Tag: ETF

Wells Fargo invests in Grayscale spot Bitcoin ETF

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Wells Fargo, one of the largest U.S. banks, has invested in Grayscale’s spot Bitcoin ETF offering. According to the U.S. SEC website, Wells Fargo invested in a spot Bitcoin (BTC) ETF from Grayscale and ProShares. Source: SEC The company owns 37 ProShares Bitcoin Strategy ETF shares, which offer exposure to BTC futures, and 2,245 shares of the Grayscale Bitcoin Trust, which have been converted into an ETF. It also has 52 shares of Bitcoin Depot on its balance sheet. The total cost of the Bitcoin investment was over $143,000. However,…

Robinhood (HOOD) Wells Notice Shouldn’t Deter Eventual SEC Approval of an Ether (ETH) Spot ETF: JPMorgan

The popular trading platform received the notice – a preliminary warning from the regulator about potential enforcement action – on May 4, the company said in a filing on Monday. The notice should be viewed as a “continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities,” analysts led by Nikolaos Panigirtzoglou wrote. Source

Bitcoin Gets ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase

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Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter of 2024. The Bitcoin ‘Monster Whales’ Are Here The details of the investment are particularly notable for their scale and diversity. Susquehanna now holds 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), which alone is…

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

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In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%.  With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing only Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether’s USDT stablecoin. Despite its substantial growth, asset management giant and Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton anticipates further expansion for Solana as the emerging…

Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC

According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Grayscale’s spot Bitcoin ETF sees second day of consecutive inflows

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Grayscale’s Bitcoin Trust (GBTC) experienced a second consecutive day of net inflows, marking a notable turnaround from the outflows exceeding $17.5 billion since the introduction of spot Bitcoin (BTC) ETFs in January.  According to data provided by Farside Investors, GBTC, which stands tall as the world’s largest spot Bitcoin ETF, saw $3.9 million in inflows on May 6. While this figure pales in comparison to the capital influx of others such as the Fidelity Wise Origin Bitcoin Fund (FBTC), it was sufficient to secure GBTC its second consecutive day of…

Bitcoin jumps above $65k amid Fed report, ETF inflows

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Bitcoin’s price has surpassed $65,000 after the cryptocurrency dropped below $57,000 last week. Bitcoin (BTC) reached $65,500 at the moment, but according to CoinMarketCap data, it had fallen again to $63,500 at the time of writing. Source: CoinMarketCap The coin’s asset dominance regained some positions alongside a BTC price jump. The indicator reflects the share of Bitcoin’s market capitalization in the total market capitalization of all cryptocurrencies, reaching 54.8%. In addition, the Fear and Greed Index has risen two basis points over the past 24 hours. Source: Alternative.me The last…

Grayscale Bitcoin ETF records first inflow after losses

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Grayscale’s Bitcoin Trust (GBTC), the largest Bitcoin (BTC) exchange-traded fund (ETF) by assets, has reported its first net inflow since its launch in January 2024. This comes after the fund experienced $1.6 billion in outflows before the Bitcoin halving. On May 3, GBTC recorded a net inflow of $63 million, according to data from Farside Investors. This marked the first positive net flow for the fund since its conversion to an ETF in January, when 11 new spot Bitcoin ETFs were launched in the U.S. Several factors contributed to the…

Spot Bitcoin ETF Token Presale Crosses $200,000 – Blockchain News, Opinion, TV and Jobs

ETFswap (ETFS) is reshaping how the crypto industry interacts with Spot Bitcoin ETFs through the tokenization of assets, triggering massive demand for its token presale.  The approval of the first Spot Bitcoin ETFs in January 2024 by the United States Security and Exchange Commission (SEC) opened up the industry for fresh investment from new investors. However, Spot Bitcoin ETFs are not very accessible to the broader crypto community members, but to the deep pockets in the crypto industry.  Thankfully, ETFswap (ETFS) is reshaping the whole dynamics by making it possible…

Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market

Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s rise in spot Bitcoin exchange-traded funds (ETFs). The firm, which provides price data for the ETFs, is now handling about $24 billion worth of crypto ETFs, according to a Bloomberg report, representing roughly half of the crypto benchmarking market. CF Benchmarks CEO Sui Chung said in an interview the firm…