Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

As the Crypto markets anticipate a decision over Spot Bitcoin Exchange-Traded Fund (ETF) from the US financial watchdogs, BitMEX Research came out with a mega list of digital assets linked to ETPs.&nbsp; However, spot Bitcoin ETF applicants, including BlackRock and Grayscale are rushing to finalize S-1 amendments by December 29 as <a href="https://news.todayq.com/sec-sets-dec-29-deadline-for-spot-bitcoin-etf-amendments/" target="_blank" rel="noopener noreferrer nofollow">SEC’s deadline</a> approaches. BitMEX lists major options for investors 
BitMEX Research in the report sheds light on the extensive range of exchange-traded crypto products available worldwide. These products hold a massive $50.3 billion in assets as of December 22, 2023. It added that Bitcoin, the biggest crypto leads the pack with over $35 billion in assets across different tickers.
The report stated that prominent Bitcoin-related products such as the Grayscale Bitcoin Trust (GBTC), ProShares Bitcoin Strategy ETF (BITO), and Hanetf’s BTCE Bitcoin ETP, among others. These products hold a total asset value of $35.4 billion as Bitcoin dominates the list.
Ethereum-related products including Grayscale Ethereum Trust (ETHE) and Purpose Ether ETF add on to the list. ETH linked products amount to a total asset value of $8.8 billion. On the other hand, <a href="https://news.todayq.com/solana-co-founder-claims-sol-is-ethereum-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> considered an Ethereum Layer-1 competitor is gaining major traction. Grayscale Solana Trust (GSOL) and 21 Shares Solana Staking ETP contribute a total asset value of $682.4 million.
However, Products covering a range of digital assets such as Bitwise 10 Crypto Index Fund and Grayscale Digital Large Cap. This makes up a portion with a total asset value of $2.7 billion. Source: BitMEX Research Why go for ETPs amid pending ETF approval? 
Equity products related to blockchain and crypto, including Amplify Transformational Data Sharing ETF (BLOK) and Invesco CoinShares Blockchain UCITS ETF (BCHN), contribute a total asset value of $2.6 billion.
BitMEX Research added that investors seeking specific cryptos in their brokerage accounts could benefit from the list of ETPs. For example, those interested in Bitcoin have 28 alternative tickers to explore, and for Solana, there are potentially four options like GSOL, ASOL, SLNC, and ESOL.
Ex-BitMEX CEO <a href="https://news.todayq.com/approval-of-bitcoin-etf-will-destroy-btc-nature-says-arthur-hayes/" target="_blank" rel="noopener noreferrer nofollow">Arthur Hayes warns</a> that a successful spot Bitcoin ETF, controlled by a few financial giants like BlackRock, could harm Bitcoin’s existence as a unique store of value.
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BitMEX Research unveils mega list of Crypto ETPs ahead of SEC’s Bitcoin ETF decision

Todayq News

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