Ethereum ETFs Experience 5 Days of Consecutive Net Inflows Worth $650 Million

November 14, 2024 Bitcoin.com

Ethereum ETFs Experience 5 Days of Consecutive Net Inflows Worth 0 Million

bitcoin.com

Consistent inflows into ethereum exchange-traded funds (ETFs) suggest growing institutional investor interest in the asset class. Net Inflows Rise on Ethereum ETFs Ethereum exchange-traded funds (ETFs) have witnessed a remarkable surge in investor interest, with five consecutive days of net inflows totaling a substantial $649.3 million. A look at the market shows that the total […]

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BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin

October 1, 2024 The Crypto Briefing

blackrock

BlackRock's commitment to educating investors on Ethereum could drive long-term growth and broader acceptance of digital asset ETFs.

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Ethereum gas fees rose 498% in two weeks as network activity surged — Report

September 30, 2024 Coin Telegraph

Altcoin

An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?

Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.

Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.

Ethereum transaction fees and ETH transfer volumes

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SEC pushes back decision to open up options trading on spot Ethereum ETFs

September 25, 2024 The Crypto Briefing

Crypto Briefing

The SEC's delay in approving options trading on Ethereum ETFs could slow the growth and diversification of crypto investment products.

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VanEck to shutter Ethereum futures ETF

September 6, 2024 Coin Telegraph

Coin Telegraph

Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.

Asset manager VanEck is shuttering its futures-based Ether (ETH) exchange-traded fund, citing insufficient demand as spot cryptocurrency ETFs dominate inflows, according to a Sept. 6 announcement.

VanEck chose to close the fund due to factors “including performance, liquidity, assets under management, and investor interest,” it said.

Shares of VanEck Ethereum Strategy ETF (EFUT) will stop trading on Sept. 16 and fund assets will be liquidated and returned to investors on or around Sept. 23, according to the announcement.

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Australian asset manager Monochrome applies for new Ethereum ETF, eyes decision by end of this month

September 5, 2024 The Crypto Briefing

Crypto Briefing

The potential approval of Monochrome's Ethereum ETF could significantly broaden regulated crypto investment opportunities for Australian investors.

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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.

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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.

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BlackRock launches Ether ETF in Brazil

August 28, 2024 Coin Telegraph

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The asset manager has expanded its portfolio of crypto-based products in Brazil with the debut of the recently launched iShares Ethereum Trust through a depositary receipt.

BlackRock is expanding its crypto product offerings overseas. On Aug. 28, the company listed its Ethereum exchange-traded fund (ETF) through a depositary receipt on Brazil’s stock exchange B3.

According to local reports, retail and institutional investors can trade the iShares Ethereum Trust (ETHA) under the ticker ETHA39 in the country.

A depositary receipt is a security representing shares in a foreign company or fund. It is typically traded in the local currency and backed by the original asset. As BlackRock introduces its Ether (ETH) ETF to the local market, the shares will be offered at a price equivalent to one-third of their original value.

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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.”

ethereum ETF