Coindesk

VanEck is bringing an actively-managed exchange-traded fund (ETF) tracking digital asset stocks to the market after receiving approval from the U.S. Securities and Exchange Commission (SEC).The VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks, VanEck’s head of digital asset research Matthew Sigel, said in a post on X.The management fee will be 0.69%.Stocks included will range among crypto exchanges, miners, data center, energy infrastructure, semiconductors, hardware, TradFi rails, consumer/gaming, asset managers and “balance sheet HOLDers.” Up to 25% of NODE’s exposure will be in crypto exchange-traded-products (ETPs).“The global economy is shifting to a digital foundation," Sigel said. "NODE offers active equity exposure to the real businesses building that future."The fund is expected to start trading on May...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2468.7, up 1.2% (+29.84) since 4 p.m. ET on Wednesday.Eighteen of 20 assets are trading higher.Leaders: BCH (+4.2%) and NEAR (+3.7%).Laggards: APT (-1.4%) and FIL (-1.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Lombard Finance, a Bitcoin infrastructure developer, has launched a software development kit (SDK) that allows wallets, exchanges, and other platforms to offer one-click bitcoin (BTC) staking.The release aims to further bring BTC into the decentralized finance (DeFi) economy by tapping into the estimated $154 billion in bitcoin estimated to be sitting idle on centralized exchanges. The new toolkit allows users to stake BTC to mint a liquid staking token called LBTC, which can be automatically deposited into Lombard’s DeFi Vault for a current annual yield of 3%, according to the protocol.“Once viewed solely as a store of value, Bitcoin is now increasingly being integrated into DeFi, unlocking new earning opportunities for BTC holders,” said Lombard Finance co-founder Jacob Phillips, who...

XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after bitcoin (BTC) and ether (ETH), analysts argued this week. However, the Deribit-listed options market,doesn't share this optimism.As of the time of writing, Deribit's put options tied to XRP were pricier than calls across several timeframes, according to data source Amberdata. That's a sign of persistent downside fears. A put option provides insurance against price drops, and traders purchase the same when looking to hedge or profit from an expected price drop.The bias for puts was evident from negative skews across the timeframes. Options skew measures the implied volatility premium (demand) for calls relative to puts.XRP dived out of an ascending wedge early Wednesday, signaling...

By Francisco Rodrigues (All times ET unless indicated otherwise)President Donald Trump’s “reciprocal tariffs” announcement earlier this month drove the economic trade policy uncertainty index to a record high and sent investors away from risk assets, which include bitcoin (BTC) and other cryptocurrencies.Federal Reserve Chairman Jerome Powell fanned the flames late Wednesday, saying the central bank sees unemployment rising with the economy likely to slow and inflation likely to go up as "some part of those tariffs come to be paid by the public.”His comments weighed further on risk assets, bringing the Nasdaq down 1.17% and the S&P 500 dropping 2.24% before the closing bell. Still, bitcoin is up more than 1% in the last 24 hours, while the CoinDesk 20...