The Chairman of the U.S. Securities and Exchange Commission (SEC) says that Ethereum (ETH)-based exchange-traded products (ETFs) should be approved by the regulatory agency by the end of the summer. Speaking at a recent US Senate hearing, SEC Chair Gary Gensler says that while the SEC partially approved Ethereum ETFs earlier this year, they won’t […]
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In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.
Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two months’ worth of the cryptocurrency’s mining supply in the first week of June.
With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin (BTC) in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital.
The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capital’s count, and is the biggest week of buying since mid-March when Bitcoin hit its current all-time high of $73,679.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll. Data from crypto research platform Soso Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of $886.7 million. Its most successful day so far was on March 12th when daily total net inflow hit […]
The post Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record appeared first on The Daily Hodl.
Asset management titan BlackRock is amending its spot market Ethereum (ETH) exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC). According to new documents, BlackRock – which has over $10 million in assets under its management – has amended its S-1 filing with the regulatory agency as the approvals process enters its […]
The post BlackRock Amends Spot Ethereum (ETH) ETF S-1 Filing With SEC As Approval Process Enters Second Stage appeared first on The Daily Hodl.
Chainlink (LINK) co-founder Sergey Nazarov doesn’t think the U.S. Securities and Exchange Commission (SEC) will stop at Ethereum (ETH). Last week, the SEC approved form 19b-4 filings from BlackRock, Fidelity, VanEck, Grayscale, Bitwise, Ark, Franklin Templeton and Invesco Galaxy simultaneously, paving the way for spot Ethereum exchange-traded funds (ETFs) in the US. Nazarov says the approval […]
The post Sergey Nazarov Says Ethereum ETF Approval Very Clear Sign That More Altcoins Will Follow appeared first on The Daily Hodl.
New data reveals that spot market Bitcoin (BTC) exchange-traded funds (ETFs) have brought in nine straight days of inflows totaling one billion dollars. According to data from London-based investment firm Farside Investors, BTC ETFs have seen positive inflows every day since May 14th, totaling more than $1.75 billion. May 15th and May 21st marked the […]
The post Spot Bitcoin ETFs Rake In Nine Consecutive Days of Inflows Totaling Over $1,750,000,000 appeared first on The Daily Hodl.
Closely followed economist Alex Krüger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained “Bits + Bips” podcast, Krüger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum […]
The post Ethereum To Hit All-Time Highs ‘Very Very Soon’ Should ETF Be Approved, Says Economist Alex Krüger appeared first on The Daily Hodl.
A top crypto trader thinks a spot Ethereum (ETH) exchange-traded fund (ETF) approval in the United States could send altcoins “to the stratosphere.” The pseudonymous analyst known as the Flow Horse tells his 216,300 followers on the social media platform X that a spot ETH ETF would make the crypto markets “get crazier.” “Here I […]
The post Top Trader Says Ethereum ETF Could Send Altcoins to the Stratosphere – Here’s His Top Pick appeared first on The Daily Hodl.
The world’s largest futures exchange is reportedly working on a plan to offer spot Bitcoin (BTC) trading amid growing interest in crypto-based investments. Citing three people familiar with the matter, the Financial Times reports that the CME Group has already held discussions with traders who want to buy and sell cryptocurrency on a regulated marketplace. […]
The post Derivatives Giant CME Group Laying the Groundwork To Launch Spot Bitcoin Trading: Report appeared first on The Daily Hodl.
A Boston-based hedge fund has gobbled up $363 million worth of spot Bitcoin (BTC) exchange-traded fund (ETF) shares. Bracebridge Capital has reported owning $262 million worth of the ARK 21Shares Bitcoin ETF (ARKB), $81 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) and $20 million worth of Grayscale Bitcoin Trust ETF (GBTC), according to Eric […]
The post Boston-Based Hedge Fund Accumulates $363,000,000 Million Worth of Bitcoin ETF Shares: Bloomberg Analyst appeared first on The Daily Hodl.
