ETF | ForkLog - Part 42

ForkLog 14 20.03.2024

Ethereum Foundation Allegedly Receives Confidential Request from Unnamed State Authority

The Ethereum Foundation, a non-profit organization registered in Switzerland, has reportedly received a confidential request from an unnamed “state authority,” according to CoinDesk. A commit on GitHub dated February 26, 2024, indicates that the website’s source code was altered following a “voluntary request from a state authority, which included a confidentiality requirement.” The content of […]

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ForkLog 12 19.03.2024

Bitwise Predicts Imminent Access to Bitcoin ETFs for Major Investment Platforms

Within weeks, a leading investment platform is expected to offer access to a Bitcoin ETF. The delay in approving Ethereum ETFs is likely to result in significant inflows due to Wall Street’s better preparation for the product. In the coming weeks, a major investment platform may announce support for a spot Bitcoin ETF, according to […]

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ForkLog 13 19.03.2024

Fidelity Incorporates Staking in Spot Ethereum ETF Proposal

Asset management firm Fidelity Investments has made amendments to its proposal for launching an exchange-traded fund based on the spot price of Ethereum, including a provision for staking. “According to the registration statement, the sponsor may, from time to time, place a portion of the fund’s assets through one or more trusted staking providers, which […]

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ForkLog 17 19.03.2024

CoinShares Predicts Imminent Demand Shock for Bitcoin

In the short term, Bitcoin is expected to experience a surge in ETF inflows from registered investment advisors (RIA). This scenario was considered by James Butterfill, Head of Research at CoinShares. “Typically, platforms used by RIAs require three months of trading data before they can include an instrument. Thus, there may be an influx of […]

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ForkLog 11 19.03.2024

Bitcoin’s Path to $200,000 Deemed Achievable by 10T Holdings CEO

Bitcoin could easily reach $200,000 due to ETF inflows and the halving event, according to a forecast by Dan Tapiero, CEO of 10T Holdings, in an interview with The Block. “I don’t think this expectation is that crazy,” he shared. The potential for a threefold increase from the current price roughly aligns with the percentage […]

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ForkLog 11 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 40 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 11 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 11 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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