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Investors flock to ETH products over BTC as markets recover — CoinShares

Coin Telegraph
Investors flock to ETH products over BTC as markets recover — CoinShares
Coin Telegraph

Ethereum funds also lead Bitcoin ETPs in monthly performance, with $150 million in inflows in August so far.

Ethereum exchange-traded products were the top choice for institutional investors as money returned to crypto funds following the Aug. 5 market slump. 

In its Digital Asset Funds Weekly Report published on Aug. 12, asset manager CoinShares revealed that crypto asset investment products saw inflows totaling $176 million for the week ending Aug. 11.

It found that Ether (ETH) funds benefited the most from the market correction, attracting $155 million in inflows in the last seven days, or around 88% of the total. Ether funds also led on monthly performance with $150 million in inflows in August.

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in Review

Bitcoin.com
Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in Review
bitcoin.com
Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in ReviewRobert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank sold dollars to Bureaux de Change to stabilize […]
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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

BlackRock’s spot Ethereum ETF begins pre-market trading amid muted demand predictions

The Crypto Briefing
BlackRock's spot Ethereum ETF begins pre-market trading amid muted demand predictions
Crypto Briefing

The launch of Ethereum ETFs could broaden mainstream crypto investment but may face limited demand due to the absence of staking options.

The post BlackRock’s spot Ethereum ETF begins pre-market trading amid muted demand predictions appeared first on Crypto Briefing.

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President

Bitcoin.com
Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President
asset tokenization
Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council PresidentWhile lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore, instead of relying solely on lobbying efforts or […]
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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

SEC punts Galaxy spot Ethereum ETF decision to July

Coin Telegraph
SEC punts Galaxy spot Ethereum ETF decision to July
Coin Telegraph

The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.

The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s application for a spot Ether (ETH) exchange-traded fund (ETF).

In a May 6 filing, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC wrote.

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

39% of Canada’s institutional investors have exposure to crypto: KPMG

Coin Telegraph
39% of Canada’s institutional investors have exposure to crypto: KPMG
Big Four accounting firm

KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto.

Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed.

Nearly 40% of institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in KPMG’s 2021 study, the company according to an April 24 report.

KPMG received 65 responses, 31 of which identified as institutional investors with most managing more than $500 million in assets, while the remaining 34 were financial services organizations.

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May

Bitcoin.com
Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May
bitcoin.com
Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in MayJake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky stated that the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack of details on the initiative, signaled a bad outcome for […]
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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

Coin Telegraph
BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing
19b-4 Form

Earlier in the day, BlackRock registered corporate entity “iShares Ethereum Trust” in Delaware, the first hint that a filing for a spot Ethereum ETF filing was imminent.

Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9.

Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the "iShares Ethereum Trust."

The move signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations.

NASDAQ's 19b-4 filing to the SEC for BlackRock's iShares Ethereum Trust. Source: NASDAQ

Earlier on Nov. 9, it emerged that BlackRock registered corporate entity iShares Ethereum Trust in Delaware, the first hint that a spot Ethereum ETF filing could be imminent.

BlackRock and other financial firms have expressed interest in cryptocurrency-backed ETFs over the last few months.

Bloomberg ETF analyst James Seyffart noted that there are at least five firms in the running to win the Securities and Exchange Commission’s approval for a spot Ethereum ETF.

Related: Ethereum futures ETFs garner lukewarm reception on first day of trading

Among them are VanEck, ARK 21Shares, Invesco, Grayscale and Hashdex.

Ether (ETH) spiked 8.9% to $2080 on the news that BlackRock is moving forward its plans for an iShares Ethereum Trust and is up 10.1% over the last 24 hours, according to CoinGecko.

ETH’s change in price over the last 24 hours. Source: CoinGecko

The price surge has helped ETH claw back some market dominance against Bitcoin (BTC), which has outperformed ETH in recent months.

ETH’s market dominance now sits at 17%, up 1.3% percentage points prior to the news.

Magazine: Bitcoin ETF: Wall Street’s Path to Crypto

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

Coin Telegraph
VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
19b-4 Form

Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days.

The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.  

On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange.

In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings, the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion.

“The Spot #Ethereum ETF Race is officially on,” Seyffart declared, estimating a final deadline around May 23, 2024.

A 19b-4 form is filed by self-regulatory organizations — such as a stock exchange — to request a rule change to the U.S. Securities and Exchange Commission, while an S-1 filing only indicates a firm’s intention to list a particular investment product on a national exchange.

The securities regulator is now obligated to review the 19b-4 filings and make a decision, though the SEC can also delay the decision as it has for spot Bitcoin ETFs. 

ARK Invest and 21Shares teamed up to file an S-1 to the SEC on Sept. 6, though VanEck’s S-1 filing dates back to July 2021.

Meanwhile, Seyffart expects more spot Ethereum ETF filings to come in the coming days.

Related: Ether ETFs pending — Grayscale, VanEck and others file SEC applications

On Aug. 17, the securities regulator reportedly signaling its intention to approve Ethereum Futures investment products while several firms including Grayscale Investments and BlackRock are currently fighting to get a spot Bitcoin ETF approved.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

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T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

T-Mobile Parent Company Launches Pilot Project for Bitcoin Mining Infrastructure With Surplus Energy

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