USDCrypto Funds Weekly Recap: 70+ ETFs Await, Solana Gains, XRP Breaks Out
Over 70 Crypto ETFs Await SEC Approval in 2025 as Institutional Interest Grows
In 2025, over 70 crypto ETFs are awaiting approval from the U.S. SEC, as institutional interest in crypto surges. Analyst Eric Balchunas reported that applications cover a wide range of assets, including established cryptocurrencies like XRP, Litecoin (LTC), and Solana (SOL), with particular popularity among certain altcoin ETFs. Katalin Tischhauser from Sygnum Bank anticipates cumulative inflows for altcoin ETFs could reach between $500 million to $1 billion, although this is significantly lower than for spot Bitcoin funds. Additionally, Bitcoin ETFs have garnered over $100 billion in net assets, positioned to surpass gold ETFs, which house around $120 billion. The increased institutional adoption follows a Coinbase report indicating that 83% of institutional investors plan to boost their crypto allocations this year, showcasing a pivotal moment for the crypto asset class amid ongoing regulatory evaluations and market dynamics.
Trump Media, Crypto.com, and Yorkville America Digital Partner to Launch "Made in America" Crypto ETFs
Trump Media has finalized a binding agreement with Crypto.com and Yorkville America Digital to launch a series of "Made in America" crypto-related ETFs through its fintech brand, Truth.Fi. The collaboration aims to provide a unique basket of digital assets, including cryptocurrencies and equities, with an emphasis on American priorities. Crypto.com will supply technology, custody, and cryptocurrency for the ETFs, expected to debut later in 2025, pending regulatory approval. The products will be available globally, including in the U.S., Europe, and Asia, via Crypto.com's broker-dealer, Foris Capital US LLC. TMTG CEO Devin Nunes emphasized this partnership as a strategic move into financial services and digital assets, with an initial investment of up to $250 million from the company’s cash reserves. The launch will also feature Separately Managed Accounts overseen by Truth.Fi, indicating a robust commitment to innovation in the evolving cryptocurrency landscape.
Securitize Launches MI4 Crypto Index Fund with $400M Backing from Mantle
Securitize has launched the Mantle Index Four (MI4), a new institutional crypto index fund backed by a $400 million investment from Mantle. The fund aims to provide exposure to major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and stablecoins, positioning itself as the "S&P 500 of crypto." Allocations will be based on market capitalization and risk, with plans for quarterly rebalancing and integration of staking strategies to enhance returns. This makes MI4 the largest tokenized institutional fund, surpassing the $148 million Blockchain Capital III Digital Liquid Venture Fund (BCAP). The launch coincides with the rapid growth of the tokenized real-world asset market, which has doubled its on-chain value to over $21 billion since April 2024. Additionally, Securitize recently acquired the digital asset-focused fund administration division of MG Stover to bolster its capital-raising capabilities.
ARK Invest Expands Into Solana with Staked ETF in Bold Move
ARK Invest has enhanced its investment in Solana by incorporating a staked SOL fund into its tech-focused ETFs, specifically the ARK Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds. This strategic move marks the first instance of U.S.-listed ETFs gaining indirect exposure to Solana through a Canadian spot-based product, as U.S. regulators have not yet approved a domestic equivalent. Solana has emerged as a significant player in the blockchain space, ranking second to Ethereum with over $7 billion in total value locked across its ecosystem. The recent approval of Solana ETFs by Canadian regulators and the introduction of SOL futures on the CME suggest potential forthcoming U.S. market approval. ARK, with a nearly $4 billion spot Bitcoin ETF already under its management, appears to be seizing the opportunity for institutional investment in Solana, positioning itself ahead of regulatory developments.
Bitwise Files for NEAR ETF in Delaware as SEC Turns Pro-Crypto Under Trump
Bitwise Asset Management has filed to launch a "Bitwise NEAR ETF" in Delaware, marking an important step in its efforts to create cryptocurrency exchange-traded funds (ETFs). This initiative comes as the SEC adopts a more favorable stance toward crypto under President Trump, in contrast to the previous administration. NEAR, currently ranked the 43rd largest cryptocurrency by market capitalization, has seen a slight increase in value, now priced at just over $2.60. Bitwise has previously filed for other crypto ETFs, including those tracking Dogecoin, Aptos, and XRP, with registration statements pending SEC approval. Since Trump's administration began in January, the SEC has eased regulatory pressures, withdrawing lawsuits against crypto firms and engaging in public discussions on regulation. The agency, which approved spot Bitcoin and Ethereum ETFs in 2024, is currently reviewing numerous proposals for various crypto ETFs, reflecting a significant shift in the regulatory landscape.
Brazil's B3 Launches World's First Spot XRP ETF, XRPH11, Ahead of U.S. Approval
Brazil's B3 stock exchange has launched the world's first spot XRP exchange-traded fund (ETF), designated as XRPH11. Managed by Hashdex in collaboration with Genial Investimentos, this ETF represents a significant advancement in cryptocurrency investment products, providing investors with direct exposure to XRP. The fund tracks the Nasdaq XRP Reference Price Index and is required to allocate at least 95% of its net assets to XRP. This pioneering initiative occurs ahead of any comparable approval in the United States, positioning Brazil as a leader in the global market for XRP ETFs and enhancing its role in the cryptocurrency space.
This article has been refined and enhanced by ChatGPT.
