ETF | ForkLog - Part 32

ForkLog 10 25.07.2024

Ethereum-ETF: A New Era or Just Another Market Tool?

On July 23, spot Ethereum-ETFs were launched in the US by nine issuers. Trading volumes reached $1 billion on the first and second days. In a comment for ForkLog, trader and author of the Telegram channel Coen+, Vladimir Cohen, discussed the significance of the product and the current market state. A Familiar Scenario? The launch […]

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ForkLog 14 25.07.2024

Hashdex Files S-1 for Dual Crypto ETF

Asset management firm Hashdex has submitted an SEC application via Form S-1 to launch the Hashdex Nasdaq Crypto Index US ETF, based on Bitcoin and Ethereum. According to the document, the product will initially engage with only two digital assets, but the firm may later add other cryptocurrencies, “considering the standards of the Securities Act.” […]

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ForkLog 15 25.07.2024

10x Research Identifies Emerging Issues Following Ethereum Sell-off

The sharp decline in Ethereum following the launch of spot ETFs signals emerging issues, according to 10x Research. #Ethereum Crashing -> what’s going on? https://t.co/ciaqYVYuZh pic.twitter.com/czrg8YRwW6 — 10x Research (@10x_Research) July 25, 2024 According to analysts, the sell-off largely mirrors the familiar pattern observed during the launch of exchange-traded funds based on digital gold. Experts […]

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ForkLog 10 25.07.2024

Ethereum Falls Below $3200 Amid ETF Outflows

Outflows from Grayscale’s Ethereum Trust exceeded inflows into ETH-ETF. Investors shifted focus from the debut of spot Ethereum-ETFs to Mt.Gox coin movements and macroeconomics. On July 24, Ethereum’s daily decline reached 7.9%, while Bitcoin’s was 2.7%, according to CoinGecko. According to SoSoValue, the net outflow from spot Ethereum-ETFs amounted to $133.2 million. At the time […]

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ForkLog 97 24.07.2024

Franklin Templeton Hints at Solana ETF Launch

Asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, has mentioned Solana as one of the “other exciting and major developments” poised to advance the industry. Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward. Solana has shown major adoption and […]

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ForkLog 28 24.07.2024

Bitcoin Inscriptions, ETFs, and AI: New Avenues for Cybercriminals

The hype surrounding the Ordinals project and the launch of Bitcoin ETFs could potentially trigger a new wave of cyberattacks, according to a recent Europol report on current cyber threats in the EU. ?In 2023, millions of victims across the EU were attacked and exploited online on a daily basis. ?Today, Europol published the Internet […]

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ForkLog 33 24.07.2024

Ethereum Spot ETFs Debut with $1 Billion Trading Volume

Ethereum-based spot exchange-traded funds (ETFs) concluded their first day of trading with a volume of approximately $1.08 billion—23% of the figure recorded by bitcoin ETFs on their debut day, according to Bloomberg analyst Eric Balchunas. DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the […]

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ForkLog 12 23.07.2024

Ethereum Spot ETF Trading Volume Surpasses $500 Million

The total trading volume of spot ETFs based on the second-largest cryptocurrency by market capitalization exceeded $500 million just hours after the debut of the new instrument on regulated American exchanges. Data: SoSoValue. The primary contributor to this metric was Grayscale’s ETHE (~$222 million). Other leaders included BlackRock’s ETHA (~$117 million) and Fidelity’s FETH ($70.6 […]

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ForkLog 10 23.07.2024

Market Reaction to ETH-ETF Launch Deemed ‘Muted’ by Analysts

The approval of spot Ethereum-ETFs has had a “muted” impact on the market, as investors anticipated a “buy the rumor, sell the news” scenario, according to analysts at QCP Capital. Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later. QCP […]

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ForkLog 25 23.07.2024

Ethereum ETF Trading Commences Amid Moderate Pressure on Price

On July 23, trading of spot Ethereum ETFs began. Within 20 minutes, the price of the second-largest cryptocurrency fell by 1.7% on increased volumes, nearing intraday lows. 15-minute ETH/USDT chart on Binance. Data: TradingView. In the last 24 hours, Ethereum has decreased by 1.1%, outperforming other top-10 digital assets by market capitalization, excluding stablecoins. Data: […]

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ForkLog 10 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

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ForkLog 7 23.07.2024

BlackRock’s Bitcoin ETF Inflows Reach $534 Million in a Day

On July 22, inflows into spot Bitcoin ETFs amounted to $533.57 million. Such high levels were last observed on June 4, according to SoSoValue. This positive trend continued for the thirteenth consecutive trading day. Inflows into BlackRock’s IBIT reached $527.7 million, the highest since March 13. Investors added $23.72 million to Fidelity’s FBTC, $13.65 million […]

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