ETF | ForkLog - Part 42

ForkLog 25 15.04.2024

Hong Kong Regulator Approves Bitcoin and Ethereum Spot ETFs

The Hong Kong Securities and Futures Commission (SFC) has approved applications from Boshi International, HashKey Capital, China Asset Management, and Harvest Investment to launch spot Bitcoin and Ethereum ETFs. Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong […]

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ForkLog 28 12.04.2024

Hong Kong’s Bitcoin ETF Demand Could Reach $25 Billion, Says Matrixport

If spot exchange-traded funds (ETFs) based on the leading cryptocurrency are launched in Hong Kong, demand from Chinese investors could reach $25 billion, according to a report by CoinDesk citing Matrixport. “The likely approval of a Hong Kong-listed bitcoin ETF will attract several billion dollars of capital, as market participants from mainland China will take […]

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ForkLog 20 12.04.2024

Peter Schiff Predicts Bitcoin’s Collapse Due to ETFs

Peter Schiff, President of Euro Pacific Capital, explained on Patrick Bet-David’s podcast how Bitcoin will face “the biggest crash in history,” leading MicroStrategy to bankruptcy. A well-known critic of the leading cryptocurrency, Schiff described it as a Ponzi scheme lacking intrinsic value. According to him, Bitcoin’s price rises solely due to hype and the greater […]

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ForkLog 4 10.04.2024

Spot Bitcoin ETF Trading Volume Surpasses $200 Billion

In the three months following their launch, the cumulative trading volume of spot exchange-traded funds (ETFs) based on the leading cryptocurrency has exceeded $200 billion, according to data from The Block Data. The figure for March nearly doubled, setting a record at $111 billion for the month. According to SoSoValue, on April 9, the trading […]

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ForkLog 11 10.04.2024

VanEck and CoinShares CEOs Doubt Imminent Approval of Ethereum ETF

Executives from companies that have received approval from the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF are pessimistic about the emergence of an Ethereum-based instrument, reports CNBC. VanEck CEO Jan van Eck anticipates that the agency will deny the launch of the product in May, when the first deadline for a […]

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ForkLog 7 09.04.2024

Ethereum Surges 8% Amid Robust Network and Market Activity

The price of the second-largest cryptocurrency by market capitalization increased by nearly 8% in a day—from $3400 to $3650—amid growing optimism among traders and anticipation of exchange-traded funds. 15-minute ETH/USDT chart on Binance. Data: TradingView. In daily dynamics, the asset outperformed Bitcoin and other close competitors. ETH is trading 24% below its all-time high. According […]

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ForkLog 7 07.04.2024

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is expected to eventually approve spot ETFs based on the second-largest cryptocurrency by market capitalization. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou in a conversation with The Block. “If there is no approval of spot ETH-ETFs by May, we anticipate a legal process. It is most likely […]

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ForkLog 7 03.04.2024

Bitcoin ETF Trading Volume Reaches $111 Billion in March

March marked a record high for spot Bitcoin ETF trading volumes, nearly tripling from the previous month—from $42 billion to $111 billion. MARCH MADNESS: Bitcoin ETFs traded $111b in March, which is just about triple what they did in Feb and Jan. I added the months where only GBTC was on market for further context. […]

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ForkLog 19 02.04.2024

Bitcoin ETF Outflows Resume: IBIT and FBTC Inflows Fail to Counter GBTC Impact

On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale’s GBTC, which saw $302.6 million in client funds withdrawn, according to SoSoValue. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $165.85 million, while Fidelity’s FBTC saw $44 million. This was […]

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ForkLog 13 30.03.2024

ConsenSys Urges SEC to Approve Spot Ethereum ETFs

The company behind the cryptocurrency wallet MetaMask, ConsenSys, has sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the approval of spot Ethereum ETFs. In our comment letter to the SEC on ETH ETF approval, “We urge the Commission to recognize the advanced safeguards inherent in Ethereum’s design”. ? https://t.co/agfLYbl1Vt — Consensys […]

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ForkLog 29 28.03.2024

Kerrisdale Capital Labels MicroStrategy Shares as Overvalued

Investment firm Kerrisdale Capital has described MicroStrategy shares as overvalued in its research report.

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ForkLog 28 28.03.2024

BlackRock’s Bitcoin Holdings Surpass $17 Billion

The volume of bitcoins acquired by BlackRock’s Shares Bitcoin Trust (IBIT) has increased to 245,951 BTC (~$17.47 billion) after 11 weeks of trading, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) holds 143,720 BTC ($10.21 billion), according to data from BuyBitcoinWorldwide. In third place among competitors, the GBTC — ARK 21Shares Bitcoin ETF (ARKB) — has […]

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