BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report

October 31, 2024 The Daily Hodl

Bitcoin

Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded-fund (ETF) is reportedly setting new daily inflow records. According to a report from Yahoo Finance, investors poured $875 million worth of daily inflows into BlackRock’s $31 billion Bitcoin (BTC) ETF earlier this week as we approach November’s highly anticipated presidential election. In a recent interview with […]

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Spot Ethereum ETFs seen with over $1B in trading volume on debut

July 23, 2024 Coin Telegraph

Spot Ethereum ETFs seen with over B in trading volume on debut

Bitwise Ethereum ETF

Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows.

United States listed spot Ether exchange-traded funds generated around $1.08 billion in cumulative trading volume on its first day of trading — roughly 23% of what the spot Bitcoin ETFs saw on their opening day.

The converted Grayscale Ethereum Trust (ETHE) and BlackRock’s iShares Ethereum Trust (ETHA) saw the most volume on July 23 at $458 million and $248.7 million, respectively, according to preliminary data from Bloomberg ETF analyst Eric Balchunas.

The Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW) rounded out the top four with $137.2 million and $94.3 million, while the 21Shares-issued spot Ether ETF came in last, failing to crack the $10 million mark.

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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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CNBC Fast Money trader says Solana ETFs ’probably’ next, sparking debate

May 23, 2024 Coin Telegraph

Adam Cochran

CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment.

Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday after suggesting that Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the United States.

Kelly made the prediction during the CNBC post-market talk show Fast Money on May 22, a day before the Securities and Exchange Commission is due to decide on at least one proposed spot Ether (ETH) ETF.

Some industry observers didn't agree with Kelly's prediction.

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Ether surges 18% amid new hope for spot Ether ETFs approvals

May 21, 2024 Coin Telegraph

19b-4

If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch.

Ether (ETH) spiked 18% over 24 hours amid new speculation that spot Ether exchange-traded funds could be approved this week — despite months of pessimism.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, there has been “chatter” that the United States securities regulator is asking applicants to accelerate their 19b-4 filings.

This has prompted the pair to raise their approval odds from 25% to 75%.

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Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter

May 20, 2024 Bitcoin.com

approval

On May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for the approval of a spot-based ethereum ETF. “Update: [James Seyffart] and I are increasing our odds of spot Ether ETF approval to 75% (up from […]

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Dogecoin Up by Nearly 15% in 24 Hours After Coinbase Announces Plans To Launch DOGE Futures Trading

March 21, 2024 The Daily Hodl

Altcoins

Dog-themed crypto asset Dogecoin (DOGE) is surging after Coinbase announced its plans to launch futures trading for the memecoin. According to a filing by Coinbase earlier this month, the top US-based crypto exchange platform registered with the Commodity Futures Trading Commission (CTFC) to offer DOGE derivatives starting on or after April 1st. “Pursuant to Commodity […]

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Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement

March 1, 2024 Bitcoin.com

bitcoin.com

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for […]

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Massive Uptick in Exchange Volumes Could Suggest Growing Institutional Demand Ahead of ETF Approval: Glassnode

December 8, 2023 The Daily Hodl

Bitcoin

A massive surge in crypto exchange flows suggests institutions could be preparing for the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs), according to the market intelligence firm Glassnode. Glassnode notes in a new analysis report that the 30-day simple moving average (SMA) of Bitcoin flows in and out of exchanges grew from […]

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James Seyffart

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