A New SEC Rule Lets Crypto ETFs Hold 15% in Ineligible Assets
A September SEC order rewired Nasdaq's crypto ETF listing rules, letting each fund hold up to 15 percent of net asset value in assets that do not qualify.
A September SEC order rewired Nasdaq's crypto ETF listing rules, letting each fund hold up to 15 percent of net asset value in assets that do not qualify.
Bitcoin ETFs lost $236 million on September 1 while Solana and XRP funds took a tenth of that. Two days later $731 million rushed back on a Fed remark.
Zcash cleared $1,000 for a nine-year high, yet 71 percent of ZEC still sits in transparent addresses as a Grayscale ETF and a Nasdaq treasury lead buying.
Bitcoin's gold correlation hit a six-year high near 0.86. The same reading was negative last spring, and gold has still outrun it on returns across 2026.
US spot Bitcoin ETFs booked $3.52 billion in August, their best month of 2026, yet 2026 net flows stay negative and most asset growth is price, not cash.
BitMine holds 5.9 million ETH, nearly 4.6 percent of all supply, yet its stock trades near net asset value. The premium that fed ETH treasuries is gone.
XRP rallied nearly 40 percent in late August, yet XRP futures open interest fell 16 percent and CME passed Binance as the top venue. Bought, not borrowed.
Bitcoin ETFs posted their best week since October and Strategy resumed buying, but 2026 net flows are still negative and its fresh coins sit underwater.
Bitwise's BSOL has become the first Solana ETF to top $1 billion in assets under management, yet buyers put in $1.01 billion while shares slid 40 percent.
Bitcoin whales added 39,154 coins last week while the smallest wallets sold into the rally, and the move stalled below an old supply wall near $83,000.
Grayscale's Zcash ETF filing sets a 2.5% fee, ten times a spot Bitcoin fund. DCG could vote 44% of the trust, which spent 700 days below NAV.
The Q2 13F filings read like an exit from Bitcoin ETFs. But JPMorgan added 25 percent and Morgan Stanley grew its total position instead.
US spot Ethereum ETFs beat Bitcoin's again on August 13, but the win was $7.4M of inflow against a $61M Bitcoin outflow. The rotation is thin.
JPMorgan and others projected up to $6 billion for Solana ETFs in year one. The funds just logged five straight sessions of zero net creations.
Trackers say Cardano ETF eligibility starts August 9, six months after CME listed ADA futures. The SEC rule and Chainlink's own fund say otherwise.
BlackRock filed on August 4 to consolidate ETHA shares one for three. At $14.11, a single penny of spread is 7.1 basis points.