ETF | ForkLog - Part 26

ForkLog 10 03.10.2024

Glassnode Highlights Resilience of BTC-ETF Holders Amid Market Correction

Investors remain confident in the long-term prospects of BTC-ETF, as indicated by moderate selling pressure amidst a “paper loss” on the average position, according to Glassnode. For the first time since the ATH, #Bitcoin has established a new technical higher high, as price bounced into the $66k region. Alongside this, there is a multitude of […]

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ForkLog 12 03.10.2024

CryptoQuant Identifies Key Condition for Bitcoin Rally in Q4

Bitcoin demand is stabilizing, but a stronger metric is needed to sustain price growth in the fourth quarter, according to CryptoQuant, as reported by The Block. The metric is calculated as the difference between the daily number of mined coins and the change in the number of bitcoins that have remained unmoved for at least […]

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ForkLog 24 02.10.2024

Bitwise Files for Spot XRP ETF Registration

Digital asset manager Bitwise has submitted an application to launch a spot exchange-traded fund based on XRP. ?SCOOP: Crypto asset manager @BitwiseInvest has filed in the state of Delaware for an $XRP ETF. More details to come. Stay tuned. ? pic.twitter.com/2q7zDj7aYm — Eleanor Terrett (@EleanorTerrett) October 1, 2024 The firm promised to provide further details […]

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ForkLog 8 30.09.2024

Fed Chair’s Speech and US Employment Data to Influence Bitcoin’s Trajectory

The upcoming speech by Federal Reserve Chair Jerome Powell on September 30 and the US employment report at the end of the week are poised to be pivotal factors for the cryptocurrency market in the coming days, according to The Block. Rachel Lucas from BTC Markets attributed the retreat from the $66,500 mark reached on […]

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ForkLog 7 29.09.2024

BlackRock’s Spot Ethereum ETF Surpasses $1 Billion in Assets

Just two months after its launch, the asset value of BlackRock’s spot exchange-traded Ethereum fund has exceeded $1 billion. iShares Ethereum ETF eclipses $1bil in assets… Now in top 20% of all 3,700+ ETFs. Did this is 2 months. pic.twitter.com/iRWaxkjZxl — Nate Geraci (@NateGeraci) September 28, 2024 According to Nate Geraci, president of The ETF […]

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ForkLog 14 25.09.2024

SEC Delays Decision on Spot ETH-ETF Options

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposal to list options based on spot Ethereum-ETFs from BlackRock and Bitwise. The agency extended the review period until November 10. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so […]

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ForkLog 58 25.09.2024

BNY Mellon to Expand Custodial Services to Spot Bitcoin ETFs

The Bank of New York Mellon, with AUM of $50 trillion, plans to enter the custodial services market for spot exchange-traded funds based on Bitcoin and Ethereum, representatives of the bank told Bloomberg. The agency noted that such a move could threaten Coinbase’s dominant position. The Bitcoin exchange serves as the custodian for most products, […]

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ForkLog 8 24.09.2024

Record $79.2 Million Withdrawn from Ethereum ETF Since July

On September 23, outflows from spot Ethereum-ETFs reached $79.2 million, according to SoSoValue. The last time such high levels were recorded was on July 29. Data: SoSoValue. The net withdrawal for the entire period increased to $686.7 million. The cumulative outflow from Grayscale Ethereum Trust (ETHE) rose to $2.85 billion. On September 23, the figure […]

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ForkLog 20 23.09.2024

Fed Rate Cut Bolsters Inflows into Crypto Funds

Inflows into cryptocurrency investment funds amounted to $321 million from September 15 to 21, following $436 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the continued positive trend to the Federal Reserve’s 50 basis point interest rate cut. Trading volume for exchange-traded products (ETP) increased by 9% to $9.5 billion. The volume […]

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ForkLog 13 21.09.2024

SEC Grants Approval for Bitcoin ETF Options from BlackRock

The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of options on spot exchange-traded funds based on the leading cryptocurrency from BlackRock in an expedited manner. Bloomberg analyst Eric Balchunas speculated that options for products from other companies may soon be approved as well. Important note: This is just one stage […]

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ForkLog 24 16.09.2024

No place for institutions: what bitcoin ETFs have really done for crypto

After the approval of bitcoin ETFs in the US, many in crypto expected a flood of institutional money. Yet nine months on, the numbers suggest their presence has been minimal. Oleg Cash Coin examined what bitcoin ETFs have really contributed as an investment vehicle. The ETF myth The first exchange-traded funds based on bitcoin appeared […]

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ForkLog 19 13.09.2024

Expert Identifies Key Condition for Ethereum’s ‘Parabolic’ Surge

Ethereum traders’ sentiment requires a slight nudge for the asset’s price to embark on a ‘parabolic’ rise, according to CryptoQuant. Analysts noted that such a scenario will become possible when the funding rate for perpetual ETH contracts exceeds 0.015%. In this case, “the calm will turn into a storm,” they added. “To witness another parabolic […]

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