ETF | ForkLog - Part 27

ForkLog 15 12.09.2024

Grayscale to Launch First XRP Fund

Digital asset manager Grayscale Investments has announced the launch of a closed-end fund based on XRP. We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale $XRP Trust, which will be available through private placement. Available to eligible accredited investors. Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT — Grayscale (@Grayscale) September […]

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ForkLog 38 12.09.2024

Bitcoin’s Record High Forecast Unaffected by US Election Outcome

Bitcoin is poised to reach a new record by the year’s end, irrespective of the results of the US presidential election, according to Standard Chartered, reports The Block. “A Trump victory would push the price to $125,000, while Harris would lead to $75,000,” the review states. Analysts believe that a Republican administration would accelerate progress […]

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ForkLog 9 10.09.2024

Bitcoin ETFs Break Eight-Day Outflow Streak

The negative streak of outflows from spot Bitcoin ETFs ended on the ninth day. The number of institutional holders of exchange-traded funds based on the first cryptocurrency exceeded 1,000. Bloomberg predicted an increase in the share of large investors. On September 9, inflows into spot Bitcoin ETFs amounted to $28.7 million, according to SoSoValue. Over […]

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ForkLog 10 09.09.2024

Bitcoin ETFs Witness $1.2 Billion Outflow Over Eight Days

From August 28 to September 6, spot Bitcoin ETFs experienced an outflow of $1.2 billion, according to Bloomberg. Source: Bloomberg. The agency noted that this marks the longest streak of daily fund withdrawals from exchange-traded funds since their listing in January. The catalyst was a wave of flight from risky assets amid an uncertain macroeconomic […]

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ForkLog 8 09.09.2024

Analyst Predicts Final Corrections Before Bitcoin Bull Run

Bitcoin is poised for “final corrections” before the onset of a two-year bullish cycle, reminiscent of 2019, according to experts. The CPI report will be crucial for the market’s trajectory. During the current rebound, Bitcoin is expected to reach $55,500 before returning to $53,000, which will serve as a launchpad for upward movement, stated analyst […]

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ForkLog 14 06.09.2024

Ethereum Market Depth Declines 20% Following Spot ETF Launch

Since the launch of spot Ethereum ETFs in the US, the average 5% market depth for ETH pairs on domestic centralized exchanges has decreased by 20%, to approximately $14 million, according to CoinDesk, citing CCData. In other words, it has become easier to move the spot price by 5% in either direction, indicating reduced liquidity […]

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ForkLog 21 06.09.2024

Static on the ether: why Ethereum is falling

Since ETH ETFs began trading on July 23, 2024, the second-largest cryptocurrency has slumped by more than 31%. While bitcoin retains its reputation as digital gold suited to HODLing, Ethereum is used more for paying transaction fees and interacting with smart contracts and DeFi applications. “Buterin’s coin” also generates income via staking and other passive […]

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ForkLog 14 30.08.2024

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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ForkLog 38 28.08.2024

Bitcoin ETF Inflows Halt on Ninth Day

On August 27, outflows from spot Bitcoin ETFs amounted to $127.1 million, according to SoSoValue. In the preceding eight days, these products had seen inflows of $756 million. Data: SoSoValue. Investors withdrew $102 million from ARKB by ARK Invest & 21 Shares, $18.3 million from GBTC by Grayscale, and $6.8 million from BITB by Bitwise. […]

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ForkLog 14 27.08.2024

Bitcoin ETF Inflows Continue for Eighth Consecutive Day

On August 26, inflows into spot Bitcoin ETFs reached $202.5 million, according to SoSoValue. The total for the past eight days amounted to $756 million. Data: SoSoValue. Clients added $224.1 million to BlackRock’s IBIT, $5.5 million to Franklin Templeton’s EZBC, and $5.1 million to WisdomTree’s BTCW. There was an outflow of $16.6 million from Bitwise’s […]

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ForkLog 8 26.08.2024

Weekly Inflows into Bitcoin ETFs Surpass $500 Million

Inflows into spot Bitcoin ETFs from August 19 to 23 amounted to $506.4 million, according to SoSoValue. This positive trend continued for the second consecutive week. Data: SoSoValue. On August 23, clients withdrew $35.6 million from Grayscale’s GBTC. The structure of inflows was as follows: IBIT from BlackRock — $86.8 million; FBTC from Fidelity — […]

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ForkLog 21 22.08.2024

Grayscale to Launch Avalanche-Based Trust

Digital asset manager Grayscale Investments has announced the launch of a closed-end fund based on Avalanche (AVAX). We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale Avalanche Trust $AVAX. Available to eligible accredited investors. Read the press release: https://t.co/XwKfjPD9Tw pic.twitter.com/HdzlNfwkQ8 — Grayscale (@Grayscale) August 22, […]

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