Grayscale Investments will launch two new cryptocurrency exchange-traded funds on Monday, November 24, giving U.S. investors regulated access to Dogecoin (DOGE) and XRP for the first time. The Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) will begin trading on NYSE Arca, according to recent regulatory filings and exchange approvals. The ETFs are conversions of Grayscale’s private trusts introduced earlier this year and will offer spot exposure without the need for investors to manage crypto wallets or custody. Each fund carries a 0.35% management fee. As private-placement products, GDOG and GXRP have already gathered $150 million and $220 million…
Author: Sazid Kabir
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Bitcoin has climbed back above $85,000, showing renewed confidence among investors despite a small dip in the wider cryptocurrency market. Real-time data from Binance early Saturday shows Bitcoin trading at $85,144, down 2.47% over the past 24 hours. The move past $85,000 was recorded at 01:31 AM UTC, marking a steady performance after recent market pressure. Bitcoin reached levels above $90,000 only weeks earlier, supported by rising institutional interest and positive regulatory developments. A period of profit-taking and concerns about possible tighter U.S. monetary policy led to the latest pullback. A Binance spokesperson said the slight decline reflects “maturing market…
Binance Coin (BNB) has moved back above $840, showing steady demand even as the wider cryptocurrency market experiences a controlled pullback. Fresh data from Binance shows BNB trading at $841.48 at 01:31 AM UTC on Saturday, a 3.76% drop over the past 24 hours. The recovery follows a period of market-wide corrections that pushed BNB down from highs near $900 earlier this month. The smaller decline compared with earlier in the week suggests support from long-term holders and users of the Binance platform. BNB remains closely tied to activity on Binance, where it is used for trading fee discounts, staking,…
U.S. Bitcoin exchange-traded funds (ETFs) saw $903 million in net outflows on November 20, the second-largest outflow since their launch in January 2024. The selloff was led by BlackRock’s iShares Bitcoin Trust and Grayscale’s Bitcoin fund, as institutional investors took profits amid a risk-off shift ahead of year-end. Ethereum ETFs also faced pressure, recording $262 million in net outflows, extending an eight-day streak of withdrawals, according to SoSoValue. The outflows coincided with a sharp drop in Bitcoin prices, driven by a mix of institutional exits, miner economics pressures, and technical market triggers. Analysts said the trend reflects profit-taking by large…
A coalition of more than 65 crypto firms, led by the Solana Policy Institute, has written to U.S. President Donald Trump calling for immediate regulatory clarity for digital assets. The group urged the administration to take executive action on taxation, enforcement, and developer protections without waiting for new legislation from Congress. The letter, sent on November 20, asks Trump to direct federal agencies—including the Treasury, IRS, SEC, CFTC, and Justice Department—to adopt crypto-friendly policies. The coalition’s goal is to ensure that the U.S. remains a global hub for innovation, investment, and development in the digital asset space. Key demands from…
The Bitwise XRP exchange-traded fund (ETF) launched on the New York Stock Exchange on November 20, posting roughly $25 million in first-day trading volume. The fund provides U.S. investors a way to gain exposure to XRP without holding the token directly. On its debut, 1.14 million shares were traded at an average price of $22. The ETF is physically backed by XRP held in Coinbase custody and references the CME CF XRP-Dollar Rate to limit the risk of price manipulation. Bitwise waived its 0.34% management fee for the first month on $500 million in assets under management. The fund expands…
U.K. authorities have launched a criminal investigation into Basis Markets, a collapsed crypto project accused of defrauding retail investors out of $28 million. The Serious Fraud Office (SFO) said two men were arrested on Monday in London and near Bradford on suspicion of fraud and money laundering. Their identities have not been released. According to the SFO, Basis Markets operated as an unregistered cryptocurrency scheme during the 2021 crypto boom. It promoted itself as a “crypto hedge fund” offering low-risk, arbitrage-based returns. The project raised at least $28 million through two fundraising rounds in late 2021, issuing NFTs and tokens…
Aster’s price shows signs of an early reversal, boosted by a $70 million buyback and a new listing on Coinbase, amid a challenging week for the broader crypto market. At press time, Aster traded at $1.25, down 4.2% over the past 24 hours but up 22% over the past week and 19% over the past month. Trading volume reached $953 million in 24 hours, a 27% increase, while futures activity rose to $2.4 billion, though open interest fell 6.6% to $552 million, suggesting traders are rotating out of older positions rather than adding new risk. The recent optimism stems from…
Kalshi has raised $1 billion, increasing the prediction-market platform’s valuation to $11 billion, according to TechCrunch. The funding comes less than two months after the company secured $300 million at a $5 billion valuation. The round was led by existing investors Sequoia and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The new valuation puts Kalshi in closer competition with Polymarket, which is reportedly seeking a valuation between $12 billion and $15 billion after its own $1 billion raise. Kalshi’s growth has accelerated this year. The platform now serves users in more than 140 countries and recently…
Bitcoin fell to a seven-month low of around $85,000 on Friday after a sharp long squeeze and continued outflows from U.S. spot Bitcoin ETFs added heavy selling pressure. The price dropped 7% during Asian trading hours to an intraday low of $85,400, according to crypto.news. Bitcoin is now down 11.6% over the past week and sits 32% below its October all-time high of $126,080. More than $443 million in Bitcoin long positions were liquidated in the past 24 hours, compared with $26 million in short positions, data from Coinglass shows. The sudden move forced bullish traders to close out leveraged…