Bears rekt: Bitcoin ETFs see runner-up record day with $887M inflows

June 5, 2024 Coin Telegraph

Bears rekt: Bitcoin ETFs see runner-up record day with 7M inflows

Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data.

United States-based spot Bitcoin exchange-traded funds (ETFs) saw their second-best-ever joint net inflow day of $886.6 million, according to preliminary data.

The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflow at $378.7 million, while BlackRock’s iShares Bitcoin Trust (IBIT) was second with $274.4 million, according to early data from Farside Investors.

The ARK 21Shares Bitcoin ETF (ARKB) was the third-best performer with $138.7 million in net inflows, Farside data shows.

Fantom Foundation Commits Over 4,000,000 in FTM to Sonic Labs Accelerator Program

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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.

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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%.

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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 […]

Nate Geraci