Crypto News
Vaneck’s New ETF Proposal Aims to Bring Avalanche’s AVAX to Traditional Markets
Asset manager Vaneck has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Vaneck Avalanche ETF, a first-of-its-kind fund designed to track the market price of AVAX, the native token of the Avalanche blockchain. Vaneck Seeks SEC Approval for a Spot AVAX ETF Vaneck’s proposed exchange-traded fund (ETF) would hold AVAX directlySource link
Which AI Actually Is the Best at ‘Being Human?’
We compared four leading AI companions (ChatGPT, Gemini, Hume and Sesame) across different dimensions of human-like interaction. Your next AI BFF may not be from one of the big AI companiesSource link
Digital Assets Gain Traction: Goldman Sachs Spotlights Crypto in Annual Report
Financial giant Goldman Sachs addressed cryptocurrency and digital assets in its 2024 annual report, highlighting both their growing influence and associated risks while emphasizing blockchain’s transformative potential. Goldman Sachs 2024 Report Touches Upon Digital Assets Goldman Sachs referenced cryptocurrency and digital assets throughout its 2024 Form 10-K filing, acknowledging their growing prevalence while cautioning aboutSource link
21Shares to Liquidate Two Bitcoin and Ether Futures ETFs Amid Market Downturn
Crypto asset manager 21Shares is set to liquidate two actively managed exchange-traded funds (ETFs) tied to bitcoin and ether futures amid a wider market downturn.The funds slated for liquidation are the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Investors can trade shares until the market closes on March 27, with liquidation expected to take place “on or around March 28,” according to a press release.The actively managed ETFs, which have an expense ratio of 1% and 0.93%, respectively, are set to be liquidated as U.S.-listed spot bitcoin ETFs saw over $1.66 billion in outflows so far this month. The outflows come as cryptocurrency prices plunge. Bitcoin is down more...
Coinbase Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts
Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares.The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release.The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from over $105,000 to now stand at wrought $84,000. COIN shares saw even worse performance, losing nearly 42% of their value during the...