Crypto dominates biggest 2024 ETF launches: The ETF Store

September 2, 2024 Coin Telegraph

Bitcoin

Crypto exchange-traded funds make up 13 of the top 25 fund launches, the investment adviser said.

Cryptocurrency exchange-traded funds (ETFs) accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows, according to a post on the X platform by Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs.

Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot Bitcoin (BTC) ETFs, Geraci said.

BlackRock’s iShares Bitcoin Trust (IBIT) tops the charts, with almost $21 billion in inflows to date. It is followed by Fidelity Wise Origin Bitcoin Fund (FBTC), with nearly $10 billion in net inflows, and ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF Trust (BITB), each with roughly $2 billion in net inflows, according to the post.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

BlackRock’s iShares Bitcoin Trust (IBIT) Suffers Outflows for the Second Time Since Launching: BTC ETF Flow Data

August 30, 2024 The Daily Hodl

Altcoins

New data unveils that BlackRock’s iShares Bitcoin (BTC) Trust (IBIT) has suffered outflows for just the second time since being launched in January. According to new information from London-based investment management firm Farside Investors, BlackRock – a firm with over $10 trillion in assets under its management – saw its BTC exchange-traded fund (ETF) weather […]

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Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

24X Exchange files amended application that could bring 24/7 trading to crypto ETFs

August 30, 2024 Coin Telegraph

24X National Exchange

It would be the first time crypto ETF shares that could be traded after-hours in the US.

24X National Exchange filed an amended application to United States regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs), according to the Aug. 27 filing and related exhibits.

According to the filing, 24X “proposes to significantly expand trading outside of regular trading hours” for US-listed securities “by operating a national securities exchange 23 hours a day, seven days a week, 365 days a year, including holidays, subject to certain trading pauses.”

Pending the success of its application to register as a national securities exchange, “[a]ny security in the Nasdaq-100 Index, S&P 500 Index, Russell 2000 Index, and the top 50 exchange-traded funds by average daily volume shall be eligible to become designated for trading on the Exchange during the 24X Market Session,” according to 24X.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Ava Labs President John Wu ‘Very Positive’ on Ethereum ETFs – Here’s Why

August 28, 2024 The Daily Hodl

Altcoins

The president of Ava Labs, the team behind layer-1 blockchain Avalanche (AVAX), says that he’s optimistic about Ethereum (ETH)-based exchange-traded funds (ETFs). In a new interview with Bloomberg Television, Ava Labs president John Wu says that over time, Ethereum ETFs will find success due to the competitive nature of the decentralized finance (DeFi) sector. “I […]

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Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report

August 27, 2024 The Daily Hodl

Bitcoin

The world’s first electronic stock exchange is asking the top US securities regulator to approve Bitcoin (BTC) index options. According to a new report from Reuters, Nasdaq is seeking approval from the U.S. Securities and Exchanges Commission (SEC) to list a Nasdaq Bitcoin Index Options (XBTX) product. The SEC has not yet approved options based on […]

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Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses

August 27, 2024 Coin Telegraph

Bitcoin

BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.

BlackRock’s Bitcoin exchange-traded fund (ETF) recorded its largest daily net inflow in 35 days, with buyers seemingly taking advantage of Bitcoin’s small slide under $64,000 after a weekly rally.

The iShares Bitcoin Trust ETF (IBIT) on Aug. 26, recorded a $224.1 million net inflow, its largest since July 22 when it had $526.7 million in inflows and Bitcoin (BTC) hit a daily top of $67,534 per Farside Investors data and Cointelegraph Markets Pro.

Bitcoin has fallen nearly 2% in the last 24 hours to $63,031 from a daily high of $64,121. It came after a strong weekly rally that took BTC from a seven-day low of $58,756 to a high of $64,475 on Aug. 25, its highest price since around the start of August.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Grayscale launches investment fund for AVAX token

August 22, 2024 Coin Telegraph

Avalanche

It joins Grayscale's suite of more than 20 crypto investment products.

Asset manager Grayscale Investments launched a new investment fund for Avalanche’s native token, AVAX, according to an Aug. 22 announcement.

The Grayscale Avalanche Trust “offers investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimize for scalability, network security, and decentralization,” Grayscale said.

Avalanche is a layer-1 blockchain network with a focus on facilitating real-world asset (RWA) tokenization, which involves converting tangible assets, such as real estate, commodities, or fine art, into digital on-chain tokens. On Aug. 22, Franklin Templeton expanded its blockchain-integrated money market fund to Avalanche.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar

August 21, 2024 Coin Telegraph

BlackRock’s iShares Ethereum Trust approaches B in net inflows — Morningstar

bitcoin etf

ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark.

BlackRock’s Ethereum exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.

According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1 billion mark imminently.

“It’s very likely, but not a certainty” that ETHA will crest $1 billion in net inflows by close of market on Aug. 21, Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph. “I believe a single creation unit would put it over the top.”

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

August 20, 2024 Bitcoin.com

bitcoin.com

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 […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Solana ETF ‘still in play’ despite Cboe filing removal — VanEck exec

August 19, 2024 Coin Telegraph

bitcoin etf

VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.

Asset manager VanEck’s plans for a Solana exchange-traded fund (ETF) are “still in play” despite the removal of Cboe Global Markets’ regulatory filing proposing to list the fund on its exchange, according to an X post by Matthew Sigel, VanEck’s head of digital assets research.

“Some have noticed that the 19b-4 for the VanEck Solana ETF has been removed from the CBOE website,” Sigel said, adding:

On July 9, national securities exchange Cboe filed a request with the United States Securities and Exchange Commission seeking to list VanEck’s and 21Shares’ planned SOL (SOL) ETFs and asking the SEC to make a final decision by March. The filing is referred to as a 19b-4 and is distinct from the S-1s filed by issuers.

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