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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.”

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF

August 9, 2024 Coin Telegraph

Banks

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.

3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves

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.

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