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US Ethereum ETFs See Continued Outflows Led by Grayscale’s ETHE

US Ethereum ETFs See Continued Outflows Led by Grayscale’s ETHEOn Thursday, U.S. spot ethereum exchange-traded funds (ETFs) experienced another day of net outflows following Grayscale’s Ethereum Trust (ETHE) outpacing gains observed by other funds. According to sosovalue.xyz, the nine ETFs saw $152.3 million exit during Thursday’s trading sessions. Grayscale ETHE’s Third Day of Outflows Contributes to $178M Negative Net Inflow Grayscale’s ETHE marked its […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

Ethereum ETFs Face $133M Outflows as Grayscale’s ETHE Divests $326M

Ethereum ETFs Face 3M Outflows as Grayscale’s ETHE Divests 6MBased on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

Coinbase Named As Trusted Partner and Custodian of Eight Ethereum ETFs, Says CEO Brian Armstrong

Coinbase Named As Trusted Partner and Custodian of Eight Ethereum ETFs, Says CEO Brian Armstrong

Coinbase is serving as a custodian for eight of the nine newly approved Ethereum (ETH) exchange-traded funds (ETFs), according to Brian Armstrong, the exchange’s chief executive. Nine Ethereum ETFs kicked off trading in the US on Tuesday, including products from BlackRock, Fidelity, 21Shares, Invesco, Franklin Templeton, VanEck, and Bitwise, as well as two different funds […]

The post Coinbase Named As Trusted Partner and Custodian of Eight Ethereum ETFs, Says CEO Brian Armstrong appeared first on The Daily Hodl.

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

US Bitcoin ETFs See $78M Outflow, Breaking 12-Day Inflow Streak

US Bitcoin ETFs See M Outflow, Breaking 12-Day Inflow StreakU.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Tuesday, with $77.97 million exiting, breaking a streak of 12 consecutive days of inflows. In contrast, the newly launched spot ether ETF counterparts performed better. 3 Bitcoin ETFs Record Outflows as Blackrock’s IBIT Gains $71M Following 12 consecutive days of inflows and a record influx […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

US Ethereum ETFs Hold $10.24B in Reserves Following $106M in Inflows

US Ethereum ETFs Hold .24B in Reserves Following 6M in InflowsBased on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

Spot Ethereum ETFs Set to Launch: Blackrock Highlights Rising Demand for Digital Asset ETFs

Spot Ethereum ETFs Set to Launch: Blackrock Highlights Rising Demand for Digital Asset ETFsSpot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq on Tuesday, featuring a one-year fee waiver of 0.12% for the first […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

Breaking: Spot Ethereum ETFs to begin US trading on July 23

The approved spot Ether ETF applicants included BlackRock, Fidelity and Grayscale, and are expected to bring billions of dollars into the ecosystem.

Spot Ether (ETH) exchange-traded funds have been given the final approval to begin trading in the United States on July 23.

On July 22, the United States Securities and Exchange Commission approved the final S-1 registration statements necessary for their launch on their respective stock exchanges, including the Nasdaq, New York Stock Exchange and Chicago Board Options Exchange.

The successful spot Ether ETF issuers include BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck and Invesco Galaxy.

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Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

NYSE Clears Listing of Bitwise and Grayscale ETH ETFs, Trading Expected Tuesday

NYSE Clears Listing of Bitwise and Grayscale ETH ETFs, Trading Expected TuesdayFollowing the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […]

Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project

Grayscale announces plans for Bitcoin ETF spinoff

Current GBTC shareholders will receive shares in Grayscale’s new Bitcoin ETF in proportion to what they currently hold in GBTC.

On July 19, crypto asset manager Grayscale announced plans to spin off a portion of its flagship Bitcoin fund, Grayscale Bitcoin Trust (GBTC), into a new exchange-traded fund (ETF).

On July 31, Grayscale will contribute 10% of the spot Bitcoin (BTC) held by GTBC to its new ETF, Grayscale Bitcoin Mini Trust (BTC). The company said the ETF is set to begin trading on the New York Stock Exchange’s (NYSE) Arca exchange pending final regulatory signoff.

Current GBTC shareholders will receive shares in the Mini Trust in direct proportion to the shares they hold in GBTC. As a result of the spinoff, GBTC holders will hold the same amount of spot BTC as before, but across two different funds.

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Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project