Bitcoin News Today TheBitTimes.com

The number of publicly traded crypto treasury companies has doubled since the start of the year — but many of them are failing to accomplish their goal of attracting a premium from Wall Street. According to various stock trackers, more than a dozen public companies have a market capitalization below the value of their crypto holdings. All crypto treasury companies hope to trade at a multiple-to-Net Asset Value (mNAV) greater than one. Unfortunately, several companies have fallen short of that mark. To be clear, mNAV disregards debts and encumbrances and simply divides the company’s market capitalization by the value of its holdings. In spite of this oversimplified calculation, the shorthand valuation metric is immensely popular. Certainly, an assessment of more than 160 companies would lead some rational investors to consider debts, encumbrances, or other risks to justify an mNAV of less than one. For the more bullish camp, these optimists instantly ...

The crypto exchange-traded funds (ETFs) market continues to smash records, with unprecedented demand recorded in the past couple of months. Futures-based Solana (SOL) and XRP ETFs, for instance, have seen over $1 billion in total inflows since their debut in March and April, respectively, as suggested by recent data provided by FactSet .  XRP and SOL ETF flows. Source: FactSet  The milestone comes just months after the funds’ debut in the U.S., as speculations about a potential BlackRock XRP ETF continue to mount. Crypto futures ETFs beat all expectations The first U.S. Solana futures ETF was launched by Volatility Shares in March. XRP made its way to the market a month later, with Teucrium’s 2x leveraged fund, followed by Volatility’s non-leveraged futures product in May. In July, both assets saw around $350 million in inflows. Recently, ETF Store president Nate Geraci argued that strong futures demand could lead to BlackRock vying for a share of...