ETF | ForkLog - Part 41

ForkLog 23 28.03.2024

Kerrisdale Capital Labels MicroStrategy Shares as Overvalued

Investment firm Kerrisdale Capital has described MicroStrategy shares as overvalued in its research report.

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ForkLog 20 28.03.2024

BlackRock’s Bitcoin Holdings Surpass $17 Billion

The volume of bitcoins acquired by BlackRock’s Shares Bitcoin Trust (IBIT) has increased to 245,951 BTC (~$17.47 billion) after 11 weeks of trading, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) holds 143,720 BTC ($10.21 billion), according to data from BuyBitcoinWorldwide. In third place among competitors, the GBTC — ARK 21Shares Bitcoin ETF (ARKB) — has […]

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ForkLog 9 28.03.2024

GSR Lowers May Approval Odds for Ethereum ETF to 20%

Market maker GSR has reduced the likelihood of approval for spot exchange-traded funds based on Ethereum in May to 20%, according to The Block. “We now believe the probability of the SEC approving spot ETH-ETFs in May is 20%,” stated company analyst Brian Rudick. In January, GSR’s estimate reached 75%. This optimistic outlook was explained […]

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ForkLog 15 28.03.2024

BlackRock CEO Surprised by Bitcoin ETF Hype

BlackRock CEO Larry Fink expressed his surprise at the interest from retail investors in the company’s spot Bitcoin ETF during an interview with Fox Business. ?NEW: @BlackRock CEO Larry Fink on $BTC and his $IBIT ETF: “Look, I’m very bullish on the long term viability of Bitcoin. We’re creating now a market that has more […]

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ForkLog 12 26.03.2024

Grayscale Anticipates Ethereum Spot ETFs by May

Ethereum spot ETFs are expected to receive approval in May, despite claims of “lack of engagement” from the SEC with applicants. This was stated by Grayscale’s Chief Legal Officer, Craig Salm. 1/ Recently, there’s been a lot of chatter about spot #Ethereum ETFs. I personally am not deterred by it and believe the ETFs should […]

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ForkLog 7 26.03.2024

Bitcoin Spot ETFs Reverse Five-Day Outflow Trend

Following a prolonged withdrawal of funds from spot exchange-traded funds based on the leading cryptocurrency, March 25 saw these instruments record a net inflow of $15.7 million. Dynamics of spot Bitcoin ETFs. Data: SoSoValue. In a single day, the largest inflows of $261 million were attributed to FBTC from Fidelity. For IBIT from BlackRock, the […]

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ForkLog 21 26.03.2024

Impact of SEC’s Inquiry into Ethereum Foundation on ETH-ETF Approval: ForkLog Analysis

The Ethereum Foundation and several other unnamed organizations have received inquiries from the SEC regarding the status of ETH. ForkLog examines how this development might affect the approval of a spot exchange-traded fund based on the second-largest cryptocurrency by market capitalization. Following the registration of a BTC-ETF on January 10, Bloomberg analysts Eric Balchunas and […]

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ForkLog 10 25.03.2024

Record $942 Million Withdrawn from Crypto Funds

Between March 16 and 22, cryptocurrency investment products experienced an outflow of $942 million following a record inflow of $2.92 billion. This is according to a report by CoinShares. Earlier, a positive trend had been observed for seven consecutive weeks, during which $12.3 billion flowed into these instruments. For comparison, the entire year of 2021 […]

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ForkLog 12 24.03.2024

Kraken UK Considers Launching Bitcoin ETF in Britain

Kraken UK’s Managing Director, Beivou Das, expressed at the Digital Asset Summit in London his desire to see spot Bitcoin ETFs in the UK, as reported by The Block. According to him, the world has changed significantly since the FCA banned the sale of cryptocurrency-based derivatives and exchange-traded notes (ETNs) to retail traders in January […]

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ForkLog 9 23.03.2024

SEC Delays Decision on Grayscale’s Ethereum Futures ETF

The U.S. Securities and Exchange Commission (SEC) has postponed the deadline for reviewing Grayscale Investments’ Ethereum Futures Trust ETF application to May 30, 2024. “The Commission finds it appropriate to set a longer period within which to issue an order approving or disapproving the proposal so that it has sufficient time to consider the proposal,” […]

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ForkLog 10 22.03.2024

Analyst Predicts Easing of Bitcoin Pressure from GBTC Outflows

On March 21, outflows from Grayscale’s spot Bitcoin ETF, GBTC, amounted to $358.8 million, following a record $642 million on March 18. Bloomberg analyst Eric Balchunas has forecasted an end to this trend. The more I think about it the more likely the uptick in flows is related to the bankruptcies bc of the size […]

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ForkLog 11 21.03.2024

Bitcoin Spot ETF Outflows Persist for Third Consecutive Day

On March 20, the total net outflow from Bitcoin spot ETFs amounted to $261 million, continuing a negative trend for the third consecutive day. According to SoSoValue data, on March 20, the total net outflow of Bitcoin spot ETFs was $261 million, marking three consecutive days of net outflows. The ETF GBTC had a single-day […]

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