Tag: ETF

21Shares Bets On Polkadot, Files For Spot ETF With SEC

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

First-Ever Bitcoin Mining ETF Is Live – Will Meme Coins Like Best Wallet Soar?

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Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS). This is the world’s first such ETF. It offers an alternative to investors who are looking for alternatives to direct investments in BTC. This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives. Grayscale said that Bitcoin Miners…

Bitwise’s Bitcoin-Ethereum ETF gets initial SEC nod

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Bitwise Asset Management’s exchange-traded product tracking Bitcoin and Ethereum has received the initial nod from the United States Securities and Exchange Commission. According to a Jan. 30 update from the commission, the Bitwise Bitcoin and Ethereum ETF cleared its first regulatory hurdle after its 19b-4 filing was granted “accelerated approval.” It now awaits the regulator’s decision on its S-1 registration, the final step before trading can commence. A 19b-4 approval allows an exchange to list and trade a new financial product, while an S-1 registration is required for issuing new…

Bitcoin ETF inflows surge 500%, Ether ETFs start to recover

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Bitcoin exchange-traded funds in the U.S. recorded a significant jump in inflows, while Ether ETFs showed signs of recovery after three days of weak flows. According to data from SoSoValue, the 12 spot Bitcoin ETFs drew in $588.22 million in inflows on Jan. 30 nearly a 540% jump from the inflows recorded the previous day. BlackRock’s IBIT took the lead once again as the fund attracted $321.5 million in inflows from investors. Fidelity’s FBTC followed with an inflow of $209.14 million while Bitwise’s BITB and ARK 21Shares’ ARKB saw an…

Grayscale Launches Bitcoin Miners ETF as Mining Industry Poised for Massive Growth

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Grayscale Investments has launched the Grayscale Bitcoin Miners ETF, offering investors exposure to bitcoin mining firms, as the industry continues to expand. Grayscale Launches Bitcoin Miners ETF for Crypto-Focused Investors Crypto asset management firm Grayscale Investments announced on Thursday that it has introduced the Grayscale Bitcoin Miners ETF (Ticker: MNRS), a new exchange-traded fund designed […] Original

Grayscale launches Bitcoin miner ETF, offering new exposure to crypto

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Grayscale Investments has introduced the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund that provides exposure to publicly traded Bitcoin mining companies. The fund, which tracks the Indxx Bitcoin Miners Index, is designed for investors looking to gain exposure to the Bitcoin mining industry without directly investing in the cryptocurrency. Bitcoin miners play a key role in the Bitcoin (BTC) network, using powerful computers to solve complex mathematical problems that secure transactions and maintain network operations. In return, miners are rewarded with newly minted Bitcoin. The MNRS ETF…

Bitcoin ETF inflows remain weak amid Fed’s decision

Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee’s decision yesterday to keep interest rates unchanged weighs on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $92.09 million in inflows on Jan. 29, continuing the weak inflow trend for the second consecutive day. The majority of inflows seen on the day came from Grayscale’s mini Bitcoin Trust which drew in $106.23 million followed by Fidelity’s FBTC with $18.2 million in inflows. Meanwhile, BlackRock’s IBIT, which…

Nasdaq seeks to allow ‘in-kind’ redemptions for BlackRock’s Bitcoin ETF

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Nasdaq submits an SEC filing to allow in-kind transfers of BlackRock’s spot Bitcoin ETF, simplifying the process for authorized participants. In a filing submitted to the U.S. Securities and Exchange Commission, Nasdaq proposed on behalf of BlackRock to amend certain conditions made in the initial proposal for the iShares Bitcoin (BTC) Trust that would “allow for in-kind transfers of the Trust’s Bitcoin.” “The proposed in-kind transfer process will be an alternative to the Trust’s current cash creation and redemption process,” Nasdaq wrote in the document. If the amendment gets approved,…

Crypto ETF products see $1.9b weekly inflow as Trump backs Bitcoin reserve idea

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Weekly inflows into crypto ETF products hit $1.9 billion, following Trump’s backing of Bitcoin reserve proposals. Nearly $2 billion flowed into crypto investment products last week, boosting year-to-date inflows to $4.8 billion, CoinShares revealed in a Jan. 27 research report. Bitcoin (BTC) continues to dominate, pulling in $1.6 billion last week, or 92% of the total inflows. Year-to-date, it has attracted $4.4 billion in investments. Short-Bitcoin ETFs also saw $5.1 million in inflows, CoinShares notes, adding that this inflow was likely from traders preparing for potential market pullbacks after Bitcoin’s…

Bitcoin ETF weekly inflows slowdown despite optimism following Trump’s inauguration

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Inflows into spot Bitcoin exchange-traded funds in the United States tapered off over the past week, starkly contrasting the expectations of the crypto community following President Donald Trump’s inauguration. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced a slowdown in inflows over the past week, attracting approximately $1.76 billion from investors—around 10.5% less than the $1.96 billion recorded the previous week. These investment products reportedly drew over $1 billion on Jan. 17, marking their highest inflow since the beginning of the year, just ahead of Trump’s presidential…