ETF

The SEC confirms Grayscale’s application to convert its Digital Large Cap Fund into crypto ETF

November 1, 2024 1 min read

The SEC has given the green light to Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), which could pave the way for the first multi-asset crypto ETF on the market. This decision is anticipated within the next 45 to 90 days and could significantly impact the crypto landscape. The GDLC fund currently invests in a range of crypto, including Bitcoin, Ethereum, Solana, and

US Bitcoin ETFs experiences the largest inflow since late July, with over $263 million in a single day

September 15, 2024 1 min read

Bitcoin ETFs saw a jump in net buying on Friday, totaling $263 million, the greatest single-day inflow since July 22. This performance was fueled by a 12% gain in Bitcoin’s value, with one day seeing it surpass $60,000. Fidelity’s Bitcoin (FBTC) saw a $102 million inflow, boosting its weekly profits to almost $218 million. Other Bitcoin ETFs managed by Bitwise, Franklin Templeton, Valkyrie, VanEck, and Grayscale saw positive inflows. ARK

BlackRock launches its Ethereum ETF on Brazil’s B3 stock exchange

August 30, 2024 1 min read

BlackRock has introduced its Ethereum Exchange-Traded Fund (ETF) with the ticker symbol ETHA39 on Brazil’s B3 stock exchange. This enables Brazilian investors to gain exposure to Ethereum by investing in Brazilian Depositary Receipts (BDRs). This action represents a noteworthy advancement in the worldwide use of crypto, establishing Brazil as a leader in this emerging phenomenon. ETHA39 is a Brazilian extension of BlackRock’s iShares Ethereum Trust (ETHA) that enables investors in

The US Bitcoin ETFs see over $106 million outflow

August 29, 2024 1 min read

Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s IBIT did not register any outflows. The total net inflow for Bitcoin ETFs remains positive

The SEC’s concerns about Solana’s security status have delayed potential ETF approvals

August 20, 2024 2 mins read

The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the withdrawal of VanEck and 21Shares’ 19b-4 forms, which are crucial documentation for the listing of

The NYSE withdraws a proposed rule change to trade options based on Bitcoin ETFs

August 16, 2024 1 min read

As stated in a filing with the Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE) has decided to withdraw its application to list and trade options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust securities. Following the publication of the proposal for public comment in February 2024, the Securities and Exchange Commission (SEC) extended its review term three times. A number of Bitcoin exchange-traded

Grayscale’s Ethereum Trust experiences $1.5 billion in net outflows since it was converted into an ETF

July 29, 2024 1 min read

New US spot Ethereum exchange-traded funds (ETFs) have had a rough start. After just one week of trading, buyers pulled about $1.5 billion from Grayscale’s fund. On Tuesday, more than $450 million worth of trades took place in the $9.1 billion Grayscale Ethereum Trust (ETHE). This was more than half of all trading action. However, $590 million went into other ETFs, mostly BlackRock’s iShares Ethereum Trust (ETHA), which brought in

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

July 26, 2024 1 min read

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion. Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust. Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A

BlackRock’s Ethereum ETF launch sees over $260 million in inflows

July 24, 2024 1 min read

The introduction of spot Ethereum ETFs in the United States has marked a noteworthy achievement for crypto fans and investors. The Ethereum ETF (ETHA) offered by BlackRock attracted the highest amount of new investments, totaling $266.5 million. This resulted in a daily trading volume above $1 billion. The Grayscale Ethereum Trust (ETHE) witnessed substantial outflows amounting to $484.1 million, in contrast to other ETFs which observed a combination of inflows

Delays in the launch of Ethereum ETFs have led to market uncertainty and significant outflows

July 4, 2024 1 min read

The sentiment in the Ethereum (ETH) market is now mixed as a result of the delay in the launch of spot Ethereum ETFs. The ETFs, which were first projected to be available on July 2, are now likely to be released on July 8. However, the initial anticipation surrounding their launch has diminished. The digital fund flows data from CoinShares indicates substantial outflows, representing its most unfavorable performance since August

Fidelity’s FBTC leads a surge as US spot Bitcoin ETFs attract $105 million in daily inflows

June 5, 2024 1 min read

Fidelity’s FBTC was the top recipient of $105 million in inflows for the US spot Bitcoin ETF on June 3, 2024. These Exchange-Traded Funds (ETFs) have had 15 consecutive days of capital inflows, suggesting strong investor interest. As of June 3, SoSoValue has reported $13.96 billion in net inflows from 11 Bitcoin ETFs licensed in the United States. Within the last 24 hours, a total of $105 million was allocated

BlockDAG Accelerates Mainnet Launch, Outpacing U.S. Ethereum ETF Wins: Key Insights into Algotech’s Presale

May 31, 2024 4 mins read

The cryptocurrency world is consistently evolving, with Ethereum and Algotech encountering various regulatory and market challenges. U.S. regulators have finally approved spot Ethereum ETFs, postively affecting its market dynamics. Meanwhile, Algotech progresses with its AI-driven trading technologies despite facing stiff competition. Amid these dynamics, BlockDAG emerges as a standout with its fast-tracked development and notable presale achievements, building a robust basis for future expansion and innovation within the crypto community.