ETF | ForkLog - Part 47

ForkLog 13 30.01.2024

GBTC Outflows Slow as Google Permits ETF Advertising

GBTC investors continue to take profits, but at reduced volumes. Other issuers are lowering management fees. Google has started allowing bitcoin ETF advertisements. Outflows from the Grayscale Bitcoin Trust ETF (GBTC) have reached $5 billion since its conversion, potentially prompting withdrawals from crypto funds in Europe and Canada, according to a report by CoinShares. ETF […]

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ForkLog 20 29.01.2024

Analysts Doubt Approval of Ethereum ETF Before 2026

The U.S. Securities and Exchange Commission (SEC) is expected to approve an ETF based on the spot price of Ethereum by late 2025 or early 2026, according to investment bank TD Cowen, reports The Block. Analysts believe a positive decision from the SEC is unlikely this year. “This is a political call. We believe SEC […]

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ForkLog 46 29.01.2024

Vanguard Labels Bitcoin as an ‘Immature Asset Class’

Vanguard has opted not to offer clients access to a bitcoin ETF, citing the cryptocurrency as an “immature asset class” that does not align with the company’s philosophy. Here’s full explanation from Vanguard on not allowing spot bitcoin ETFs on platform… “It’s an immature asset class that has little history, no inherent economic value, no […]

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ForkLog 6 29.01.2024

GBTC Sales Drive Cryptocurrency Product Outflows to $0.5 Billion

From January 20 to 26, outflows from cryptocurrency investment products reached $499.7 million, up from $20.8 million the previous week, according to a report by CoinShares. Data: CoinShares. Experts estimate that Grayscale Investments recorded outflows of $2.23 billion from GBTC and other products over the week, totaling $5.1 billion since the approval of digital gold-based […]

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ForkLog 19 29.01.2024

Hong Kong Seeks Approval for Spot Bitcoin ETF

The Hong Kong branch of China’s asset management firm, Harvest Fund Management, has submitted a proposal to the Securities and Futures Commission (SFC) to launch a spot bitcoin ETF, according to Tencent News. The publication notes that the regulator may permit the listing of the product after the Lunar New Year celebrations conclude on February […]

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ForkLog 11 27.01.2024

Grayscale Predicts Possible Approval Timeline for Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) is likely to approve an ETF based on the spot price of Ethereum by the summer of 2024, according to Craig Salm, head of the legal department at Grayscale. As @CraigSalm explained on @BizBriefing earlier this month, we believe that uplisting $ETHE to a spot Ethereum ETF is […]

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ForkLog 14 25.01.2024

Bitwise Bitcoin ETF Wallet Receives Donations as ‘Inscriptions’

The bitcoin address designated for holding acquired Bitwise Bitcoin ETF (BITB) coins received donations primarily in the form of ‘inscriptions’. Hours earlier, the product issuer Bitwise Asset Management disclosed information about the product’s wallet. At the time of writing, the address contains 16,773 ‘inscriptions’ valued at over $6,000. Among them are RSIC airdrops, Bitcoin Punk, […]

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ForkLog 22 25.01.2024

Record Outflows from Spot Bitcoin ETFs

On January 24, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $429.3 million, surpassing the combined inflows into other spot bitcoin ETFs ($204.7 million). These calculations were provided by Bloomberg analyst James Seyffart. Day 9 — More $GBTC outflows, -$429 million. Still waiting on BlackRock data. pic.twitter.com/S2mjoEvg5o — James Seyffart (@JSeyff) January 25, 2024 […]

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ForkLog 22 25.01.2024

Bitwise Reveals Bitcoin ETF Wallet Address

Bitwise Asset Management has disclosed the bitcoin address holding the coins acquired for the Bitwise Bitcoin ETF (BITB). Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings. Now anyone can verify BITB’s holdings and flows directly on the blockchain. Onchain transparency is core […]

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ForkLog 64 25.01.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The SEC has postponed its decision on BlackRock’s spot Ethereum ETF application until March 10. SEC Chair Gary Gensler reminded that the approval of a spot Bitcoin ETF was limited to just one cryptocurrency. Optimistic experts anticipate Ethereum ETF approval in May with a 50-70% probability, while skeptics point to regulatory resistance. SEC has postponed […]

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ForkLog 11 25.01.2024

Coinbase Declares Bitcoin ‘Mainstream’ Following ETF Launch

The introduction of spot Bitcoin ETFs in the United States has paved the way for the cryptocurrency to reach a broader audience, according to executives at Coinbase Institutional. This was reported by The Block. “The most exciting thing is that now cryptocurrency can become mainstream for the first time. […] This is the moment we […]

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ForkLog 7 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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