etfcrypto

SEC Receives Proposal for TRON Leveraged ETF, Reveals New "Legal Highway" for Crypto ETFs

ETF Opportunities Trust has just filed for the establishment of the T-REX 2X Long TRON Daily Target ETF, a 200% leveraged ETF tracking TRON price movements.

The proposal for a leveraged ETF for TRON, a high-risk product, along with the listing of the REX-Osprey SOL + Staking ETF (the first staking ETF in the U.S.), shows that #SEC is loosening its conservative stance on complex crypto products. Previously, the SEC has maintained a tough stance on staking in lawsuits like Coinbase and Kraken. The price of $TRX has not reacted much to this news, even though Bitcoin has just reached a new ATH.

New "Legal Highway" and the Trend of Accepting Crypto ETFs

According to Reuters, the SEC is developing a new standard framework to expedite the approval process for #ETFcrypto . This new framework could shorten the approval time to about 75 days (instead of 240 days) if the application meets the criteria regarding market capitalization, decentralization, and fair wallet allocation. If enacted, this would be a "legal highway" for a series of altcoin ETFs.
In addition, major names in politics are also entering the crypto ETF race. Bitwise has been approved by the SEC to allow investors to withdraw capital in actual BTC/ETH. Trump Media & Technology Group (owner of Truth Social) has filed for the establishment of a Crypto Blue Chip ETF investing in BTC, $ETH , SOL, $XRP , and CRO, indicating direct political backing. Justin Sun (founder of TRON) also announced the purchase of 100 million USD in memecoin TRUMP and aims for TRON's IPO in the U.S.

Citigroup accelerates with stablecoins: Ambition to lead the digital financial era

#CitiGroup – the global financial giant – is entering a period of strong digital transformation, focusing on stablecoins and digital asset custody, taking advantage of favorable policies from the GENIUS Act – the new stablecoin law in the US.

According to this law, stablecoins must be backed 1:1 by safe assets (treasury bonds, cash) and transparently disclose reserves. This both protects investors and opens up a “gold mine” of services for custodian banks like Citigroup. McKinsey predicts that the stablecoin market could reach 2–3.7 trillion USD by the end of the decade.

Citigroup is currently implementing many plans:

Custody of collateral assets and #ETFcrypto , competing with Coinbase – the unit holding 80% of the market share.

24/7 cross-border payments with stablecoins, replacing traditional banking processes.

Issuing its own stablecoin, redefining its position on the digital financial map.

Not only "going it alone", Citigroup also discussed with JPMorgan, Bank of America, Wells Fargo the issuance of interbank stablecoins, to take advantage of existing payment infrastructure and reduce transaction costs.

In parallel, Citigroup has operated Citi Token Services on its own blockchain, supporting global digital asset payments and management. Investment fund tokenization experiments also open up new potential in market automation and transparency.

👉 With the support of a new legal framework and long-term vision, Citigroup has the opportunity to become a leader in the global stablecoin wave. #anhbacong

The Government Shutdown Delays Crypto ETF but Legislative Work Continues

The U.S. government shutdown is directly impacting the crypto industry, particularly delaying the approval decisions for the new spot fund #ETFcrypto . The Securities and Exchange Commission (SEC) has announced that it will not review or approve registration filings during the shutdown, maintaining only a very limited number of staff to handle emergency issues threatening market stability. This leaves the listing schedule of ETF issuers uncertain.

Despite the executive agencies being stalled, legislative work related to crypto continues to be pushed forward.
Market Structure Bill: Members of the Senate Banking Committee still plan to work on the market structure bill, which is expected to be marked up. This demonstrates the commitment of lawmakers to create a clear legal framework for the digital asset market, despite the complexities of the bill.
Tax Policy: The Senate Finance Committee held a hearing on crypto tax policy within the first hours of the government shutdown. The Committee Chairman, Senator Mike Crapo, emphasized the importance of updating tax laws to reduce burdens and uncertainty for taxpayers while keeping the U.S. an attractive place to do business.

In contrast, the implementation of the Stablecoin Act #GENIUS is being delayed. This act authorizes federal and state agencies to develop detailed rules (such as licensing requirements and AML procedures).

#ETFcrypto 🇺🇸 SEC approves conversion of Bitwise 10 Crypto Index Fund into an ETF holding the following Cryptocurrencies:

• BTC
• ETH
• XRP
• SOL
• ADA
• SUI
• LTC
• DOT
• LINK
• AVAX

The Last Fortress Falls: Vanguard Officially "Flirts" with Crypto!

News #Vanguard , the world's second-largest asset management firm with $10 trillion AUM serving over 50 million investors, is considering allowing U.S. clients to purchase Crypto ETF funds, which is an extremely optimistic and historic sign for the entire industry. This marks a complete reversal from their prohibitive stance in 2024.

Opening the Era of Huge Institutional Capital Flows

Vanguard — one of the last bastions of traditional finance — accepting #ETFcrypto marks a symbolic legalization, affirming the sustainable role of digital assets alongside stocks and bonds.
If Vanguard rolls this out, even cautiously, it will open a large and continuous flow of capital into major crypto assets. Just 1% of Vanguard's assets moving to crypto would equate to $110 billion in new capital flow. This will boost secondary market liquidity further, enhance penetration into retirement accounts, and make crypto a "default" part of the portfolios of millions of investors.

With CEO Salim Ramji (who oversaw the launch of BlackRock's IBIT) now leading Vanguard, this move is seen as an acknowledgment of competitive reality and persistent demand from clients. This "acceptance" signals that the crypto boom cycle is about to begin, as even the most conservative entities are now having to concede to the irreversible trend of digital assets. #anh_ba_cong

The SEC issues new guidelines, paving the way for a clearer Crypto ETF era

The U.S. Securities and Exchange Commission (SEC) has just announced new guidelines aimed at establishing clearer regulations for cryptocurrency investment funds. This move is an extremely positive signal, indicating a significant step forward in the institutionalization and promotion of the crypto market.

The new guidelines from #SEC will help fund managers easily understand how to apply for approval for crypto ETF funds. This is expected to accelerate the launch of new investment products awaiting regulatory decisions. To be approved, issuers will have to clearly explain (in simple language) the specifics of #ETFcrypto , such as how to custody assets and the specific risks involved. This transparency not only helps investors understand better but also enhances trust in crypto products.

More importantly, a second document is expected to be released by the SEC, including a new listing template that allows exchanges not to submit individual applications each time they want to list a new crypto product. This will significantly simplify the process, reduce the administrative burden, and pave the way for greater diversity of crypto investment products in the market.
Overall, the new guidelines from the SEC demonstrate the regulatory agency's commitment to creating a clear and efficient legal environment for cryptocurrencies.

"The Giant" Vanguard is preparing to open the door for crypto ETFs

Vanguard – a $10 trillion asset management firm, currently the second-largest asset manager in the world – is quietly preparing to allow brokerage clients access to #ETFcrypto . This is a significant turning point, as Vanguard has previously maintained a cautious stance and stayed out of the digital asset market, unlike competitors such as Fidelity and Charles Schwab.

According to internal sources, #Vanguard does not plan to launch its own crypto product like BlackRock has done, but will allow clients to access some third-party crypto ETFs. This move reflects the growing demand from clients as well as changes in the regulatory framework, with the SEC and CFTC showing a more open stance towards the industry.

Notably, the current CEO of Vanguard – Salim Ramji, former BlackRock leader – successfully oversaw the launch of the Bitcoin ETF IBIT with over $80 billion in assets. This has led investors to hope that he can apply that experience to usher Vanguard into the crypto era.

Meanwhile, the U.S. financial sector is also awaiting the appointment of an official Chair for #CFTC , in order to bolster confidence and promote the process of refining the regulatory framework for digital assets.

⚠️ Note: The cryptocurrency market always carries high risks. Investors should conduct thorough research and manage risks before participating.