VanEck’s Bitcoin ETF launched on Australia’s main stock market on Thursday with A$990,000 ($660,429) in assets. After three years of talks, it trades on the Australian Securities Exchange, investing in the U.S.-listed VanEck Bitcoin Trust. VanEck’s European arm manages 12 similar funds. U.S. cryptocurrency ETFs saw huge investments after regulatory approval in January, while Hong…
Ethereum (ETH), the top smart contract platform, has been significantly affected by Bitcoin’s (BTC) decline. The potential approval of a spot ETF in Ethereum had led to a price increase. While a similar rise was expected in Ethereum, as seen with Bitcoin recently due to the spot ETF effect, what is the current situation with…
As the US Securities and Exchange Commission (SEC) moves forward with approving spot Ethereum exchange-traded funds (ETFs), industry leaders are now considering whether Solana could be the next candidate. Many experts speculate that Solana may indeed be the next in line for an ETF approval, citing its increasing prominence within the cryptocurrency market. Speculation and…
In a major change in regulations, the US Securities and Exchange Commission (SEC) has partially approved the highly anticipated Ethereum ETF filings from well-known asset managers like BlackRock and Grayscale, submitted three weeks ago. SEC Chairman Gary Gensler has mentioned that full approval for these Ethereum ETFs might happen by the end of the summer,…
The Shiba Inu (SHIB) community is determined to secure its own exchange-traded fund (ETF). They launched a petition on Change.org aimed at Grayscale Investments. Currently, the petition has gathered 10,453 signatures and is rapidly approaching its goal of 15,000 signatures, with 677 signatures added today alone. Support Surge for SHIB ETF Petition The recent surge…
The US Securities and Exchange Commission (SEC) has received an application for a spot Ethereum exchange-traded fund (ETF) from asset manager ProShares. This follows ProShares’ submission to list and trade spot Ethereum ETF shares on the New York Stock Exchange (NYSE) on June 6. The SEC has acknowledged ProShares’ application for a spot Ethereum (ETH)…
Vanguard has restated its decision not to offer spot Ethereum ETFs, maintaining a cautious stance towards cryptocurrency products. This comes despite the US Securities and Exchange Commission (SEC) approving spot Ethereum exchange traded funds. Vanguard remains firm against spot Ethereum ETFs, prioritizing traditional assets like equities, bonds, and cash for long-term investment portfolios. The firm’s…