NYSE Arca has submitted a request to the United States Securities and Exchange Commission (SEC) to list an exchange-traded product (ETP) managed by Bitwise Asset Management, offering exposure to a basket of 10 cryptocurrencies.
Bitwise announced on Nov. 15 that NYSE Arca filed a 19b-4 form to list the Bitwise 10 Crypto Index Fund (BITW) as an ETP.
The fund includes allocations to 10 major cryptocurrency assets, including Bitcoin, Ether, Solana, XRP, Cardano, Avalanche, Bitcoin Cash, Chainlink, Uniswap, and Polkadot.
As of Oct. 31, 2024, the fund’s composition features 75.1% Bitcoin, 16.5% Ether, 4.3% Solana, and 1.6% XRP, with the remaining assets each accounting for less than 1% of holdings.
Bitwise CEO Hunter Horsley emphasized that ETPs are the “most efficient, convenient, and useful vehicles for providing crypto exposure.”
He reiterated Bitwise’s commitment to converting the fund into an ETP structure.
The company noted that ETPs offer regulatory protections and enhanced shareholder efficiency.
An ETP would allow ongoing subscriptions and redemptions, creating an arbitrage mechanism to ensure secondary market trading remains closely tied to its net asset value (NAV).
This filing is part of Bitwise’s broader strategy to transition its $1.3 billion trust into an ETP framework.
Bloomberg analyst Eric Balchunas remarked that the timing of the filing aligns with recent political developments.
He noted, “A Donald Trump-elected SEC chair would make ‘anything’ possible,” though he cautioned that approval is not guaranteed, adding, “the space needs more intel.”
The move also follows NYSE Arca’s separate filing to list the Grayscale Digital Large Cap Fund as an ETF on Oct. 29.
That fund similarly includes a portfolio of spot cryptocurrencies such as Bitcoin, Ether, Solana, XRP, and Avalanche.
Republican Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Republican Shiba (SHIBREP), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days.
This is because SHIBREP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Republican Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Republican Shiba could become the next viral memecoin.
Republican Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Republican Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Republican Shiba by entering its contract address – 4V3sBJTvxkMiDGonMCqrPLbi2nA4sxH3sPFkMHT5bC8S – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SHIBREP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Major South Korean cryptocurrency exchange Upbit is under scrutiny for alleged significant breaches of Know Your Customer (KYC) regulations as it seeks to renew its local license.
The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC) reportedly uncovered 500,000 to 600,000 potential KYC violations during its review, according to a Nov. 14 report by Maeil Business Newspaper (MK).
These findings could potentially impact Upbit’s operations and its ability to renew its business license.
Upbit Allegedly Accepted Blurred IDs for KYC
Cryptocurrency exchanges in South Korea are legally required to maintain strict KYC and Anti-Money Laundering (AML) procedures.
Since January 2018, the government has mandated real-name bank accounts for crypto trading, and all Virtual Asset Service Providers (VASPs) must register with the FSC.
The MK report claims that Upbit failed to meet these standards, allowing users to create accounts using IDs with blurred personal information, such as names and registration numbers, making proper verification difficult.
Upbit could face fines of up to 100 million Korean won ($71,500) per violation, in addition to challenges with its license renewal.
Monopoly Investigation and K-Bank Concerns
Founded in 2017, Upbit is one of South Korea’s largest crypto exchanges, with $2.2 billion in daily trading volume, per CoinGecko.
This KYC controversy follows an anti-monopoly investigation launched by the FSC in October 2023, linked to Upbit’s relationship with K-Bank.
Authorities have long scrutinized K-Bank due to its heavy reliance on crypto exchanges, with reports indicating that 70% of its deposits are tied to cryptocurrency.
In October, K-Bank canceled its $732 million initial public offering (IPO), citing valuation concerns and its dependency on crypto-related funding.
Broader Regulatory Challenges
Upbit’s alleged KYC violations highlight ongoing regulatory challenges in South Korea’s crypto market, particularly as authorities tighten oversight of digital asset platforms.
Master Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Master Trump (TRUMPMAS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because TRUMPMAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Master Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Master Trump could become the next viral memecoin.
Master Trump launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Master Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Master Trump by entering its contract address – 4AVK7dErXPubAaSzV4n9o8L1Di3sgsCq14JHevMr39iW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPMAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Republican Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Republican Shiba (SHIBREP), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days.
This is because SHIBREP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Republican Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Republican Shiba could become the next viral memecoin.
Republican Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Republican Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Republican Shiba by entering its contract address – 4V3sBJTvxkMiDGonMCqrPLbi2nA4sxH3sPFkMHT5bC8S – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SHIBREP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The legal conflicts between cryptocurrency firms and the United States Securities and Exchange Commission (SEC) may ease with Donald Trump’s reelection as the 47th president, Consensys CEO Joe Lubin suggested.
“So my guess is, in a way that is not embarrassing, they figure out ways to get the cases dismissed or settled, or something like that,” Lubin said during an interview with Cointelegraph at DevCon 2024 in Thailand.
“Maybe not all the cases, maybe not all elements of the case, but I have a feeling that our industry is going to save hundreds of millions of dollars going forward,” he added.
Lubin’s remarks follow Trump’s victory in the Nov. 5 presidential election, a development welcomed by the crypto sector due to his pro-crypto campaign promises.
Trump’s Pro-Crypto Agenda
One of Trump’s key pledges was to dismiss SEC chair Gary Gensler on his first day in office.
“There is also growing optimism that Trump will fill his cabinet with ‘pro-crypto’ individuals,” Lubin noted.
Lubin believes Trump’s transition team is “moving aggressively,” describing the former president as “a pretty good politician” who “picks up on the zeitgeist and runs with it.”
Consensys’ Legal Battle
Lubin also discussed Consensys’ lawsuit against the SEC, filed in April, accusing the agency of seeking to regulate Ether (ETH) as a security.
“Our lawsuit lit a fire. That fire was picked up by law,” Lubin stated.
He alleged that the SEC attempted to differentiate Ethereum 2.0 from the original Ether, arguing the former was a security.
Although a Texas federal judge dismissed Consensys’ lawsuit in September, a separate SEC case against the company—alleging it operated as an unregistered broker through MetaMask Swaps—remains ongoing.
Industry Criticism
Coinbase CEO Brian Armstrong recently called for the next SEC chair to apologize for the agency’s harm to the cryptocurrency space.
Golden Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Golden Shiba (GOLDSHIB), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days.
This is because GOLDSHIB is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Golden Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Golden Shiba could become the next viral memecoin.
Golden Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Golden Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Golden Shiba by entering its contract address – HyfBjW8ug3jnRn2db6Zh31LY4WXCHEqjizRpReYy3Qid – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like GOLDSHIB.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Giant Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Giant Trump (TRUMGIAN), a Solana memecoin launched today, is set to explode over 15,000% in price in the coming days.
This is because TRUMGIAN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Giant Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Giant Trump could become the next viral memecoin.
Giant Trump launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Giant Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Giant Trump by entering its contract address – EUhUbgtWRtcNj3nRodnMY7s3nWbQyo4Wx6ujyx3sfRMm – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMGIAN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Golden Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Golden Shiba (GOLDSHIB), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days.
This is because GOLDSHIB is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Golden Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Golden Shiba could become the next viral memecoin.
Golden Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Golden Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Golden Shiba by entering its contract address – HyfBjW8ug3jnRn2db6Zh31LY4WXCHEqjizRpReYy3Qid – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like GOLDSHIB.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Giant Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Giant Trump (TRUMGIAN), a Solana memecoin launched today, is set to explode over 15,000% in price in the coming days.
This is because TRUMGIAN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Giant Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Giant Trump could become the next viral memecoin.
Giant Trump launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Giant Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Giant Trump by entering its contract address – EUhUbgtWRtcNj3nRodnMY7s3nWbQyo4Wx6ujyx3sfRMm – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMGIAN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.