ETF | ForkLog - Part 40

ForkLog 12 16.04.2024

Grayscale’s Bitcoin Fund Halves in Value

The crypto assets of Grayscale Investments’ GBTC have nearly halved in value approximately three months after conversion into a spot ETF. Data: Coinglass. Unlike other issuers such as BlackRock or Fidelity, the company’s investment structure launched on the New York Stock Exchange, operating with approximately 619,220 BTC. According to Coinglass, the volume of cryptocurrency held […]

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ForkLog 14 16.04.2024

Analyst Questions Prospects for Spot Bitcoin ETFs in Hong Kong

Cryptocurrency ETFs listed in Hong Kong would be “lucky” to attract a total of $500 million, according to Bloomberg analyst Eric Balchunas. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching next wk so to not compete w Dubai conf. Don’t expect a lot […]

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ForkLog 17 15.04.2024

Hong Kong Regulator Approves Bitcoin and Ethereum Spot ETFs

The Hong Kong Securities and Futures Commission (SFC) has approved applications from Boshi International, HashKey Capital, China Asset Management, and Harvest Investment to launch spot Bitcoin and Ethereum ETFs. Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong […]

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ForkLog 23 12.04.2024

Hong Kong’s Bitcoin ETF Demand Could Reach $25 Billion, Says Matrixport

If spot exchange-traded funds (ETFs) based on the leading cryptocurrency are launched in Hong Kong, demand from Chinese investors could reach $25 billion, according to a report by CoinDesk citing Matrixport. “The likely approval of a Hong Kong-listed bitcoin ETF will attract several billion dollars of capital, as market participants from mainland China will take […]

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ForkLog 11 12.04.2024

Peter Schiff Predicts Bitcoin’s Collapse Due to ETFs

Peter Schiff, President of Euro Pacific Capital, explained on Patrick Bet-David’s podcast how Bitcoin will face “the biggest crash in history,” leading MicroStrategy to bankruptcy. A well-known critic of the leading cryptocurrency, Schiff described it as a Ponzi scheme lacking intrinsic value. According to him, Bitcoin’s price rises solely due to hype and the greater […]

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ForkLog 4 10.04.2024

Spot Bitcoin ETF Trading Volume Surpasses $200 Billion

In the three months following their launch, the cumulative trading volume of spot exchange-traded funds (ETFs) based on the leading cryptocurrency has exceeded $200 billion, according to data from The Block Data. The figure for March nearly doubled, setting a record at $111 billion for the month. According to SoSoValue, on April 9, the trading […]

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ForkLog 9 10.04.2024

VanEck and CoinShares CEOs Doubt Imminent Approval of Ethereum ETF

Executives from companies that have received approval from the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF are pessimistic about the emergence of an Ethereum-based instrument, reports CNBC. VanEck CEO Jan van Eck anticipates that the agency will deny the launch of the product in May, when the first deadline for a […]

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ForkLog 6 09.04.2024

Ethereum Surges 8% Amid Robust Network and Market Activity

The price of the second-largest cryptocurrency by market capitalization increased by nearly 8% in a day—from $3400 to $3650—amid growing optimism among traders and anticipation of exchange-traded funds. 15-minute ETH/USDT chart on Binance. Data: TradingView. In daily dynamics, the asset outperformed Bitcoin and other close competitors. ETH is trading 24% below its all-time high. According […]

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ForkLog 6 07.04.2024

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is expected to eventually approve spot ETFs based on the second-largest cryptocurrency by market capitalization. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou in a conversation with The Block. “If there is no approval of spot ETH-ETFs by May, we anticipate a legal process. It is most likely […]

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ForkLog 7 03.04.2024

Bitcoin ETF Trading Volume Reaches $111 Billion in March

March marked a record high for spot Bitcoin ETF trading volumes, nearly tripling from the previous month—from $42 billion to $111 billion. MARCH MADNESS: Bitcoin ETFs traded $111b in March, which is just about triple what they did in Feb and Jan. I added the months where only GBTC was on market for further context. […]

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ForkLog 16 02.04.2024

Bitcoin ETF Outflows Resume: IBIT and FBTC Inflows Fail to Counter GBTC Impact

On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale’s GBTC, which saw $302.6 million in client funds withdrawn, according to SoSoValue. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $165.85 million, while Fidelity’s FBTC saw $44 million. This was […]

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ForkLog 12 30.03.2024

ConsenSys Urges SEC to Approve Spot Ethereum ETFs

The company behind the cryptocurrency wallet MetaMask, ConsenSys, has sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the approval of spot Ethereum ETFs. In our comment letter to the SEC on ETH ETF approval, “We urge the Commission to recognize the advanced safeguards inherent in Ethereum’s design”. ? https://t.co/agfLYbl1Vt — Consensys […]

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