ETF

Bitwise seeks UK SEC approval for Ethereum ETF

March 31, 2024 1 min read

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

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

March 25, 2024 1 min read

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

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

March 20, 2024 1 min read

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,

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

March 14, 2024 1 min read

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

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

February 29, 2024 1 min read

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

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

January 23, 2024 1 min read

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

Valkyrie Investments Says Bitcoin ETF Could Start Trading Tomorrow

January 10, 2024 1 min read

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

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

December 21, 2023 2 mins read

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

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

December 19, 2023 1 min read

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

BlackRock Submits Spot Ethereum ETF Filing to SEC

November 16, 2023 1 min read

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

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

October 25, 2023 1 min read

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

VanEck’s Ethereum ETF Fund Now Live for Trading

October 3, 2023 1 min read

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,