ETF | ForkLog - Part 42

ForkLog 10 18.03.2024

Weekly Inflows to Crypto Products Reach Record $2.92 Billion

Inflows into cryptocurrency investment products from March 9 to 15 amounted to $2.92 billion, up from $2.69 billion in the previous reporting period, according to a report by CoinShares. This positive trend has continued for the seventh consecutive week. Data: CoinShares. Year-to-date inflows have reached $13.2 billion, compared to $10.6 billion for the entire year […]

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ForkLog 36 18.03.2024

Vanguard CEO Warns Against Bitcoin ETFs Citing Asset’s Speculative Nature

Tim Buckley, CEO of investment giant Vanguard, remains opposed to spot exchange-traded funds (ETFs) based on the leading cryptocurrency due to the asset’s volatile nature. He expressed this view in a video address to clients. Buckley cautioned against including Bitcoin ETFs in retirement investment portfolios, labeling the coin as “speculative.” In his view, digital gold […]

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ForkLog 10 18.03.2024

Crypto.com CEO Describes Bitcoin Correction as ‘Healthy’

The current Bitcoin correction is deemed healthy, with the upcoming halving potentially intensifying it. Mid-term prospects remain favorable due to the anticipated inflow into ETFs. Bitcoin is in a bullish phase of its cycle similar to the situation in December 2020–January 2021, with the current correction being described as “healthy.” This was stated by Crypto.com […]

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ForkLog 10 15.03.2024

US Senators Oppose SEC Approval of New Crypto ETFs

On March 11, two US senators sent a letter to SEC Chairman SEC Gary Gensler, urging a halt to the approval of new exchange-traded funds based on digital assets, citing “enormous risks.” The success of the BTC spot products clearly ruffling some feathers on the Hill. @SenatorJackReed and @Senlaphonza write to the @SECGov urging:-no further […]

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ForkLog 9 15.03.2024

JPMorgan Analysts Attribute Bitcoin Rally to Speculative Investors

The recent surge in the cryptocurrency market is primarily driven by retail and speculative institutional investors purchasing both gold and bitcoin futures, according to analysts at JPMorgan. This was reported by The Block, citing the company’s report. Since the launch in early January, spot bitcoin exchange-traded funds (ETFs) have seen significant inflows, while gold ETFs […]

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ForkLog 8 14.03.2024

Analyst Identifies Key Drivers for Bitcoin ETF Demand

The inclusion of spot Bitcoin ETFs by major platforms and the approval of options based on them are expected to be “powerful catalysts” for demand by the year’s end, according to Bloomberg analyst Eric Balchunas, as reported by The Block. Currently, exchange-traded funds are not available to clients of RIA platforms managing $7-10 trillion in […]

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ForkLog 8 13.03.2024

Bitcoin’s Ascent to $100,000 and SEC’s Reluctance on Ethereum ETF

Bitcoin is expected to rise to $100,000 in the second half of the year, while the outlook for a spot Ethereum ETF appears less optimistic. These expectations were shared with journalist Colin Wu by macroeconomist Luxon, who spoke under a pseudonym. Read more. The expert derived this target by assuming that the American asset management […]

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ForkLog 40 13.03.2024

Bitcoin ETF Inflows Hit Record $1.05 Billion in a Day

On March 12, net inflows into spot exchange-traded funds (ETFs) based on the leading cryptocurrency reached $1.05 billion. This figure surpasses the previous February record of $673 million by 56%. Daily inflows into spot Bitcoin ETFs. Data: SoSoValue. According to SoSoValue, BlackRock continues to lead the ETF race, with IBIT volume increasing by $848 million […]

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ForkLog 27 12.03.2024

BlackRock’s Spot Bitcoin ETF AUM Surpasses 200,000 BTC

Just two months after the launch of the first spot Bitcoin ETFs in the US, the assets under management of BlackRock’s IBIT fund have exceeded 200,000 BTC ($14.6 billion).

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ForkLog 5 12.03.2024

Analysts Observe ETF News Impact on Ethereum Options

Expectations for the continuation of Ethereum’s upward trend have become less optimistic over a one to two-month horizon, according to options market observations by QCP Capital. QCP: Two major macro events coming up (CPI tonight, FOMC next week). The vol-market continues to express the bullishness in BTC as vols remain very elevated for the calls […]

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ForkLog 9 12.03.2024

Bloomberg Analysts Lower Odds of Spot Ethereum ETF Approval to 35%

Bloomberg experts have reduced the chances of spot ETH-ETF approval in May to 35%. The decline in optimism is due to the SEC’s low engagement in discussions with issuers. The PoS mechanism, price manipulation risks, and the potential classification of the asset as a security pose additional challenges for a positive verdict. Bloomberg analyst Eric […]

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ForkLog 12 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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