In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the…
Coinbase has come under scrutiny regarding the transparency of its cbBTC, a newly introduced wrapped Bitcoin product on the network. BlackRock’s role in Coinbase’s cbBTC project has been cited as one of the elements that could help regain the confidence. BlackRock Involvement Boosts Trust in cbBTC Amid Skepticism As noted by Bloomberg senior ETF analyst…
Bitcoin ETFs saw a jump in net buying on Friday, totaling $263 million, the greatest single-day inflow since July 22. This performance was fueled by a 12% gain in Bitcoin’s value, with one day seeing it surpass $60,000. Fidelity’s Bitcoin (FBTC) saw a $102 million inflow, boosting its weekly profits to almost $218 million. Other…
The prominent cryptocurrency asset manager said on Thursday that it has launched a new Trust that will track the performance of Ripple’s native token (XRP). Given its history of converting other Trusts (BTC and ETH) into spot ETFs, the question arises about whether the new product will put Ripple on the fast track toward an…
Grayscale has introduced a new crypto investment trust fund for XRP, according to a Sept. 12 statement. Following the news, XRP’s value surged by 8%, reaching a multi-week high of $0.58, according to CryptoSlate’s data. XRP Trust The firm stated that the XRP Trust operates similarly to its other single-asset investment trusts, focusing exclusively on…
Ethereum’s price drops 1.32%, trading at $2,337.21 amidst significant market activity. Ethereum ETFs see $11.44M inflow after five days of net outflows. Ethereum is trading at $2,329, according to CMC data, reflecting a slight decrease of 1.32% over the last 24 hours. Ethereum, the second-largest cryptocurrency by market capitalization, has faced notable pressure amid broader…
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S….
Ethereum spot ETFs saw a total net outflow of $5.984 million on September 6, according to Sosovalue data. Liquidity challenges continue for Ethereum ETFs, with a 20% drop in U.S. market depth, as per Sosovalue reports. Recently, Sosovalue reported a total net outflow of $5.984 million in Ethereum spot ETFs. Grayscale’s ETHE ETF experienced a…
A significant surge in cryptocurrency adoption has been seen globally in the past few months. As per speculation, the growth is fueled by the approval of spot ETFs of Bitcoin and Ethereum in 2024. According to recent information, Wisdom Tree, a known asset manager, has withdrawn its Ethereum Trust S-1 filing. Additionally, in an initial…
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The firm also noted the recent approval of its spot Ethereum ETP, ETHV, by the US…
The Dogecoin Foundation has released a trail map of its journey. In a post on X, the foundation shared an image depicting the journey of how it achieved its objective. Dogecoin Evolves From Meme Coin to Payment Option The first step in the trail map detailed Dogecoin’s (DOGE) early days as the first “dog-themed coin”…
Monochrome Asset Management has filed to list an Ethereum exchange-traded fund (ETF) on Cboe Australia under the ticker IETH, as announced on Sept. 5. The ETF aims to offer retail investors a regulated way to gain exposure to Ethereum. It will also be a dual-access fund, allowing investors to request cash or in-kind redemptions. The…
BlackRock has introduced its Ethereum Exchange-Traded Fund (ETF) with the ticker symbol ETHA39 on Brazil’s B3 stock exchange. This enables Brazilian investors to gain exposure to Ethereum by investing in Brazilian Depositary Receipts (BDRs). This action represents a noteworthy advancement in the worldwide use of crypto, establishing Brazil as a leader in this emerging phenomenon….
Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s…
The U.S. Bitcoin ETFs are experiencing significant outflows, with ARK 21Shares Bitcoin ETF seeing a notable outflow of $101.97M. Bitwise Asset Management announced the acquisition of Osprey Bitcoin Trust, signalling a consolidation in the Bitcoin ETF market. The broader cryptocurrency market has also suffered, losing over $144 billion intraday. The Bitcoin exchange-traded funds (ETFs) in…
BlackRock is expanding its dominance in the cryptocurrency market with the launch of Ether Spot ETF in Brazil. According to additional information, BlackRock’s Ethereum ETF will begin trading on August 28, 2024, with the ‘ETHA39’ name. The interest investors can trade ETHA39 as a Brazilian Depositary Receipt. BlackRock, a leading asset manager, is constantly exploring…
A study finds that the number of crypto millionaires and centi-millionaires surged significantly compared to 2023. To date, 325 holders have crypto holdings worth $100 Million. The launch of ETFs and other products significantly boosts the surge in millionaires. The growing popularity of cryptocurrencies has attracted traditional financial giants like BlackRock and individual investors, who…
August 22, 2024 at 01:30 PM GST 2 mins read News Ethereum ETFs are seeing good inflows as big investors look for a bet on the second cryptocurrency. The leading ETF provider, BlackRock, has paved for the Ethereum market higher adoption and competition in the ETF market. The fund with the largest market share for…
Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand Craters Amid Weak Market Signals Bitcoin demand has seen a significant decline since early…
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set…
The SEC has put a halt to Solana SOL ETF filings, delaying the process of approval for the new exchange-traded funds. The regulator recently raised concerns about Solana’s classification as a security. This led to the withdrawal of 19b-4 filings for Solana ETFs from the Cboe BZX exchange. Both VanEck and 21Shares have seen their…
Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. Hougan highlighted the increased interest in his latest Aug. 20 note to investors, where he stated: “Bitcoin’s price fell 12% in Q2 2024 and many wondered if…
SEC rejected Cboe’s Solana ETF filings over security concerns. 21Shares paused efforts; VanEck’s Solana ETF application still active. The U.S. Securities and Exchange Commission (SEC) has rejected Cboe BZX’s 19b-4 filings for two proposed spot Solana ETFs, according to the reports. This decision led to the removal of the filings from the Cboe website and…
The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the…
Grayscale Bitcoin spot ETF saw a massive net outflow of $19.65 Billion, as per CoinAnk. “BITB” spot ETF saw an outflow of $25.70 Million, followed by “BITCO” spot ETF $8.80 Million. “IBIT” holds 350.52k Bitcoins, making it the leading holder in the category, followed by Grayscale 229.18k BTC. Since its launch, Bitcoin spot ETF have…
Meanwhile, the details of the purchase agreement are still unknown. Bitwise will be tasked with managing up to $4.5 billion in AUM once completion. Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC…
Investment advisors increased their Spot BTC ETF holdings by 3% to 9% in Q2 2024. Hedge fund investments in BTC ETFs declined as funds shifted to BTC futures. Despite the dip in BTC price, the ETFs saw $2.4 billion in net inflows from institutional investors. Investment advisors have significantly increased their holdings in Spot Bitcoin…
MicroStrategy ETF MSTX has seen a sharp increase in trading volumes. South Korea’s recent investment in Microstrategy stocks reflects a strong demand for the company’s shares. MicroStrategy ETF, MSTX, has recently experienced a significant increase in trading volumes. It is driven by the increased volatility in the cryptocurrency and tech markets. Known for its heavy…
As of August 16, 2024, Grayscale Ethereum Trust (ETHE) suffered a negative inflow of $27.7 Million, as per SoSoValue. The Ether spot ETF by BlackRock recorded the highest intraday inflow of $10.33 Million. The total net assets of the US Bitcoin spot ETFs is $54.35 Billion, roughly 4.56% of BTC’s market capitalization. Ethereum displayed sharp…