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Canary Capital Group filed for a Litecoin ETF with the SEC. This pushed LTC price up 9.5% to over $73, its highest since July 2024. But experts warn institutional investors might not rush in. In this guide we will dive into this topic to better understand the circumstances. Also Read: Cardano Price Prediction: Will ADA Drop Below $0.25? Experts Weigh In Canary Capital’s Litecoin ETF Filing: Impact on LTC and Market Dynamics New ETF Player Canary Capital is new to crypto investing, and it plans on staying here long-term. Their Litecoin ETF filing is causing some buzz. Steven McClurg leads the firm and he wants to tap into crypto investment interest. But Canary’s size makes some doubts about its appeal to big investors. Will it be enough? Only time will tell. Ethereum ETF Lessons $LTC Buy the Dip Coming Soon? Litecoin is trading in its expected range, and a key ‘buy the dip’ zone between $57.85 and $61.15 could happen soon. This might be a solid long-term entry Is #Litecoin on...

Asset management firms have cut fees on their Bitcoin exchange-traded funds (ETFs) in Europe by over 60% to compete with products now available to U.S. investors. In an interview with the Financial Times, Gary Buxton, Invesco head of ETFs for Europe, the Middle East and Africa, and Asia Pacific, said many ETF providers have lowered their fees on their spot Bitcoin ETFs in response to the competitive landscape in the U.S. market. Cathie Wood’s Ark Investment Management, initially indicating a 0.8% fee for its spot Bitcoin ETF, eventually launched with no fees for the first six months or until assets reach $1 billion. BlackRock‘s investors will pay 0.25%, with early investors accessing it at 0.12% for the first year until assets reach $5 billion. “The launch of spot bitcoin ETFs in the U.S. is helping the crypto market to evolve as the asset class continues to stake a claim for a place in client portfolios.” WisdomTree Europe head Alexis Marinof Executives ...

As Bitcoin exchange-traded funds (ETFs) received regulatory approval in the US, one ETF provider sees doors opening for additional digital asset offerings. Valkyrie Investments CEO Steven McClurg recently shared positive outlooks for both Ethereum and XRP, landing SEC-sanctioned ETFs in the wake of a long-awaited Bitcoin fund green light. McClurg contends that with Bitcoin potentially establishing a viable path forward, filings tracking other top crypto assets could soon follow. Valkyrie itself aims to be part of those future waves, tailoring products to match growing institutional investment demand. Also read: Here’s How Much $1,000 Invested in Solana (SOL) 3 Years Ago Would be Worth Now Grayscale adds XRP to crypto fund In assessing XRP’s chances, McClurg pointed to recent progress around Ripple’s embattled native token. Grayscale’s surprising move last week to re-add XRP to its Digital Large Cap fund signals thawing sentiment toward the asset tied up in an SEC lawsuit. M...

According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election . As stated in the report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other crypto currencies were all mentioned in the American Presidential primary debate, resulting in the release of 2024 Election: The Role of Crypto a survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company. From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space.  NEW: @Grayscale partnered with @HarrisPoll to get a read on the role of #crypto in the 2024 election. Some key findings were: 46% of likely voters say that they are waiting for additional policies and/or regulation before investing in crypto. 40% expect their future… — Eleanor Terrett (@E...

Cathie Wood’s ARK Invest sold 237,572 Coinbase (COIN) shares for $33 million and 168,127 Grayscale Bitcoin Trust (GBTC) shares worth about $5.9 million. On Dec. 5, ARK Invest, led by Cathie Wood, sold $33 million in Coinbase (COIN) stock after the crypto exchange’s shares reached a 19-month peak in a move analysts connect to the recent uptick in Bitcoin (BTC) price. Cathie Wood and Ark Invest's trade activity from today 12/4 pic.twitter.com/M560DWhaHn — Ark Invest Daily (@ArkkDaily) December 5, 2023 The sale involved a total of 237,572 COIN shares , distributed across three of ARK’s exchange-traded funds (ETFs): ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF). During the trading day, COIN shares reached a high of $147.86 but eventually settled at $140.20, marking a slight decline of 0.63%. You might also like: ARK Invest discloses 80 bps fee in spot Bitcoin ETF filing Additionally, ARK offloade...

The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay — the firm’s Bitcoin ETF bid. The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund. While many observers don’t believe the securities regulator will attempt to appeal the court’s decision, analysts say there could still be ways for the SEC to delay approval of Grayscale’s spot Bitcoin ETF conversion. On Oct. 13, the SEC must either appeal the D.C. Circuit Court of Appeals decision to the U.S. Supreme Court, request the Appeals Court revisit its ruling , or follow the court’s August order and review Grayscale’s bid to change its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. In an Oct. 12 post responding to an X user's question, Bloomberg ETF analyst Eric Balcun...

This week, The Market Report discusses Grayscale’s victory against the SEC, the impact of Evergrande’s bankruptcy, and what happened to the 16 trillion PEPE tokens reportedly stolen. On the latest episode of The Market Report , Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management. Next, Pechman discusses the impact of Chinese real estate giant Evergrande’s bankruptcy and questions why it took almost two years to announce the company’s inability to repay its debt. According to The Kobeissi Letter, it seems related to China’s recent unexpected cut in interest rates. Pechman reminds viewers that China recently announced several measures to stimulate the stock market. Ul...