- ETF president Nate Geraci reports stated several ETF issuers registering in the US ETF market.
- The pro-crypto administration change could be one of the top reasons for the ETF boom.
Community members are settling into the weekend, and today’s crypto status stands as such – Bitcoin has climbed to the $104K level. Activity is far from diminished as more pro-crypto instances continue to occur. Yesterday’s highlights included Donald Trump signing an executive order for a digital asset strategic reserve in the US.
Amid these events, the ETF market caught members’ attention the past day. Multiple institutions including Grayscale, the New York Stock Exchange (NYSE), and CoinShares have filed for ETP products.
According to Nate Geraci, the President of the ETF store’s recent X post, these institutions have filed for the ETP products in the last 24 hours. In the Asian early morning hours of January 25, NYSE filed for a Grayscale Litecoin Trust. This has resulted in a price surge for Litecoin, which has taken the crypto spotlight.
Recapping Day 4…
— Nate Geraci (@NateGeraci) January 25, 2025
Nasdaq files for in-kind creation & redemption on iShares Bitcoin ETF
CoinShares files for ltc & xrp ETFs
NYSE files to list & trade Grayscale ltc & sol ETFs
Grayscale files for btc adopters ETF
Grayscale files for eth premium income ETF
Entertained yet? https://t.co/715gESQSAW
Secondly, Nasdaq is reported to have filed for an ‘in-kind & redemption’ on the iShares Bitcoin ETF. Thirdly, CoinShares registrations include two ETF filings—LTC and XRP. The last day also saw Bitwise file for the very first Dogecoin ETF.
What is Behind the US ETF Boom?
The US ETF market had previously hit a slump in H2 2024. Spot ETFs Bitcoin and ETH showed minimal and volatile capital influx. The spot Bitcoin ETFs had lost the hype that existed at the year’s beginning.
Additionally, the SEC also rejected the Solana ETF filings by leading issuers. This caused quite the dejection in the market. However, the past few days have seen a spur in activity within the ETF sector. This could be a reflection of the overall optimistic crypto sector fueled by the US’s current pro-crypto administration.
With Donald Trump’s inauguration, the market has seen several updates as aforementioned. This includes the release of Silk Road Founder Ross Ulbricht over the past week.
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