ETF | ForkLog - Part 34

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 13 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 19 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 5 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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ForkLog 12 17.06.2024

Australia’s Stock Exchange to Launch First Spot Bitcoin ETF

On June 20, the Australian Stock Exchange (ASX) will witness the debut of its first spot Bitcoin ETF. The product from VanEck has been approved for trading, while applications from other issuers are still under review, according to Bloomberg. BetaShares Holdings Pty and DigitalX Ltd are awaiting approval. A representative from the former informed the […]

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ForkLog 7 15.06.2024

Launch of Spot Ethereum ETFs Delayed, Analyst Reports

Bloomberg analyst Eric Balchunas has reported a delay in the launch of spot Ethereum ETFs to July 2, following feedback received by issuers on their S-1 forms. Note: our previous over/under was July 4th so this isn’t major shift but 1) we startted to feel like it would take longer so this is kinda good […]

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ForkLog 10 13.06.2024

Renewed Interest in Spot Bitcoin ETFs Following Two-Day Outflows

On June 12, inflows into spot Bitcoin ETFs amounted to $100.9 million. Over the previous two days, investors had withdrawn $265 million from these products, according to SoSoValue. This followed a series of inflows during which approximately $4 billion entered these instruments, including $1.8 billion in the last five days. Data: SoSoValue. On June 12, […]

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ForkLog 17 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

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ForkLog 10 11.06.2024

Record Inflows into Spot Bitcoin ETFs Come to an End

On June 10, investors withdrew $64.9 million from spot Bitcoin exchange-traded funds (ETFs), halting a positive trend that had persisted for 19 days, according to SoSoValue. In total, the longest wave of inflows into BTC-ETFs amounted to approximately $4 billion, with $15.62 billion since the approval of these instruments in January. Data: SoSoValue. Clients of […]

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