ETF | ForkLog - Part 37

ForkLog 13 23.05.2024

Ethereum Surpasses $3900 Amid New ETF Developments

The U.S. Securities and Exchange Commission (SEC) has commenced discussions on the S-1 form in applications for the registration of spot Ethereum ETFs, according to The Block, citing sources. “Essentially, everything is just beginning. It feels like the [Division of Investment Management] was somewhat caught off guard by the change in sentiment,” said a representative […]

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ForkLog 21 23.05.2024

Bitcoin Spot ETFs See Inflows for Eighth Consecutive Day

On May 22, net inflows into spot exchange-traded funds (ETFs) based on the leading cryptocurrency reached $153.9 million, marking an eighth consecutive day of positive momentum. Data: SoSoValue. BlackRock’s IBIT attracted the largest volume at $92 million, followed by Fidelity’s FBTC with $75 million. ARK Invest and 21Shares’ ARKB accumulated $3 million, while Grayscale’s GBTC […]

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ForkLog 15 22.05.2024

Bernstein Analysts Predict Ethereum Surge to $6600 with ETF Approval

Approval by the SEC of spot exchange-traded funds based on Ethereum could lead to a 75% increase in the asset’s price, reaching $6600. This view was expressed by Bernstein analysts Gautam Chhugani and Mahika Sapra, as reported by DL News. According to their assessment, the approval of spot Bitcoin ETFs in January resulted in a […]

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ForkLog 21 22.05.2024

Matrixport Co-Founder Suggests Solana as Next ETF Candidate

Should spot Ethereum ETFs receive approval, Solana (SOL) could be the next contender for launching exchange-traded funds, according to Matrixport co-founder Daniel Yan. What’s the trade, if ETH ETF really get approved in two days? The popular trade would be “BUY ETH”. Can’t really argue with that but do note that ETH is almost +20% […]

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ForkLog 9 22.05.2024

SEC’s Leaning Towards Approval of Spot Ethereum ETFs Sparks Market Buzz

Insiders report SEC’s “leaning” towards approving ETH-ETFs. Ethereum co-founder Joe Lubin predicts a supply crunch post-ETF launch. Some experts see political undertones in the regulator’s actions. Officials from the U.S. Securities and Exchange Commission (SEC) have informed trading platforms that the agency is “leaning” towards approving spot Ethereum-ETFs. This was reported by Barron’s, citing anonymous […]

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ForkLog 15 21.05.2024

Fidelity Drops Staking from Ethereum ETF Application Amid Regulatory Developments

Fidelity has removed the staking feature from its spot Ethereum ETF application. The SEC has requested Nasdaq and CBOE to update listing forms for the instruments. Standard Chartered analysts anticipate product approval as early as this week. Fidelity has omitted the staking provision in its updated S-1 form for a spot Ethereum ETF. Previous documents […]

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ForkLog 9 21.05.2024

Analysts Predict Ethereum Volatility Amid ETF Hype

The narrative surrounding the launch of spot Ethereum ETFs could increase the volatility of the second-largest cryptocurrency by market capitalization, according to several industry analysts. On May 20, media reported that the SEC requested companies to update form 19b-4 in their applications for the launch of the instrument. Following the news, ETH’s price exceeded $3600. […]

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ForkLog 10 21.05.2024

SEC’s New Requirement for Ethereum-Based ETFs Unveiled

The U.S. Securities and Exchange Commission (SEC) has requested companies to update form 19b-4 in their applications for launching spot Ethereum ETFs, according to CoinDesk, citing sources. The Wall Street Journal also reported on the regulator’s demand for amendments to the documents in an “expedited manner.” However, the SEC’s actions do not guarantee that spot […]

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ForkLog 14 18.05.2024

Coinbase Analyst Predicts Inevitable Approval of Ethereum ETFs

The approval of spot exchange-traded funds (ETFs) based on Ethereum by the U.S. Securities and Exchange Commission (SEC) is merely a matter of time, according to David Han, an analyst at the cryptocurrency exchange Coinbase. He expressed this view in a recent report. “While there is uncertainty regarding the timely approval of [ETH-ETF], given the […]

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ForkLog 16 16.05.2024

Institutional Interest: 937 Firms Invest $11 Billion in Bitcoin ETFs in Q1

937 institutional investors allocated $11.06 billion to spot Bitcoin ETFs in the first quarter. In July, Vanguard will be led by Salim Ramji, the creator of IBIT from BlackRock. Experts suggest the company might join the race for Bitcoin-based exchange-traded funds. As of March 31, 937 institutions had invested $11.06 billion in U.S. spot BTC-ETF […]

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ForkLog 17 14.05.2024

Wisconsin State Investment Board Reveals $163 Million ETF Holdings

According to a SEC filing, the Wisconsin State Investment Board (SWIB) held shares in spot bitcoin ETFs totaling $163 million as of the end of March.

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ForkLog 10 14.05.2024

VanEck’s Bitcoin ETF Attracts $109 Million in Early 2024

The VanEck Bitcoin Trust (HODL) ETF garnered $109 million in the first quarter of the year. Assets under management increased to 8711 BTC ($619.1 million), according to the report. The net realized profit for the structure during this period reached $6 million, with total liabilities estimated at $20 million. “The trust pays the sponsor a […]

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