BlackRock’s Mitchnick says that other altcoins, like Solana and XRP, might not be ready for ETF approval due to issues with maturity and liquidity. He also mentioned that regulatory concerns and the SEC’s reluctance make it difficult for more crypto ETFs to be approved. However, Nate Geraci disagrees, pointing out that Europe already has several…
BlackRock’s Ethereum ETF has generated significant interest but faced outflows affecting Ethereum’s price. Analysts are watching how these changes impact crypto investment trends. The ETF launch has been volatile, with mixed market reactions. The current drop in Ethereum’s price might be temporary, and its long-term effects are still uncertain. BlackRock Ethereum ETF Sees Initial Surge…
On Wednesday, July 24, Bitcoin (BTC) dropped by 0.75%, ending the day at $65,398. This decline followed a 2.52% drop the day before, on Tuesday, July 23. Ongoing concerns about oversupply are affecting BTC’s demand. On Thursday, July 25, it’s important to pay attention to updates related to Mt. Gox and trends in the US…
ETF analyst James Seyffart reported that Ethereum exchange-traded funds (ETFs) attracted $107 million in inflows on their first day. As anticipated, BlackRock’s iShares Ethereum Trust (ETHA) leads with $258.6 million in inflows. Fidelity’s Ethereum Fund (FETH) follows in second place with $137.9 million. Ethereum ETFs Debut with Strong Inflows; Grayscale Faces Outflows The Bitwise Ethereum…
Today’s launch of spot Ethereum ETFs is a big event for the cryptocurrency market. With several new ETFs beginning trading in the U.S., there is a lot of excitement among crypto enthusiasts. They think these ETFs could draw more investors to Ethereum and offer a new investment opportunity in blockchain technology, which many believe has…
Status (SNT) is demonstrating strong potential, driven by anticipation around Ethereum ETFs. On Tuesday, the cryptocurrency experienced a dramatic increase in trading volume, surging by over 1,100% to reach $189 million. Despite this spike, analysts observe that the Ethereum ETFs’ launch has had a relatively subdued impact, with prices expected to dip before seeing a…
On July 22, Grayscale transferred $1 billion worth of Ether to Coinbase, marking its preparation for the launch of spot Ether exchange-traded funds (ETFs) in the United States. This significant move comes just a day before the anticipated start of trading for the first spot Ether ETFs on July 23. Following this transfer, around 10%…
The President of The ETF Store has indicated that issuers might soon apply for a new ETF combining Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Solana, now the fifth-largest cryptocurrency by market cap, is increasingly seen as part of the crypto industry’s Big Three alongside Bitcoin and Ethereum. With Bitcoin and Ethereum either having or…
The cryptocurrency market is approaching a critical week, influenced by several important factors. A major point of focus is the forthcoming decision by the U.S. Securities and Exchange Commission (SEC) regarding the Spot Ethereum ETF. An expert has highlighted that this decision could cause significant shifts in market trends and impact investor confidence. Key Market…
BlackRock’s iShares Bitcoin Trust (IBIT) saw a major inflow of $102.7 million, showing strong market confidence. This positive development contrasts with recent negative trends in the broader crypto market. Thomas Fahrer points out that BlackRock’s large Bitcoin purchases reflect growing interest from institutional investors. BlackRock’s iShares Bitcoin Trust Sees $102.7M Inflow Amid Market Trends On…
Grayscale has announced a significant fee reduction for its Ethereum Mini-Trust, cutting the fee to 15 basis points. Additionally, the trust will offer a complete fee waiver for inflows up to $2 billion or for a period of six months. With just four days remaining before the launch of its spot Ethereum ETF, Grayscale’s adjustments…
BlackRock, Franklin Templeton, and VanEck are set to launch Ether ETFs, with Bitwise projecting $15 billion in inflows for these new funds within the next 18 months. The SEC has given preliminary approval to three asset managers for their spot Ether ETFs, which may start trading next Tuesday. The final step is for these firms…
BlackRock has hit a record $10.6 trillion in assets under management (AUM), driven by strong ETF inflows at the start of the year. This represents a $1.2 trillion increase from the previous year. The world’s largest asset manager attributed the milestone to the rising popularity of exchange-traded funds (ETFs). BlackRock Achieves Record ETF Inflows and…
The demand for spot Bitcoin ETFs in the United States has surged, indicating a growing interest in regulated crypto investments. Recent trends reveal the significant influence of BlackRock and Fidelity in shaping the cryptocurrency ETF market. In contrast, Grayscale has experienced recent net outflows, signaling a competitive landscape with shifting investor preferences. This rising popularity…
Issuers of the spot Ethereum ETF are set to submit their S-1 forms by Monday, allowing the SEC to review them once again. ETF Store President Nate Geraci anticipates that approval could come within the next two weeks. Ethereum (ETH) price is facing significant selling pressure as the anticipated approval of spot Ethereum ETFs approaches….
On Friday, June 28, VanEck made a significant update to its Bitcoin Trust by appointing Coinbase as an additional custodian for its HODL Bitcoin ETF. This agreement includes specific terms and safeguards to protect the ETF’s Bitcoin holdings. This move is a major achievement for Coinbase, which is already the custodian for eight other Spot…
Bitcoin’s performance is being overshadowed by Ether and Solana as excitement around US cryptocurrency exchange-traded funds shifts to these smaller digital assets. Solana saw its biggest surge in over a month on Thursday after fund manager VanEck applied to start an ETF for the token. Ether has outperformed Bitcoin this year as final approvals for…
VanEck and Franklin Templeton are the only companies that have announced their fees for spot Ethereum ETFs. Other companies are waiting to see what BlackRock decides before making their move. On Tuesday, June 25, VanEck filed Form-8A for its spot Ethereum ETF and also revealed that it would waive the ETF fees until 2025 or…
The Korea Institute of Finance’s latest report on spot crypto ETFs states that these funds may weaken the local economy. Currently, South Korean regulators prevent local issuers from launching crypto ETFs. South Korea’s financial research institution reported that introducing spot crypto exchange-traded funds (ETFs) will likely cause more problems than benefits for the country’s economy….
The price of Ethereum (ETH) dropped by another 3.72% on Sunday, June 23, due to a general market correction. Despite this drop, it might be a good time to buy ETH at a low price, as its value could soon go up. This is because spot Ethereum ETFs are expected to start in just two…