ETF | ForkLog - Part 34

ForkLog 5 27.06.2024

SEC May Approve Ethereum ETF by July 4, Reports Suggest

The U.S. Securities and Exchange Commission (SEC) could approve spot ETH-ETFs as early as July 4, as discussions between issuers and the regulator have reached their final stage, according to Reuters, citing sources. Executives from the issuers, who wished to remain anonymous, stated that the process of amending applications has progressed to resolving “minor” issues. […]

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ForkLog 5 26.06.2024

Inflow Resumes in Spot Bitcoin ETFs After Seven-Day Outflow

On June 25, inflows into BTC-ETFs amounted to $31.01 million, according to SoSoValue. This follows a seven-day period of negative trends during which investors withdrew $1.13 billion. Data: SoSoValue. On June 25, clients withdrew $30.3 million from Grayscale’s GBTC. The situation was balanced by inflows into Fidelity’s FBTC ($48.8 million), Bitwise’s BITB ($15.2 million), and […]

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ForkLog 16 26.06.2024

SEC Chair Declines to Set Timeline for Ethereum ETF Launch

Gary Gensler did not specify a launch date for spot Ethereum funds. Bitwise predicted a $15 billion inflow into the instruments within the first 18 months, while VanEck waived initial trading fees. SEC Chairman SEC Gary Gensler stated at the Bloomberg Invest summit in New York that the review process for spot Ethereum ETF applications […]

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ForkLog 6 25.06.2024

Bernstein Predicts Lower Demand for Ethereum ETFs

Spot exchange-traded funds (ETFs) based on Ethereum are expected to see less demand compared to their Bitcoin counterparts due to the absence of staking. This is according to a report by CoinDesk, citing Bernstein. Analysts believe that upon the launch of ETH-ETF trading, funds will be attracted from the same interested parties, albeit on a […]

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ForkLog 27 25.06.2024

Bitcoin ETF Outflows Persist for Seventh Consecutive Day

On June 24, holders of BTC-ETF shares reduced their positions by $174.5 million, according to SoSoValue. This negative trend continued for the seventh consecutive day. Data: SoSoValue. Investors withdrew $90 million from Grayscale’s GBTC, $35 million from Fidelity’s FBTC, and $21 million from Franklin Templeton’s EZBC. Other products either saw no change or outflows up […]

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ForkLog 7 22.06.2024

Ethereum ETF Issuers Submit Updated Filings to SEC

BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy, and 21Shares have submitted updated applications for spot Ethereum ETFs to the SEC. This was reported by The Block. VanEck set its fees at 0.2%, while Franklin Templeton set theirs at 0.19%. Other issuers have yet to disclose the fees for their products. VanEck is in and […]

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ForkLog 6 21.06.2024

3iQ Seeks Approval for Canada’s First Solana ETF

Digital asset manager 3iQ has filed for the registration of Canada’s first Solana ETF, offering staking rewards of 6-8% annually. 3iQ Corp. is pleased to announce that we have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering. This continues our track record of innovation, and […]

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ForkLog 20 19.06.2024

Hashdex Proposes Dual Bitcoin and Ethereum ETF

Asset manager Hashdex plans to launch a spot exchange-traded fund (ETF) that simultaneously holds Bitcoin and Ethereum. The proposal was published by Nasdaq in a 19b-4 form. The product will be named the Hashdex Nasdaq Crypto Index US ETF. According to the application, the instrument will also hold cash. If approved, Coinbase Custody Trust and […]

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ForkLog 26 19.06.2024

SEC Concludes Investigation into Ethereum’s Status

The regulator has closed its investigation into Ethereum 2.0. ETH-ETF issuers described recent S-1 application adjustments as “light”. The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, according to a statement from ConsenSys. ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for […]

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ForkLog 6 18.06.2024

Investors Withdraw $561 Million from Spot Bitcoin ETFs

On June 17, outflows from BTC-ETFs amounted to $145.8 million, totaling $561.1 million over the past three trading days, according to SoSoValue. Data: SoSoValue. The worst performance on the last reporting day was seen by Fidelity’s FBTC (-$92 million). Clients withdrew $50 million from ARK Invest’s ARKB. For other approved exchange-traded funds, changes ranged from […]

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ForkLog 8 17.06.2024

Investors Withdraw $621 Million from Bitcoin Products Following Federal Reserve Shock

The outflow from cryptocurrency investment products between June 8 and June 14 amounted to $600 million, including $621 million from bitcoin-based products, according to calculations by CoinShares. These figures were the highest since March 2024, equivalent to a third of the inflows from the previous week. Data: CoinShares. The total volume of assets under management […]

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ForkLog 10 17.06.2024

Tether Co-founder Attributes New Crypto ETFs to Wall Street’s ‘Greed’

The momentum of cryptocurrency exchange-traded funds (ETFs) is unlikely to wane following the launch of Ethereum ETFs, as Wall Street’s ‘greed’ will ensure the emergence of new instruments, according to Tether and WAX co-founder William Quigley in a conversation with Decrypt. In his view, the drive of major financial players for maximum profit will likely […]

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