USDCrypto Funds Weekly Recap: Staking ETFs, AI Fund, CRO Filing
![Robot leaps between pastel staking vaults for ETH, SOL [ETF]](https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Robot_leaps_between_pastel_staking_vaults_for_ETH_SOL_ETF_249a05ce76.webp)
BlackRock Boosts IBIT Holdings by 25% as Bitcoin ETF Demand Soars
BlackRock's in-house portfolio has increased its holdings in the iShares Bitcoin Trust (IBIT) by 25%, now holding over 2.1 million shares valued at $99.4 million as of March 31, 2025. This marks a significant rise from 1.69 million shares at the end of 2024. Approved by the SEC in January 2024, IBIT is now the largest spot Bitcoin ETF, boasting over $72 billion in net assets. Amid growing institutional demand, Bitcoin ETFs saw record inflows in May 2025, with projections suggesting potential inflows of $120 billion in 2025 and $300 billion by 2026.
Cantor Fitzgerald Launches Bitcoin Fund with Gold Downside Protection
Cantor Fitzgerald Asset Management announced the launch of a groundbreaking Bitcoin fund designed to provide direct exposure to Bitcoin while offering "1-to-1 downside protection based on the price of gold." This fund, Cantor's first Bitcoin-focused investment vehicle, will have a five-year duration and no cap on potential upside. The fund aims to attract investment capital in the coming weeks, benefiting from Bitcoin's recent price of $106,721.54. Amid economic uncertainty and rising gold prices, Cantor plans up to $2 billion in financing for institutional clients and has a total of $14.8 billion in assets under management.
Twenty One Capital Raises $100 Million in Convertible Notes, Total Funding Reaches $685 Million
Twenty One Capital, a Bitcoin treasury firm backed by Tether, SoftBank, and Cantor Fitzgerald, has raised a total of $685 million after selling $100 million in convertible notes. Previously, it raised $585 million, including $385 million in notes and a $200 million PIPE agreement. The firm has acquired $458 million worth of bitcoin recently and manages a total of $3.6 billion in bitcoin assets through a SPAC merger with Cantor Equity Partners. Offering a “bitcoin per share” metric for exposure, Twenty One is positioned as a key player in the evolving market of publicly traded Bitcoin entities.
REX Shares and Osprey Funds File SEC Plans for Ethereum and Solana Staking ETFs
REX Shares and Osprey Funds have filed with the SEC to launch staking ETFs for Ethereum and Solana, marking a significant development in U.S. cryptocurrency investment products. These funds will invest at least 80% of their assets in ETH and SOL, staking a minimum of 50% of those holdings to generate yields for investors. The funds will be treated as a regular C corporation for tax purposes, with staking rewards classified as dividend income. Total annual operating expenses are estimated at 1.28% for the ETH fund and 1.4% for the SOL fund, pending SEC approval.
Grayscale Launches Decentralized AI Fund for Accredited Investors
Grayscale has launched its Decentralized AI Fund for accredited investors, offering diversified exposure to AI and crypto. As of May 29, the fund is trading at $5.64 NAV per share. It includes assets such as Bittensor (TAO), Near Protocol (NEAR), Render (RENDER), Filecoin (FIL), and The Graph (GRT), with Bittensor holding the highest weight at 30.89%. The fund aims to capitalize on the growth in the AI crypto sector, which has seen a 4.5x increase. It represents one of the first investment vehicles focused on decentralized AI protocols and their native token values.
Canary Capital Files for First U.S. Spot CRO ETF with SEC
Canary Capital Group has filed with the SEC for the first U.S. spot ETF tracking Cronos (CRO), named the Canary Staked CRO ETF. Submitted on May 30, 2025, it aims to offer direct CRO price exposure, with Crypto.com as custodian and liquidity provider. The ETF plans to earn rewards through staking on the Cronos proof-of-stake blockchain. Notably, it won't use leverage or derivatives, but highlights risks like CRO price volatility and regulatory uncertainty. The ETF is not registered under the Investment Company Act of 1940, limiting certain investor protections. SEC approval is necessary for its launch.
This article has been refined and enhanced by ChatGPT.
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