ETF | ForkLog - Part 37

ForkLog 13 26.05.2024

Michael Saylor Highlights Ethereum-ETF’s Advantage for Bitcoin

Michael Saylor described the ETH-ETF as “another line of defense for Bitcoin” and noted “accelerated institutional adoption” thanks to the instrument. Bloomberg analysts predicted demand for ETH-ETF at 15-25% of exchange-traded funds based on the first cryptocurrency. Experts from TD Cowen suggested the emergence of an ETF on a “basket of crypto tokens” within a […]

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ForkLog 7 25.05.2024

JPMorgan: Approval of ETH-ETF Seen as Political Move Ahead of US Elections

JPMorgan analysts have described the SEC’s approval of spot Ethereum-ETFs as a political decision in the lead-up to the US presidential elections. This was reported by The Block. “We view this ETF approval and cryptocurrency in a broader sense as an increasingly political issue ahead of the US presidential elections in 2024. Therefore, we expect […]

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ForkLog 24 24.05.2024

Standard Chartered Identifies ETF Contenders for 2025

A new phase for exchange-traded funds is likely to commence in 2025, with SOL and XRP next in line. This was stated by Jeffrey Kendrick, head of research at Standard Chartered, in an interview with The Block. “For other coins like SOL and XRP, markets will also eagerly await their ETF, although this is more […]

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ForkLog 5 24.05.2024

Ethereum Dips Below $3700 Following ETF Approval: Analysts Weigh In

Following the approval by the SEC of Form 19b-4 applications for launching spot Ethereum ETFs, the underlying asset fell by 7.5%—from $3950 to $3650. 15-minute ETH/USDT chart on Binance. Data: TradingView. Briefly, the cryptocurrency dipped below $3500. At the time of writing, ETH had recovered to $3710. Julio Moreno, Head of Research at CryptoQuant, noted […]

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ForkLog 13 24.05.2024

SEC Approves Spot Ethereum ETFs: Key Developments

On May 23, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum. The companies receiving approval include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK Invest/21Shares, Invesco/Galaxy, and Bitwise. However, the regulator did not grant permission for Hashdex, whose application deadline expires on May 30. Trading […]

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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 22 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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