ETF | ForkLog - Part 48

ForkLog 12 20.01.2024

SEC May Approve Bitcoin ETF Options by February, Analyst Suggests

Bloomberg analyst James Seyffart has indicated that the U.S. Securities and Exchange Commission (SEC) might permit trading of options on spot Bitcoin ETFs in the latter half of February. Absolute latest we get a decision is somewhere around ~Sept 21, 2024. — James Seyffart (@JSeyff) January 19, 2024 “The SEC has already acknowledged the 19b-4 […]

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ForkLog 46 19.01.2024

Grayscale CEO Predicts Failure for Most Bitcoin ETFs

The majority of the 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) are likely to fail, according to Grayscale CEO Michael Sonnenshein in a conversation with CNBC. He believes that only “two or three exchange-traded funds might achieve some critical mass.” “I do not think that ultimately the market will […]

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ForkLog 16 19.01.2024

Experts Discuss the Adverse Impact of ETFs on Bitcoin’s Price

Analysts note price consolidation and liquidity redistribution in the exchange-traded funds market. However, Bitcoin may experience further correction as Grayscale’s GBTC investors take profits. Despite high trading volumes of spot Bitcoin ETFs, the asset’s price is showing a negative trend. On the evening of January 18, the price of the leading cryptocurrency fell below $42,000. […]

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ForkLog 29 19.01.2024

SEC Delays Decision on Fidelity’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Fidelity Investments’ application to launch a spot Ethereum ETF. According to the statement, the regulator extended the discussion period by 45 days to allow “sufficient time to consider the proposed rule change and the issues raised.” The deadline is now set for March […]

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ForkLog 5 19.01.2024

South Korea Urged to Reconsider Stance on Spot Bitcoin ETFs

On January 18, the office of the President of South Korea requested the local Financial Services Commission (FSC) to reconsider its stance on spot Bitcoin ETFs, according to The Block. During a briefing, Yoon Tae-yen, the head of policy, stated that the government is exploring the possibility and methods of incorporating foreign regulations into local […]

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ForkLog 15 18.01.2024

Bitcoin ETFs Surpass Silver-Based Funds in AUM

A week after their launch in the US financial market, spot Bitcoin ETFs have surpassed silver-based exchange-traded funds in assets under management (AUM), reports The Block.

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ForkLog 28 18.01.2024

US Spot Bitcoin ETFs Reach $27 Billion in Assets

On January 17, the assets under management (AUM) of spot exchange-traded funds (ETFs) based on the first cryptocurrency in the United States reached 632,000 BTC (~$27 billion), according to research by CoinGecko. AUM of US Spot Bitcoin ETFs. Source: CoinGecko. Grayscale’s GBTC accounts for 93.4% of all bitcoins held in American bitcoin ETFs. In fiat […]

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ForkLog 8 18.01.2024

Spot Bitcoin ETF Trading Volume Surpasses $11 Billion

Spot Bitcoin ETF trading volume reached $11 billion, though the growth rate of fund inflows is gradually slowing. Experts are divided on the risks and opportunities for Bitcoin related to exchange-traded funds. The cumulative trading volume of 11 spot Bitcoin ETFs in the US reached $11.1 billion in the first four days following the launch […]

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ForkLog 17 18.01.2024

Ethereum Set to Outpace Bitcoin in Price Growth, Analysts Say

In the medium term, Ethereum is expected to surpass Bitcoin in price growth as market participants anticipate the approval of a spot ETF for the second-largest cryptocurrency by market capitalization in the United States. This is according to a report by QCP Capital.

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ForkLog 13 17.01.2024

Morgan Creek CEO Skeptical of Imminent Approval for Spot Ethereum ETFs

SEC is unlikely to approve spot Ethereum ETFs in the near future, despite optimism following the approval of similar Bitcoin products in the U.S. This was stated by Morgan Creek Capital CEO Mark Yusko in an interview with Cointelegraph. Previously, Bloomberg exchange analyst Eric Balchunas suggested a 70% likelihood of approval for several Ethereum fund […]

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ForkLog 52 16.01.2024

Arthur Hayes Explores Arbitrage Opportunities Following Bitcoin ETF Launch

The approval of a Bitcoin ETF in the United States has paved the way for a range of strategies at the intersection of the cryptocurrency market and TradFi. This was highlighted by former BitMEX CEO Arthur Hayes in his blog post. Opportunities will arise in the following areas: the process of creating and redeeming ETFs; […]

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ForkLog 10 16.01.2024

Bitcoin Correction Attributed to ETF Approval Sell-off, Say Analysts

Cumulative Volume Delta (CVD) of digital gold on leading platforms turned negative following news of spot Bitcoin ETF approval, according to Kaiko. Analysts pointed to a “sell the news” scenario. They noted that an hour before the US market opened, net purchases on Binance reached nearly 3000 BTC, but the buyers’ advantage was short-lived. Positive […]

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