Tag: ETF

Bitcoin ETF Options To Supercharge Price Volatility, Expert Warns

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Este artículo también está disponible en español. The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing crypto derivatives and why they could significantly impact the Bitcoin market dynamics. Why Bitcoin ETF Options Are A Game Changer Park outlined a comprehensive thesis in the interview, noting, “Volatility is not just a static…

Spot Bitcoin ETF inflows surge nine fold, Ethereum ETFs stall

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows, while Ethereum spot ETFs saw a complete standstill. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged inflows of $235.19 million on Oct. 7, a surge of over nine times compared to the $25.59 million inflows recorded the previous trading day. Fidelity’s FBTC led the charge with $103.68 million in inflows, followed closely by BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, which saw $97.88 million. IBIT had reported zero flows…

Bitcoin ETF outflows surpass $300m: Watch key price levels

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Spot Bitcoin exchange-traded funds in the U.S. recorded outflows of over $300 million this week as global macroeconomic events sparked uncertainty over short-term direction. After closing the historically bearish September with over $1.1 billion in inflows, roughly $388.4 million moved out of the 12-spot Bitcoin ETF funds between Oct. 1 and Oct. 3 coinciding with the escalating Iran-Israel conflict, which pushed Bitcoin’s price to a weekly low of $60,047. On Oct. 4, better-than-expected U.S. payroll data brought some relief to the market, allowing Bitcoin to reclaim the $62,000 level, while…

Bitwise eyes Bitcoin-Treasury ETF

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Bitwise has spun another crypto ETF filing after bidding for an XRP fund with the U.S. Securities and Exchange Commission. Bitwise furthered an exchange-fund trading filing spree with a new fund application targeting Bitcoin (BTC) and U.S. Treasuries.  According to Bloomberg’s James Seyffart, the product with ticker BITC would pivot capital between the leading cryptocurrency and America’s premiere short-term debt obligation. After initially filing for the fund last December, Bitwise submitted amended documents renaming its latest crypto investment vehicle to the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF. It’s…

Spot Bitcoin ETF net outflows streak hits three days, totaling $361.2m

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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.13 million on Thursday, Oct. 3, following the previous day’s $91.76 million withdrawal. ARK 21Shares’ ARKB fund led the pack with $57.97 million in outflows, marking its fourth consecutive day of declines, with $212.1 million exiting the fund this week alone. Fidelity’s FBTC trailed closely with $37.21 million in outflows, despite…

Bitwise submits XRP ETF bid with SEC 

Bitwise has taken another step toward an XRP ETF with a formal Securities and Exchange Commission filing. On Oct. 2, crypto index fund manager Bitwise submitted a Form S-1 document with the U.S. SEC for an XRP exchange-traded fund, according to the regulator’s official website. A press statement from the company confirmed the filing, and Bitwise CEO Hunter Horsley said an XRP ETF would improve opportunity access for more crypto investors. At Bitwise, we believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century.…

Bitwise’s Spot XRP ETF Registration Statement Unveiled, Price Falls 7%

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Este artículo también está disponible en español. Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development.  XRP ETF Applications Gain Momentum Despite this initial step, the road to approval is fraught with challenges. No XRP ETF is guaranteed to meet the SEC’s regulatory standards.  Related Reading Recent reports indicate that applications for…

Grayscale ETF Revenue Outranks Rivals despite Outflow, Here’s Why

Key Notes Grayscale is the worst performing Bitcoin ETF per total outflow. Despite this, the product has a higher revenue margin than BlackRock. Its high fees account for this disparity. Grayscale Investments, one of the industry’s largest digital asset managers, has faced significant challenges since converting its flagship product, the GBTC into spot ETF. A staggering drop in Assets Under Management (AUM) at GBTC has been recorded due to aggressive investor capital outflows.  Despite this decline, Grayscale continues to generate substantial revenue, largely due to the high fees attached to…