ETF | ForkLog - Part 35

ForkLog 12 02.07.2024

Bitcoin ETF Inflows Continue for Fifth Consecutive Day

On July 1, net inflows into spot Bitcoin ETFs reached $129.5 million, according to data from SoSoValue. Over the past five trading days, a total of $266.8 million has flowed into these products, and since approval, the figure stands at $14.65 billion. The total assets under management have approached $54.9 billion. Data: SoSoValue. On July […]

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ForkLog 9 01.07.2024

Ethereum Fund Outflows Extend Downward Trend in Crypto Investments

Cryptocurrency investment products experienced an outflow of $30 million from June 22 to June 28, following a $584 million outflow the previous week, according to calculations by CoinShares. This negative trend continued for the third consecutive week, driven by the largest withdrawal from Ethereum funds since August 2023, amounting to $61 million. Data: CoinShares. The […]

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ForkLog 9 01.07.2024

Bitcoin Faces Resistance at $65,000, Say Experts

The resistance level for Bitcoin’s current rebound could be $65,000. July is typically a strong month for digital gold, but the Mt.Gox factor may be more significant. Upcoming US presidential elections and macroeconomic data could steer the leading cryptocurrency back onto a growth trajectory. To continue its rebound from June lows, Bitcoin must surpass the […]

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ForkLog 8 29.06.2024

Ethereum ETFs Face Delays in July Launch

The U.S. Securities and Exchange Commission (SEC) has returned S-1 forms to potential issuers of spot ETH-ETFs for revisions, according to The Block, citing a source. The regulator provided “minor comments” and expects the corrected applications to be resubmitted by July 8, the source noted. According to the source, this will not be the final […]

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ForkLog 21 28.06.2024

21Shares Seeks SEC Approval for Solana ETF

Swiss firm 21Shares has submitted an application to the U.S. Securities and Exchange Commission (SEC) using Form S-1 to register an exchange-traded fund (ETF) based on the cryptocurrency Solana (SOL). The product is expected to be listed on the Cboe BZX platform, though the ticker remains unspecified. Coinbase Custody Trust Company will serve as the […]

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ForkLog 6 28.06.2024

Prospects for Solana ETF Rise Following US Presidential Debate

The likelihood of a Solana ETF being approved within the next 12 months is closely linked to the potential change in the US presidency. It is safe to say that the probability of both has increased since yesterday, stated Bloomberg analyst Eric Balchunas. Yes, the odds of a Solana ETF being approved in next 12mo […]

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ForkLog 8 28.06.2024

Steno Research Predicts Ethereum Surge to $6500 Following ETF Launch

Despite the prevailing market pessimism regarding spot Ethereum ETFs, analysts at Steno Research forecasted a net inflow of $15-20 billion into future funds over the course of a year. Amid interest from traditional players, researchers believe the price of the second-largest cryptocurrency by market capitalization will reach “at least $6500.” “If the inflow estimates are […]

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ForkLog 7 28.06.2024

GSR Evaluates Solana’s Growth Potential with Possible ETF Launch

Solana’s value could increase by 1.4 to 8.9 times if spot exchange-traded funds based on the cryptocurrency are approved in the United States. These estimates were presented by market maker GSR. “Changes are already happening because Donald Trump has once again started supporting the industry. This has forced Democrats to soften their stance on digital […]

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ForkLog 22 27.06.2024

VanEck Files for Solana ETF, Boosting SOL Price

Investment firm VanEck has submitted a SEC application to register an exchange-traded fund based on the cryptocurrency Solana (SOL). According to the application, the VanEck Solana Trust will track the performance of the network’s native token using the Solana Benchmark Rate index from MarketVector Indexes. This benchmark represents aggregated data from five leading centralized trading […]

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ForkLog 19 27.06.2024

State Street and Galaxy Digital to Launch Actively Managed Crypto ETF

Investment management divisions of State Street Corporation and Galaxy Digital Holdings have jointly filed for the launch of an actively managed exchange-traded fund (ETF). Galaxy and @StateStreetGA are collaborating to bring investors the next generation of digital asset-based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and […]

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ForkLog 5 27.06.2024

SEC May Approve Ethereum ETF by July 4, Reports Suggest

The U.S. Securities and Exchange Commission (SEC) could approve spot ETH-ETFs as early as July 4, as discussions between issuers and the regulator have reached their final stage, according to Reuters, citing sources. Executives from the issuers, who wished to remain anonymous, stated that the process of amending applications has progressed to resolving “minor” issues. […]

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ForkLog 6 26.06.2024

Inflow Resumes in Spot Bitcoin ETFs After Seven-Day Outflow

On June 25, inflows into BTC-ETFs amounted to $31.01 million, according to SoSoValue. This follows a seven-day period of negative trends during which investors withdrew $1.13 billion. Data: SoSoValue. On June 25, clients withdrew $30.3 million from Grayscale’s GBTC. The situation was balanced by inflows into Fidelity’s FBTC ($48.8 million), Bitwise’s BITB ($15.2 million), and […]

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