ETF | ForkLog - Part 35

ForkLog 10 10.06.2024

Investors Inject $2 Billion into Bitcoin Products

From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing […]

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ForkLog 9 10.06.2024

Weekly Inflows into Spot Bitcoin ETFs Surpass $1.8 Billion

During the trading week from June 3 to June 7, U.S. spot Bitcoin ETFs acquired 25,729 BTC (approximately $1.8 billion at the average rate), while only 3,150 BTC were mined in the same period. This data comes from HODL15Capital. U.S. Bitcoin ETFs bought 2 month’s supply this week ? pic.twitter.com/eNwBmShWpX — HODL15Capital ?? (@HODL15Capital) June […]

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ForkLog 4 06.06.2024

Gary Gensler: Ethereum ETF Applications Will Require Time for Review

The review of applications for spot ETFs based on Ethereum will take “some time,” according to Gary Gensler, the head of the SEC. ?NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8 — Eleanor Terrett (@EleanorTerrett) […]

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ForkLog 6 06.06.2024

VanEck Raises Ethereum Forecast to $22,000

Influenced by news of exchange-traded funds and scaling developments, VanEck analysts have revised their Ethereum forecast for 2030, now anticipating prices of $22,000. We’ve raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we’ve analyzed how ETH and BTC perform in both […]

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ForkLog 10 05.06.2024

Ripple and Galaxy Digital CEOs Identify Spot ETF Contenders

Ripple’s CEO, Brad Garlinghouse, told Fox Business that the emergence of spot exchange-traded funds (ETFs) based on XRP is “inevitable.” #Ripple CEO @bgarlinghouse Brad Garlinghouse: “A #XRP ETF is just simply inevitable.” Fox Business pic.twitter.com/oJAm5sCrWW — ????XRP (@BankXRP) June 4, 2024 “I think we will see them in 2025. People don’t want to deal with […]

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ForkLog 11 05.06.2024

K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months

In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect […]

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ForkLog 9 04.06.2024

Ethereum Surpasses Bitcoin in Options Market Volatility

The market remains bullish, anticipating a surge in demand in the United States following the final approval of spot Ethereum ETFs, according to analysts at QCP Capital. 3/ This bullishness is likely to continue as the market waits for the ETH spot ETF to usher in new demand. The options market certainly reflects this with […]

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ForkLog 7 04.06.2024

Bitcoin Spot ETFs See Inflows for 15 Consecutive Days

On June 3, inflows into 11 approved spot Bitcoin ETFs amounted to $105.1 million. This positive trend has continued for 15 consecutive days, according to SoSoValue. During this period, the segment attracted $2.28 billion. Since the registration of these products, the total has reached $13.96 billion. Data: Farside. A longer trend of 17 trading days […]

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ForkLog 7 04.06.2024

Analyst Predicts Reduced Volatility for Bitcoin and Ethereum

The current implied volatility values for Bitcoin and Ethereum options suggest a calm outlook for the cryptocurrency market in the coming weeks, according to Deribit’s Chief Commercial Officer Luuk Strijers, as reported by The Block. This metric for the leading cryptocurrency has significantly decreased since mid-May. Source: The Block. Analysts at QCP Capital also noted […]

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ForkLog 4 03.06.2024

Cryptocurrency Inflows Reach $2 Billion in May

Inflows into cryptocurrency investment products amounted to $185 million from May 25 to 31, with a total of nearly $2 billion for the entire month, according to calculations by CoinShares. This positive trend has continued for the fourth consecutive week. Year-to-date inflows have exceeded $15 billion. Data: CoinShares. Trading volumes for ETP fell from $13 […]

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ForkLog 9 03.06.2024

CBOE Australia to Launch Spot Bitcoin ETF Trading

On June 4, trading will commence for the spot Bitcoin ETF by Monochrome Asset Management on CBOE Australia. This follows the issuer’s receipt of an AFS license from the Australian Securities and Investments Commission, reports Cointelegraph. The Monochrome Bitcoin ETF (IBTC) is the first and only product based on the leading cryptocurrency to be registered […]

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ForkLog 7 03.06.2024

Ethereum Withdrawals Surge Following ETF Approval

Between May 23 and June 2, the total exchange balance of Ethereum decreased by 797,000 ETH ($3 billion), according to data from CryptoQuant. This indicates a reduction in the number of coins available for sale, as investors transfer assets to non-custodial wallets. On May 23, the U.S. Securities and Exchange Commission began discussing the S-1 […]

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