ETF | ForkLog - Part 30

ForkLog 79 24.07.2024

Franklin Templeton Hints at Solana ETF Launch

Asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, has mentioned Solana as one of the “other exciting and major developments” poised to advance the industry. Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and […]

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ForkLog 15 24.07.2024

Bitcoin Inscriptions, ETFs, and AI: New Avenues for Cybercriminals

The hype surrounding the Ordinals project and the launch of Bitcoin ETFs could potentially trigger a new wave of cyberattacks, according to a recent Europol report on current cyber threats in the EU. ?In 2023, millions of victims across the EU were attacked and exploited online on a daily basis. ?Today, Europol published the Internet […]

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ForkLog 27 24.07.2024

Ethereum Spot ETFs Debut with $1 Billion Trading Volume

Ethereum-based spot exchange-traded funds (ETFs) concluded their first day of trading with a volume of approximately $1.08 billion—23% of the figure recorded by bitcoin ETFs on their debut day, according to Bloomberg analyst Eric Balchunas. DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the […]

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ForkLog 9 23.07.2024

Ethereum Spot ETF Trading Volume Surpasses $500 Million

The total trading volume of spot ETFs based on the second-largest cryptocurrency by market capitalization exceeded $500 million just hours after the debut of the new instrument on regulated American exchanges. Data: SoSoValue. The primary contributor to this metric was Grayscale’s ETHE (~$222 million). Other leaders included BlackRock’s ETHA (~$117 million) and Fidelity’s FETH ($70.6 […]

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ForkLog 10 23.07.2024

Market Reaction to ETH-ETF Launch Deemed ‘Muted’ by Analysts

The approval of spot Ethereum-ETFs has had a “muted” impact on the market, as investors anticipated a “buy the rumor, sell the news” scenario, according to analysts at QCP Capital. Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later. QCP […]

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ForkLog 16 23.07.2024

Ethereum ETF Trading Commences Amid Moderate Pressure on Price

On July 23, trading of spot Ethereum ETFs began. Within 20 minutes, the price of the second-largest cryptocurrency fell by 1.7% on increased volumes, nearing intraday lows. 15-minute ETH/USDT chart on Binance. Data: TradingView. In the last 24 hours, Ethereum has decreased by 1.1%, outperforming other top-10 digital assets by market capitalization, excluding stablecoins. Data: […]

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ForkLog 8 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

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ForkLog 6 23.07.2024

BlackRock’s Bitcoin ETF Inflows Reach $534 Million in a Day

On July 22, inflows into spot Bitcoin ETFs amounted to $533.57 million. Such high levels were last observed on June 4, according to SoSoValue. This positive trend continued for the thirteenth consecutive trading day. Inflows into BlackRock’s IBIT reached $527.7 million, the highest since March 13. Investors added $23.72 million to Fidelity’s FBTC, $13.65 million […]

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ForkLog 11 23.07.2024

SEC Approves S-1 Filings for ETH-ETF; Trading Begins July 23

The SEC has approved S-1 filings for ETH-ETF, with trading set to commence on July 23. Experts do not anticipate a frenzy following the launch, citing risks of increased volatility and a potential Ethereum pullback. The U.S. Securities and Exchange Commission (SEC) has registered S-1 filings for spot Ethereum-ETFs, with trading of these products beginning […]

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ForkLog 8 22.07.2024

Expert Warns of Ethereum Pullback Risks Following ETF Launch

Ethereum options have seen a sharp rise in implied volatility (IV). According to Valentin Fournier from BRN, this suggests a risk of a sell-off wave following the ETF launch, with a gradual recovery thereafter, reports The Block. The SEC approved July 23 as the start date for trading spot exchange-traded funds based on the second-largest […]

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ForkLog 7 22.07.2024

Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares. Data: CoinShares. Trading volume for ETP surged by 45% to $12.9 billion. Clients added $1.27 billion to bitcoin-related products, compared […]

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ForkLog 10 22.07.2024

Expert Predicts Launch of ETF Based on BTC, ETH, and SOL Basket

Applications for ETFs combining Bitcoin, Ethereum, and Solana are expected to emerge in the coming months, according to Nate Geraci, president of The ETF Store. Prediction… An ETF issuer will file for combined spot btc, eth, & sol ETF in next few months. We’re quickly heading down path towards index-based & actively managed crypto ETFs. […]

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