Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Crypto ranks second in popularity among all investor asset classes, with 62% of Millennials planning portfolio allocations.
Assad Jafri 3 min read 
Bitwise explained that the new funds are designed to take advantage of market momentum while offering protection during bearish conditions
Despite entering a traditionally strong period, Bitcoin faces uncertain rally prospects due to sluggish demand growth.
Market observers are uncertain if the SEC would approve additional crypto-focused ETFs soon.
Bitwise filed for a XRP trust on Sept. 30, following Grayscale launching its own trust and Ripple win in court on August.
Taiwan's move comes at a time Bitcoin ETFs are enjoying significant market attention from investors.
The Bitcoin creator is estimated to have 1.1 million BTC, 17% more than the Bitcoin ETFs' combined stash of 916,047 BTC stash as of Sept. 24.
Despite approving options trading for IBIT on Sept. 20, the regulator claimed it needs more time to consider the decision on Ethereum ETFs.
The development positions BNY Mellon to challenge Coinbase's current dominance in crypto asset management.
