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etfs

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first_img The cryptocurrency industry urges the U.S. SEC to avoid implementing a one-size-fits-all restriction on new ETFs

According to Cointelegraph, participants in the crypto industry such as a16z, Grayscale, and the Crypto Council for Innovation (CCI) urged the U.S. Securities and Exchange Commission (SEC) to avoid implementing a one-size-fits-all restriction on "novel" exchange-traded funds (ETFs) and instead assess them based on individual risk parameters. Three comment letters were submitted on August 31, just as the SEC's 60-day window for public comments on the regulation of new ETFs was nearing its end. The SEC launched this consultation on June 30, seeking opinions on whether existing regulations are sufficient, how such funds should be regulated, and whether the registration process needs adjustments.a16z believes that crypto-based ETPs have now benefited from more mature market infrastructure, including exchange-approved listing standards and established disclosure requirements, and therefore should not be grouped with products that hold private assets or adopt other novel strategies. Grayscale similarly argues that digital asset products with mature compliance and disclosure records should not face new portfolio conditions or disclosure regimes simply because they are classified as "novel." CCI called for comparable regulatory efficiency between ETFs and non-ETF ETPs while retaining existing investor protection measures.There is widespread opposition to potential regulatory adjustments that could impose additional requirements or delay product launches, but there are differences in classification, approval processes, and terminology. The dispute over the ETF label is particularly pronounced: a16z proposed that the term ETF be used only for funds under the Investment Company Act of 1940, while Grayscale believes that ETFs should describe economic characteristics rather than legal shells.

Truth Social ETF manager Yorkville plans to launch more than ten ETFs covering themes such as the digital economy and macro strategies

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

first_img Bitcoin spot ETFs ended nine days of net inflows, while Ethereum ETFs continued their inflow momentum

On August 28, the U.S. spot Bitcoin ETF recorded a net outflow of $201.9 million, ending a nine-day streak of net inflows since mid-August. According to SoSoValue data, this reversal reduced the cumulative net inflow to approximately $55.1 billion, with total net assets of about $93.9 billion. Decrypt's ETF flow tracker turned the Bitcoin sentiment reading to "bearish" on that day.The previous strong performance was particularly remarkable: the Bitcoin ETF had accumulated inflows of $2.8 billion during an eight-day rally, during which Bitcoin briefly tested the $80,000 mark and recorded the largest single-day inflow since May, with a peak single-day inflow exceeding $600 million on August 20. In contrast, the Ethereum ETF showed no signs of weakness, with a net inflow of $102.1 million on August 28, extending its streak of inflows to ten days, with a cumulative net inflow of approximately $12.9 billion and total net assets of about $13.8 billion.As the flow of funds diverged, Bitcoin fell back due to hawkish remarks from Federal Reserve Chairman Kevin Warsh at Jackson Hole, after a rally that had pushed prices close to $80,000. Over the weekend, Bitcoin rebounded to around $79,000. Analysts pointed out that the single-day outflow relative to the fund's cumulative size remains moderate, and the interruption of the rally may not necessarily indicate a widespread reversal in institutional demand.

first_img After a 23% increase over the past 7 days, Bitcoin has fallen back to $79,000, with strong demand for spot ETFs remaining

The price of Bitcoin has retreated after a cumulative increase of 23% over the past 7 days, currently maintaining around $79,000, with a drop of about 1.2% in the past 24 hours. The broader CoinDesk 20 index has fallen by 2.1% in the past 24 hours. The Crypto Fear & Greed Index from Alternative.me has risen from 27 to 74 in less than two weeks, followed by a slight retreat.However, underlying demand remains strong. According to SoSoValue data, the U.S.-listed spot Bitcoin ETF recorded a net inflow of $314 million on Tuesday, marking the seventh consecutive day of net inflows, bringing the cumulative net inflow for August to over $3 billion. Mercado Bitcoin research analyst Pedro Fontes views $82,000 and $85,000 as the next resistance levels and believes that some consolidation after such a vertical rise is natural.In terms of derivatives data, the taker long-short trading volume ratio has turned bearish, with shorts accounting for 51.64% of the 24-hour volume; Bitcoin futures open interest has dropped below 700,000 BTC, and the spot price has retreated to $78,500. The combination of these factors indicates that traders are closing positions rather than aggressively adding shorts. Traders on Deribit are chasing call options with strike prices ranging from $82,000 to $100,000. SUI futures open interest has reached a historical high of 838 million contracts, but its spot price has fallen over 5% in the past 24 hours, indicating that short positions are accumulating.

Thailand's SEC seeks public opinion on the draft rules for Bitcoin and Ethereum ETFs

According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has advanced its regulatory framework for locally listed spot Bitcoin and Ethereum ETFs from a principled proposal to the rule draft stage and is publicly soliciting opinions on this. The regulatory agency released two consultation documents on Monday, one containing the rule draft for Thailand's crypto ETFs, and the other proposing qualification principles for foreign digital asset custodians.In the initial phase, asset management companies can establish passive ETFs that track Bitcoin or Ethereum, which are the only qualified crypto assets. According to the proposed rules, Bitcoin and Ethereum ETFs will only trade on the Stock Exchange of Thailand (SET), with each ETF tracking a single crypto asset and required to maintain at least 80% net asset exposure to that asset within each accounting year. Mutual funds and private funds can also invest in Thailand's local crypto ETFs, as well as the foreign crypto ETFs they are permitted to invest in, but must comply with existing investment limits. However, in the initial phase, the regulatory agency does not allow alternative products linked to foreign crypto ETFs, including depositary receipts that track them.Regarding custody, the revised plan still primarily relies on domestic digital asset custodians as the main service providers in the initial phase, and the Thai SEC may allow the use of qualified foreign digital asset custodians when necessary. Foreign custodians must be supervised by a regulatory agency with legal authority and meet the regulatory and investor asset protection standards deemed sufficient by the Thai SEC. The deadline for public opinion collection on the two consultation documents is September 20.

Binance Research: Generation Z investors prefer ETFs, with lower trading frequency and leverage usage compared to other age groups

Binance Research data shows that Generation Z investors are gradually shifting towards long-term asset allocation tools such as ETFs. Compared to Millennials, Generation X, and Baby Boomers, their trading frequency is lower, and their preference for leverage is also weaker.Data indicates that at the beginning of August, ETFs accounted for 25% of the stock trading volume among Generation Z users. In July, the proportion of net inflows into stocks from ETFs for Generation Z reached 21.9%, up from 18.5% in June; during the same period, the proportion of individual stock investments decreased from 77% to 74.2%.Binance Research analyzed trading behaviors in direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows that Generation Z's trading activity in all three asset classes is lower than that of other working-age groups.Among them, Generation Z's traditional financial perpetual contract accounts traded an average of 13 times per month, lower than the 17 times of Millennials and 16.5 times of Generation X. In direct stock accounts, 22% of Generation Z users have never sold stocks, higher than the 19% of Generation X and 9% of Baby Boomers.Among Generation Z accounts that bought but did not sell, the assets with the highest cumulative purchase amounts include Broadcom, Tesla, and Charles Schwab U.S. High Dividend Stock ETF.In terms of leveraged products, Generation Z shows a lower risk appetite. Data indicates that 88.2% of Generation Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than the 84.5% of Millennials and 85.9% of Generation X.Additionally, the tokenized stock market continues to expand. Data shows that Binance's bStocks recently briefly surpassed Kraken's xStocks, becoming the second-largest tokenized stock issuance platform globally. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks are approximately $611 million and $580 million, respectively.
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