ETF | ForkLog - Part 28

ForkLog 19 21.08.2024

Bloomberg Analyst Dismisses Chances of Solana ETF Approval in 2024

The likelihood of a Solana ETF being approved in the United States in 2024 is nil, as it is for 2025. Only a change in the leadership of the SEC could alter this scenario, according to Bloomberg analyst Eric Balchunas. Nice flow chart showing how the Solana ETF filings never made it past Step 2 […]

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ForkLog 18 21.08.2024

Bitcoin Whales Slow Accumulation Amid Market Uncertainty

Large bitcoin investors have reduced their monthly accumulation rate to 1%, down from the typical 3% seen in bullish markets, according to CryptoQuant, as reported by Cointelegraph. In February 2019, this figure reached 6%. Data: CryptoQuant. Analysts indicate that most demand metrics currently show weakness, insufficient to reach a new all-time high. Experts have deemed […]

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ForkLog 7 20.08.2024

Institutional Investors Unfazed by Bitcoin Volatility

Despite the volatility of the leading cryptocurrency, institutional players remain resilient. This was stated by Andre Dragos, head of Bitwise’s research department in Europe, in a conversation with The Block. “[Large investors] are not fleeing from the increased volatility of Bitcoin; instead, they remain quite stable and inclined to hold,” he noted. Dragos highlighted data […]

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ForkLog 13 20.08.2024

SEC Questions Solana’s Status as a Non-Security

SEC has expressed concerns regarding Solana’s (SOL) status as a security during discussions with potential ETF issuers. This was reported by The Block, citing a source. Following discussions with the regulator, CBOE agreed not to register 19b-4 forms in the Federal Register. This would have initiated the approval process for products, putting time pressure on […]

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ForkLog 25 19.08.2024

Bitwise Acquires London-Based ETC Group

Digital asset management firm Bitwise has announced the acquisition of London-based cryptocurrency exchange-traded product (ETP) issuer ETC Group. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients […]

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ForkLog 11 19.08.2024

Nansen Attributes Ethereum Decline to Market Sentiment Shift

The waning optimism among Ethereum investors has played a more significant role than the outflow from ETFs linked to the second-largest cryptocurrency by market capitalization. This conclusion was reached by Nansen, reports Cointelegraph. Analysts associated the reduced risk appetite of market participants with the release of macroeconomic statistics. According to experts’ calculations, since the start […]

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ForkLog 21 18.08.2024

BlackRock’s Crypto Funds Surpass Grayscale’s ETFs in Asset Volume

BlackRock’s cryptocurrency exchange-traded funds have surpassed Grayscale’s products in total assets under management, according to Arkham Intelligence data. BLACKROCK ETF HOLDINGS OVERTAKE GRAYSCALE FOR THE FIRST TIME BlackRock’s ETFs IBIT and ETHA have just overtaken Grayscale’s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings. Blackrock ETFs now have the largest collective holdings […]

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ForkLog 18 18.08.2024

Franklin Templeton Files S-1 for Dual Crypto ETF

Asset manager Franklin Templeton has submitted an S-1 filing to the SEC for the launch of a combined exchange-traded fund, the Franklin Crypto Index ETF, based on Bitcoin and Ethereum. According to the document, the product will trade under the ticker EZPZ. Should it launch, Coinbase will serve as the ETF’s custodian. The firm may […]

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ForkLog 10 15.08.2024

Bitwise Reports 44% of Asset Managers Increased BTC-ETF Holdings

In the period from April to June, 44% of asset managers increased their investments in spot Bitcoin ETFs, while another 22% maintained their existing positions. These figures were reported by Bitwise, based on filings with the SEC. A few initial thoughts after reviewing the Q2 Bitcoin 13-F filings: 1) The Institutions Are Still Coming; Total […]

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ForkLog 8 14.08.2024

Goldman Sachs and DRW Reveal Crypto ETF Holdings

Investment bank Goldman Sachs and trading firm DRW Holdings have disclosed in their filings to the SEC the addition of cryptocurrency-related exchange-traded funds to their portfolios. As of the end of July, the former institution held shares in spot BTC-ETFs from BlackRock, Fidelity, Grayscale, Invesco Galaxy, Bitwise, WisdomTree, and Ark 21Shares, valued at $418.7 million. […]

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ForkLog 11 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 6 12.08.2024

Ethereum ETFs See Positive Inflows for the First Time Since Launch

Between August 5 and 9, spot Ethereum ETFs saw inflows of $104.8 million, according to SoSoValue. This marks the first positive movement since the instruments were approved. The net outflow for the entire period decreased to $405.9 million. Data: SoSoValue. The total withdrawal from Grayscale Ethereum Trust (ETHE) increased to $2.3 billion, with a $41.7 […]

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