ETF | ForkLog - Part 38

ForkLog 7 13.05.2024

Renewed Interest in Crypto Funds After Four Weeks of Outflows

Inflows into cryptocurrency investment products amounted to $130 million from May 4 to May 10, according to calculations by CoinShares. Data: CoinShares. Trading volumes for ETP fell from an April average of $17 billion to $8 billion. The share of crypto products in the total turnover of digital assets on reputable platforms dropped from 31% […]

AI translated

ForkLog 13 12.05.2024

ARK Invest and 21Shares Remove Staking from Ethereum ETF Application

ARK Invest and 21Shares have removed the staking provision from their spot Ethereum-ETF application. Franklin Templeton’s CEO predicted a shift of all exchange-traded funds to blockchain. On May 10, ARK Invest and 21Shares submitted an updated application for a spot Ethereum-ETF, which no longer includes a staking provision. In documents dated February 7, the companies […]

AI translated

ForkLog 16 09.05.2024

Grayscale Withdraws Application for Ethereum Futures ETF

Grayscale Investments has withdrawn its application to create a futures-based Ethereum ETF. According to CEO Michael Sonnenshein, the company will focus its efforts on converting the ETHE into a spot exchange-traded fund. Grayscale Investments will focus on converting its Ethereum trust — the world’s largest — to spot exchange-traded products, CEO Michael Sonnenshein said on […]

AI translated

ForkLog 10 07.05.2024

Hong Kong ETF Launch Eases Outflow from US Crypto Funds

From April 27 to May 3, outflows from cryptocurrency investment products amounted to $251 million. This negative trend continued for the fourth consecutive week, according to CoinShares. Data: CoinShares. The negative result could have been even higher if not for the inflows into exchange-traded products launched on April 30 in Hong Kong ($307 million). Analysts […]

AI translated

ForkLog 10 07.05.2024

SEC Delays Decision on Invesco and Galaxy’s Spot Ethereum ETF

The SEC has postponed its decision on the ETH-ETF from Invesco and Galaxy to July 5. Inflows into U.S. Bitcoin spot ETFs continued for the second consecutive day. Hong Kong’s BTC-ETF recorded its first net outflow. The U.S. Securities and Exchange Commission (SEC) has extended the review period for the proposed spot Ethereum ETF by […]

AI translated

ForkLog 12 06.05.2024

Mainland China May Soon Access Bitcoin ETFs in Hong Kong

Bitcoin ETFs registered in Hong Kong may soon become accessible to investors from mainland China, according to Richard Byworth, managing partner at SyzCapital. I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous (basically means mainland money can buy […]

AI translated

ForkLog 10 02.05.2024

BlackRock Anticipates Renewed Interest in Bitcoin ETFs

The current lull in the spot Bitcoin ETF segment is likely to be followed by a new wave of a different type of investors, according to Robert Mitchnick, head of digital assets at BlackRock, in an interview with CoinDesk. In the coming months, financial institutions, including pension, endowment, and sovereign wealth funds, are expected to […]

AI translated

ForkLog 17 02.05.2024

Record $564 Million Outflow from Bitcoin Spot ETFs in a Single Day

On May 1, the outflow from spot Bitcoin ETFs reached a record high since the approval of these products, amounting to $563.8 million. BlackRock’s IBIT recorded its first negative performance, with an outflow of $36.93 million. According to SoSoValue, yesterday’s Bitcoin spot ETF had a total net outflow of $564 million, a record high. Grayscale […]

AI translated

ForkLog 16 30.04.2024

Bitcoin Spot ETF Outflows Persist for Fourth Consecutive Day

On April 29, the net outflow from spot Bitcoin ETFs amounted to $51.5 million, marking the fourth consecutive day of this negative trend. According to SoSoValue, the total net outflow of Bitcoin spot ETF yesterday, April 29, was $51.5316 million. GrayscaleETF GBTC had a single-day net outflow of $24.6607 million. ARKB had a single-day net […]

AI translated

ForkLog 66 30.04.2024

Hong Kong Launches Spot Bitcoin and Ethereum ETFs

On April 30, the Hong Kong Stock Exchange (HKEX) officially commenced trading of six spot ETFs based on Bitcoin and Ethereum. The issuers are China Asset Management, Harvest Global, Bosera, and HashKey. The instruments have been assigned the following tickers: Bosera HashKey Bitcoin ETF (3008.HK); Bosera HashKey Ether ETF (3009.HK); ChinaAMC Bitcoin ETF (3042.HK); ChinaAMC […]

AI translated

ForkLog 12 29.04.2024

Bernstein Sees Bitcoin ETF Inflow Slowdown as Temporary

Bernstein maintains a $150,000 target for Bitcoin amidst a slowdown in BTC-ETF inflows. Analysts find Ethereum an attractive buy, anticipating approval of an exchange-traded fund based on it after May 23. Experts forecast a threefold increase in cryptocurrency market capitalization over the next 18-24 months. The slowdown in Bitcoin ETF inflows is expected to be […]

AI translated

ForkLog 7 29.04.2024

Australia Poised for Bitcoin ETF Approval, Bloomberg Reports

The Australian Securities Exchange (ASX) may commence trading of spot exchange-traded funds (ETFs) based on the leading cryptocurrency by the end of 2024, according to Bloomberg. Applications for these products have been submitted by asset managers VanEck Australia, BetaShares, and DigitalX. Justin Arzadon, head of digital assets at BetaShares, stated that the firm is preparing […]

AI translated

#ETF