The U.S. SEC has delayed the approval process for XRP and Dogecoin ETFs, exposing the regulatory hurdles facing cryptocurrencies outside of Bitcoin and Ethereum. The Franklin XRP ETF decision has been pushed to November 2025, marking the second extension since its March filing, while the Dogecoin ETF faces a shorter delay until mid-September. The regulatory treatment differs significantly between these products – XRP ETFs follow the standard ’33 Act framework used by Bitcoin and Ethereum ETFs, while the Dogecoin product utilizes an alternative Investment Company Act of 1940 structure as a Registered Investment Company. This regulatory arbitrage explains why Dogecoin, despite being created as a joke, might trade in the U.S. before XRP, which has more legal precedent and ecosystem development.
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Binance & Franklin Templeton Partner on Digital Asset Products
Binance and Franklin Templeton have announced a partnership to create digital asset products designed for a broad range of investors. While specific product details remain undisclosed, the collaboration leverages Franklin Templeton’s expertise in compliant tokenization and Binance’s global trading infrastructure. The initiative aims to enhance efficiency, transparency, and accessibility in capital markets while bridging traditional finance and blockchain. Franklin Templeton has prior experience in the digital asset space, including the launch of Bitcoin and Ethereum ETFs last year and the digitization of a money market fund on the Stellar blockchain in 2018.
read moreEthereum ETFs See $1B Outflows Amid Staking Debate
U.S. spot Ethereum ETFs witnessed a dramatic reversal with nearly $1 billion in net outflows from August 29 to September 5, following $1.58 billion in inflows the prior week. This volatility underscores three key dynamics: macro economic data (particularly PCE releases) directly impacts flow patterns, the lack of embedded staking yield reduces holding incentives during drawdowns, and issuer-level fee disparities create uneven flow distributions. The products’ design—currently excluding staking rewards—makes them particularly sensitive to short-term market movements. However, potential SEC approval for staking within ETFs could fundamentally reshape demand by adding 3%+ annual yield, with analysts projecting possible approval by late 2025. This structural change would transform these ETFs from pure exposure vehicles into yield-generating instruments, potentially stabilizing flows during market turbulence.
read moreEthereum ETFs Bleed $787M as Bitcoin Funds Gain
Ethereum ETFs experienced massive outflows of $787.6 million from September 2-5, with Thursday’s $446.8 million representing the largest single-day withdrawal since August. Grayscale’s ETHE and Fidelity’s FETH saw the biggest outflows, while BlackRock’s ETHA showed mixed flows. In contrast, Bitcoin ETFs recorded net inflows of $250.3 million over the same period. Experts explain this divergence through Ethereum’s structural limitations—including staking restrictions that make ETH exposure ‘less compelling’ during risk-off periods—and its perception as a ‘higher-beta’ asset that gets sold first when risk appetite decreases. Despite the outflows, analysts maintain that Ethereum’s fundamentals remain strong, characterizing the movement as profit-taking rather than a loss of conviction.
read moreGrayscale Launches Ethereum Income ETF for Volatility Yield
Grayscale introduced the Ethereum Covered Call ETF (ETCO) on September 4th, marking a strategic expansion of crypto investment products. Unlike traditional ETH ETFs that track spot prices, ETCO uses a covered call strategy on existing Ethereum products like Grayscale Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH). The fund writes call options near spot prices to generate premium income, which is distributed to investors every two weeks. This approach prioritizes consistent cash flow while potentially reducing portfolio volatility during market downturns. The launch comes amid recent outflows from Ethereum ETFs, with $338.25 million withdrawn over three sessions, though year-to-date inflows remain strongly positive at nearly $30 billion since their 2024 introduction. Grayscale positions ETCO as a complement to existing ETH exposure rather than a replacement.
read moreBitcoin ETFs Outshine Ethereum with $333M Inflows
Bitcoin exchange-traded funds demonstrated strong investor confidence with $332.7 million in net inflows on Tuesday, significantly outperforming Ethereum ETFs which experienced $135.3 million in outflows according to SoSoValue data. Fidelity’s FBTC emerged as the top performer with $132.7 million in inflows, followed by BlackRock’s IBIT at $72.8 million. The outflow trend for Ethereum ETFs continues from Friday when they lost $164 million, with Fidelity’s FETH accounting for the majority of Tuesday’s outflows at $99.2 million. This performance gap suggests investors are favoring Bitcoin’s established position over Ethereum amid current market uncertainty.
read moreCoinbase Launches Mag7 + Crypto Futures Index
Coinbase unveiled the Mag7 + Crypto Equity Index Futures, a innovative derivatives product that equally weights exposure to seven major tech stocks (Apple, Microsoft, Google, Amazon, Meta, Tesla, Nvidia), Coinbase shares, and BlackRock’s Bitcoin and Ethereum ETFs. Scheduled to launch September 22 through partner platforms, this hybrid index represents Coinbase’s push into derivatives as a growth area, following its recent $2.9 billion acquisition of Deribit. The launch occurs amid increasing competition in US crypto derivatives, with Kraken recently introducing regulated products and acquiring NinjaTrader for $1.5 billion. The product offers traders simultaneous exposure to both traditional tech equities and cryptocurrency markets through a single instrument, reflecting the blurring lines between traditional and digital asset investing.
read moreEthereum ETFs Hit $30B with $307M Inflow, Bitcoin Sees Outflows
Ethereum exchange-traded funds are demonstrating remarkable institutional demand, recording their fifth consecutive day of gains with $307.2 million in inflows on August 27. BlackRock’s ETHA led with $262.23 million, while the nine Ethereum ETF products have collectively attracted approximately $1.83 billion over this five-day period. The surge has pushed Ethereum ETF net assets to $30.17 billion, supported by $13.64 billion in cumulative net inflows since their 2024 launch. In contrast, Bitcoin ETFs posted $81.3 million in daily inflows but have suffered over $800 million in outflows this month. Despite this, Bitcoin ETFs maintain a larger overall footprint with $54.19 billion in net inflows and $144.57 billion in assets under management, reflecting their earlier institutional adoption and established market position.
read moreBitcoin ETFs See $1.1B Outflows Ahead of Fed Speech
Bitcoin ETFs are experiencing substantial outflows, shedding $1.1 billion over five days as investors reduce risk exposure ahead of Federal Reserve Chairman Jerome Powell’s Jackson Hole symposium speech. This sell-off coincides with Bitcoin’s 10% price drop from its recent all-time high and reflects broader concerns about inflation data that has reduced rate cut expectations from 90% to 75%. While Bitcoin ETFs struggle, Ethereum ETFs surprisingly saw a $286.7 million inflow on August 21, breaking a four-day outflow streak. The crypto market remains highly volatile with over $317 million in liquidations in 24 hours, and traders are closely watching key price levels around $120,000 and $110,000 ahead of Powell’s address.
read moreUS Ethereum ETFs See $196.6M Outflow, Second-Largest Daily Drop
US spot Ethereum ETFs faced substantial outflows on August 18, with investors redeeming $196.6 million—the second-largest daily withdrawal since the products’ debut. BlackRock’s ETHA led the outflows with $86.9 million in redemptions, followed closely by Fidelity’s FETH at $78.4 million. Other issuers including Grayscale, Franklin Templeton, VanEck, and Bitwise also recorded smaller outflows. This setback interrupts an eight-day inflow streak that had seen over $3.7 billion enter Ethereum ETFs. Despite the recent reversal, the overall market outlook remains positive with cumulative net inflows exceeding $12 billion and total assets under management reaching $27.7 billion, representing 5.34% of Ethereum’s total market capitalization. The data suggests continued institutional adoption despite short-term volatility.
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