Ripple’s post-SEC rebound is drawing Wall Street backing, including a $40 billion valuation deal with downside protection— and some investors betting on XRP.
Bitwise’s crypto index fund lists on NYSE Arca
On Dec. 10, Bitwise Asset Management’s 10 Crypto Index Fund (BITW) transitioned from the over-the-counter market to NYSE Arca, broadening its visibility and opening the door to greater institutional participation. The fund is now available as an exchange-traded product.
BITW provides diversified exposure to the 10 largest crypto assets by market capitalization, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP.
“Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed,” said Matt Hougan, Bitwise’s chief investment officer. “The index approach is a way for people to invest in the thesis without having to predict the future.”
An NYSE Arca listing may help BITW attract investors who are hesitant to buy crypto directly through exchanges.
Twenty One Capital opens with a strong public debut
Bitcoin treasury company Twenty One Capital began trading on the New York Stock Exchange on Tuesday, marking a notable step in the growing institutional push into digital assets. The listing follows the company’s merger with Cantor Equity Partners.
The company, now trading under the ticker XXI, holds more than 43,000 BTC, valued at nearly $4 billion.
“Bitcoin is honest money. That’s why people choose it, and that’s why we built Twenty One on top of it,” CEO Jack Mallers said as the company went public.
Backed by Cantor Fitzgerald, Tether, Bitfinex and SoftBank, Twenty One Capital has exceeded its Bitcoin accumulation targets after a series of large purchases throughout the year.
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Author: Sam Bourgi
