سعر Legend of ArcadiaARCA

As the cryptocurrency market continues to evolve, investors are increasingly looking for ways to diversify their portfolios and gain exposure to the growing altcoin market. One popular option is altcoin ETFs (Exchange-Traded Funds), which allow investors to buy and sell a basket of altcoins through a single investment vehicle. Top Altcoin ETF Contenders,: Several altcoin ETFs have been launched in recent times, each with its unique features and investment strategies. Here are some of the top contenders: 1. VanEck Vectors Altcoin ETF (ALT): This ETF tracks the MVIS CryptoCompare Altcoin Index, which includes a diversified basket of 10 altcoins, including Ethereum, Litecoin, and Bitcoin Cash. 2. Grayscale Altcoin Trust (GALT): This trust invests in a diversified portfolio of altcoins, with a focus on large-cap and mid-cap coins. 3. Bitwise 10 Index Fund (BITW): This fund tracks the Bitwise 10 Index, which includes the 10 largest cryptocurrencies by market capitalization, excluding Bitcoin. 4. 21Shares Altcoin ETP (AALT): This ETP (Exchange-Traded Product) tracks the 21Shares Altcoin Index, which includes a diversified basket of 10 altcoins. Which Altcoin ETF Has the Best Chance? While all the above-mentioned ETFs have their strengths and weaknesses, the VanEck Vectors Altcoin ETF (ALT) stands out as a top contender. Here's why: 1. Diversified Portfolio: The ALT ETF tracks a diversified basket of 10 altcoins, reducing the risk of individual coin volatility. 2. Established Track Record: VanEck is a well-established investment manager with a proven track record in the ETF space. 3. Low Fees: The ALT ETF has a relatively low management fee of 0.50% per annum. 4. Liquidity: The ALT ETF is listed on the NYSE Arca, providing investors with easy access to liquidity. While the altcoin ETF space is still evolving, the VanEck Vectors Altcoin ETF ($ALT ) stands out as a top contender due to its diversified portfolio, established track record, low fees, and liquidity. However, it's essential to remember that investing in altcoins carries inherent risks, and investors should always do their own research and consult with a financial advisor before making any investment decisions.

NYSE Arca proposes to list and trade the Bitwise Dogecoin ETF under its Commodity-Based Trust Shares Rule 8.201-E and has submitted the relevant rule change proposal.

Recently, it was reported that the NYSE Arca has submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval to engage in staking activities in the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF. Soon after submission, the regulator acknowledged the receipt, as featured in our recent coverage. SEC also highlighted a rule change that could permit Grayscale’s Ethereum ETFs to stake the underlying asset through various trusted providers. According to our information, this staking process is expected to be managed only by the ETF’s sponsors. In doing so, the staked ETH would be effectively supervised and ensured that it is not pooled with other entities. Meanwhile, Coinbase Custody would secure its ETH holdings and maintain the existing security framework. According to reports, the SEC has until May 26, 2025 to make a decision on this proposal. Within the period, there will be an initial 45-day decision timeline where a review will be conducted. This would include a public comment period, henceforth, the timeline is subject to extension to 90 days. This proposal follows a recent disclosure that the Cboe BZX Exchange has equally filed a proposal to seek staking approval in the 21Shares Core Ethereum ETF. As mentioned in our previous blog post, Bloomberg ETF analyst James Seyffart recognized this as the first-ever application by an ETF for Ethereum staking. The discussion surrounding staking has become a big deal due to its past challenges. Earlier, former SEC chair Gary Gensler cautioned that cryptos that stake their coins could pass the Howey Test and be recognized as securities. Per that report, staking has many similarities with lending. Meanwhile, crypto lending was required to be registered with the SEC. Fortunately, there seems to be a significant shift of interest towards staking under the new US administration. Confirming this, Fox Business journalist Eleanor Terrett recently disclosed that the Agency has requested a memo containing information on the different types of staking and their benefits. According to a source who recently spoke with the SEC, the agency is “very, very interested” in staking, even asking the industry for a memo detailing the different types of staking and their benefits. This source expects to see some kind of agency guidance on staking in the near future as it’s a topic they’re engaging enthusiastically on. Last week, staffers from the Division of Trading and Markets took part in a staking webinar with some industry players, as I reported on Friday. Following this development, the price of ETH surged by 1% on the 24-hour price chart. However, its weekly gains remain 7.8% down while its 30-day returns also decline by 19%. At press time, ETH was trading at $2.49k. According to our recent analysis , the asset could stage a rebound to hit $7k this cycle.

The SEC has confirmed receipt of a 19b-4 filing from NYSE Arca seeking approval for staking functionality in the Grayscale Ethereum ETF.

The crypto market is in a full-scale meltdown, with $325 billion in market cap wiped out since Friday morning as of press time, according to data from Coinglass, which also shows that the largest drop was when $100 billion disappeared within one hour. There were no major headlines covering the sudden crash, making it seem like not a big deal at all, almost as if no one even cared anymore. Even meme coins, which had been on fire in recent weeks, have taken a severe hit. Liquidity has dried up across the board, raising concerns about even more downside. The sell-off of course started with the Bybit hack on February 21 when North Korea’s Lazarus Group pulled off the biggest financial heist in history, draining $1.5 billion from Bybit’s Ethereum wallets. This theft was so big, it’s double the size of the previous record-holder, which is the $611 million PolyNetwork hack that happened in 2021. Ethereum, which was already performing terribly, got even worse as traders scrambled to pull funds out, fearing another FTX-style collapse. Even though Bybit CEO Ben Zhou quickly announced that the exchange would cover all losses, it wasn’t enough to restore confidence. Traders don’t forget billion-dollar hacks that easily. At first, Bitcoin stayed out of the mess. However, once the S&P 500 tanked on Friday, Bitcoin broke down too. The second stocks started slipping, Bitcoin followed, losing its key $98,000 support level. One major factor that sent Bitcoin spiraling was Citadel Securities, which announced yesterday that it was moving into crypto as a liquidity provider. Instead of reassuring traders, it triggered a “sell the news” reaction, with investors rushing for the exits. Memecoins collapse, Bitcoin struggles Solana, which has now dropped 22% since Friday. The memecoin sector, which had been one of crypto’s wildest success stories this year, is getting slaughtered. With Solana’s crash, traders dumped their memecoins en masse, draining the last bit of liquidity from the market. This actually started when Argentina’s President Javier Milei publicly endorsed LIBRA, a Solana-based meme coin, which quickly pumped like crazy—until it crashed into oblivion, wiping out $4.6 billion in investor money. The scandal-tainted Solana’s reputation, and now, with $1.72 billion in SOL tokens set to be unlocked on March 1, the market is preparing for even more selling pressure. According to digital asset manager Arca, altcoins as a group have already lost between 30-80% since mid-December. Even Dogecoin, which had been riding on Elon Musk’s federal workforce cuts, is down nearly 7%. Crypto-related stocks are also taking a beating, as Coinbase has fallen for six straight days, which is its worst losing streak in months. Bitcoin miner MARA Holdings, which already plunged 13% last week, has lost another 2.6% today, and Strategy (formerly MicroStrategy) is also slipping, despite doubling down on Bitcoin buys, per data from Google Finance. On Monday, Strategy filed with the SEC, revealing that it had once again bought 20,356 Bitcoin between February 18-23 for $97,514 per coin, worth a total $1.99 billion. This makes it one of the company’s biggest Bitcoin acquisitions ever, pushing Strategy’s total holdings to $47.7 billion—equivalent to 2.5% of all Bitcoin that will ever exist. The company funded this buy with proceeds from its $2 billion convertible bond sale last week. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More