Browsing:ETF

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

Court's Ruling on Grayscale's Bitcoin ETF Proposal Sparks Market Gains
4 months ago 1 min read

Crypto Market Surges Following Court’s Decision on Grayscale’s Spot Bitcoin ETF

The US Courts have issued a new mandate concerning Grayscale’s proposal for a spot Bitcoin ETF, and this development has had a ripple effect across various markets. Grayscale seeks to convert it into a spot Bitcoin exchange-traded fund (ETF). The legal process started gaining attention on August 29, when courts mandated the U.S. Securities and Exchange Commission (SEC) to review Grayscale’s proposal. This week, a formal mandate was issued, further emphasizing the need for this review. This recent mandate coincides with positive performance across multiple assets. The Grayscale Bitcoin Trust (GBTC), which is at the center of these proceedings, has

VanEck Ethereum ETF Now Trading
5 months ago 1 min read

VanEck’s Ethereum ETF Fund Now Live for Trading

Global investment manager VanEck has announced that the Ethereum Strategy ETF fund, EFUT, is now available for trading. The VanEck Ethereum Strategy ETF (EFUT) aims to achieve capital appreciation by investing in Ethereum futures contracts. This actively managed fund offers exposure to investments linked to Ether through an exchange-traded instrument. It’s important to note that the fund does not directly invest in Ethereum or other digital assets. Effective September 29, 2023, the Ethereum ETF fund is now live for trading, marking a significant milestone in the cryptocurrency industry. In an exciting move, VanEck has committed to supporting Ethereum development by