Grayscale has applied to list the Bitcoin Adapters ETF with the US SEC in what many see as a predictable turn of events.
Grayscale Investments, an American crypto asset manager, has advocated for the US listing of a new Bitcoin Adapters ETF product. According to its registration statement submitted to the Securities and Exchange Commission (SEC), the latest product will trade on NYSE Arca. As one of the leading advocates of alternative crypto ETF products, it forges a new course for Grayscale.
Grayscale Bitcoin Adapters ETF: a strategic move
The recently launched Grayscale Bitcoin Adapters ETF, which follows a Bitcoin treasury strategy, aims to track the stock of publicly traded companies. If approved, the shares of these firms will be held in a weighted proportion in the ETF filing. Thus, the ETF will represent an indirect exposure to Bitcoin (BTC) through these companies’ shares.
The filing states that the fund will own at least 80% of the shares of its constituents. It acknowledged the possibility of investing in alternative securities that offer comparable exposure to the underlying components.
The majority of investments made by the Grayscale Bitcoin Adapters ETF will go to US and foreign businesses that have a stake in Bitcoin. According to the petition, for the company to qualify, it must trade on a developed stock market. Additionally, it set a threshold of $100 million for the company’s market capitalization and a minimum daily turnover of $1 million over six months.
ALSO: @Grayscale filed for a “Bitcoin Adopters ETF” pic.twitter.com/fwUQtyIIL9
— James Seyffart (@JSeyff) January 24, 2025
Grayscale affirmed that a free float is a requirement for all securities to be included. At least 10% of their outstanding shares must be included in this.
One of the few ETFs that Grayscale Investments registered today is this one. Grayscale has also applied to launch a Litecoin ETF with the US SEC, according to research. One of the major forerunners in the ecosystem of digital currencies is the asset manager.
Favorite firms to make the Grayscale ETF list
The most popular publicly traded firm with a Bitcoin exposure is business intelligence and software firm MicroStrategy. This firm acquired 11,000 BTC recently, now holding over 2% of the total Bitcoin supply, and generally borrows capital to fund its purchases.
Earlier, MicroStrategy announced a $1.05 billion BTC redemption for its convertible notes due in 2027. This underscores its active Bitcoin strategy, which complements the conditions Grayscale set for the Adapter ETF.
Other firms eligible for inclusion in the ETF include Riot platforms, Mara Holdings, Metaplanet, and KULR Technologies. Over the past few months, these firms have intensified their BTC acquisition strategies with the benefit of the share price.
All eyes on the US SEC
In recent weeks, the US SEC has been inundated with applications for rule amendments about ETFs. Many people think that BlackRock’s filing for in-kind redemptions for IBIT, or the iShares Bitcoin Trust, was long overdue.
Other cryptocurrencies, like as XRP, Dogecoin (DOGE), and Solana, have also received comparable filings in addition to Bitcoin-related ETF products. The forecast depends on the US SEC’s positive transformation under the Donald Trump administration.
It is unclear how the markets regulator will handle these files with all eyes on Mark Uyeda and possibly Paul Atkins.
Can Ethereum price hit $20K amid Trump’s Fed rate cut push & “ETH Dead” claims
The ‘ETH is dead’ story is gaining traction, but cryptocurrency market analysts are still optimistic about the Ethereum price surge and anticipate immediate Fed rate cuts under Trump.
The price of Ethereum has recently lagged behind Bitcoin and other altcoin peers, raising questions about whether the cryptocurrency is doomed. On the monthly chart, leading cryptocurrencies like XRP and Solana (SOL) have produced returns of over 25%, but ETH has dropped 4%, trying the patience of investors. Investors anticipate an ETH recovery from here since US President Donald Trump is calling for a Fed rate drop “immediately.”
Analysts predict Ethereum price hitting $20,000
CrediBULL Crypto, a well-known cryptocurrency analyst, has stated that it is quite confident in the long-term price trajectory of Ethereum (ETH). As a crucial sign of a significant rise, he cited “crystal clear high time-frame price action” (HTF PA).
The analyst pointed out in a recent piece that Ethereum’s solid technical setup is in perfect harmony with the present gloomy market attitude. Additionally, it suggests that ETH may make a future resurgence. CrediBULL predicted that “ETH will return with a vengeance in the upcoming months.”
CrediBULL set lofty goals, anticipating that once Ethereum breaks out of its present range, its price will rise to at least $10,000. By the conclusion of the cycle, he added, that $20K is “certainly not unreasonable.”
‘Ethereum is dead’ narrative is catching up again
The attitude surrounding Ethereum is becoming increasingly pessimistic due to the peer cryptocurrencies’ significant underperformance over the previous year. Additionally, the ETH/BTC exchange rate has dropped to a new low of $0.0300.
Benjamin Cowen, a cryptocurrency analyst, has provided a contrarian viewpoint on the ETH/BTC trading pair, nevertheless. Given the current level of market mistrust, he thinks the turnaround may be imminent. “Everyone believes that ETH/BTC is dead now that it has crashed,” he said.
He further added: “In 2023, no one could believe it would ever drop to 0.03. In 2025, no one believes it will ever go back up”. However, he expressed confidence in a potential recovery, predicting that the ETH/BTC pair will reverse course within the year. Cowen attributed the delay in this Ethereum price recovery to the ongoing effects of quantitative tightening (QT), which has exerted pressure on risk assets.
Donald Trump pushing for Fed rate cuts
President Donald Trump declared he would press for the Fed to decrease interest rates right away while speaking to business executives at the World Economic Forum in Davos. The Fed is willing to keep interest rates higher given the inflationary climate and robust US economy, with the first-rate decreases not anticipated until mid-2025.
Trump, however, is prepared to alter this as he pursues a robust economic agenda throughout his presidency. The President of the United States stated:
“I’ll demand that interest rates drop immediately. And likewise, they should be dropping all over the world”.
Given that Trump intends to establish America as the global center of cryptocurrency, this would be good news for Bitcoin as well as more significantly, altcoins like Ethereum (ETH), XRP, Solana (SOL), and others.
Trump’s World Liberty Financial accumulates Ethereum
Since taking his oath, the Donald Trump family’s DeFi project, World Liberty Financial, has been actively accumulating Ethereum over the past week. In the most recent development, two hours ago, the DeFi project paid $20 million for 3,001 ETH and 95 WBTC. The price of Ethereum may rise further as a result of this whale accumulation.
The company has invested an incredible $210.9 million in cryptocurrency assets in just five days. This includes $66.84 million used to purchase 629.1 WBTC and $119.95 million spent on 35,995 ETH at an average price of $3,332. According to data from SpotonChain, the fund currently owns 77,818 ETH worth $257 million, of which 19,403 ETH are staked through Lido Finance. Therefore, there is a good chance that ETH will be included in the national digital assets stockpile that Donald Trump established with an executive order.
However, inflows into spot Ethereum ETFs have increased dramatically. In the last eight trading sessions, there was only one day of outflow from the investment vehicle. With daily trade volumes falling 36% below $22 billion, the price of Ethereum is currently down 3.26% at $3,288 as of this writing.
Circle’s USDC closes the gap with Tether’s USDT with 8 billion mints in 2025
Circles mint USDC on the Solana blockchain, closing the gap with Tether’s USDT and boosting its market capitalization by $5 billion in just the last week.
To catch up to Tether’s USDT, USDC issuer Circle has started minting a lot of its stablecoin. Due to strong demand after the introduction of the TRUMP meme coin, the stablecoin company has made more than $5 billion USDC on the Solana network in just one week. This indicates that Circle is expanding its market share and that, by complying with MiCA, it will likely be able to reduce Tether’s market capitalization.
Circle USDC stablecoin increases market footprint
Since early 2025, Circle, a stablecoin company, has been minting USDC in droves. Consequently, the USDC market capitalization has increased by 8%, gaining $8 billion and surpassing $52 billion. A significant portion of this minting has taken place in the last week, according to on-chain data.
According to on-chain data, the USDC market cap increased by an additional $5 billion in just one week. According to blockchain analytics company Arkham, Circle made $250 million USDC on the Solana blockchain today. This most recent issuance highlights the stablecoin issuer’s increasing engagement on the network, as it adds to the 5 billion USDC in total that has been minted on Solana since 2025.
Given the rising demand for USDC in decentralized finance (DeFi) and other applications, the move demonstrates Circle’s ongoing dedication to broadening its footprint on Solana. It’s interesting to note that the spike in USDC minting occurred just after the TRUMP meme coin was introduced, which caused a huge market frenzy.
Closing the gap with Tether’s USDT
Circle has been getting closer to its main competitor, Tether, the company that issues the USDT stablecoin, with a significant number of USDT mints in the first month of 2025. Tether’s market capitalization has remained unchanged at $139.27 billion, whereas Circle’s increased in January of this year.
With reserves of about $52.1 billion, the total amount of USDC in circulation has reached 51.9 billion. These reserves consist of $46.1 billion under management in the Circle Reserve Fund and $6.1 billion in cash. The spike coincides with several adoption-boosting initiatives being carried out by the USDC stablecoin issuer, including the recent acquisition of Hashnote, a prominent issuer of tokenized physical assets.
Circle’s USDC is still less than half as large as Tether’s USDT, though. Additionally, the market value of the USDC stablecoin has doubled in the past year, and the USDT stablecoin has seen a significant 50% increase in market value, reaching $140 billion.
Circle introducing Paymaster to boost USDC adoption
“Paymaster,” a new feature that allows users to pay transaction fees on Arbitrum and Base using USDC rather than Ethereum (ETH), was introduced by Circle, the issuer of the $48 billion USDC stablecoin.
According to a blog post by the company, Paymaster handles USDC payments and transforms them into native tokens to pay fees to blockchain validators.
The service charges 10% of the gas price for every transaction and is planned to expand to Ethereum, Polygon POS, and Solana. To encourage early adoption, this charge will be waived until June 30.
