SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF – The Block
Policy • February 6, 2024, 5:34 PM ET issued 1 minute ago upon The Securities and Exchange Commission has postponed the timeline for a decision on whether to approve the proposed Invesco Galaxy Ethereum ETF. The agency had previously postponed a decision on the fund until December, and announced on Tuesday that it was “beginning […]
Fidelity Bitcoin ETF rakes in reported $208M, offsetting Grayscale outflows alone – Cointelegraph
Fidelity’s Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded $208 million in daily inflows on January 29th, the first time it has received an inflow from the Grayscale Bitcoin Trust outside of its launch date. It is reported that the amount exceeded the outflow. According to provisional data According to Farside Investors, Fidelity’s inflows into FBTC […]
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50% – Cointelegraph
Bitcoin (BTC) was stuck at $42,000 in Wall Street trading on January 29 as new exchange-traded funds (ETFs) began to outflow. BTC/USD 1 hour chart. Source: TradingView Bitcoin ETF comfortably absorbs GBTC outflows Data showed that BTC price trend continues to retreat from the local high of $42,800 seen over the weekend. Fresh off a […]
Stock market to 'nowhere?' Two ETF experts see more trouble ahead in China – CNBC
China may struggle to attract investors again this year. Mike Akins of ETF Action sees the challenges tied to the country's ability to generate stock market profits. “It's like the old cliché: Fool me once, shame on you, fool me twice, shame on you,” the firm's founding partner told CNBC's ETF Edge this week. “China's […]
Traders swoop on bitcoin 'cash and carry' trade after ETF launches – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Futures traders are jumping on the arrival of the first U.S. spot Bitcoin exchange-traded fund, stepping up lucrative bets on volatile movements in crypto-related prices. The number of Bitcoin futures contracts open at Chicago's CME Group rose […]
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address – CoinDesk
Crypto asset management firm Bitwise on Wednesday became the first of 10 spot Bitcoin exchange-traded fund (ETF) issuers to publicly release digital wallet addresses. The company is based in San Francisco Tweeted a screenshot This shows the Bitcoin address and holdings (11,858 Bitcoin) of the Bitwise Bitcoin ETF (BITB) as of January 23rd. “Everyone can […]
Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs – CoinDesk
Activities of ProShares Bitcoin Strategy ETF (BITO), the world's leading Bitcoin (Bitcoin) Futures-based exchange-traded funds (ETFs) have cooled significantly since the launch of ETFs that invest directly in cryptocurrencies began trading in the United States on January 11. Just over $500 million worth of BITO stock was transferred to the NYSE on Thursday, 75% from […]
This Week in Coins: Despite ETF Hype, Bitcoin and Ethereum Plunge Hard – Decrypt
Illustration by Mitchell Preffer of Decrypt. More than a week after the launch of the Spot Bitcoin Exchange Traded Fund (ETF), the cryptocurrency market is in trouble. Over the past week, Bitcoin (BTC) has lost more than 10% of its value. according to To CoinGecko. The largest digital coin by market capitalization currently costs $41,002. […]
SEC Punts Fidelty Spot Ethereum ETF Decision to March – Decrypt
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for a decision on Fidelity's proposed Spot Ethereum ETF to March 5th. According to Thursday filingthe SEC specified a “longer period for taking action on proposed rule changes” in order to have “sufficient time to consider the proposed rule changes and the issues raised […]
Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities – CoinDesk
Silver has been around since dying stars began spewing out the metal billions of years ago. Bitcoin is 15 years old, but it's already a big deal in the US ETF market. The Bitcoin ETF had more assets than the silver ETF at the moment of its approval by the U.S. Securities and Exchange Commission […]