CF Benchmarks’ Post

Check out our latest Weekly Index Highlights for a quick summary of #crypto market performance based on our market-leading reference rates. Explore: https://lnkd.in/ecXS6RGz #digitalassets #bitcoin #ether #solana

With major institutions now transacting hundreds of millions of dollars' worth of spot crypto exposure each week, the latest CF Benchmarks Newsletter spotlights how more and more regulated digital asset derivatives are set to launch in coming weeks and months. ▪︎Meanwhile, CME Group's weekly #Bitcoin Friday futures (BFF) - powered by our CME CF BRRNY - are slated for September 30th. At 1/50th of a BTC, 'BFFs' will provide individual investors with easy access to the only CFTC-regulated Bitcoin futures marketplace for the first time. Find out why 'BFFs' could actually track the spot BTC price better than the larger contract... ▪︎And, with the SEC already ruminating over filings to list options on BlackRock's iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA), get our take on Nasdaq's application for Bitcoin options settling to BRRNY. ▪︎Elsewhere, one of our earliest clients, QR Asset Management just listed the world's first Solana ETF, with others waiting in the wings. ▪︎And by the way, this is the pace of crypto mainstreaming despite prices failing to catch a break from increasingly dovish monetary policy. Find out why and get caught up below! ⬇️ https://lnkd.in/eMYmkbcR

We are excited for the start of TOKEN2049 in Singapore next week! Please visit our stand where Charlie Jolliffe, Thomas Erdösi and James Flamant are looking forward to talking with you about how our regulated and fully market tested #crypto indices power ETF/Ps, listed derivatives and structured products from some of the world's leading firms. Book a meeting: https://lnkd.in/eq7uMaEm #digitalassets #blockchain #bitcoin #ether #etfs

Digital assets are entering a critical phase, driven by shifting economic trends, regulatory changes, and heightened market volatility. For investors, this brings both opportunities and challenges. According to CFB’s market analysts, Gabe Selby, CFA, and Mark Pilipczuk, “Institutional interest in digital assets continues to grow. Investors are now exploring emerging opportunities such as spot Solana ETFs, and with the U.S. elections on the horizon, bipartisan efforts to establish a regulatory framework for digital assets could further shape crypto policy.” What does this mean for your portfolio and investment strategy? To find out, read our latest Quarterly Attribution Reports to discover insights on the performance of our multi-asset portfolio indices since the last rebalance period. Highlights include: ✳ Our CF Ultra Cap 5 Index and CF Free-Float Index were the most resilient, falling 21.61% and 23.11%, respectively ✳ The largest declines were seen in our CF Digital Culture Index and CF Blockchain Infrastructure Index, which dropped 47.32% and 44.36%, respectively ✳ While the CF Broad Cap Index continues to outperform global equity markets this year, it has recently been overtaken by gold Explore further:  https://lnkd.in/eHUgPSct #crypto #digitalassets #bitcoin #ether #solana #etfs

We're extremely pleased to launch the first of our new Weekly Index Highlights reports, providing a brief summary of the performance of our market-leading reference rates and indices for the period September 2, 2024 to September 8, 2024. Take a look: https://lnkd.in/ef6kxzZj #crypto #digitalassets #bitcoin #ether #solana #blockchain

We’re pleased to share our August Market Recap: Macro Influences Rekindle Market Uncertainty. Before you jump into the detail, here’s a few highlights to capture your interest from CFB’s analysts, Gabe Selby, CFA and Mark Pilipczuk: ❇ Yen Carry Trade Unwinds, Fed Pivots, and Crypto Adapts: Volatility returned to the market driven by the unwinding of the “Yen Carry Trade” and significant macroeconomic factors such as the Federal Reserve’s move towards a more dovish approach to monetary policy. Following the launch of Spot Ether ETFs in the US, inflows continued, despite an initial period of price lag. ❇ Crypto Indices Face Headwinds: CFB’s crypto indices were broadly negative, led by the CF Smart Contract Platforms Index and CF DeFi Index, falling over 18% and 20%, respectively. ❇ Aave and Synthetix Shine Amidst Market Downturn: Driven by the launch of new lending markets on Base and Scroll, AAVE (+20.6%) and Synthetix's SNX token (+11.5%) were the top performers in August. ❇ Long Positions Gain Ground in Futures Market: Net sentiment in Bitcoin rose slightly in August, whilst open interest for the token grew 3.6% compared to July. During the same period, Ether moved up 17.5%. ❇ Fee Dynamics Reveal Declining Network Usage: Overall transaction volumes across the Ethereum network grew, whilst for Solana, there was a high demand for block space, despite an overall decline in fee revenue. ❇ Ethereum Leads NFT Activity Despite Overall Market Cooldown: Despite a 20.4% drop in sales, Ethereum took top spot on the NFT sales volume leaderboard in August. In contrast, Bitcoin and Solana sales volumes declined by 35.2% and 35%, respectively as demand cooled. Check out the full report: https://lnkd.in/eubWd7kf #crypto #digitalassets #bitcoin #ether #ethereum #blockchain

“Nasdaq’s proposed options give individual investors the opportunity to do the same sort of trades as institutions have long been able to do in crypto,” said CF Benchmarks CEO Sui Chung. Nasdaq is the latest Wall Street name to make further inroads into #crypto. Last month, Morgan Stanley authorized its financial advisors to offer Bitcoin ETFs. Providing exposure to #Bitcoin and #Ether through traditional investment vehicles, like #ETFs, has made crypto accessible to a much broader swathe of investors. CF Benchmarks is proud to provide the Bitcoin Reference Rate, New York Variant (BRRNY) for six of the Bitcoin ETFs currently trading. Read the full article: https://lnkd.in/eWKBycte Explore CF Benchmarks’ ETF portal: https://lnkd.in/eYu-UgMW DL News

CF Benchmarks’ CEO Sui Chung spoke with Reuters on what’s next for crypto ETFs as spot Bitcoin ETFs accumulate more than $52 billion of AuM in the first eight months of trading. Read the article: https://lnkd.in/e5W8S-d9 #crypto #etfs #bitcoin #ether #digitalassets

Today represents another important milestone for the #digitalasset class. In partnership with CF Benchmarks, Nasdaq has filed with the SEC to list and trade Nasdaq Bitcoin Index Options (XBTX). If approved, XBTX will offer a new path to participate in the digital asset ecosystem, bringing new investors into the market. CF Benchmarks has earned its reputation as the provider of robust and accurate benchmarking and through today’s news we are proud to support the continued development of the #crypto product space. Sui Chung, CEO of CF Benchmarks, remarked, “Spot options settling to the CME CF Bitcoin Reference Rate, New York Variant (BRRNY) will give investors the confidence to deploy more nuanced ways to gain exposure to the largest digital asset, complementing the spot #ETFs referencing our indices.” Find out more: https://lnkd.in/eqj-uhjP Learn more about our regulated Bitcoin indices: https://lnkd.in/e7daQ7RR CME Group #bitcoin #cryptocurrency

𝙎𝙩𝙖𝙮 𝙖𝙝𝙚𝙖𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙘𝙪𝙧𝙫𝙚 Our latest CF Benchmarks newsletter- Issue 69 is out now! Here's a quick summary from Head of Content, Ken O.: ✅ CFB's market share of newly launched US spot Ether Assets under Reference (AuR) is dominant, with a 65% AuR ✅ Morgan Stanley is now allowing its 15,000 financial advisors to offer clients access to spot #Bitcoin #ETFs ✅ BlackRock has filed a proposed rule change to enable the listing of options on its $ETH fund, iShares Ethereum Trust ETF (ETHA) ✅ Ripple lab’s civil penalty has been reduced to $125m, and the company is not required to disgorge proceeds or register #XRP as a security ✅ The launch of CME CF Ripple-Dollar Reference Rate (XRPUSD_RR) and CME CF Ripple-Dollar Real Time Index (XRPUSD_RTI) may follow the same playbook as other cryptocurrency indices in the CME CF family ✅ Bitcoin's implied volatility (BVX) has spiked, but options traders are positioning for further upside, and the market has shown resilience and strength Click below to read our newsletter in full https://lnkd.in/eTRx5WVQ CME Group #cryptomarkets #etheretfs #bitcoinvol #ether #ethereum