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Fidelity Omits Staking From Spot Ethereum ETF Proposal 

Fidelity Omits Staking From Spot Ethereum ETF Proposal Amid growing speculation about the potential approval of spot ethereum exchange-traded funds (ETFs), Fidelity Investments has revised its ether ETF filing, omitting all staking features previously included in the proposal. This update follows reports that ETF issuers were allegedly instructed to revise their 19b-4 filings with the U.S. Securities and Exchange Commission (SEC). Fidelity Alters […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

US Bitcoin ETFs See 4 Days of Inflows, Blackrock’s IBIT Nears GBTC’s Reserve Levels

US Bitcoin ETFs See 4 Days of Inflows, Blackrock’s IBIT Nears GBTC’s Reserve LevelsOn Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth day of inflows, accumulating $257.3 million. Grayscale’s Bitcoin Trust (GBTC) also experienced its fourth day of inflows, gaining $4.6 million during the trading sessions. Spread Between IBIT and GBTC Bitcoin Reserves Grows Thinner U.S. spot bitcoin ETFs continued their streak this week with four […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting 3M on WednesdayU.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw inflows of approximately $27 million during […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

US Bitcoin ETFs See $166.5M Inflows in Early Week Trading Sessions

US Bitcoin ETFs See 6.5M Inflows in Early Week Trading SessionsU.S. spot bitcoin exchange-traded funds (ETFs) experienced two consecutive days of net inflows on Monday and Tuesday, totaling $166.5 million across both sessions. U.S. Bitcoin ETFs Record 2 Days of Net Inflows The week began positively for U.S. spot bitcoin ETFs, with notable inflows seen during the initial two trading days. On Monday, the collective […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal

Ark Invest Removes Staking Option From Latest Ethereum ETF ProposalArk Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging trusted staking providers to manage part of the trust’s assets. Ark Invest and 21shares Modify Ethereum ETF Proposal, Omit Staking […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

ARK and 21Shares drop staking plans from Ethereum ETF proposal

Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.

ARK Invest and 21Shares have removed staking plans from their updated spot Ether exchange-traded fund proposal.

In the updated filing submitted on Friday, May 10, the clause stating 21Shares would stake a portion of the fund’s assets through third-party providers was removed. It previously said, “Sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.”

In their Feb. 7 filing, the companies included a clause stating that 21Shares anticipated receiving ETH as a reward for staking and intended to classify the resulting earnings as income generated by the fund.

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Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs

GBTC’s Heavy Withdrawals Result in Net .3M Outflow in US Bitcoin ETFsThe U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday, significant outflows from Grayscale’s Bitcoin Trust (GBTC) eclipsed these gains. Grayscale’s Losses Contrast With Gains On Thursday, GBTC experienced outflows that […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains

Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other GainsFollowing two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading sessions, overshadowing the break-even and positive reports from the other spot bitcoin funds. Fidelity, Ark Invest, Invesco Report Gains While GBTC Struggles […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows

Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s OutflowsAccording to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. US Spot Bitcoin ETFs […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report

Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report

ARK Invest CEO Cathie Wood is reportedly raising her price target for Bitcoin (BTC) based upon an assumption of greater institutional investment in the top digital asset by market cap. According to a new report from Benzinga, Wood’s latest prediction is that Bitcoin will soar to $3.8 million by 2030 if institutions decide to allocate […]

The post Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report appeared first on The Daily Hodl.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital