Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.
The küresel investment management firm plans to launch two similar funds in February.
The memecoin, which was launched by the President on Friday, saw its price plummet nearly 26% over the past 24 hours.
At the moment, Canary Capital appears best-positioned to be the initial issuer of the new vehicle.
Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.
Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C.
More than 12 new digital asset ETFs could be launched in the U.S. this year, if approved by the SEC, the report said.
As bitcoin hits new highs, it’s helpful to examine the veri to understand where the demand is coming from.
BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.