Grayscale’s Ethereum Trust Could Witness $110,000,000 in Daily Outflows if ETH ETFs Are Approved, Says Kaiko

May 29, 2024 The Daily Hodl

Grayscale’s Ethereum Trust Could Witness 0,000,000 in Daily Outflows if ETH ETFs Are Approved, Says Kaiko

Bitcoin

The upcoming spot Ethereum (ETH) exchange-traded funds could initially put selling pressure on the second-largest crypto asset by market cap, according to the market intelligence firm Kaiko. Last week, the U.S. Securities and Exchange Commission (SEC) approved the listing of spot market Ethereum ETFs, paving the way for the products to start trading on US stock exchanges. […]

The post Grayscale’s Ethereum Trust Could Witness $110,000,000 in Daily Outflows if ETH ETFs Are Approved, Says Kaiko appeared first on The Daily Hodl.

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US Bitcoin ETFs Achieve $45 Million Inflows, Blackrock’s IBIT Still Trails GBTC in BTC Holdings

May 29, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may […]

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Blackrock’s IBIT Nears Grayscale’s GBTC in Bitcoin Reserves

May 28, 2024 Bitcoin.com

Bitcoin

According to the latest statistics, U.S. spot bitcoin exchange-traded funds (ETFs) experienced ten consecutive days of positive inflows. Notably, during a third of those days, Grayscale’s Bitcoin Trust (GBTC) faced outflows and neutral activity. Conversely, Blackrock’s IBIT saw inflows on most of the ten trading days. Blackrock’s IBIT and Grayscale’s GBTC Neck and Neck in […]

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Bitcoin exchange-traded products now hold over 1 million BTC

May 28, 2024 Coin Telegraph

Bitcoin

The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion.

Bitcoin (BTC) exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.

Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.

According to data shared by HODL15Capital, another 21 Bitcoin exchange-traded products — offered in Canada, Germany, Brazil and other countries — pushes the total number of Bitcoin held to 1,002,343 BTC, worth an estimated $68 billion.

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Spot Ether ETFs are now officially legal in the US: Law Decoded

May 27, 2024 Coin Telegraph

ARK 21Shares

Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.

In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the country.

The SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise, approving the rule changes allowing spot Ether (ETH) ETFs to be listed and traded on their respective exchanges.

Unlike the spot Bitcoin (BTC) ETFs approved via voting by a five-member committee including SEC Chair Gary Gensler, spot Ether ETFs were approved by the SEC’s Trading and Markets Division.

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Ethereum ETFs launch next month ‘certainly possible’ — Analyst

May 24, 2024 Coin Telegraph

19b-4

The launch date will largely depend on how quickly approved applicants amend their S-1 registration statements and how many rounds of feedback they receive from the SEC.

The newly-approved spot Ether (ETH) exchange-traded funds could launch as early as mid-June — if the United States securities regulator follows a similar timeline to its spot Bitcoin ETF process.

Spot Ether ETFs got the green light for their 19b-4 filings today, allowing the funds to be listed on their respective exchanges. However, applicants will first need approved S-1 registration statements to begin trading.

Bloomberg ETF analyst James Seyffart has been saying S-1 approvals could come in a “couple of weeks,” but also noted that they “could take longer” as the process typically takes up to five months.

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SEC’s ETF decision means ETH and ’a lot’ of other tokens are not securities

May 24, 2024 Coin Telegraph

19b-4

That doesn't mean the securities regulator can't still pursue action against actors in the staking domain, industry analysts and lawyers warn.

The approval of spot Ether (ETH) exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission that Ether is not a security, according to industry pundits.

One even suggests this could extend to other tokens as well.

"These are commodities-based trust shares, so the SEC, by approving these, is explicitly saying they’re not going to go after Ether as a security,” noted Bloomberg ETF analyst James Seyffart in a discussion with Ryan Sean Adams on the Bankless podcast.

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Prospects of Ethereum ETFs Drive Grayscale Ethereum Trust’s NAV Discount to Lowest Since 2021

May 22, 2024 Bitcoin.com

bitcoin.com

On May 21, with the potential approval of several spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Grayscale’s Ethereum Trust (ETHE) saw its discount to net asset value (NAV) reach its lowest point since 2021. Grayscale Ethereum Trust’s NAV Discount Diminishes to 2021 Levels About a week ago, Grayscale’s Ethereum […]

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BlackRock’s Bitcoin ETF hits 6-week inflow high amid early-week BTC rally

May 22, 2024 Coin Telegraph

blackrock

BlackRock’s IBIT recorded $290 million of inflows on Tuesday, May 21 — more than the fund has seen in the past 21 trading days combined.

BlackRock’s spot Bitcoin exchange-traded fund (ETF) made up 95% of the total inflows into United States spot Bitcoin ETFs on Tuesday, May 21, which together raked in over $300 million in net inflows.

According to preliminary data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) posted large inflows of $290 million on May 21. The net inflow for all eleven ETF issuers combined was $305.7 million.

This is the highest inflow to BlackRock’s ETF since April 5, reversing a trend of zero or very low inflows for the past six weeks or so.

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US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains

May 21, 2024 Bitcoin.com

Ark Invest

According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have experienced positive inflows for six consecutive days. Over this period, the spot bitcoin ETFs attracted a total of $1.186 billion. Ark Invest’s ARKB Tops Inflows as U.S. Bitcoin ETFs Gain $237 Million Spot bitcoin ETFs in the U.S. continued their streak of positive […]

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