Kategorie: Crypto Markets

• The proposed ETF would use Coinbase Custody and include staking and in-kind transactions.
• Several asset managers are now competing to bring SUI-based ETFs to the US market.
• Regulatory changes under the current SEC leadership are accelerating altcoin ETF activity.

Crypto asset manager Bitwise has formally filed a Form S-1 with the US Securities and Exchange Commission, seeking approval to launch a spot exchange-traded fund linked to SUI.

The proposal adds fresh momentum to the fast-expanding crypto ETF landscape, where issuers are increasingly targeting altcoins beyond Bitcoin and Ethereum.

Rather than focusing on short-term market moves, the filing highlights how fund structures, custody choices, and regulatory positioning are evolving as competition intensifies.

With multiple firms now pursuing similar products, SUI is quickly becoming a key test case for the next phase of crypto ETFs in the US.

The proposed product, named the Bitwise SUI ETF, is designed to track the spot price of SUI, the native token of the Sui Network.

If approved, it would give investors direct exposure to SUI without requiring them to hold the asset themselves, reflecting growing institutional interest in simplified crypto access.

How Bitwise is structuring the ETF

The filing shows that Coinbase Custody has been selected as the custodian for the fund, underlining a continued reliance on established US-based crypto infrastructure.

Bitwise has not yet revealed the ETF’s ticker symbol or intended listing exchange, but the structure clearly focuses on holding spot SUI rather than futures or other derivatives.

One notable element of the proposal is the inclusion of staking. The ETF would be able to stake its SUI holdings, allowing it to earn additional tokens over time.

This approach could potentially enhance returns compared with products that only hold assets passively, although it also introduces additional operational considerations.

The filing also details in-kind creations and redemptions.

This means authorised participants would be able to exchange SUI tokens directly for ETF shares and vice versa, instead of using cash.

This structure is increasingly favoured by issuers as it can improve efficiency and reduce tracking error.

Rising competition around SUI products

Bitwise is not alone in targeting SUI.

Grayscale, 21Shares, and Canary Capital have already submitted filings for similar spot SUI ETFs, signalling a crowded field forming around the asset.

The growing interest follows recent regulatory developments, including the SEC’s approval of a 2x leveraged SUI ETF from 21Shares.

Although no spot SUI ETF has yet launched in the US, these filings suggest that issuers see a clearer regulatory path emerging.

SUI itself launched in 2023 and has climbed into the top tier of digital assets by market capitalisation, currently ranked 31st with a value of about $5 billion.

Bitwise has also integrated SUI into its 10 Crypto Index ETF, reinforcing the firm’s broader commitment to the network.

Market response and regulatory context

SUI’s market price showed little immediate reaction to the filing, trading near $1.40 and remaining more than 12% lower over the past week.

Market participants generally view ETF filings as longer-term signals rather than short-term price drivers.

The timing of the application is significant. Under SEC Chair Paul Atkins, the regulator has moved toward clearer and more standardised ETF listing frameworks.

This shift has already helped products linked to assets such as XRP, DOGE, and SOL advance through the approval process.

As more issuers push forward with altcoin ETFs, SUI’s progress may offer early insight into how far and how fast the US crypto ETF market can broaden.

The post Bitwise files for spot SUI ETF as competition intensifies in crypto fund market appeared first on CoinJournal.

• Uniswap price eyes gains above $5.20 after bouncing off lows of $4.87.
• Gains come as the Uniswap community prepares to vote on a key governance proposal.
• The vote could see 100 million UNI burned in the coming days.

Uniswap’s governance token has witnessed a slight price surge as traders position ahead of a potential network burn of 100 million UNI tokens.

This move, tied to the recently proposed “Unification” governance vote, seems to have sparked optimism among investors, with UNI seeing a notable spike in trading volume over the past 24 hours.

The gains for Uniswap come after a recent slump and amid broader market weakness that has altcoins mirroring Bitcoin’s struggles.

Uniswap price eyes gains above $5.20

At the time of writing on Thursday, December 18, 2025, Uniswap’s price hovered around $5.24.

Intraday gains stood at nearly 4% as bulls looked to bounce off lows of $4.87.

This uptick comes on the heels of a recent sell-off below $5.40, which came amid Ethereum co-founder Vitalik Buterin’s selling of 1,400 UNI tokens.

Initial pressure on the token’s value pushed it to $4.99.

Bulls bounced to $5.30 as Bitcoin showed a sharp uptick earlier in the week.

However, the market appears to have shrugged off this uptick as selling pressure resumed and prices plunged to under $4.90.

Now UNI is eyeing a potential bounce as buying interest resurfaces.

The token’s ability to recover and eye gains above the $5.20 support level will likely strengthen as the community weighs a new governance vote on fees and the potential token burn.

Uniswap poised for 100 million UNI burn

As noted, one potential catalyst for UNI’s price gains lies in the “Unification” proposal.

Hayden Adams, Uniswap founder, submitted a governance proposal for voting on December 18, 2025.

As detailed in his X post, the voting period is scheduled to commence on December 19 at 10:30 PM EST and will conclude on December 25, allowing the Uniswap community to decide the protocol’s future.

If the proposal garners the required votes in favour, it will pass. There’s a two-day time lock period before Uniswap executes its token burn.

Specifically, the proposal looks at the removal of 100 million UNI out of circulation. The key is the flipping of the fee switches for v2 and v3 pools on the mainnet.

“v2 + v3 fee switches will flip on mainnet and begin burning UNI, along with Unichain fees,” Hayden noted.

As the community prepares to vote, the outcome of this proposal could mark a pivotal moment for the Uniswap price.

The token traded at highs of $7.70 in mid-November.

The post Uniswap price gains amid potential 100M UNI burn appeared first on CoinJournal.

• Dogecoin has extended its selloff, with bears targeting $0.10 as on-chain and derivatives data turn bearish.
• Large wallet holders are trimming DOGE positions, while short bets rise and retail interest fades.
• A hold above $0.12 could spark a relief rally toward $0.15–$0.18, but downside risks remain elevated.

Dogecoin (DOGE) fell 3% on Thursday after falling about 4% in the prior session.

The share of DOGE supply held at a profit has declined as large wallet holders reduce their positions.

Derivatives market data points to a rise in bearish bets alongside waning retail participation.

From a technical perspective, Dogecoin shows a bearish bias after slipping below its April low, with downside risk extending toward the $0.1000 level.

Dogecoin sees weak investor interest

Data from Santiment shows that wallets holding between 100 million and 1 billion DOGE now control 34.77 billion tokens, down from 36.14 billion on December 1.

This investor group offloaded more than 1 billion DOGE on December 10 and has since kept holdings broadly unchanged.

At the same time, the share of Dogecoin’s supply in profit has slipped to 50.70% from a December 3 peak of 53.95%, pointing to a gradual softening in demand.

In derivatives markets, Dogecoin has also lost momentum.

CoinGlass data shows that short positions in DOGE derivatives have risen to 53.91% from 52.59% on Wednesday.

The increase in bearish positioning signals growing sell-side pressure and coincides with the liquidation of more than $5 million in DOGE long positions over the past 24 hours.

Dogecoin price extends losses towards $0.12

Dogecoin has experienced a notable decline in recent sessions, slipping below key psychological levels and extending its losses into the $0.12 range.

As of writing, DOGE traded near $0.125, reflecting a roughly 10% drop over the past week and 19% down over the month.

The last 24 hours performance is a continuation of the downward momentum that began earlier in the month.

This pullback follows a brief period of consolidation above $0.14, where buyers attempted to defend higher ground.

However, increased selling volume and a breakdown across risk assets has seen Dogecoin dip below the $0.14 support level.

On-chain data reveals reduced supply in profit, with large wallet investors trimming positions.

Profit taking is contributing to the heightened volatility, with macroeconomic headwinds a notable factor.

“Crypto stays caught in the macro crosscurrents. Potential MSCI index exclusions for crypto-treasury firms could trigger up to $2.8bn in passive outflows, pressuring fragile positioning,” wrote QCP Group analysts.

The outlook is that crypto is facing an uneasy end to the year.

DOGE downside risk grows

Trading volumes have surged during downturns, indicating conviction among sellers.

The Relative Strength Index on daily charts has dipped toward oversold territory, signaling intense bearish pressure but also potential for a short-term rebound if buying interest emerges.

Nonetheless, the downside risk for Dogecoin appears to be escalating.

Analysts are increasingly targeting $0.10 as a plausible near-term support level if bears maintain control.

If DOGE sees a decisive close below the current support near $0.12, it could open the door to further declines.

On the flip side, a hold above $0.12 might stabilize the price and allow for a relief rally toward $0.15 and $0.18.

Investors should monitor key support levels closely, as a breach could confirm a deeper correction, whereas a bullish divergence in indicators might signal an impending turnaround.

The post Dogecoin slides toward $0.10 as large investors cut exposure and bearish bets build appeared first on CoinJournal.

• Fidelity’s FBTC dominated inflows, with BlackRock’s IBIT also posting strong demand.
• Cumulative net inflows into US spot Bitcoin ETFs have exceeded $57 billion.
• Shifting US rate expectations are shaping institutional ETF positioning.

Spot Bitcoin exchange-traded funds listed in the US recorded a sharp revival in inflows on Wednesday, signalling renewed institutional engagement after weeks of uneven activity.

The move marked the strongest single-day intake in more than a month and coincided with shifting expectations around US monetary policy.

While Bitcoin’s price action remains constrained by heavy supply levels, ETF flows suggest investors are reassessing exposure through regulated products as macro conditions evolve.

Inflows rebound across major funds

US spot Bitcoin ETFs recorded $457 million in net inflows on Wednesday, their highest daily total since mid-November.

Fidelity’s Wise Origin Bitcoin Fund led the session, attracting roughly $391 million and accounting for the bulk of the inflows.

BlackRock’s iShares Bitcoin Trust followed with around $111 million, according to data from Farside Investors.

The latest intake pushed cumulative net inflows for US spot Bitcoin ETFs above $57 billion.

Total net assets climbed past $112 billion, equivalent to about 6.5% of Bitcoin’s total market capitalisation.

The figures underline the growing role ETFs play in shaping institutional access to Bitcoin exposure.

Shift after weeks of uneven flows

The inflow revival comes after a choppy period through November and early December, when ETF activity swung between modest inflows and sharp outflows.

That instability reflected cautious positioning amid uncertain price direction and tightening liquidity conditions.

The last time spot Bitcoin ETFs recorded inflows above $450 million was on November 11, when funds drew roughly $524 million in a single day.

The renewed activity suggests investors may be positioning earlier in anticipation of changing macro conditions, rather than responding to short-term price momentum.

ETF flows have increasingly become a barometer for how institutions interpret broader financial signals.

US rate signals influence positioning

Macro expectations shifted further on Wednesday after US President Donald Trump said he plans to appoint a new Federal Reserve chair who strongly supports cutting interest rates.

Speaking during a national address marking the first year of his second term, Trump said he would announce a successor to current Fed Chair Jerome Powell early next year.

He added that all known finalists favour lower rates than current levels.

Lower interest rates are generally viewed as supportive for risk assets such as crypto, as they ease financial conditions and improve liquidity.

Against this backdrop, spot Bitcoin ETFs appear to be attracting capital as a relatively direct way to express macro-driven positioning.

Price pressure and fragile demand persist

Despite stronger ETF inflows, Bitcoin’s market structure remains under pressure.

The asset has returned to price levels last seen nearly a year ago, leaving a dense supply zone between $93,000 and $120,000 that continues to cap recovery attempts.

This has pushed the amount of Bitcoin held at a loss to around 6.7 million BTC, the highest level of the current cycle, according to Glassnode.

Glassnode data also points to fragile demand across both spot and derivatives markets.

Spot buying has been selective and short-lived, corporate treasury flows episodic, and futures positioning continues to de-risk rather than rebuild conviction.

Until sellers are absorbed above $95,000 or fresh liquidity enters the market, Bitcoin is likely to remain range-bound, with structural support forming near $81,000.

The post Spot Bitcoin ETF sees sharp inflow revival amid shifting US rate signals appeared first on CoinJournal.

• XRP price is down 5% to trade near $1.80.
• The altcoin’s losses come amid overall bearish market sentiment.
• Ripple token could dip to $1.50, but a bounce is also likely.

Ripple token XRP fell 5% as the cryptocurrency market saw fresh selling pressure in early trading on December 18, 2025.

With major altcoins extending recent declines, Ripple’s cryptocurrency dipped to lows of $1.81.

Amid this broader risk aversion, XRP, one of the top-performing assets earlier in the year, risks slipping further.

XRP bears push price towards $1.80

The XRP token traded around $1.83 at the time of writing.

After breaking lower on Tuesday, prices were down 5% in the past 24 hours as sellers rejected advances at $1.98.

It looked as though they could test bullish sentiment around the $1.80 support zone.

On Thursday, the altcoin touched lows of $1.81, declines that put prices at risk of downside acceleration.

As market data shows, falling price action is accompanied by elevated trading volumes.

Normally, this suggests active distribution rather than isolated panic selling.

This decline aligns with weakness across the altcoin sector, as Bitcoin hovered below the key threshold of $90,000.

Negative sentiment across traditional risk assets is contributing to the selling pressure. Headwinds include macroeconomic uncertainty.

Ripple price forecast

The breach of $1.90 flips the former support at $2.00 into potential overhead resistance.

XRP’s recent moves reinforce bearish control in the near term.

Technical indicators, including a downward-sloping 50-day exponential moving average and downsloping RSI readings, indicate waning momentum.

Meanwhile, derivatives markets have seen increased liquidations on long positions, further exacerbating the downside pressure.

Whale activity also remains mixed.

Despite some large holders accumulating during dips, overall on-chain metrics show heightened distribution from older cohorts.

This dynamic has contributed to the failure of recent rebound attempts, and the reason XRP bulls have found themselves pushed below the $2.00 psychological mark.

From a technical standpoint, the outlook for XRP means bears have an upper hand.

Veteran trader Peter Brandt has issued a bearish warning for XRP, identifying a potential “double-top” reversal pattern on its price chart.

This technical setup suggests a possible trend reversal if the asset fails to breach established resistance levels.

Brandt’s caution highlights a growing divergence between technical indicators and Ripple’s strengthening fundamentals, which include recent stablecoin expansions and new institutional tools.

While acknowledging the pattern could fail, Brandt maintains that the current formation signals waning momentum.

Consequently, market focus shifts to XRP’s key support levels as investors weigh technical risks against the ecosystem’s long-term adoption efforts.

I know in advance that all you Riplosts $XRP will forever remind me of this post — ask me if I care
This is a potential double top. Sure, it may fail, and I will deal with this if it does
But for now this has bearish implications
Love it or not — you need to deal with it pic.twitter.com/yPGjzuqNN3

— Peter Brandt (@PeterLBrandt) December 17, 2025

A sustained break below current levels could see bears targeting the next major support area at $1.70 and potentially $1.50.

However, counterfactors could provide relief for buyers.

Notably, spot XRP ETFs have maintained consistent inflows.

XRP ETFs saw $9.84 million worth of inflows on December 17 according to data by Coinglass.

Confidence in XRP’s long-term outlook means reclaiming $2.00 would open the door for a sentiment flip.

If there’s a rebound toward $2.30, further upside momentum potentially has $3.00 into play.

XRP continues to wait for a breach of the $4.00 mark.

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