ETF | ForkLog - Part 51

ForkLog 23 17.01.2024

Morgan Creek CEO Skeptical of Imminent Approval for Spot Ethereum ETFs

SEC is unlikely to approve spot Ethereum ETFs in the near future, despite optimism following the approval of similar Bitcoin products in the U.S. This was stated by Morgan Creek Capital CEO Mark Yusko in an interview with Cointelegraph. Previously, Bloomberg exchange analyst Eric Balchunas suggested a 70% likelihood of approval for several Ethereum fund […]

AI translated

ForkLog 68 16.01.2024

Arthur Hayes Explores Arbitrage Opportunities Following Bitcoin ETF Launch

The approval of a Bitcoin ETF in the United States has paved the way for a range of strategies at the intersection of the cryptocurrency market and TradFi. This was highlighted by former BitMEX CEO Arthur Hayes in his blog post. Opportunities will arise in the following areas: the process of creating and redeeming ETFs; […]

AI translated

ForkLog 12 16.01.2024

Bitcoin Correction Attributed to ETF Approval Sell-off, Say Analysts

Cumulative Volume Delta (CVD) of digital gold on leading platforms turned negative following news of spot Bitcoin ETF approval, according to Kaiko. Analysts pointed to a “sell the news” scenario. They noted that an hour before the US market opened, net purchases on Binance reached nearly 3000 BTC, but the buyers’ advantage was short-lived. Positive […]

AI translated

ForkLog 27 16.01.2024

Experts Highlight Risks of Spot Bitcoin ETFs

Spot Bitcoin ETFs have opened a channel for large capital inflow into the industry, but also introduced new risks. Traditional financial practices could pose a threat to the ecosystem of the first cryptocurrency. TradFi players might attempt to influence the network’s development, though this is unlikely. The approval of spot Bitcoin ETFs by the SEC […]

AI translated

ForkLog 22 15.01.2024

Greenpeace Criticizes Approval of Bitcoin ETF in the US

The international environmental organization Greenpeace has criticized the decision by the US Securities and Exchange Commission (SEC) regarding spot Bitcoin ETFs. Our statement on the @SECGov‘s #Bitcoin ETF approvals. This is a win for Wall Street executives but a loss for the climate and society. It is incumbent on @BlackRock & @Fidelity to play an […]

AI translated

ForkLog 12 15.01.2024

JPMorgan Predicts Shift from GBTC to Other Bitcoin ETFs

Registered spot Bitcoin ETFs could attract up to $36 billion from other crypto products like the Grayscale Bitcoin Trust (GBTC), according to a forecast by JPMorgan, reports CoinDesk. Analysts did not provide an estimate for “fresh” inflows into these instruments. They described the market’s reaction to the decision by the SEC to approve the products […]

AI translated

ForkLog 11 15.01.2024

Crypto Fund Investments Near Record High Amid ETF Launch

Inflows into cryptocurrency investment products from January 6 to 12 rose to $1.19 billion, approaching the historical peak of $1.5 billion during the launch of futures ETFs in October 2021, according to a report by CoinShares. Data: CoinShares. Trading volumes reached an all-time high of $17.5 billion. For comparison, in 2022, the average figure was […]

AI translated

ForkLog 20 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

AI translated

ForkLog 19 14.01.2024

Analysts Doubt Imminent Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve an ETF based on the spot price of Ethereum in the near future, according to analysts from investment bank TD Cowen, reports The Block. “We expect the SEC will not approve an ETP for other tokens soon, as it will want to study the […]

AI translated

ForkLog 135 14.01.2024

Tom Lee Predicts Bitcoin Surge to $500,000 Within Five Years

The price of the leading cryptocurrency is expected to reach $150,000 by the end of 2024 and $500,000 within the next five years, according to Tom Lee, co-founder of the analytical firm Fundstrat, in an interview with CNBC. “I think in the next 12 months [bitcoin will trade] above $100,000. Maybe above $150,000,” the expert […]

AI translated

ForkLog 25 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

AI translated

ForkLog 18 12.01.2024

SEC Commissioner Criticizes Approval of Spot Bitcoin ETFs

The decision by the SEC to approve exchange-traded funds based on the spot price of Bitcoin is “unjustified and anti-historical,” according to Commissioner Caroline Crenshaw. She stated this in a recent announcement. “It sets us on the wrong path of neglecting investor protection. I cannot agree that these actions serve our legislative or core mandates, […]

AI translated

#ETF