Crypto ETFs Progress with Fee Disclosures; Wintermute Dispels Binance Lawsuit Rumors
Crypto ETFs Progress with Fee Disclosures; Wintermute Dispels Binance Lawsuit Rumors
Investment firms Bitwise and Grayscale have disclosed the proposed fee structures for their XRP and Dogecoin exchange-traded funds, signaling continued efforts to bring these products to market despite ongoing regulatory hurdles. Simultaneously, market maker Wintermute's CEO, Evgeny Gaevoy, has publicly stated that the firm has no intention of suing Binance over losses incurred during a significant crypto liquidation event in October.
XRP and Dogecoin ETFs Reveal Fee Structures
Bitwise and Grayscale have taken a notable step in the advancement of institutional crypto investment products by publicly revealing the fees associated with their proposed exchange-traded funds (ETFs) for XRP. The move underscores a persistent drive by these asset managers to introduce regulated investment vehicles tracking major cryptocurrencies, even as they navigate the path toward securing official approval from the U.S. Securities and Exchange Commission (SEC).
Wintermute Clarifies Stance on Binance Legal Action
In other market developments, Evgeny Gaevoy, the head of prominent crypto market maker Wintermute, has addressed speculation regarding potential legal disputes. Gaevoy confirmed that Wintermute is not pursuing legal action against the Binance exchange, nor did it ever plan to, in connection with losses sustained during a major crypto liquidation event that took place on October 10.