ETF | ForkLog - Part 41

ForkLog 91 30.04.2024

Hong Kong Launches Spot Bitcoin and Ethereum ETFs

On April 30, the Hong Kong Stock Exchange (HKEX) officially commenced trading of six spot ETFs based on Bitcoin and Ethereum. The issuers are China Asset Management, Harvest Global, Bosera, and HashKey. The instruments have been assigned the following tickers: Bosera HashKey Bitcoin ETF (3008.HK); Bosera HashKey Ether ETF (3009.HK); ChinaAMC Bitcoin ETF (3042.HK); ChinaAMC […]

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ForkLog 21 29.04.2024

Bernstein Sees Bitcoin ETF Inflow Slowdown as Temporary

Bernstein maintains a $150,000 target for Bitcoin amidst a slowdown in BTC-ETF inflows. Analysts find Ethereum an attractive buy, anticipating approval of an exchange-traded fund based on it after May 23. Experts forecast a threefold increase in cryptocurrency market capitalization over the next 18-24 months. The slowdown in Bitcoin ETF inflows is expected to be […]

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ForkLog 12 29.04.2024

Australia Poised for Bitcoin ETF Approval, Bloomberg Reports

The Australian Securities Exchange (ASX) may commence trading of spot exchange-traded funds (ETFs) based on the leading cryptocurrency by the end of 2024, according to Bloomberg. Applications for these products have been submitted by asset managers VanEck Australia, BetaShares, and DigitalX. Justin Arzadon, head of digital assets at BetaShares, stated that the firm is preparing […]

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ForkLog 21 25.04.2024

SEC Likely to Reject Ethereum ETF Applications, Say Reports

Asset managers and other firms anticipate that the U.S. Securities and Exchange Commission (SEC) will reject applications for spot Ethereum ETFs following “disappointing” discussions, according to Reuters. Sources indicate that during infrequent meetings with the SEC, issuers argued that the Ethereum futures ETFs approved in October 2023 set a precedent for spot products. Regulatory staff […]

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ForkLog 17 25.04.2024

Morgan Stanley Considers Promoting Bitcoin ETFs to Clients

Morgan Stanley is contemplating allowing 15,000 of its brokers to recommend investments in spot bitcoin ETFs to clients, according to sources cited by AdvisorHub. Sources indicate that the institution is laying the groundwork for recommendation-based purchases, including risk tolerance requirements, allocation limits, and trading frequency restrictions. The timeline for policy changes remains unspecified. In February, […]

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ForkLog 29 24.04.2024

Hong Kong to Launch Bitcoin ETF Trading on April 30

Trading of the spot Bitcoin ETF, launched by Bosera Capital and HashKey Capital on the Hong Kong Stock Exchange, will commence on April 30. This information comes from firm representatives, as reported by Bloomberg. On April 15, the Hong Kong Securities and Futures Commission approved applications from Boshi International, HashKey Capital, China Asset Management, and […]

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ForkLog 18 24.04.2024

Standard Chartered Doubts May Approval for Spot ETH-ETFs

Investment bank Standard Chartered has revised its optimistic forecast regarding spot Ethereum-ETFs, now expressing doubt that the SEC will approve the instrument in May. This was reported by CoinDesk citing the company’s report. Previously, analysts anticipated a positive decision on the exchange-traded funds based on the second-largest cryptocurrency by market capitalization by May 23. “The […]

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ForkLog 23 23.04.2024

SEC Extends Review Period for Franklin Templeton’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has extended the review period for the application to launch a spot Ethereum ETF by investment firm Franklin Templeton. This was reported on the agency’s website.

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ForkLog 8 23.04.2024

BlackRock’s Spot Bitcoin ETF Sees 70 Consecutive Days of Inflows

Inflows into BlackRock’s IBIT have reached 70 consecutive days, placing the product among the top ten exchange-traded funds with the longest streaks of daily inflows. Bloomberg analyst Eric Balchunas highlighted this achievement. $IBIT inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties $JETS (a streak I was […]

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ForkLog 10 18.04.2024

Grayscale Foresees Approval of Altcoin-Based ETFs

Within the next two to three years, the SEC is expected to approve spot exchange-traded funds based on cryptocurrencies other than Bitcoin and Ethereum. This prediction comes from David LaValle, head of Grayscale’s global ETF division, as reported by The Block. The topic was discussed by participants at a round table hosted by the NYSE […]

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ForkLog 16 16.04.2024

Grayscale’s Bitcoin Fund Halves in Value

The crypto assets of Grayscale Investments’ GBTC have nearly halved in value approximately three months after conversion into a spot ETF. Data: Coinglass. Unlike other issuers such as BlackRock or Fidelity, the company’s investment structure launched on the New York Stock Exchange, operating with approximately 619,220 BTC. According to Coinglass, the volume of cryptocurrency held […]

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ForkLog 19 16.04.2024

Analyst Questions Prospects for Spot Bitcoin ETFs in Hong Kong

Cryptocurrency ETFs listed in Hong Kong would be “lucky” to attract a total of $500 million, according to Bloomberg analyst Eric Balchunas. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching next wk so to not compete w Dubai conf. Don’t expect a lot […]

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