Browsing:ETF

The US SEC filings reveal a growing but cautious interest in Bitcoin ETFs among major institutions
4 days ago 1 min read

The US SEC filings reveal a growing but cautious interest in Bitcoin ETFs among major institutions

The US SEC requires 13F filings for entities managing over $100 million to disclose Bitcoin exchange-traded fund (ETF) interests. These filings show institutional interest in Bitcoin ETFs based on quarterly holdings. BNP Paribas and BNY Mellon have small Bitcoin ETF stakes. BNY Mellon has around 20,000 IBIT shares and 7,000 Grayscale’s GBTC shares, while BNP Paribas owns 1,000. These tiny stakes indicate institutional interest in bitcoin funds. Smaller corporations are more involved, indicating a greater conviction in Bitcoin ETFs. Quattro Advisors holds 468,200 BlackRock shares and Legacy Wealth Management has 350,000 Fidelity ETF shares. Yong Rong has nearly a million BlackRock

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market
3 weeks ago 1 min read

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market

Hong Kong has granted approval for its inaugural Bitcoin exchange-traded fund (ETF), representing a notable milestone in the realm of crypto. The Bitcoin ETF, overseen by China Asset Management (Hong Kong) in partnership with OSL Digital Securities and BOC International Prudential Trusteeship, provides investors with a direct opportunity to profit from the price of Bitcoin. Furthermore, this strengthens Hong Kong’s appeal as a prominent center for crypto trading and investment. The program has now encompassed a position in Ether ETF, so broadening investing prospects within the realm of digital assets. The approval of this ETF by the SFC highlights Hong

Bitwise seeks UK SEC approval for Ethereum ETF
1 month ago 1 min read

Bitwise seeks UK SEC approval for Ethereum ETF

Bitwise has submitted an application for an Ethereum Exchange-Traded Fund (ETF) after achieving favorable results with its Bitcoin ETF. The application incorporates a correlation study between ETH and BTC, with the objective of presenting evidence to the SEC that an Ethereum ETF should be granted permission based on shared characteristics in market dynamics. Bitwise is diversifying its investment portfolio by entering the Ethereum market with the introduction of the Bitwise Ethereum Strategy ETF (AETH), which provides investors with the opportunity to trade Ethereum futures. Bitwise’s ETF proposal distinguishes itself from other rivals by not include any mention of staking, which

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs,
1 month ago 1 min read

IBIT and FBTC Bitcoin ETFs become top picks at BlackRock and Fidelity in record time

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs, IBIT and FBTC, becoming the leading options in their investment portfolio in less than 50 days. Despite overseeing a diverse portfolio of 420 ETFs, IBIT was responsible for more than 50% of BlackRock’s yearly net inflows. In the same way, FBTC had the highest amount of money coming into Fidelity, garnering five times more capital than any other fund. The consistent influx of funds into these Bitcoin ETFs over a period of 49 days highlights their remarkable performance, placing them in a select group of ETFs that

The US SEC extends the deadline for its decision about Ethereum ETF to May 30
2 months ago 1 min read

The US SEC extends the deadline for its decision about Ethereum ETF to May 30

The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum

Grayscale's GBTC sees over $10B outflow, marking a record withdrawal
2 months ago 1 min read

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

Grayscale’s Bitcoin Trust (GBTC) has just been removed $10.6 billion, resulting in the second-largest outflow in the ETF industry over the last 15 years. The change in investor preferences is seen in the Vanguard S&P 500 ETF (VOO) taking the lead with over $258 billion in inflows, followed by the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI). Plus, exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD) and SPDR S&P MidCap 400 ETF Trust (MDY) are experiencing significant withdrawals of funds. Furthermore, investors are reallocating their investments from gold exchange-traded funds (ETFs) to

Bitcoin ETFs in the US have set a new trading volume record of over $7.7 billion on February 28
2 months ago 1 min read

Bitcoin ETFs surge to a record $7.7B in trading, doubling previous highs

Bitcoin ETFs in the US have set a new trading volume record of over $7.7 billion on February 28, surpassing the previous record of over $4.65 billion set on their launch day. The ETF that contributed the most is BlackRock’s iShares Bitcoin ETF (IBIT). The ETF contributed 43.5% of the day’s total with $3.35 billion in trades, nearly matched the aggregate trading volume of all ten ETFs from the day before. At the same time, trades totaling $1.44 billion were contributed by Fidelity Wise Origin Bitcoin Fund (FBTC) and $1.86 billion by Grayscale Bitcoin Trust (GBTC), respectively, doubling their prior

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF
4 months ago 1 min read

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition from newly launched funds by financial behemoths such as BlackRock and Fidelity. Unlike its competitors, GBTC saw a significant withdrawal of investments, which many attributed to the trust’s relatively high

Valkyrie Investments
4 months ago 1 min read

Valkyrie Investments Says Bitcoin ETF Could Start Trading Tomorrow

The crypto community is on edge as Valkyrie Investments awaits a critical decision from the United States Securities and Exchange Commission (SEC) on a Bitcoin Exchange-Traded Fund (ETF). There is speculation that the SEC could approve as early as Wednesday, allowing trading to begin on Thursday. Valkyrie Investments co-founder Steven McClurg is optimistic about the potential approval and anticipates strong investor interest in their ETF. Estimates range from $200 million to $400 million, with total inflows reaching $4–5 billion in the first few weeks after approval. While not every applicant’s ETF will be available right away, McClurg predicts that around

Exciting crypto ads by Bitwise and Hashdex stir hopes for Bitcoin ETFs as the SEC decision nears.
5 months ago 2 mins read

Crypto Firms Roll Out Exciting Ads in Anticipation of Bitcoin ETF Approval

As the crypto community eagerly awaits the SEC’s decision on Bitcoin Spot ETFs, two major companies, Bitwise and Hashdex, have taken the initiative to stir up excitement with their recent ad campaigns. Bitwise Takes the Lead Bitwise, a prominent player in the crypto space, made the first move by releasing an engaging ad featuring Jonathan Goldsmith, widely recognized as the “Most Interesting Man in the World.” In the ad, Goldsmith promotes Bitwise’s Bitcoin ETF, a highly anticipated financial product. Hashdex Joins the Race Responding swiftly, Hashdex entered the fray with its own ad on December 20. The ad, featuring a

BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC's preferences
5 months ago 1 min read

BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC’s preferences

The world’s largest asset manager, BlackRock, is making strategic changes to its proposed Bitcoin ETF, IBIT, in order to align with the SEC’s preferences. BlackRock revealed its shift to a cash-only strategy for the ETF in a recent update to its SEC filing on December 18th, a move seen as an effort to comply with SEC requirements and streamline operations. The decision to accept cash rather than Bitcoin for new ETF shares stems from discussions with the SEC. To mitigate the risks associated with Bitcoin, the SEC has indicated a preference for a cash-only approach. BlackRock’s update follows a broader

BlackRock Takes Steps Toward Ethereum Investment with Spot ETF Filing
6 months ago 1 min read

BlackRock Submits Spot Ethereum ETF Filing to SEC

BlackRock, the largest asset manager globally, has officially submitted an application for a spot Ethereum exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). The proposed ETF, named iShares Ethereum Trust, aims to track the overall performance of the price of ether, according to the Form S-1 filed by iShares on Wednesday. This filing comes a week after BlackRock registered the iShares Ethereum Trust entity with the Delaware Department of State Division of Corporations. Nasdaq also filed for the proposed ETF shortly afterward, confirming BlackRock’s involvement in developing a spot Ether ETF. For the custody of its proposed

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