The publicly traded Ether treasury has more than 2 million ETH staked, with total holdings of more than 4.2 million, or 3.5% of the outstanding supply. Bitmine Immersion Technologies’ growing Ethereum staking position may translate into more than $160 million in annual staking revenue at current rates, as more of its Ether holdings are put to work onchain. Bitmine, the largest publicly traded Ether treasury, said it added 40,302 Ether (ETH) over the past week, lifting total holdings to 4,243,338 million ETH. Bitmine's staked ETH balance jumped by 171,264 ETH over the period, bringing total staked holdings to 2,009,267 ETH. Based on the 2.81% Composite Ethereum Staking Rate (CESR) cited by the company, a benchmark designed to estimate the annualized yield of Ethereum validators, Bitmine’s staked Ether position would translate into $164 million in annualized revenue based on ETH price at time of writing. Chairman Tom Lee said that if all of the company’s Ether were staked, the operation would generate about $37...
Bitcoin’s push for $93,000 was stalled as professional traders stay cautious and the market’s focus remains pinned to gold’s rally, Federal Reserve policy and US macroeconomics. Key takeaways: Bitcoin market data shows that pro traders are avoiding risk and paying extra to protect against a price drop. Gold is hitting record highs, but Bitcoin remains stuck as investors favor traditional safe havens. Read more
The rollout comes as UK regulators reopen the retail market to crypto-related products and global issuers expand regulated offerings. Valour, the UK subsidiary of digital asset company DeFi Technologies, has secured regulatory approval to offer crypto exchange-traded products to retail investors on the London Stock Exchange. In a Monday notice, DeFi Technologies said the UK’s Financial Conduct Authority (FCA) had approved Valour’s exchange-traded products tied to Bitcoin (BTC) and Ether (ETH) staking. The offerings, called 1Valour Bitcoin Physical Staking and 1Valour Ethereum Physical Staking, began trading on the London Stock Exchange on Monday. “The UK is one of the world's most important financial markets, and these approvals broaden our ability to serve UK retail investors with transparent, exchange-listed products that provide straightforward exposure to the evolving digital asset economy,” said Johan Wattenström, DeFi Technologies chairman and CEO. Read more
The newly launched fund offers exchange-traded exposure to AVAX as other proposed Avalanche ETFs remain under regulatory review. Global asset manager VanEck has launched a US-listed exchange-traded product offering exposure to Avalanche’s native token, AVAX (AVAX), marking the first spot Avalanche ETF to trade in the United States. According to Monday’s announcement, the product is not registered under the Investment Company Act of 1940, though it may be subject to other US securities laws. The fund will trade under the ticker VAVX, tracking the price of Avalanche’s AVAX token and potentially generating returns through staking. VanEck said it will waive sponsor fees on the ETF’s first $500 million in assets through Feb. 28. Assets over $500 million before Feb. 28 will be charged a 0.20% sponsor fee, which will apply to all assets after that date. Read more