Bitcoin ETFs Lose $116.9M as Ether Funds Stay Neutral in Pre-Election Trade

November 6, 2024 Bitcoin.com

Bitcoin

Recent figures reveal that the 12 spot bitcoin exchange-traded funds (ETFs) faced outflows totaling $116.9 million, making it a challenging session. Meanwhile, the nine ether ETFs remained in a steady state, showing neither gains nor losses during Tuesday’s trading. Mixed Results for Crypto ETFs While bitcoin hit a new all-time high on Nov. 5, earlier […]

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These crypto ETFs are ‘call options’ on the US elections

November 5, 2024 Coin Telegraph

bitcoin etf

The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.

The United States presidential election on Nov. 5 could determine the fate of more than half a dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators.

In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC), among others.

Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens.

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Spot Bitcoin ETFs Post Modest Gains – Which Funds Soared and Which Stumbled?

November 1, 2024 Bitcoin.com

Bitcoin

Spot bitcoin exchange-traded funds (ETFs) posted mild gains on Thursday, following a week packed with significant capital inflows. Thursday’s Crypto ETF action The 12 U.S.-based spot bitcoin ETFs collectively pulled in $32.14 million in fresh inflows during Thursday’s trading according to sosovalue.xyz stats. Leading the way, Blackrock’s IBIT saw a substantial intake with $318.8 million […]

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Crypto ETFs Quietly Amass Millions—Here’s What You Missed on Thursday

October 18, 2024 Bitcoin.com

Bitcoin

On Thursday, both the spot bitcoin and ethereum ETFs made headway, with the bitcoin funds pulling in the largest inflows. The 12 bitcoin funds collectively received $470.48 million, while the ether funds scooped up $48.41 million. Bitcoin and Ethereum ETFs See Significant Gains on Thursday Leading the charge, Blackrock, the world’s largest asset manager, snagged […]

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First major step taken toward XRP ETFs: CME director

October 16, 2024 Coin Telegraph

CME

After the launch of spot Bitcoin and Ether ETFs, investors await the potential debuts of XRP and Solana ETFs, which could significantly impact crypto markets.

Following the debut of the first cryptocurrency-based exchange-traded funds (ETFs) in the United States, investors are now anticipating the next digital asset trading product.

When asked about the possibility of an XRP (XRP) ETF, Tim McCourt, senior managing director at CME Group, said the first major step had been taken.

During a panel discussion at Ripple Swell 2024, McCourt said:

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Understanding the Difference Between Spot and Futures Crypto ETFs

August 26, 2024 Bitcoin.com

Bitcoin

This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […]

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State Street eyes blockchain leap with stablecoin, deposit token: Report

July 17, 2024 Coin Telegraph

asset manager

The global asset manager may be on its way to the forefront of settlement technology.

According to a report, State Street has taken a serious interest in blockchain settlement technology. The global asset manager has been moving slowly into the crypto space, but it may be making a big leap soon.

An unnamed Bloomberg source said State Street is considering creating its own stablecoin and deposit token. In addition, it may leverage its investment in UK-based payment startup Fnality to create new settlement options and join “digital-cash consortium efforts.”

State Street is not blazing new trails in blockchain settlement. JPMorgan launched its Onyx blockchain and stablecoin and the JPM Coin in 2020. Goldman Sachs began trading digitized bonds on the chain the following year. JPMorgan introduced a tokenization platform called the Tokenized Collateral Network in 2023 and added a programmable payments feature months later.

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Spot Ethereum ETF launch delayed by SEC comments

June 29, 2024 Coin Telegraph

blackrock

The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July.

The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken additional time to return the S-1 forms submitted by prospective spot Ether (ETH) ETF issuers, pushing the launch to mid-July or later.

The SEC commented on the S-1 forms and requested resubmissions by July 8. According to Balchunas, this new timeline means the launch of the spot Ethereum ETFs could be postponed until mid-to-late July.

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Investment Giant VanEck Files for Solana Exchange-Traded Fund, Triggering Modest Price Jump for SOL

June 28, 2024 The Daily Hodl

Altcoins

Investment giant VanEck is seeking approval for a spot Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to the SOL ETF, which would be called the VanEck Solana Trust. VanEck, who […]

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Banking Giant Standard Chartered To Launch London-Based Bitcoin and Ethereum Trading Desk: Report

June 22, 2024 The Daily Hodl

Bitcoin

British banking titan Standard Chartered is reportedly going to roll out a Bitcoin (BTC) and Ethereum (ETH) trading desk based in London. According to a new report by Bloomberg, anonymous sources familiar with the matter say that the financial services giant is venturing into the world of spot market crypto trading. The sources say that […]

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