ETF | ForkLog - Part 38

ForkLog 5 03.06.2024

Cryptocurrency Inflows Reach $2 Billion in May

Inflows into cryptocurrency investment products amounted to $185 million from May 25 to 31, with a total of nearly $2 billion for the entire month, according to calculations by CoinShares. This positive trend has continued for the fourth consecutive week. Year-to-date inflows have exceeded $15 billion. Data: CoinShares. Trading volumes for ETP fell from $13 […]

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ForkLog 11 03.06.2024

CBOE Australia to Launch Spot Bitcoin ETF Trading

On June 4, trading will commence for the spot Bitcoin ETF by Monochrome Asset Management on CBOE Australia. This follows the issuer’s receipt of an AFS license from the Australian Securities and Investments Commission, reports Cointelegraph. The Monochrome Bitcoin ETF (IBTC) is the first and only product based on the leading cryptocurrency to be registered […]

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ForkLog 8 03.06.2024

Ethereum Withdrawals Surge Following ETF Approval

Between May 23 and June 2, the total exchange balance of Ethereum decreased by 797,000 ETH ($3 billion), according to data from CryptoQuant. This indicates a reduction in the number of coins available for sale, as investors transfer assets to non-custodial wallets. On May 23, the U.S. Securities and Exchange Commission began discussing the S-1 […]

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ForkLog 8 01.06.2024

Ethereum ETF Issuers Submit Revised Applications to SEC

Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC. 21Shares has revised its ETH-ETF application, excluding ARK Invest. JPMorgan analysts predict low demand for ETH-ETF. Companies Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC for the registration of spot Ethereum-ETFs following a request from […]

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ForkLog 25 30.05.2024

Fidelity’s Spot Ethereum ETF Listed by DTCC

Fidelity’s spot Ethereum ETF has been listed by DTCC. BlackRock has submitted an updated S-1 form. Cathie Wood described the SEC’s approval of spot Ethereum funds as a political decision. The Depository Trust & Clearing Corporation (DTCC) has listed a spot price-based Ethereum exchange-traded fund by Fidelity Investments. The product, named Fidelity Ethereum FD Beneficial […]

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ForkLog 15 29.05.2024

BlackRock’s Spot Bitcoin ETF Surpasses Grayscale in AUM

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed GBTC from Grayscale in assets under management (AUM). With a figure of $19.68 billion, the Wall Street giant’s instrument has become the largest in the segment. GBTC and IBIT metrics. Data: SoSoValue. By the end of trading on May 28, IBIT gained $103 million, while GBTC recorded […]

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ForkLog 28 28.05.2024

Bernstein Predicts Crypto ETF Market Surge to $450 Billion

The combined value of exchange-traded funds based on Bitcoin and Ethereum is expected to rise to $450 billion within the next two years, according to a report by CoinDesk, citing Bernstein. “This implies that over the next 18-24 months, the crypto ETF market will see inflows exceeding $100 billion,” analysts explained. Experts also reaffirmed their […]

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ForkLog 20 28.05.2024

Cryptocurrency ETFs Amass Over 1 Million BTC Under Management

Thirty-two exchange-traded funds based on various digital assets have accumulated over 1 Nakamoto (~$70 billion) under management, representing about 5% of the total bitcoin supply. This was highlighted by MicroStrategy founder Michael Saylor. 32 #Bitcoin Spot ETFs now hold ~1 Nakamoto of $BTC pic.twitter.com/OpHridlymc — Michael Saylor⚡️ (@saylor) May 27, 2024 As of May 24, […]

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ForkLog 10 27.05.2024

JPMorgan Casts Doubt on SEC Approval of Solana-Based ETFs

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve spot exchange-traded funds (ETFs) based on Solana or other cryptocurrencies. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou, according to The Block. “We have doubts. The SEC’s decision to approve an ETF has been delayed, given the uncertainty about whether Ethereum should be classified […]

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ForkLog 23 27.05.2024

Ethereum Price Could Reach $4500, Predicts Expert

The price of Ethereum may rise to $4500 even before the launch of spot ETFs based on the cryptocurrency, according to Arthur Cheong, founder and CEO of DeFiance Capital. 4.5k before spot ETF go live for trading imo. — Arthur (@Arthur_0x) May 26, 2024 On May 23, the U.S. Securities and Exchange Commission (SEC) approved […]

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ForkLog 16 26.05.2024

Michael Saylor Highlights Ethereum-ETF’s Advantage for Bitcoin

Michael Saylor described the ETH-ETF as “another line of defense for Bitcoin” and noted “accelerated institutional adoption” thanks to the instrument. Bloomberg analysts predicted demand for ETH-ETF at 15-25% of exchange-traded funds based on the first cryptocurrency. Experts from TD Cowen suggested the emergence of an ETF on a “basket of crypto tokens” within a […]

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ForkLog 9 25.05.2024

JPMorgan: Approval of ETH-ETF Seen as Political Move Ahead of US Elections

JPMorgan analysts have described the SEC’s approval of spot Ethereum-ETFs as a political decision in the lead-up to the US presidential elections. This was reported by The Block. “We view this ETF approval and cryptocurrency in a broader sense as an increasingly political issue ahead of the US presidential elections in 2024. Therefore, we expect […]

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