The head of digital assets research at VanEck, Matthew Sigel, is outlining how Ethereum (ETH) could reach a price of $154,000, which the asset manager set as the bull case target in a report released weeks ago. In a new interview on Bankless, Sigel says that Ethereum could reach a six-figure price by increasing its […]
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VanEck's Bitcoin ETF starts trading on the ASX, with volumes topping $1.5 million after a couple of hours of trading.
The post VanEck’s Bitcoin ETF goes live on Australia’s top exchange, trading surpasses $1.5 million appeared first on Crypto Briefing.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $152.42 million leave on Tuesday, bringing the cumulative total net inflows to $14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs Another day of trading brought losses for spot bitcoin […]
Financial institutions are likely in the process of positioning themselves for the launch of spot Ethereum (ETH) exchange-traded fund (ETF), according to a VanEck analyst. Matthew Sigel, head of digital assets research at VanEck, says that hedge funds are front-running the approval of ETH ETFs in the US. Sigel cites data from K33 Research showing […]
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U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs […]
Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on June 20, 2024, the ETF is touted as the most cost-effective Bitcoin fund exposure in Australia. Arian Neiron, Vaneck’s CEO for the Asia-Pacific region, emphasized […]
The Australian Securities Exchange has approved the VanEck Bitcoin ETF to start trading on June 20.
Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — has approved its first spot Bitcoin exchange-traded fund (ETF), set to commence trading on June 20.
Investment firm VanEck will be the issuer of the spot Bitcoin ETF — the VanEck Bitcoin ETF (VBTC) — according to a VanEck press release shared with Cointelegraph. It comes only months after the firm was approved to start trading spot Bitcoin ETFs, the VanEck Bitcoin Trust (HODL) in the United States on Jan. 11.
Chief executive officer for VanEck in the Asia-Pacific region, Arian Neiron, reiterated that the demand is growing for Bitcoin exposure in Australia, especially through a "regulated, transparent and familiar investment vehicle.”
Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side
Ether (ETH) has been trading below $3,750 for the past three days, despite the imminent launch of the coin’s spot exchange-traded funds (ETFs) in the United States. Some argue that the lack of bullish momentum for ETH is due to the lack of clarity on how long the individual S-1 fund filing approvals by the regulator could take. Regardless, Ether investors’ bullishness according to derivatives metrics has plunged to a 3-week low.
But, even if the U.S. Securities and Exchange Commission (SEC) approves each of the filings from BlackRock, Fidelity, VanEck, and other firms this week, investors fear that the current market conditions do not favor demand for the Ethereum ETFs. Part of the lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side as the real estate market displays further signs of stress.
Coinbase, Binance, and Kraken are facing court actions for supposedly failing to register as brokers while offering securities investments. The U.S. SEC and the U.S. Department of Justice also charged crypto companies that included privacy tools such as Samourai Wallet and Tornado Cash. Furthermore, regulators claim that Ether staking services intermediation can be deemed securities, given that there is a promise of returns in exchange for the work of others.
Giant investment manager VanEck believes that Ethereum (ETH) could hit a five-figure price over the coming years. In a new research report, VanEck says that its 2030 base case target for Ethereum is $22,000, a gain of 472% from the current price, while its bull case target for the same period is $154,000, a 3,905% […]
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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.
