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The US Spot Bitcoin ETF notched a net inflow that combined a net inflow of about $1 billion on Monday and Tuesday.
There are a few launches imminent for the next crypto ETF that will hit the market. Like this week. Others will take some time.
Volatility share is set to introduce two XRP futures ETFs on Thursday. This is the standard one and version that offers twice as much exposure every day.
The imminent launch follows the launch of Teucrium’s XRP Futures ETF in April. The fund has $120 million in managed assets. CME Group then made XRP futures available for trading this week. This was a volume of over $19 million traded on the first day.
However, regarding spot products, the SEC said in its application Tuesday it would like more time to consider the XRP ETF proposed by Grayscale. This comes after the SEC delayed last week’s decision on the company’s planned Solana ETF.
In a separate filing on Tuesday, the SEC said “it would be appropriate to specify a longer period.”
Industry watchers have seen the SEC historically take the full 240 days allocated to dominate this type of 19b-4, so they are hoping for these delays in crypto funds at these additional locations.
Regarding changes to existing ETFs (i.e. allowing staking), SEC Commissioner Hester Perth said in February that “the committee may have to make progress on custody and other issues.”
