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SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’
26.6.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration...
Bitcoin price drop below traders’ cost basis warns of deeper sell-off
26.6.2024
Bitcoin price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue
US Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows
26.6.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows. U.S. Spot...
VanEck to launch a spot Ethereum ETF for free on July 2
26.6.2024
VanEck files Form-8A related to its spot Ethereum ETF and simultaneously eliminates ETF fees until its assets reach the $1.5 billion target. According to analysts’ calculations, the Ethereum ETFs are anticipated to be introduced by the beginning of July. This decision has enabled...
Ether Spot ETFs to Attract $15B of Net Inflows in First 18 Months: Bitwise
26.6.2024
Investors are likely to allocate funds to ETFs in proportion to the relative market caps of bitcoin and ether, the report said
Spot Bitcoin ETFs reverse 7-day outflow streak
26.6.2024
As of June 25, the 11 spot Bitcoin funds that debuted in January have seen net inflows of $14.42 billion
VanEck files form 8-A for spot Ether ETF, approval timeline revealed?
25.6.2024
Senior Bloomberg ETF analyst Eric Balchunas pointed to VanEck's 8-A filing for its Bitcoin ETF as a clue for the potential launch window of an Ethereum ETF
Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs
25.6.2024
Market strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback...
Ether Spot ETFs Could See Lower Demand Compared to Bitcoin Peers: Bernstein
25.6.2024
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said
Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm
25.6.2024
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot...
Bitcoin will protect the wealth that AI creates: Pompliano
25.6.2024
AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says
Crypto investment products see $584M outflow as Bitcoin descends to $60K
24.6.2024
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products
Ethereum could fall 30% after spot ETH ETFs launch — Crypto VC
24.6.2024
Mechanism Capital’s Andrew Kang believes an Ether ETF would provide limited upside for the asset unless Ethereum “develops a compelling pathway to improve its economics.”
Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings
23.6.2024
Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler...
Standard Chartered to establish a spot BTC, ETH trading space
21.6.2024
Standard Chartered is in the process of establishing a spot BTC and ETH trading space in London as a component of its FX trading unit. The space is expected to be operational in the near future. This is intended to facilitate the purchase and trade of ether and bitcoin. Digital asset custodian...
Standard Chartered Set to Launch Spot Crypto Trading for Bitcoin, Ethereum
21.6.2024
The British multinational banking and financial services firm Standard Chartered is initiating a spot cryptocurrency trading platform for bitcoin and ethereum, Bloomberg sources reveal. Sources Say Standard Chartered Ready to Launch Bitcoin and Ethereum Trading Operations On June...
Spot Bitcoin ETFs in witnessed net outflows of $139.88M in the US
21.6.2024
Spot bitcoin exchange-traded funds saw a net outflow to the tune of $139.88 million in the US. This continued for the past five days. Grayscale’s GBTC was ahead of the competition, coming up with a day-to-day net outflow amounting to $53 million. Second in line stood Fidelity’s FBTC, recording...
Standard Chartered Is Building a Spot BTC, ETH Trading Desk: Bloomberg
21.6.2024
Standard Chartered would become one of the first global banks to enter spot cryptocurrency trading
Bitwise’s latest Ethereum ad can be minted as an NFT
21.6.2024
Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors
Bernstein analysts expect $200K Bitcoin price by 2025 due to spot BTC ETF flows
20.6.2024
Analysts at Bernstein predict Bitcoin price to hit $200,000 by 2025 and $1 million by 2033