ETF | ForkLog - Part 51

ForkLog 38 10.01.2024

HashKey Identifies Bitcoin ETF Aspirants in Hong Kong

Approximately ten financial firms in Hong Kong are exploring the launch of spot Bitcoin ETFs, according to an interview with Caixin by Livio Weng, COO of the cryptocurrency exchange HashKey. He noted that potential issuers include companies with Chinese capital, as well as firms from other parts of Asia and Europe. Seven or eight of […]

AI translated

ForkLog 11 10.01.2024

Bitcoin ETF Approval Diminishes Likelihood of Sell-Offs, Say Experts

Following a wave of long position liquidations, the anticipated sell-off after the expected approval of spot Bitcoin ETFs by the SEC is now less certain. Analysts at K33 Research have reached this conclusion. They believe the cascade of forced long closures has “sharply improved market conditions.” According to their observations, from January 2 to 6, […]

AI translated

ForkLog 26 09.01.2024

Expert Predicts Premiums for Spot Bitcoin ETFs

Spot Bitcoin ETFs are expected to trade at a significant premium to NAV. This was stated in an interview with Bloomberg by Reggie Browne, co-head of ETF trading and sales at GTS.

AI translated

ForkLog 25 09.01.2024

VanEck Allocates $72.5 Million for Bitcoin ETF, BlackRock Commits $10 Million

Prospective issuers of spot Bitcoin ETFs in the United States have disclosed the initial funding amounts for their products in updated S-1 filings with the SEC. Investment firm VanEck announced its intention to allocate $72.5 million for the structure. BlackRock will commit $10 million to the launch of its Bitcoin ETF. Bitwise Asset Management has […]

AI translated

ForkLog 14 09.01.2024

Standard Chartered Predicts Bitcoin Could Reach $200,000 Following ETF Approval

Bitcoin could rise to $200,000 by 2025, according to Standard Chartered. Risks of SEC decision delays on applications remain. Should spot ETFs based on the leading cryptocurrency be approved, the asset’s price could soar to $200,000 by the end of 2025, analysts at Standard Chartered stated in a recent report. Standard Chartered posting some moon […]

AI translated

ForkLog 19 09.01.2024

Gary Gensler Warns of Bitcoin Risks Ahead of ETF Decision

Gary Gensler, the head of the SEC, has cautioned about the volatile nature of crypto assets. His thread appeared two days before the decision on spot Bitcoin ETFs. 1⃣ Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws. Investors in crypto asset securities should understand they may be […]

AI translated

ForkLog 15 08.01.2024

Grayscale’s Proposed Bitcoin ETF Management Fee Surprises Analysts

In an updated S-3 form, Grayscale has reduced its management fee from 2% to 1.5% as part of the proposed conversion of its Bitcoin Trust into a spot ETF. Experts compared this with offerings from other potential issuers of similar products. Bloomberg analyst James Seyffart noted that the lowest rate of 0.24% was proposed by […]

AI translated

ForkLog 7 08.01.2024

Anticipation Builds for Bitcoin ETF: Insights and Predictions from the Crypto Community

This week, the SEC is set to hold a crucial vote on applications for launching spot Bitcoin ETFs. Updated documents were required to be submitted by the morning of January 8 in Washington, according to Bloomberg. Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck, WisdomTree, and ARK Invest with 21Shares have met […]

AI translated

ForkLog 17 06.01.2024

Bitcoin ETF Issuers Submit Final Amendments to SEC

BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, Wisdomtree, ARK Invest, 21Shares, Invesco, and Galaxy have submitted updated 19b-4 forms to the SEC, reports The Block. The latest amendments to the spot Bitcoin ETF applications bring issuers to the “home stretch,” noted Bloomberg analyst James Seyffart. We’re not over the finish line yet. But […]

AI translated

ForkLog 11 04.01.2024

Matrixport Predicts SEC Will Reject Spot Bitcoin ETF Applications in January

Matrixport analyst Markus Thielen believes that the U.S. Securities and Exchange Commission (SEC) will reject all applications for launching a spot Bitcoin ETF in January.

AI translated

ForkLog 20 02.01.2024

Cryptocurrency Exchange Trading Volume Surpasses $1 Trillion

For the first time since September 2022, the monthly trading volume on cryptocurrency exchanges has exceeded $1 trillion.

AI translated

ForkLog 9 30.12.2023

Bitcoin-ETF issuers file updated applications with the SEC

BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy filed final amendments to their spot Bitcoin ETF applications.

AI translated

#ETF