SEC Approves U.S.’ Second Crypto Index ETP with Bitwise’s BITW

Senators engaged in bipartisan discussions regarding the anticipated crypto market structure bill, with Senator Cynthia Lummis expressing optimism for a new draft to be released soon. The discussions are aimed at finalizing the legislation before Congress adjourns for the holiday break. Lummis highlighted the urgency of progressing with the bill during a panel hosted by the Blockchain Association.

Nicholas Wealth has submitted a proposal for a new exchange-traded fund (ETF) named 'Bitcoin After Dark' to the SEC, which is designed to operate exclusively during nighttime hours. This innovative strategy aims to capitalize on potential market movements that occur after traditional trading hours.

Bitwise's crypto index fund has transitioned from over-the-counter markets to NYSE Arca for trading, signifying a significant move towards integrating diversified digital asset products into regulated exchanges. This shift is expected to enhance the visibility and accessibility of cryptocurrency investments for a broader audience.

Shiba Inu has experienced a significant increase in spot trading volume across major exchanges, including a 154% rise on Kraken over the past week, indicating a potential bullish trend for the second-largest meme coin by market cap. This surge comes as the broader cryptocurrency market faces declines, suggesting that buyers are stepping in to support the SHIB price at critical levels.

The U.S. Securities and Exchange Commission (SEC) has intensified its focus on anti-money laundering (AML) measures concerning low-priced securities held in omnibus accounts, signaling a potential shift towards stricter compliance and oversight in the financial sector.

The Bitwise 10 Crypto Index ETF has officially debuted on NYSE Arca, providing investors with exposure to major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP through a market-cap weighted fund. This launch represents a significant milestone in the growing acceptance of cryptocurrency investment vehicles in traditional finance.

Citadel Securities has called on the U.S. Securities and Exchange Commission (SEC) to regulate decentralized finance (DeFi) platforms that offer tokenized U.S. stocks, a move that has sparked significant controversy within the cryptocurrency sector. This request aligns with Citadel's push for regulatory parity between traditional exchanges and DeFi trading venues.

XRP Spot ETFs have reached a significant milestone, nearing $1 billion in assets under management (AUM) in under four weeks since their launch, according to Ripple's CEO, Brad Garlinghouse. The total net assets across four XRP ETF products currently stand at approximately $1.23 billion, with a recent inflow of $30 million reported on December 8, bringing cumulative net inflows close to $935 million.