ethereum ETF

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.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Bitwise enters European market with acquisition of ETC Group

August 19, 2024 Coin Telegraph

bitcoin etf

The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.

San Francisco-based asset manager Bitwise has entered the European markets with the acquisition of crypto investment firm ETC Group. The financial details of the deal were not disclosed by the companies.

According to an Aug. 19 announcement, the London-based firm ETC Group has over $1 billion in assets under management with a portfolio of products that includes a physical range of crypto exchange-traded products (ETPs), including Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20).

In total, the acquisition adds nine European-listed crypto ETPs and raises Bitwise’s assets under management to above $4.5 billion.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Franklin Templeton files S-1 for new crypto index ETF

August 16, 2024 Coin Telegraph

bitcoin etf

Issuers are lining up for the next wave of cryptocurrency exchange-trade funds.

Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.

The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only comprises Bitcoin (BTC) and Ethereum (ETH), the filing said.

“The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index,” according to the filing, which says that the ETF may hold additional types of cryptocurrencies in the future.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Crypto ETFs will expand to new asset types, indexes — Grayscale executive

August 12, 2024 Coin Telegraph

bitcoin etf

The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale.

The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.

“We're going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s global head of ETFs, said during an Aug. 12 webinar.

Grayscale is among the largest issuers of crypto ETFs, with upward of $25 billion in assets under management (AUM) across its United States-listed crypto ETFs. Its US exchange-traded products currently comprise single-asset Bitcoin (BTC) and Ether (ETH) funds.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF

August 9, 2024 Coin Telegraph

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If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.

United States regulators said they would need more time to decide if an exchange-traded fund (ETF) designed as a one-stop-shop crypto portfolio can list on Nasdaq’s electronic securities exchange, according to an Aug. 9 regulatory filing.

The filing was a response to Nasdaq’s June request for permission to list the Hashdex Nasdaq Crypto Index ETF on its electronic exchange.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Grayscale Ethereum ETF outflows hit record low of nearly $40 million

August 7, 2024 The Crypto Briefing

Grayscale Ethereum ETF outflows hit record low of nearly million

Crypto Briefing

Record low outflows from Grayscale Ethereum ETF may signal market stabilization, potentially leading to price recovery and renewed investor confidence.

The post Grayscale Ethereum ETF outflows hit record low of nearly $40 million appeared first on Crypto Briefing.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

US government transfers 300 ETH — Arkham Intelligence

August 5, 2024 Coin Telegraph

Coin Telegraph

The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.

According to Arkham Intelligence, a wallet believed to be controlled by the United States government transferred 300 Ether (ETH), valued at approximately $699,000, to a wallet address ending in “d46” on Aug. 5.

The onchain analytics firm also claimed that the funds within the wallet, which now shows a balance of $0, resulted from a US government seizure.

This reported transfer of ETH by the United States government follows days of disappointing price action following the highly anticipated launch of Ethereum exchange-traded funds (ETFs) in the United States.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Jump Trading’s Ether dump: Smart move or sign of trouble?

August 5, 2024 Coin Telegraph

Coin Telegraph

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.

Jump Trading’s recent transfer of hundreds of millions in Ether (ETH) has stirred debates and market speculations.

This aggressive unloading of assets preceded a historical stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points, its largest points drop ever.

Jump Trading moved around $315 million in staked Ether to cryptocurrency exchanges recently, with major transfers occurring over the weekend.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report

August 5, 2024 Coin Telegraph

Coin Telegraph

Jump Trading significantly contributed to the crypto market sell-off, and it could be looking to sell another $104 million worth of crypto.

The current crypto market crash is being directly linked to selling by Jump Trading, according to QCP Group, one of Singapore’s first digital asset trading groups.

The price of Ether (ETH) fell over 21% in the 24 hours leading up to 11:20 am UTC to trade at $2,252, according to Cointelegraph data.

The crash to an over five-month low was mainly caused by Ether selling from Jump Trading and Paradigm VC, according to an Aug. 5 report by QCP Group, which wrote:

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Galaxy Digital stock pullback a buying opportunity — Analyst

August 1, 2024 Coin Telegraph

bitcoin etf

Shares are a bargain after second-quarter earnings sent the stock down roughly 16%, says Benchmark analyst Mark Palmer.

Galaxy Digital shares are a bargain after disappointing second-quarter earnings sent the stock down roughly 16%, according to an Aug. 1 analyst report shared with Cointelegraph.

Investors retreated from the stock after Galaxy revealed a series of bearish metrics during its second-quarter earnings call. According to the report, which was penned by Benchmark fintech analyst Mark Palmer, these included a larger-than-expected net loss, a decline in counterparty trading revenue and a nearly 8% drop in book value per share.

According to Palmer, the stock route ignores “several positive developments in the build-out of the company’s institutional digital asset platform” and progress on other “key initiatives, including its ongoing effort to uplist its stock to the Nasdaq in the U.S., and its plans to expand and monetize the high-voltage power capacity at its flagship Helios data center in Dickens County, Texas.”

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