$621,000,000 Available and Untapped in Massive, Little-Known State Fund for Families: Report

October 6, 2024 The Daily Hodl

bank

A massive fund designed to help families save money for college is largely untapped, according to a new report. California’s taxpayer-funded program CalKIDS has allocated hundreds of millions of dollars in college savings funds that are untouched and available, reports the ABC-affiliated news station KXTV. The fund offers at least $175 to Californians born after July […]

The post $621,000,000 Available and Untapped in Massive, Little-Known State Fund for Families: Report appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds

October 5, 2024 Bitcoin.com

Anatoly Crachilov

Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

ParaFi Capital to tokenize $1.2B fund on Securitize

September 12, 2024 Coin Telegraph

ParaFi Capital to tokenize .2B fund on Securitize

Assets

ParaFi Capital will tokenize part of its $1.2 billion portfolio using the Avalanche blockchain and tokenization platform Securitize.

Digital asset management firm ParaFi Capital has taken its first step into fund tokenization by offering a minority stake in its latest venture capital fund on the Avalanche blockchain.

According to a Sept. 12 Bloomberg report, the firm’s $1.2 billion fund will be partially tokenized and available for trading through the Securitize platform, marking a move toward integrating blockchain technology into traditional asset management.

“We decided we want to eat our own dog food,” said ParaFi founder Ben Forman. “We are investors in this technology, but we didn’t just want to invest in the tokenization infrastructure, we wanted to use it ourselves.”

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

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.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

US regulator fines crypto fund $150K for illicit Bitcoin loan

August 20, 2024 Coin Telegraph

Bitcoin

It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.

Cryptocurrency fund lkigai Strategic Partners agreed to pay the National Futures Association (NFA) in the United States a $150,000 fine for an allegedly illicit Bitcoin (BTC) loan, according to an Aug. 20 decision by an NFA hearing panel.

The action is part of the ongoing fallout from the industry-wide liquidity crisis following crypto exchange FTX’s collapse in 2022. It is also the latest instance of NFA — which helps regulate the United States derivatives market — policing activities in the spot cryptocurrency markets.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1

May 29, 2024 Coin Telegraph

blackrock

BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.

United States spot Ether (ETH) exchange-traded funds (ETFs) have a “legit possibility” of launching by late June, according to analysts, after BlackRock updated a key filing necessary for launch.

On May 29, BlackRock updated its Form S-1 for its iShares Ethereum Trust (ETHA) with the Securities and Exchange Commission nearly a week after the regulator approved its 19b-4 filing — both need approval for the ETF to start trading.

“Good sign. [Probably] see rest roll in soon.” Bloomberg ETF analyst Eric Balchunas said in a May 29 X post.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

May 28, 2024 Coin Telegraph

Grayscale’s Ethereum ETF could bleed 0M daily in first month: Kaiko

Coin Telegraph

If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH.

Grayscale’s yet-to-launch spot Ether (ETH) exchange-traded fund (ETF) could bleed an average of $110 million per day if it follows a similar pattern to its Grayscale Bitcoin Trust in the first month.

The Grayscale Bitcoin Trust (GBTC) converted from a closed-end fund to an ETF on Jan. 11, which saw 23% of its assets under management at launch flow out in the first month — totaling $6.5 billion, Kaiko analysts wrote in a May 27 report.

ETHE has an AUM of $11 billion. If it has “a similar magnitude of outflows” as GBTC, “this would amount to $110 million of average daily outflows or 30% of ETH’s average daily volume on Coinbase,” according to Kaiko.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

VanEck drops new Ethereum ETF ad within an hour of SEC approval

May 23, 2024 Coin Telegraph

Coin Telegraph

VanEck launched a new ad centered around Ethereum, just 30 minutes after the SEC greenlit 19b-4 proposals for spot Ether ETFs.

Asset manager VanEck was quick to celebrate its newly-approved spot Ether (ETH) exchange-traded fund (ETF) with an arty 37-second advertisement coaxing viewers to “Enter the ether.”

VanEck posted its ad spot to X on May 23, roughly 30 minutes after the Securities and Exchange Commission approved its 19b-4 filing for a spot Ether ETF alongside BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise.

The SEC still needs to greenlight each ETF’s S-1 filing to begin trading, which analysts say could take as long as a few months.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

May 17, 2024 Coin Telegraph

Chainlink

The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.

The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), and blockchain oracle Chainlink have wrapped up a pilot program with several major banking firms in the United States aimed at increasing traditional finance fund tokenization.

The Smart NAV Pilot program was conducted to standardize a method of providing net asset value (NAV) data of funds across blockchains, using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), according to a May 16 DTCC report.

“The pilot found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” it wrote.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day

May 14, 2024 Coin Telegraph

Bitcoin

Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.

Hong Kong’s Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) posted the largest-ever net outflow on Monday, May 13 — wiping all gains they’ve made since launching under two weeks ago.

Bosera, ChinaAMC and Harvest Global’s spot Bitcoin ETF funds posted net outflows of $32.7 million, with ChinaAMC’s Bitcoin fund coming in as the biggest loser on the day with $15.5 million in outflows, according to Farside Investors data.

Meanwhile, spot Ether ETFs from the same issuers saw total joint net outflows of $6.6 million. Harvest Global and ChinaAMC tied for most outflows with $3 million each.

fund

Share this video