ETF | ForkLog - Part 46

ForkLog 23 29.02.2024

Morgan Stanley Considers Offering Bitcoin ETFs on Brokerage Platform

Morgan Stanley is conducting due diligence on the potential addition of spot Bitcoin ETFs to its brokerage platform, according to sources cited by CoinDesk. The procedure was initiated following the approval of the instrument by the SEC. The publication noted that the involvement of broker-dealers like Morgan Stanley and large RIA networks will attract more […]

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ForkLog 19 29.02.2024

CoinShares: Bitcoin ETF Demand Surpasses Mining Output Threefold

The daily growth rate of digital gold reserves in spot bitcoin ETFs is 2800 BTC, while supply increases by only 900 BTC. These estimates were provided by CoinShares, as reported by The Block. The resulting demand shock has further reduced bitcoin balances on centralized exchanges. According to experts’ calculations, the decline from 2020 levels has […]

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ForkLog 12 28.02.2024

Tether CEO Predicts Wall Street’s Growing Investment in Bitcoin ETFs

Bitcoin is set to further integrate into TradFi as interest in Bitcoin-based ETFs grows among institutions and corporations, according to Tether CEO Paolo Ardoino, reports The Block. The executive estimates an increasing number of managers are willing to allocate up to 5% of their assets to digital gold. He predicted that following the attainment of […]

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ForkLog 38 27.02.2024

Bybit Identifies Ethereum as Leading Institutional Crypto Asset

The share of Bitcoin and Ethereum in institutional portfolios increased from 50% to 80%. Open interest in options for the second-largest cryptocurrency by market capitalization reached a new all-time high. The growth is linked to increased volatility, expectations for the Dencun upgrade, and prospects for ETF approval. Ethereum has taken the largest share among cryptocurrencies […]

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ForkLog 13 27.02.2024

Grayscale Bitcoin ETF Outflows Slow Down

As of February 26, the assets under management of the Grayscale Bitcoin Trust ETF (GBTC) amounted to $24.2 billion. Since its conversion into an exchange-traded fund, the structure has lost $7.5 billion in AUM. [1/3] Bitcoin ETF Flow — 26th Feb 2024 All data in. Strong day with $520m net inflow Total net inflow since […]

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ForkLog 14 27.02.2024

Spot Bitcoin ETF Trading Volume Hits Record $2.4 Billion

Trading volume of spot ETFs based on digital gold, excluding GBTC, reached a peak of $2.4 billion. BlackRock’s IBIT surged to $1.29 billion, making it attractive to institutional investors. Experts linked activity spikes in other products to high-frequency traders. On February 26, trading turnover of GBTC’s competitors reached a peak of $2.4 billion since the […]

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ForkLog 19 26.02.2024

Weekly Inflows to Crypto Funds Decline to $598 Million

Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by CoinShares. Net inflows since the beginning of the year have reached $5.76 billion—55% of the all-time high inflows recorded in 2021. The positive trend continued […]

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ForkLog 30 26.02.2024

Potential Easing of Crypto Regulations in South Korea Post-Elections

The government formed after the upcoming April elections in South Korea may ease certain regulations on digital assets, according to DL News. Journalists noted that the two main political parties — the People Power Party and the Democratic Party of Korea — are considering the approval of spot Bitcoin ETFs. Such plans diverge from the […]

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ForkLog 19 25.02.2024

Lawyer Predicts Timeline for Approval of Spot Ethereum ETF

If the U.S. Securities and Exchange Commission (SEC) does not approve a spot Ethereum ETF by May 2024, it is likely to do so by mid-2025, according to lawyer Scott Johnsson. SEC simultaneously issued initial comment letters on issuers’ BTC spot ETF reg statements on 9/29/2023. We saw amended S-1s show up about 2 weeks […]

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ForkLog 17 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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ForkLog 7 21.02.2024

Bitcoin ETFs: Industry Perspectives on Competition and Adoption

Nearly a month and a half has passed since the approval of spot exchange-traded funds based on the leading cryptocurrency. ForkLog has gathered opinions from industry representatives on the benefits and risks of this new instrument. 21Shares predicts high competition in the crypto fund market. The CEO of Crystal Intelligence noted increased adoption of digital […]

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ForkLog 133 21.02.2024

Ripple CEO Dispels Rumours About XRP-ETF

Ripple “welcomes” the emergence of exchange-traded funds (ETFs) based on XRP, but has yet to disclose specific plans, stated the company’s CEO, Brad Garlinghouse, in an interview with Bloomberg. When asked about negotiations with asset manager BlackRock regarding the issuance of an ETF, the head of the firm responded: “I will not comment on that. […]

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