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CFTC Investigates Suspicious Oil Trades Before Trump’s Iran Posts

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CFTC Investigates Suspicious Oil Trades Before Trump’s Iran Posts

The Commodity Futures Trading Commission (CFTC) is reportedly investigating suspicious oil futures trades placed minutes before President Donald Trump’s Truth Social posts about Iran de-escalation talks.

The probe follows weeks of pressure from Democratic lawmakers who flagged unusual activity in crude oil markets tied to the president’s announcements.

Hundreds of Millions Bet Before Trump’s Posts

On March 23, traders placed roughly $500 to $580 million in Brent and WTI crude oil futures contracts between 6:49 and 6:50 a.m. ET.

That was approximately 15 minutes before Trump posted on Truth Social about productive talks with Iran to de-escalate tensions.

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Oil prices dropped sharply afterward, rewarding those who had bet on a decline.

The trading volume at that hour was roughly nine times the average for that time of day, according to CBS News. No public news or catalyst explained the surge when it happened.

“Is this the best timed trade of 2026?,” analysts at the Kobessi Letter posed at the time.

A similar pattern reportedly emerged on April 7, when approximately $950 million in bets on falling oil prices appeared hours before Trump announced a two-week ceasefire with Iran. Oil prices fell about 15% following that post.

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Lawmakers Push for Answers

Senators Elizabeth Warren and Sheldon Whitehouse sent a formal letter to CFTC Chairman Michael Selig on April 9. They described a “recurring concern” about possible misuse of material nonpublic government information under the Commodity Exchange Act.

Rep. Ritchie Torres separately demanded that both the Securities and Exchange Commission (SEC) and the CFTC review the trading activity around both announcements.

The White House has denied any involvement. Spokesman Kush Desai called implications of administration insider trading “baseless and irresponsible.”

The CFTC has surveillance tools for futures markets and the authority to subpoena trading records. However, enforcement investigations of this type typically take weeks or months to produce public findings.

No charges or identified traders have surfaced yet.

Oil markets remain volatile amid shifting signals on the US-Iran conflict. Any new announcements from the White House could trigger further scrutiny of pre-announcement trading patterns.

The post CFTC Investigates Suspicious Oil Trades Before Trump’s Iran Posts appeared first on BeInCrypto.

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Kalshi Expands 24/7 Commodities With New Markets

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Kalshi launched a new Commodities Hub that expands its 24/7 event contracts platform into agriculture, metals, and energy markets.
  • The company added contracts tied to natural gas, coffee, copper, sugar, corn, soybeans, wheat, nickel, diesel, and lithium.
  • Kalshi structured the contracts as binary markets based on price direction and threshold outcomes.
  • The platform allows users to trade around the clock, including weekends and holidays.
  • Kalshi said federal authorities and courts confirmed that its event contracts fall under CFTC oversight.

Kalshi has expanded its platform with a new Commodities Hub that adds agriculture, metals, and energy markets. The company launched the hub on Tuesday to widen access to event contracts tied to raw materials. The move strengthens its 24/7 trading model and targets rising demand for flexible commodity exposure.

Kalshi Expands Commodities Suite with Agriculture, Metals, and Energy Contracts

Kalshi added new markets linked to natural gas, coffee, copper, sugar, corn, soybeans, wheat, nickel, diesel, and lithium. The expansion builds on existing contracts tied to WTI crude, Brent crude, gold, and silver. The company said the hub offers broader commodity coverage through binary event contracts.

The platform structures each contract around price direction and threshold outcomes. Users can trade on whether a commodity will close above or below a set level. Kalshi said this format removes margin requirements, contract rollovers, and complex mechanics tied to futures.

Kalshi stated that geopolitical stress and inflation concerns have fueled higher commodities activity. The company linked the launch to oil market swings tied to Middle East tensions. It said supply chain disruption has also increased trading interest across global markets.

The hub allows continuous trading, including weekends and holidays. Users can express views during off-hours when traditional exchanges remain closed. Kalshi said this access supports faster reactions to macro shocks in energy and agriculture.

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The company emphasized that contracts operate under federal financial oversight. It said federal authorities and courts recently affirmed that its event contracts fall under CFTC jurisdiction. This position places the products outside state gaming law.

Regulatory Clarity and Institutional Push Support Kalshi Growth

Kalshi said recent court decisions strengthened its regulatory standing. Federal rulings supported the company’s view that prediction markets qualify as financial products. The firm stated that CFTC oversight governs its commodity event contracts.

The company also confirmed that it received an NFA license for margin trading. This approval allows Kalshi to expand trading features for qualified participants. It said the license supports broader participation across its markets.

Kalshi reported that it has worked with Jump Trading on contract development and liquidity support. The firm said these efforts aim to deepen market efficiency and order flow. It stated that institutional engagement remains a core priority.

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The Commodities Hub integrates with Kalshi’s existing event contract interface. Users can access price thresholds and directional markets from a single dashboard. The company said contracts trade around the clock without interruption.

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Fellowship PAC Sends $3M in Ads to Hines-Linked Firm

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Fellowship PAC raised $11 million and quickly spent $3 million on advertising services.
  • The PAC booked its advertising through Nxum Group, a firm co-founded by Tether US CEO Bo Hines.
  • Federal Election Commission filings show that Cantor Fitzgerald contributed $10 million to the PAC.
  • Anchorage Digital contributed $1 million and described it as part of its bipartisan policy approach.
  • The PAC supported Republican candidates in Georgia, Kentucky, and Nebraska with targeted ad spending.

A newly formed crypto political committee has raised $11 million and quickly directed $3 million to advertising services. Fellowship PAC booked those ads through Nxum Group, a firm co-founded by Tether US CEO Bo Hines. Federal Election Commission filings released Wednesday detailed the funding sources and spending activity.

Fellowship PAC funding and early spending

Fellowship PAC collected $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital, according to filings. The committee then committed $3 million for advertising through Nxum Group, which Hines co-founded with his father and a partner.

The PAC supports Republican candidates in congressional and gubernatorial races. It spent $300,000 to support Clay Fuller after he won a Georgia special election. It also directed $850,000 to Nate Morris in Kentucky’s Senate race and $350,000 to Senator Pete Ricketts in Nebraska.

Filings show Nxum Group received the full $3 million in disbursements for advertising services. Before this work, Nxum reported limited campaign activity. The firm previously donated $1 million in billboard advertising to MAGA Inc. in 2024.

Hines served as former President Donald Trump’s crypto adviser before joining Tether last year. He co-founded Nxum before taking his White House role. Nxum’s recent filings now connect it to the PAC’s initial advertising push.

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Tether links and corporate contributions

Fellowship PAC has reported ties to Tether since its launch last year. A senior Tether executive serves as the PAC’s chairman. However, most of the current funding came from Cantor Fitzgerald.

Cantor manages reserves for Tether’s stablecoin operations. Howard Lutnick, Cantor’s former chief executive, now serves as Commerce Secretary under Trump. His children now oversee Cantor’s operations.

Fellowship PAC previously announced plans to raise $100 million to support pro-crypto candidates. That pledged total has not appeared in current filings. The PAC has not responded to requests for comment.

Anchorage Digital described its $1 million contribution as part of a broader strategy. The company stated, “Anchorage Digital has made a corporate contribution to the Fellowship PAC as part of our broader, bipartisan approach to advancing regulatory clarity for digital assets in the United States.” Anchorage also posted the statement on its website.

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Neither Tether US nor Cantor Fitzgerald responded to media inquiries about their involvement. Filings identify a Cantor executive as the PAC’s treasurer. Current records do not show direct contributions from Tether entities.

U.S. law bars non-U.S. entities from directly participating in federal campaign financing. Tether operates globally, and public records do not clarify whether its U.S. arm contributed funds. The latest Federal Election Commission filings reflect $11 million raised and $3 million disbursed for advertising.

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Dogecoin Price Prediction Targets $0.32 While AlphaPepe AI-DEX Demo Goes Live and Presale Nears $1M

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Dogecoin Price Prediction Targets $0.32 While AlphaPepe AI-DEX Demo Goes Live and Presale Nears $1M

The Dogecoin price prediction is shifting. After months pinned below $0.10, multiple analyst models now project DOGE reaching $0.32 by late 2026 if the ascending channel structure holds and broader crypto momentum returns. DigitalCoinPrice and CoinCodex place their conservative band between $0.32 and $0.50, while Binance Square contributors are mapping breakout targets at $0.26, $0.32, and $0.36 if resistance clears. The setup is forming but the timeline stretches across quarters. Meanwhile AlphaPepe just pushed its live AI-DEX demo into public access, crossed $850,000 in presale capital with the $1 million mark now visible, and continues offering a Stage 13 entry at $0.01450 where the distance to analyst targets makes the Dogecoin price prediction look like a rounding error.

What the $0.32 Dogecoin Price Prediction Actually Requires

DOGE trades at $0.093. The 200-day moving average sits at $0.14, more than 50% above the current price. Bollinger Bands remain compressed between $0.087 and $0.101, and every attempt to reclaim $0.10 this year has been rejected. For the Dogecoin price prediction to reach $0.32, the token needs to clear $0.10, flip $0.14 from resistance to support, break through the $0.28 descending trendline that has capped rallies since July 2025, and sustain momentum long enough for the ascending channel to complete.

That is four sequential resistance levels and a minimum of six to eight months under favorable market conditions. From $0.093 to $0.32 is a 244% return. For holders who bought below a penny years ago, that is a recovery story worth watching. For new capital entering at $0.093 today, that is eight months of waiting for a triple that depends entirely on Bitcoin, sentiment, and meme cycle timing all cooperating at once.

AlphaPepe AI-DEX Demo Goes Live as Presale Approaches $1M

The AlphaSwap demo is no longer a claim. It is running. Anyone can access the AlphaPepe cross-chain AI DEX interface and watch it screen contracts for exploit signatures, surface whale wallet movements in real time, and route swaps across chains through an AI execution layer. This is the product that will generate fee revenue the moment public trading opens. It works today, before a single listing candle has printed.

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Behind the demo sits a codebase built by an engineer who cut their teeth shipping Shibarium infrastructure across 500 million live transactions. The smart contract carries a 10/10 BlockSAFU audit with zero vulnerabilities flagged. Supply is capped at 1 billion tokens. Every presale purchase delivers tokens to the wallet instantly with no vesting and no lock period.

The presale is approaching $1 million. Over $850,000 has been collected from 7,600 wallets, with roughly 100 new addresses entering every day. Stage 13 is live at $0.01450 but the price climbs every few days and jumps again when the current stage sells through. Stakers are collecting 85% APR while they wait for the Q2 DEX launch. A Tier 1 CEX listing follows directly after.

A $1,000 entry at $0.01450 secures 68,966 tokens. Analysts placing conservative targets at $1.50 would value that at $103,449 when trading begins. The Dogecoin price prediction needs eight months and four resistance flips for a 244% gain. AlphaPepe needs Q2 to arrive for a return measured in multiples of 100. Buyers entering at $5,000 or more can apply code ALPHA100 for a 100% bonus allocation, doubling their token count before the listing math even begins.

One Prediction Needs Permission. The Other Needs a Calendar.

The $0.32 Dogecoin price prediction may arrive. The technical structure supports it if conditions align. But the presale window at $0.01450 with a live AI-DEX demo, a flawless audit, and $1 million in sight does not wait for conditions. Stage 13 is filling and the next stage is approaching at a higher price.

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Click To Visit AlphaPepe Official Website To Enter The Presale

FAQs

What is the Dogecoin price prediction for 2026?
Multiple models target $0.32 to $0.50 by late 2026, requiring a breakout above $0.10, $0.14, and $0.28 resistance levels from the current $0.093 price.

What is the AlphaPepe AI-DEX demo?
AlphaSwap is a live cross-chain AI DEX that screens contracts, tracks whale wallets, and routes swaps. The demo is publicly accessible now ahead of the Q2 launch.

How close is AlphaPepe to raising $1M?
Over $850,000 raised across 7,600 wallets with 100 new addresses daily. Stage 13 at $0.01450 is active and the next stage approaches at a higher price.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Goldman Sachs bond traders stumbled as Wall Street rivals thrived

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Goldman Sachs bond traders stumbled as Wall Street rivals thrived

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026.

Oscar Molina | CNBC

When Goldman Sachs executives were asked about disappointing results in the firm’s fixed income division this week, they made it sound as though the trading environment was simply not in their favor.

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Fixed income revenue fell 10% in the first quarter, coming in $910 million below analysts’ expectations, according to StreetAccount data. It was an unusually large miss for one of Goldman’s flagship Wall Street businesses.

“It was basically just a function of the overall environment making markets,” CFO Denis Coleman told an analyst on Monday after the bank’s earning report. “We remain actively engaged with clients, but our performance in rates and mortgages was relatively lower.”

But as nearly all of Goldman’s rivals, including JPMorgan Chase, Morgan Stanley and Citigroup, posted blockbuster results for first-quarter fixed income in the days that followed, one thing became clear to Wall Street: Goldman Sachs’ vaunted fixed income traders had underperformed.

JPMorgan saw fixed income trading revenue jump 21% to $7.1 billion, the bank’s second-biggest haul ever. Morgan Stanley, where fixed income is less a priority than equities, posted a 29% jump in the bond business. Citigroup saw bond trading revenue jump 13% to $5.2 billion.

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Since before the 2008 financial crisis, when Lloyd Blankfein led Goldman Sachs, the firm’s fixed income division had been the envy of Wall Street. Goldman was known for its trading prowess, a reputation forged in periods of dislocation when its desks generated outsized gains. The bank’s identity as a trader’s firm — one expected to outperform in turbulent times — has endured in the decade-plus since.

That makes the first-quarter stumble particularly notable.

“It seems that something went wrong at Goldman in fixed income,” said veteran Wells Fargo analyst Mike Mayo, who called the bank’s results “worst-in-class.”

“I’d imagine that at Goldman, a fire is being lit under the traders, managers and risk overseers in FICC after such an underperformance,” Mayo said in an interview with CNBC, using an acronym standing for fixed income, currencies and commodities, the formal name for that business.

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The prevailing theory is that Goldman was caught offsides on trades tied to interest rates in the first quarter, according to several market participants who asked for anonymity to speak candidly.

That’s because of the positioning that many Wall Street firms had at the start of this year, when markets were expecting the Federal Reserve to cut interest rates at least twice in 2026, these people said.

But after the price of oil surged with the advent of the Iran war, roiling expectations for inflation, the markets began pricing those cuts out, with some investors even bracing for the possibility of rate hikes this year.

Fixed income was the sole blemish on a quarter in which Goldman Sachs exceeded expectations handily, thanks to the firm’s equities traders and investment bankers. Despite the earnings beat, the firm’s shares dropped as much as about 4% on Monday following the report.  

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Goldman Sachs didn’t immediately return a call seeking comment. But on Monday, CEO David Solomon sought to put the quarter’s performance into context:

“When I look at the scale and the diversity of the business, it’s performing very, very well,” Solomon said during the company’s conference call. “Some quarters, it’s going to be stronger here, stronger there.”

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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Wall Street broker Bernstein sees prediction market volumes hitting $1 trillion by 2030 with HOOD, COIN as key players

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High Roller stock soars as much as 130% on Crypto.com prediction market agreement

Wall Street broker Bernstein expects prediction market volumes to reach roughly $1 trillion by 2030, as the sector evolves from niche wagering into broad-based “information markets” spanning sports, crypto, politics and the economy.

Volumes hit $51 billion last year and are on pace to reach about $240 billion in 2026, implying roughly 80% compound annual growth through the end of the decade, the report said. Activity has already accelerated in 2026, with Polymarket and Kalshi recording combined year-to-date volumes of $60 billion.

“Increasing regulatory clarity at the federal level is expanding the addressable market, while blockchain-based tokenization and integration with crypto markets is enabling global liquidity, long-tail event creation and participation from institutions,” wrote analysts led by Gautam Chhugani.

Prediction markets have surged from a niche corner of crypto and academic experimentation into a fast-growing segment of global trading activity in just a few years.

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Volumes have spiked alongside major news cycles, most notably the 2024 U.S. election, while platforms like Polymarket and Kalshi have expanded access beyond politics into sports, crypto and macroeconomic events.

The combination of clearer U.S. regulatory footing, improved user experience and the integration of blockchain-based liquidity has accelerated adoption, pushing the sector toward mainstream relevance

The report attributed the growth to improving federal regulatory clarity, which expands access beyond fragmented state-level gaming rules, alongside blockchain-based infrastructure that enables global liquidity and rapid creation of new event contracts.

Sports currently accounts for about 62% of volumes, benefiting from lower effective take rates versus traditional online sportsbooks. But the analysts expect that share to fall to roughly 31% by 2030, as crypto-linked contracts and macro, political and economic events gain traction. Institutional participation is also expected to grow, particularly for hedging event-driven risks.

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$10.8 billion in revenue

Bernstein analysts estimate industry revenues could expand from roughly $400 million in 2025 to $2.5 billion in 2026, reaching about $10.8 billion by 2030 at current take rates. Even with significant fee compression, they see potential for a multi-billion-dollar revenue pool.

Distribution is emerging as a key competitive moat. The report pointed to Robinhood (HOOD) and Coinbase (COIN) as early leaders, leveraging their combined tens of millions of users.

Robinhood has already built a $350 million annualized revenue run rate from prediction markets and is moving toward owning exchange infrastructure, while Coinbase entered via Kalshi with nationwide access to more than 1,000 contracts, the report added.

The broker has an outperform rating on both Coinbase and Robinhood.

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Read more: Why Cantor Fitzgerald thinks Robinhood and Coinbase are the best ways to play the prediction market boom

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Bitcoin Stalls Below $75,000 amid Geopolitical Fog and Tax-Day Selling

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BTC Chart

ETH, SOL, and major altcoins are marginally higher on the day.

Bitcoin traded around $74,700 on Wednesday, consolidating just below the psychologically significant $75,000 level after retreating from a brief touch above $76,000 earlier this week.

Ethereum changed hands near $2,360, up roughly 2% on the day, while Solana rose to $85 and XRP climbed to $1.39, according to CoinGecko.

BTC Chart
BTC Chart

Among the Top 100 digital assets, DeFi lending protocols Aave and Morpho are today’s top gainers, up 8% and 7%, respectively.

Meanwhile, RaveDAO is the biggest loser after losing a quarter of its value overnight.

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The total crypto market cap stands at $2.61 trillion with 24-hour trading volume near $97 billion. Bitcoin dominance is steady at 57.2%, with Ethereum dominance at 10.9%, per CoinGecko.

ETF Flows Whipsaw

U.S. spot Bitcoin ETFs posted $411.5 million in net inflows on Tuesday, according to SoSoValue data, the second-largest daily inflow day in April and enough to push 2026 year-to-date net flows back into positive territory. Total spot Bitcoin ETF assets under management surged above $96.5 billion.

BlackRock’s IBIT led with approximately $214 million, extending its inflow streak to five consecutive days totaling around $696 million.

The Tuesday inflows marked a sharp reversal from the previous day, when spot Bitcoin ETFs recorded $325.8 million in net outflows, underscoring the tug-of-war between institutional demand and profit-taking in a range-bound market.

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Resistance at $75K

Bitcoin has struggled to sustain a break above $75,000, briefly piercing that level yesterday before pulling back to the low $74,000s. Since the onset of the U.S.-Iran conflict, BTC is up roughly 12%, benefiting from its perception as an apolitical store of value, but the rally has stalled at overhead resistance.

The geopolitical backdrop remains the dominant macro variable. Iran’s acceptance of Bitcoin as payment for Strait of Hormuz transit tolls, as confirmed by a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, continues to ripple through markets.

Bitwise CIO Matt Hougan argued this week that Iran’s use of Bitcoin in sovereign trade positions it to eventually challenge gold’s $34 trillion market cap.

Three near-term catalysts could determine whether Bitcoin breaks higher or retests the $70,000 support zone: the April 15 tax deadline, the Iran ceasefire expiry on April 22, and the FOMC meeting on April 28–29.

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Bitwise Launchdx Avalanche ETF with Staking Exposure

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Bitwise Launchdx Avalanche ETF with Staking Exposure

Bitwise Asset Management has launched a spot Avalanche exchange-traded product, giving investors exposure to the Avalanche token while staking a portion of its holdings to generate yield.

Bitwise plans to stake roughly 70% of its AVAX holdings through its in-house infrastructure, while maintaining a liquidity reserve of about 30% to meet redemptions and operational needs.

The fund began trading Wednesday on the NYSE under the ticker BAVA, closing up about 1.5%, to $25.50 per share, according to Yahoo Finance. The Avalanche token (AVAX) was last trading at $9.52, up 1.8%, according to CoinMarketCap.

According to Wednesday’s announcement, the product carries a sponsor fee of 0.34%, with a temporary waiver to 0% for the first month on the first $500 million in assets, and is structured to distribute net investment income, including staking rewards, to shareholders periodically.

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The fund holds AVAX directly and uses an in-house staking unit, Bitwise Onchain Solutions, to participate in network validation and earn rewards, which are paid in additional tokens. Avalanche staking rewards were about 5.4% as of mid-April, according to the announcement.

Avalanche is a Layer-1 blockchain built for high throughput and low latency. It is used across tokenization and enterprise pilots, including initiatives tied to FIFA, state-level stablecoin efforts in Wyoming, and projects from companies such as Toyota and asset managers including BlackRock.

The new fund is the latest Avalanche fund development in recent weeks. Nasdaq last week filed with the US Securities and Exchange Commission (SEC) to list shares of the VanEck Avalanche Trust, a proposed ETF designed to provide exposure to AVAX under rules governing commodity-based trust shares.

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Related: CME Group expands crypto futures with Avalanche and Sui contracts

Bitcoin ETFs and DATs hold an increasing amount of Bitcoin

The launch of Bitwise’s Avalanche ETF comes as exchange-traded crypto products and publicly traded companies continue to accumulate a growing share of Bitcoin’s (BTC) circulating supply.

According to data from BitBO.io, Bitcoin ETFs hold more than 1.29 million BTC, or just over 6% of circulating supply. Public companies hold an additional 1.17 million BTC on their balance sheets, based on figures from BitcoinTreasuries.NET. Combined, ETFs and corporate holders now account for around 12% of Bitcoin’s circulating supply.

Among ETFs, accumulation is led by BlackRock’s iShares Bitcoin Trust, which holds about 791,000 BTC, or roughly 3.8% of total supply, followed by Grayscale’s Bitcoin Trust with around 153,600 BTC, or about 0.7%.

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Bitcoin ETFs: BitBO.io

Beyond asset managers, banks are also entering the market. Earlier this month, the Morgan Stanley Bitcoin Trust (MSBT), the first spot Bitcoin ETF offered by a US bank, recorded $30.6 million in inflows on its trading debut and generated about $34 million in first-day volume.

On Tuesday, Goldman Sachs filed with the SEC to launch a Bitcoin-linked exchange-traded fund designed to generate income while limiting exposure to the cryptocurrency’s volatility. The proposed fund would invest in Bitcoin ETPs and sell call options to generate income while limiting exposure to price swings.

Among public companies, Strategy, the first Bitcoin treasury company, chaired by Michael Saylor, holds 780,897 Bitcoin, or around 4% of the total supply. 

Governments also collectively hold around 3% of circulating Bitcoin, with around 649,870 BTC on their balance sheets. The United States is the largest holder with about 328,000 BTC, followed by China with roughly 190,000 BTC and the United Kingdom with more than 61,000 BTC.

Bitcoin’s price has fallen from its high of around $126,000 in October, and is trading around $75,100, per CoinGecko data.

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Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt