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Massive increase in US spot Bitcoin ETF outflow


The American spot Bitcoin exchange-traded funds scored gross outflows of $200 million yesterday. The new development happens when two key economic events from the US are anticipated: the FOMC conference and the consumer price announcement. There has been a remarkable increase in US Spot Bitcoin...

US Spot Bitcoin ETFs reverse 19-day inflow streak with $65M outflows


The US Spot Bitcoin ETF had an inflow streak of 19 days before it came to an end this Monday. That is when the market saw an outflow of $64.93 million. Nevertheless, the streak was the longest since the approval of Bitcoin ETFs and has showcased its capabilities. The eleven ETFs collectively...

Spot Ethereum ETF suppliers await SEC’s version on S-1 filings


Expectant spot Ethereum ETF suppliers await the SEC’s view-point on their S-1 filings, following them forwarding their initial drafts on the 31st of May, 2024.  The suppliers were under the impression that the SEC will offer their view-point about their sent drafts by the 7th of June. However,...

Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year


Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after...

Blackrock’s IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows


U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S....

Ethereum ETFs remain behind spot Bitcoin items


Although the Ethereum ETFs have received consent, they remain behind spot Bitcoin items, awaiting their formal registration. In this matter, the top financial institutions such as BlackRock and Fidelity are waiting to get the consent from the Securities and Exchange Commission (SEC) for registering...

Spot Ether ETF could reduce ETH supply by 1.26M in first 5 months


The US Securities & Exchange Commission has approved 19b-4 forms. It could approve S-1 registration forms any time later. This would pave the way for exchange platforms to enable traders and investors to engage with Spot Ether ETF. It is estimated that the approval of the registration form will...

Thailand’s SEC Approves Bitcoin ETF Fund for Wealthy Investors


The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged Fund Not For Retail Investors...

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