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The demand for ETF news is clear enough — as Blockworks reported, the Binance BTC/USDT market, which accounts for 8% of bitcoin daily trading volume, saw a 7% candle roughly 30 minutes after an unsourced, unproven tweet about BlackRock’s approval was posted. Mind you, this is in an industry that
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The wallet will enable trading of tokenized real-world assets such as gold or real estate, said Steinberg. And he sees this as a huge advantage to holders of illiquid assets: “We thought through tokenization and blockchain-enabled finance that you could add functionality … When you put tokenized, physically backed gold
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The products on the chopping block include the 21Shares Crypto Layer 1 ETP (LAY1), the 21Shares DeFi 10 Infrastructure ETP (DEFII), 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) and the 21Shares USD Yield ETP (USDY), which will all close after
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Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security free of charge on
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As per Swiss-based 21Shares, a company spokesperson told CryptoX that given the LUNA network “operating intermittently and inconsistently, 21Shares is unable to provide creation and redemption operations and is suspending the quotation of the Terra ETP. We will continue to closely monitor this fast evolving situation on the underlying.” Source
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Europe is seeing an increase in the number of issuers launching crypto ETPs as more investors are doing due diligence and choosing to invest in crypto. Source
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The firm, which facilitates transactions between investment banks, hedge funds and other large financial institutions, has been trading in Europe for clients such as Goldman Sachs, Flow Traders and Jane Street, TP ICAP digital assets’ co-heads Simon Forster and Duncan Trenholme told CoinDesk in an interview. Original Source
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“Issuing an entirely EU [European Union] based Bitcoin ETC with Euro as base currency, we are able to offer exposure to an alternative asset class that we feel is ripe for opportunity in the current market environment,” CEO Eric Demuth said in a press release. Source
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The launch is part of a broader offering by ETC Group, which says it has plans to list five new cryptocurrency products this month. The ETCs would offer investors exposure to a handful of fast-growing layer 1 blockchains, including Tezos, Polkadot, Solana, Stellar and Cardano. Original Source
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Nasdaq Stockholm has announced that 21Shares has listed its first two physically backed exchange-traded notes (ETN) on the Swedish trading platform. The two instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, represent a new segment for ETNs — a type of unsecured debt security that tracks an underlying index
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