Tag: ETF

New Grayscale ETF Aims To Include Major Cryptos: Bitcoin, Ether, Solana, And XRP

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Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas.  The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately…

Bitcoin ETF Inflows Climb While Ethereum Funds Face a Day of Losses

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Based on the latest figures from Tuesday’s exchange-traded fund (ETF) trading sessions, the 12 spot bitcoin ETFs experienced another day of positive inflows, totaling $371.02 million. In contrast, the nine ethereum-based ETFs recorded outflows, with $12.7 million exiting the ether funds. Bitcoin ETFs Pull in $371M While Ethereum Funds Drop by $12.7M On Tuesday, Blackrock’s […] Original

Litecoin rallies 11% amid spot ETF application and improving market sentiment

Litecoin surged to its two-month highs following the news of a spot Litecoin ETF filing with the U.S. Securities and Exchange Commission. Litecoin (LTC) rose 7.2% over the last day, exchanging hands at $71.52 on Wednesday, Oct. 16, its highest price seen since the end of July. LTC 24-hour price chart – Oct. 16 | Source: crypto.news This recent rally reflects a 15% increase from its monthly low, with Litecoin’s market capitalization growing from $4.6 billion on Oct. 3 to over $5.36 billion at the time of writing. The upward…

Bitcoin holding strong at $67k amid solid ETF inflows

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Bitcoin’s surge above the $67,000 mark came along with solid spot exchange-traded fund inflows and increased short liquidations. Bitcoin (BTC) is up 2% in the past 24 hours and is trading around $67,000 at the time of writing. Yesterday, Oct. 15, the flagship crypto asset surpassed $67,500 and even got close to the $68,000 zone, marking a two-month-high. BTC price – Oct. 16 | Source: crypto.news BTC’s market cap is currently hovering at $1.32 trillion with a daily trading volume of almost $50 billion. It’s rising trading volume shows increased…

Ex-Valkyrie Founder’s Canary Capital Group Files For First Litecoin (LTC) ETF

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Why This ETF Expert Is Bullish on Ethereum and Says Washington’s Crypto Stance Is Misunderstood

The White House took an adversarial stance towards crypto through most of U.S. President Joe Biden’s term – for example, going out of its way to veto a controversial accounting measure, SAB 121, which makes it hard for banks to custody crypto. But things started to change when former President Donald Trump said in May that he’d champion the industry. He then doubled down by vowing to constitute a strategic bitcoin reserve, to free Silk Road creator Ross Ulbricht from prison and to help the bitcoin mining industry develop in…

South Korea to Form Committee to Review Spot Crypto ETF Plans

South Korea is forming a 15-member public-private committee to address issues in the virtual asset market and explore cryptocurrency legislation. The committee will include government officials and representatives from the legal profession, academia, and the virtual asset industry. One of its key roles will be to evaluate South Korea’s plans for spot cryptocurrency ETFs and […] Source CryptoX Portal

Monochrome to launch Australia’s first spot Ether ETF

Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange-traded fund on Tuesday. The Ethereum (ETH) ETF will debut on the Cboe Australia, bringing the Monochrome Ethereum ETF with the ticker IETH to the market on Tuesday, Oct. 15. IETH launches a few months after Monochrome unveiled its spot Bitcoin (BTC) ETF, which launched in August. The Monochrome Bitcoin ETF (IBTC) held about 167 Bitcoin, worth AUD 15 million. Monochrome and its partner Vasco Trustees Limited filed an application for the listing of IETH on the Cboe Australia…