Coindesk

There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.Investment advisors now hold over $10.28 billion in spot bitcoin BTC ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies. These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top "number one by a mile." Balchunas estimates that 13F filers currently make up about 20% of total spot Bitcoin ETF assets, a number likely...

Crypto asset manager 3iQ has debuted one of its hedge fund products as an actively managed certificate (AMC) with the Swiss regulated partner Criptonite Asset Management, the companies said on Thursday.AMCs are regulated investment vehicles that allow qualified investors to invest in actively managed products. The new structured product is due to trade on Swiss Exchange SIX.The 3iQ Criptonite Multi-Factor AMC is a hedge fund that uses a long/short strategy, taking advantage of market uptrends and downtrends with dynamic positioning, according to a press release.A pioneer in the crypto trading arena, 3iQ was one of the first fund managers to list a bitcoin fund, with its Bitcoin Fund on the TSX, and the first with a publicly listed ether fund,...

Crypto traders holding XRP XRP and dogecoin DOGE can now tap into yield-generating decentralized finance (DeFi) opportunities on Base, the layer-2 blockchain from digital assets exchange Coinbase (COIN).On Wednesday, the Nasdaq-listed exchange said the wrapped versions of the two tokens, called cbXRP and cbDOGE, were live on Base. These wrapped tokens are backed 1:1 by native coins, meaning that for all cbXRP and cbDOGE in circulation, there is an equivalent amount of XRP or dogecoin held in a secure custody solution by Coinbase.Wrapped tokens represent the original assets in environments where they are otherwise unavailable, offering compatibility with Base's protocol and DeFi applications. This facilitates interoperability, allowing for the seamless transfer of coins within the ecosystem while allowing holders to...

Dogecoin DOGE fell as much as 4.3% over the past 24 hours, dropping from $0.196 to $0.189 as profit-taking continues across majors.The meme-inspired token broke below key support at $0.194 during heavy selling between 11:00-14:00, establishing a new resistance zone while finding a temporary bottom at $0.187.News BackgroundDogecoin’s price struggles come amid a shifting landscape in the meme coin sector and a general capital preference for stablecoins or bitcoin.Recent whale transfers have moved significant DOGE amounts to major exchanges, sparking speculation about potential sell-offs or accumulation phases.On a broader scale, geopolitical tensions and inflation concerns continue to impact investor sentiment across risk assets, with cryptocurrency markets particularly sensitive to global trade policy shifts.These macroeconomic headwinds are keeping DOGE on the...

Profit-taking continued to weigh down crypto markets Thursday as Dogecoin DOGE and Cardano’s ADA ADA led declines among major tokens, with bitcoin BTC little-changed over the past 24 hours.XRP XRP, Solana’s SOL SOL and BNB Chain’s BNB BNB shed 1.5%, while Tron’s TRX TRX was the only major token in the green with a 1.9% bump.“Recent macro and policy conditions have created uncertainty in risk-on assets, which is reflected in the current Bitcoin price,” said Anna Liu, CEO of HashKey Tokenization, said in a Telegram message to CoinDesk.“While we believe there will likely be volatilities in Bitcoin and cryptocurrencies, we remain positive on BTC as a strategic asset for investors in the longer term,” she added, noting that recent inflows...