ETF | ForkLog - Part 49

ForkLog 13 16.01.2024

Experts Highlight Risks of Spot Bitcoin ETFs

Spot Bitcoin ETFs have opened a channel for large capital inflow into the industry, but also introduced new risks. Traditional financial practices could pose a threat to the ecosystem of the first cryptocurrency. TradFi players might attempt to influence the network’s development, though this is unlikely. The approval of spot Bitcoin ETFs by the SEC […]

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ForkLog 11 15.01.2024

Greenpeace Criticizes Approval of Bitcoin ETF in the US

The international environmental organization Greenpeace has criticized the decision by the US Securities and Exchange Commission (SEC) regarding spot Bitcoin ETFs. Our statement on the @SECGov‘s #Bitcoin ETF approvals. This is a win for Wall Street executives but a loss for the climate and society. It is incumbent on @BlackRock & @Fidelity to play an […]

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ForkLog 6 15.01.2024

JPMorgan Predicts Shift from GBTC to Other Bitcoin ETFs

Registered spot Bitcoin ETFs could attract up to $36 billion from other crypto products like the Grayscale Bitcoin Trust (GBTC), according to a forecast by JPMorgan, reports CoinDesk. Analysts did not provide an estimate for “fresh” inflows into these instruments. They described the market’s reaction to the decision by the SEC to approve the products […]

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ForkLog 10 15.01.2024

Crypto Fund Investments Near Record High Amid ETF Launch

Inflows into cryptocurrency investment products from January 6 to 12 rose to $1.19 billion, approaching the historical peak of $1.5 billion during the launch of futures ETFs in October 2021, according to a report by CoinShares. Data: CoinShares. Trading volumes reached an all-time high of $17.5 billion. For comparison, in 2022, the average figure was […]

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ForkLog 11 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

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ForkLog 10 14.01.2024

Analysts Doubt Imminent Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve an ETF based on the spot price of Ethereum in the near future, according to analysts from investment bank TD Cowen, reports The Block. “We expect the SEC will not approve an ETP for other tokens soon, as it will want to study the […]

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ForkLog 114 14.01.2024

Tom Lee Predicts Bitcoin Surge to $500,000 Within Five Years

The price of the leading cryptocurrency is expected to reach $150,000 by the end of 2024 and $500,000 within the next five years, according to Tom Lee, co-founder of the analytical firm Fundstrat, in an interview with CNBC. “I think in the next 12 months [bitcoin will trade] above $100,000. Maybe above $150,000,” the expert […]

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ForkLog 17 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

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ForkLog 7 12.01.2024

SEC Commissioner Criticizes Approval of Spot Bitcoin ETFs

The decision by the SEC to approve exchange-traded funds based on the spot price of Bitcoin is “unjustified and anti-historical,” according to Commissioner Caroline Crenshaw. She stated this in a recent announcement. “It sets us on the wrong path of neglecting investor protection. I cannot agree that these actions serve our legislative or core mandates, […]

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ForkLog 8 12.01.2024

CoinShares to Acquire Control of Valkyrie Funds’ Bitcoin ETF

Cryptocurrency ETP provider CoinShares has exercised an option to acquire competitor Valkyrie Funds, part of the Valkyrie Investments group. The agreement was set to expire on March 31, 2024. Financial terms have not been disclosed. The deal is pending the completion of legal due diligence, the signing of necessary agreements, and final approval by the […]

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ForkLog 53 12.01.2024

Robinhood Expands to Include Spot Bitcoin ETFs in the US

On January 12, online broker Robinhood enabled trading for all eleven SEC-approved spot Bitcoin ETFs for its US clients. Excited about the Bitcoin ETF news? All 11 are now available on Robinhood: https://t.co/hDdECIUz70 And when you transfer your brokerage account into Robinhood you get a 1% bonus on us: https://t.co/2mExIfm5T9. Terms apply. pic.twitter.com/bZ6TbAzNhN — Robinhood […]

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ForkLog 18 12.01.2024

Banks’ Stance on Bitcoin ETFs: From Restriction to Broad Access

Banks Citi and UBS are set to add spot bitcoin ETFs to the list of trading instruments available to their clients, in contrast to the stance of several other major institutions. This was reported by CoinDesk. A source from UBS informed the publication that the product will be unavailable to account holders with lower risk […]

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