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Showing posts with the label investment products

SEC Acknowledgement Has Litecoin ETF Inching Toward Approval

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Over the last month, the US Securities and Exchange Commission (SEC) has undergone a massive shift in its crypto policy. That is set to completely revamp its offerings in the United States. Indeed, one expert notes that a recent SEC acknowledgment has a Litecoin ETF inching closer to approach. That isn’t all, as the agency acknowledged two key filings. The first was related to Grayscale’s LTC ETF, while the other was a request for in-kind redemptions on BlackRock’s Bitcoin ETF. The development looks to mark a clear step toward the approval of both filings. Source: Decrypt Also Read: SEC Transfers Top Crypto Litigator to IT Department SEC Brings Litecoin ETF and In-Kind Bitcoin ETF Redemptions Edging Closer to Approval There is no denying that the election of US President Donald Trump has completely shifted the country’s crypto policy. With his return to the White House, the country has selected its first true pro-crypto president. Just two months into his second ...

Cryptocurrency Outflows Continue Amidst Influx of Institutional Interest

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Cryptocurrency investment products have faced six consecutive weeks of out flows , totaling $9 million in the past week. However, amidst this trend, products offering exposure to Litecoin ($LTC), Solana ($SOL), and $XRP have witnessed significant in flows , marking a noteworthy development in the CRYPTOCURRENCY market. According to CoinShares’ recently released Digital Asset Fund Flows report, the past week saw relatively modest trading volumes, totaling $820 million for these products, falling short of the $1.3 billion average. While Bitcoin investment products experienced out flows of $5.9 million and Ethereum investment products saw $2.2 million of out flows , some altcoin-focused products bucked the trend. Products focusing on a diverse range of cryptocurrencies experienced $400,000 in outflows. In contrast, products offering investors exposure to $XRP saw a substantial $700,000 inflows. Similarly, Solana-focused products attracted $300,000 in inflows, and Litecoin-focu...