ETFs

The SEC approves the first-ever Bitcoin and Ethereum ETFs

11 hours ago 1 min read

The U.S. Securities and Exchange Commission (SEC) has approved the first dual Bitcoin and Ethereum Exchange-Traded Funds (ETFs) from Hashdex and Franklin Templeton. This approval is an important step for institutional investors, giving them simpler access to the top two cryptocurrencies with spot-based investment options. The Franklin Templeton Crypto Index ETF and the Hashdex Nasdaq Crypto Index US ETF have both been approved by regulators. Franklin Templeton’s application was processed

BlackRock’s Bitcoin ETF hits $3.36 billion in trading volume

October 31, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) has recently hit a six-month high in trading volume, reaching an impressive $3.36 billion. This surge indicates a rising interest in Bitcoin, particularly as U.S. spot Bitcoin ETFs are on the verge of collectively holding one million BTC, a figure that brings them close to the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto. On Tuesday alone, IBIT saw an influx of $642.9 million, which is

Emory University’s $15.8M investment in Grayscale’s Bitcoin Mini Trust marks a historic milestone

October 29, 2024 1 min read

Emory University has made headlines by investing $15.8 million in Grayscale’s Bitcoin Mini Trust, marking a historic moment as it becomes the first university endowment to embrace a Bitcoin ETF. This decision reflects a growing trend among institutional investors, showcasing how cryptocurrencies are increasingly being accepted in traditional finance. Bloomberg analyst Eric Balchunas highlighted the remarkable adoption of Bitcoin ETFs by various institutions, including banks, hedge funds, and family offices.

SEC filings reveals Emory holds 2,678,906 ETF shares as of September 30

October 27, 2024 1 min read

Emory University has made headlines by investing $15 million in the Grayscale Bitcoin Mini ETF, becoming the first university in the United States to publicly announce Bitcoin holdings. According to recent filings with the U.S. Securities and Exchange Commission, Emory owns over 2.6 million shares in the ETF, valued at just over $15 million as of the end of September. This investment is part of a larger trend where institutional

South Korea Virtual Asset Committee to discuss the approval of crypto ETFs

October 11, 2024 1 min read

On October 10, South Korea‘s Financial Services Commission (FSC) announced the formation of a Virtual Asset Committee aimed at overseeing the approval of spot crypto exchange-traded funds (ETFs) in the country. This committee, led by FSC Vice Chairman Soyoung Kim, will include representatives from various government sectors and nine members from the private sector, providing guidance on critical issues in the digital asset landscape, including the authorization of corporate accounts.

Bitcoin ETFs see over $240 million outflow as markets fell amid Iran’s missile attack on Israel

October 2, 2024 1 min read

On October 2, 2024, Bitcoin exchange-traded funds (ETFs) experienced their first net outflows in two weeks, with $243 million exiting the market. This downturn coincided with a significant drop in Bitcoin’s price, which fell over 4% amid escalating geopolitical tensions in the Middle East, particularly following Iran’s attack on Israel. The outflows marked the end of an eight-day streak of net inflows for U.S. spot Bitcoin ETFs, with the largest

The SEC postpones its decision on options trading for several Ethereum ETFs

September 25, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRock’s spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November 10 and 11, 2024, in accordance with Section 19(b)(2) of the Securities Exchange Act. In

Institutional investors are pulling out of Ethereum ETFs

September 25, 2024 1 min read

Institutional demand for Ethereum is diminishing, as spot Ethereum ETFs are witnessing considerable outflows, notwithstanding the recent price rebound following the Federal Reserve’s interest rate reductions. Grayscale’s Ethereum ETF has experienced the most substantial decrease, with outflows totaling $80.6 million, signifying diminished interest from institutional investors. Bitcoin ETFs have experienced inflows, signifying a preference for Bitcoin over Ethereum among investors. Notwithstanding a 15% resurgence in Ethereum’s price, the demand for

Bitcoin ETFs see $1.2 billion outflow in just eight days as Bitcoin’s price drops over 18%

September 11, 2024 1 min read

Bitcoin ETFs in the US have undergone a notable decrease, with net outflows amounting to $1.2 billion in the last eight days. This signifies the most extended duration of uninterrupted withdrawals since their inception in early 2024. From late August to early September, investors withdrew substantial amounts from the 12 spot Bitcoin ETFs available on US marketplaces. This withdrawal aligns with a wider reduction in Bitcoin values, which has experienced

BlackRock’s US Bitcoin ETFs gains $75 million in new inflows on August 22

August 23, 2024 1 min read

US spot Bitcoin exchange-traded funds (ETFs) have achieved a continuous streak of six days with positive returns, attracting nearly $65 million in investments on Thursday. The iShares Bitcoin Trust (IBIT) from BlackRock received the highest amount of fresh capital, totaling $75 million. Other funds, such as WisdomTree’s Bitcoin fund, Grayscale’s Bitcoin Mini Trust, and VanEck’s Bitcoin ETF, garnered more than $12 million. Grayscale’s Bitcoin Trust (GBTC), which has the highest

Spot Bitcoin ETF trading volume surges to over $5.5 billion on August 6

August 8, 2024 1 min read

On August 6, the trading volume of Bitcoin exchange-traded funds (ETFs) increased significantly to $5.7 billion, due to increased volatility in the cryptocurrency markets. Simultaneously, Bitcoin’s price has decreased by 8% since August 4, while Ethereum has witnessed a significant 21% reduction due to the selling of hundreds of millions of dollars worth of ETH by prominent funds such as Jump Trading and Paradigm. The trading volume of Bitcoin ETF

Anthony Pompliano discusses the SEC’s approval of Ethereum ETFs

July 25, 2024 1 min read

The approval of Ethereum Exchange-Traded Funds (ETFs) by the SEC has generated enthusiasm within the cryptocurrency sector. Anthony Pompliano, the CEO of Professional Capital Management, anticipates that while Ethereum ETFs may not generate as much excitement as Bitcoin ETFs, they will contribute to the wider adoption of cryptocurrencies. Pompliano credited the strong performance of Bitcoin ETFs to the significant amount of money flowing into them, as evidenced by BlackRock’s Bitcoin