๐จ๐ฃ BOMB ๐ฅ COINSHARES โ๏ธCANCELS ETFs OF
$XRP , SOLANA AND LITECOINโ ๏ธ
A FEW DAYS BEFORE THE LAUNCHโ WHAT HAPPENED โ๐ฑ
โก URGENT
CoinShares asked the SEC to withdraw registration of the ETFs on 28/Nov
No shares sold. CANCELEDโ
๐ฅ REASON
CEO: "The American ETF market has become SATURATED and dominated by giants"
๐ BRUTAL REALITY
BlackRock, Fidelity, and Bitwise control +90% of ALL flows in crypto ETFs!
๐ฐ US$ 870M already raised in existing XRP ETFs
๐ CoinShares: US$ 10 billion under management
๐ Margins shrinking
๐ฏ CANCELED
โ XRP ETF
โ Solana โธ
$SOL โธ Staking ETF
โ Litecoin โธ
$LTC โธ ETF
โ Bitcoin Futures Leveraged ETF
EVERYTHING๐ป
๐ก NEW STRATEGY
Products in the next 12-18 months
โ
Crypto-linked stocks
โ
Thematic baskets
โ
Mix of crypto + traditional
โ
Greater added value
๐ CONTEXT
CoinShares merging US$ 1.2 billion with Vine Hill for Nasdaq
Wants DIFFERENTIATED products, not generic ones!
๐ง MY ANALYSIS
"Limited space for differentiation in a unique altcoin" - CEO
Market is WAY TOO CROWDED!
๐ IMPACT ON THESE CRYPTOS
๐ป SOL: -2%
๐ป LTC: -2%
๐ป XRP: -0.5%
Other strong ETFs
๐ Solana: US$ 369M in Nov
๐ Bitwise: US$ 223M on day 1
๐ฎ LESSON
BRUTAL ETF War!
Only survive
โ
Giants (BlackRock, Fidelity)
โ
Unique products
โ
MASSIVE Scale
โ ๏ธ IMPORTANT
CoinShares is NOT leaving the US!
Repositioning for more profitable products.
"We prefer to stand out rather than get lost in the crowd"
๐ก Disclaimer
โ ๏ธ Channel
@Leandro Fumรฃo Crypto ๐ Warns ๐ฃ The information presented in this post is for educational and informational purposes only and should not be considered as investment advice.
๐ Study before making any investment decision.
#CoinShares #Xrp๐ฅ๐ฅ #solana #etf #SEC