Daily Market Wrap | Sep. 18

tokeninsight_newsPubblicato 2025-09-18Pubblicato ultima volta 2025-09-18

Hot Topics

  • Fed cuts rates by 25bps as Trump pushes for more.
  • SEC plans to streamline crypto ETF approvals with general listing standards, requiring only S-1 filings and a 75-day wait for qualifying tokens.
  • Trump extends TikTok enforcement delay to December 16, 2025, with no penalties for prior noncompliance.
  • Ripple, Franklin Templeton, and DBS partner to offer tokenized money market fund trading and lending on XRP Ledger, listing sgBENJI and RLUSD.

Market Updates

  • Tuttle Capital filed for Bonk, Sui, and Litecoin ETFs with the SEC, using put credit spreads to manage volatility and generate income.
  • REX-Osprey launches the first U.S. XRP ETF (XRPR) on Sept. 18, while CME plans options on XRP futures for Oct. 13.

Letture associate

Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

A new working paper from the Federal Reserve Bank of Cleveland provides a novel explanation for cryptocurrency's divergence from traditional financial assets. It finds that American crypto investors are distinguished not by demographics or risk tolerance alone, but by their radically different beliefs about future returns. This divergence in expectations better explains who owns crypto than factors like age or income, a reversal of the pattern seen with stocks or bonds. The research, based on surveys of up to 25,000 US households, shows crypto owners expected an average 22% annual return, compared to just 7% for non-owners. A one-percentage-point increase in an individual's expected return was linked to a 0.8-point rise in ownership likelihood. A randomized experiment revealed that simply showing information about Bitcoin's past 12-month performance increased respondents' desired crypto portfolio share by about 47% and spurred subsequent purchases, primarily among those who previously felt uninformed. The study suggests this dynamic—where past gains attract new buyers, pushing prices higher and reinforcing bullish beliefs—could fuel speculative bubbles. It also indicates crypto wealth gains are treated more like "gambling winnings" than permanent income, boosting purchases of durable goods but not everyday spending. The broader conclusion is that crypto volatility stems partly from investor disagreement and learning, not just market fundamentals. With widespread misunderstanding and shifting expectations driven by performance data, price swings are likely to remain a defining feature of the asset class. Future retail demand may depend not just on Bitcoin's price, but on what information investors receive about its past performance.

cryptonews.ru19 min fa

Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

cryptonews.ru19 min fa

Trading

Spot
活动图片