Topic
Exchange-listed funds, trusts and notes that hold or track digital assets, letting brokerage investors gain crypto price exposure without self-custody.
21Shares' Anthropic Synthetic ETP, issued Oct. 13, gives buyers an unsecured claim on a Cayman issuer that depends on a FalconX note counterparty. Returns depend on the issuer-and-note chain's ability to pay as well as on Anthropic-linked prices, CryptoSlate reported.
Reality
VS Trust's 3x bitcoin and ether funds won SEC approval of their exchange-listing rules on Oct. 2, moving daily-reset leverage closer to trading. Because the triple exposure resets every session, a holder can be right about bitcoin for months and still lose money.
Reality
Morgan Stanley, with $9.3 trillion of client assets, has opened a lab to test stablecoins, tokenization and DeFi, according to Crypto Briefing. Its bid to hold and trade crypto itself rests on the national trust bank charter it filed for in February.
Reality
The fund charges 2.5% a year on about $100,000 of day-one assets held with BitGo, four weeks after Grayscale's US Zcash ETF began trading on NYSE Arca. The European money has not shown up yet.
Reality
Grayscale's Zach Pandl puts every Zcash miner in the world at about $2 million of revenue a day against Bitcoin's $35 million. The four-times power advantage that implies only reaches Equihash hardware.
Reality