Tag: ETF

Bitcoin Breaks $65K, $365M In Spot ETF Inflows Fueling The Rally

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Este artículo también está disponible en español. Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Related Reading Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million on…

MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin

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A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises traders returns of 175% of the daily percentage change in the share price of MSTR. MSTX went live on Aug. 15 and has so far taken in roughly $857 million, according to data from Bloomberg Intelligence senior ETF analyst Eric Balchunas, putting it in the top 8% of launches this year. Original

SEC pushes back Ethereum ETF options decision to November

The United States Securities and Exchange Commission has delayed its decision regarding the approval of options trading for spot Ethereum ETFs. In two separate filings, the SEC said it requires “sufficient time to consider the proposed rule change” that would allow Nasdaq ISE LLC and NYSE American LLC to offer options trading for spot Ethereum ETFs. Currently, BlackRock’s iShares Ethereum Trust (ETHA), Bitwise’s Ethereum ETF (ETHW), Grayscale’s Ethereum Trust (ETHE), and Ethereum Mini Trust (ETH) are the funds seeking the commission’s approval. BlackRock filed for the rule change for its…

BNY Mellon targets crypto ETF custody post-SAB 121 review

Following an exemption from an SEC staff accounting bulletin, BNY Mellon edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY Mellon was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall Street. According to the report, America’s oldest banking house moved closer to crypto ETF custody after a review by the Office of the Chief Accountant at the U.S. Securities and Exchange Commission. The review, which seemingly granted BNY Mellon a Staff Accounting Bulletin 121 (SAB 121) exemption, means…

Spot Bitcoin ETF inflows tumble, Ether ETFs shed $79.3m

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Spot Bitcoin exchange-traded funds in the U.S. experienced a significant drop in net inflows on Sept. 23, while spot Ether ETFs ended their two-day inflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.56 million, 95% lower than the $92 million inflows recorded the previous trading day. Fidelity’s FBTC led the lot again with $24.9 million in inflows following nine days of positive flows and one day of neutral flows seen by the fund. BlackRock’s IBIT, the largest BTC ETF, followed with $11.5…

QCP Capital: Crypto Rally Extends, Supported by ETF Inflows

Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis […] Source BitcoincryptoexchangeExchanges CryptoX Portal