ETF | ForkLog - Part 27

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 60 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Record $79.2 Million Withdrawn from Ethereum ETF Since July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 21 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 14 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 25 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 20 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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ForkLog 18 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 39 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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