State of Michigan Unveils Nearly $6,600,000 Investment in ARK 21Shares Bitcoin ETF – The Daily Hodl
New documents reveal that the state of Michigan has millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to the new 13-F Filing The State of Michigan Retirement System, in cooperation with the U.S. Securities and Exchange Commission (SEC), has purchased 110,000 shares of the ARK 21Shares BTC […]
Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B – Cointelegraph
Grayscale Ethereum Trust ETF (ETHE) has seen over $1.5 billion in outflows, with a net outflow of $356 million in a single day on July 26. according to July 26 was a particularly volatile day for spot Ether (ETH) exchange-traded funds (ETFs), with net outflows totaling $163 million, according to data from SoSo Value. Grayscale’s […]
Hong Kong to launch Asia’s first inverse Bitcoin ETF – Cointelegraph
On July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse product (7376.HK), Asia’s first Bitcoin futures inverse product, will be launched in Hong Kong. A new exchange-traded fund (ETF) from CSOP Asset Management, one of China’s largest asset managers, aims to give investors a way to profit from falling Bitcoin (BTC) prices. The development follows […]
Ether price may dip after ETF 'novelty' wears off due to surging supply – Cointelegraph
If Ethereum supply continues to grow at its current pace, the initial excitement around a spot Ethereum exchange-traded fund (ETF) may fade and Ethereum prices may fall, according to analysts. “If ETH supply continues to grow by about 60,000 per month as it has since April, supply will return to merger levels by December,” crypto […]
Ether ETF opens the floodgates for Solana ETFs and crypto products: Analyst – Cointelegraph
The launch of the first spot Ethereum exchange-traded fund (ETF) opens the door for more cryptocurrency exchange-traded funds, including Solana-based ETFs. The upcoming launch of the first spot Ether (ETH) ETF could pave the way for more cryptocurrency ETFs, according to Bloomberg senior ETF analyst Eric Balchunas. Analysts expect to see more products based on […]
BlackRock's ETF business just keeps growing, but the search for revenue goes on – CNBC
Judged by these standards, Fink’s bet proved to be one of the greatest financial investments of all time. A comprehensive analysis of BlackRock’s ETF business is a difficult task, but revenue, assets under management (AUM) and growth potential are certainly important factors. According to Morningstar equity strategist Gregory Warren, BlackRock’s total revenue for 2023 is […]
Asia’s growing tribe of ETF investors swells assets to US$1.3 trillion – South China Morning Post
Luke is part of a growing group of investors in Asia who are investing in ETFs. Low-cost, diversified and transparent, these products are becoming an increasingly go-to option for both retail and institutional investors, with the region becoming the fastest growing in the world. According to independent research and consulting firm ETFGI, total ETF assets […]
Ethereum ETF countdown: Bitwise CIO sees 'birth of a new asset class' – CNBC
Wall Street is bracing for a new set of cryptocurrency exchange-traded funds: Ethereum. Pending approval from the U.S. Securities and Exchange Commission, a spot Ethereum ETF could hit the market as early as this week, and Bitwise Asset Management’s Matthew Hogan plans to get in on the action. “This is kind of the birth of […]
Ethereum rebounds, whales scoop ETH: Will the ETF approval boost gains? – AMBCrypto News
Ethereum whales have been buying aggressively, with recent large transactions signaling renewed confidence. Anticipation of an Ethereum ETF approval has prompted large inflows from institutional investors, signaling bullish sentiment. Ethereum [ETH] The price increase sparked increased activity among large holders of the cryptocurrency, commonly known as whales. After a week of downward trend, ETH price […]
Ethereum steadies above $3k amid ETF buzz: A turnaround in sight? – AMBCrypto News
Ethereum strengthened its recovery trajectory with price fluctuations indicating seller exhaustion. Bullish speculators are hoping the debut of a U.S.-based spot Ethereum ETF will spur a bullish reversal. Ethereum [ETH] Ethereum traded higher on July 9 after an eventful day the previous day, which saw the proposed issuer of a U.S. spot Ethereum exchange-traded fund […]