it being under the zero mark implies the dominance of loss in the market. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin NUPL over the past few years: As is visible in the above graph, the Ethereum NUPL observed a significant decline earlier in the year when the asset’s price plummeted. In this plunge, the indicator went down to around -0.2, which suggests investors dipped into a net state of loss. Not just that, the level of relative unrealized loss present on the network was notable enough for the sentiment to be flagged as “capitulation” under Glassnode’s methodology. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC Often, cryptocurrency markets move in the direction that the crowd least expects, so the presence of a high amount of loss can lead to a bottom. From the chart, this seems to be what occurred when the NUPL dropped into the capitulation zone. With the price surge that has followed since this low, sentiment among Ethereum investors has naturally marked an improvement. The NUPL may be to keep an eye on, however, as once the balance shifts overwhelmingly towards profit, another shift in the market could become probable: this one to a downtrend. ETH Price Ethereum has broken away from Bitcoin as its price has jumped by more than 20% over the past week, reaching the $3,600 level. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
For the first time in the 18-month history of US spot-crypto exchange-traded funds, the day’s heaviest torrent of institutional cash swept into Ethereum, not Bitcoin. Flow tallies for Thursday put net subscriptions across the nine US spot Ether ETFs at $602 million, edging out the $522.6 million that landed in the 11-strong cohort of U spot Bitcoin ETFs. The figures, compiled by on-chain analytics site SoSoValue, mark a symbolic hand-off between the two flagship assets in a market where Bitcoin has dominated inflows since July 2024. Thursday’s surge came less than twenty-four hours after Ethereum funds smashed their own single-day record with an eye-watering $726 million haul, a feat that pushed cumulative holdings to just under five million ETH and lifted the spot price of the underlying token above $3,400 for the first time since January. Ethereum Beats Bitcoin The spearhead was BlackRock ’s iShares Ethereum Trust (ticker ETHA) yesterday, which absorbed roughly $550 million—its second consecutive personal best—leap-frogging the firm’s flagship Bitcoin product IBIT on the day’s league table. According to flow data collated by Arkham Intelligence and Farside Investors, ETHA has raked in $1.25 billion over the past five sessions and now holds close to $7 billion worth of ETH, almost one-fifth of all assets parked in US Ethereum ETFs. Bloomberg Intelligence analyst James Seyffart, posting on X, put the milestone in context: “As a group the US spot Ether ETFs have taken in over $5.5 billion since launch, including more than $3.3 billion since mid-April.” He noted that part of the magnetism stems from the return of a double-digit cash-and-carry basis on CME Ether futures, though futures positioning alone does not explain the depth of demand. Seyffart’s chart of CME open interest shows not only a sharp climb in nominal ETH terms but also a dollar-value trajectory that is beginning to rival early-2025 Bitcoin futures activity. Structural tailwinds extend beyond arbitrage. Nasdaq has just filed to add native staking to BlackRock’s ETHA—a move that, if approved, would let the fund earn network rewards and potentially lift its headline yield above 5 percent, making Ether ETFs a rare blend of growth asset and income instrument. Bitcoin, meanwhile, remains the undisputed heavyweight by sheer scale. Spot BTC ETFs have amassed $53 billion in net inflows since their January 2024 debut and command more than $150 billion in assets: ETF Store president Nate Geraci reminded followers that Bitcoin demand has hardly cooled, tweeting that spot BTC products logged inflows in 26 of the past 27 sessions, adding “over $10 billion” in fresh capital that is “pure & simple… institutional $$$.” Yet Thursday’s flip in the daily standings underscores palpable momentum for Ethereum. Analysts attribute part of the shift to Ethereum-specific catalysts: a six-month high in staking yields, anticipation of SEC approval for staking-enabled ETFs by year-end, and bipartisan momentum behind the GENIUS and CLARITY bills that would hard-wire commodity status for most large-cap crypto assets. Whether Thursday proves an inflection point or a statistical blip will depend on the sustainability of that rotation. For now, a once-unthinkable headline—Ethereum ETFs beat Bitcoin ETFs—captures the market. At press time, ETH traded at $3,612.
Thumzup Media Corp. has approved plans to hold up to $250 million in crypto, expanding its treasury beyond bitcoin to include ethereum, solana, ripple, and more. Bold $250 Million Expanded Crypto Treasury Strategy Authorized by Thumzup Media Thumzup Media Corporation (Nasdaq: TZUP) has received board approval to hold up to $250 million in digital assets.
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