Tag: ETF

Here’s why Ethereum ETF inflows are lagging behind Bitcoin

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Spot Ethereum exchange-traded funds, or ETFs, had seven consecutive days of outflows shedding over $5.7 million in assets on Friday, Aug. 23, bringing the cumulative figure to $464 million, data by SoSoValue shows. Cumulative net assets locked in these Ethereum (ETH) ETFs stand at about $7.65 billion. The Grayscale Ethereum Trust has $5 billion followed by the Grayscale Mini Ethereum Trust with $1.01 billion. It is followed by ETFs from Blackrock, Fidelity, Bitwise, and VanEck. Institutional investors reluctance In a note to Bloomberg, crypto analyst Noelle Acheson noted that many…

Bulls Must Hold $2,500, Spot ETF To Catalyze Demand

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Ethereum, similar to most altcoins, is under significant selling pressure, struggling to shake off the weakness of early August. Even though there were flashes of strength after the climactic sell-off on August 5, prices are still below $2,800. The only positive for now, at least looking at the daily chart, is the impressive bulls’ resilience. Despite the wave of lower lows, buyers have soaked in the deluge of selling pressure, holding prices above the $2,500 mark. The bearish formation, nonetheless, remains, but one analyst thinks the rejection of lower prices…

Institutions Increased Their Bitcoin (BTC) ETF Allocation in Second Quarter, Bitwise Says

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Brazil Approves Second Solana (SOL) ETF

According to the CVM database, the new Solana (SOL) ETF, which is in a pre-operational phase, will be offered by Brazil-based Hashdex — a Brazil-based asset manager with over $962 million in assets under management — in partnership with the local investment bank BTG Pactual. Source

Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review

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Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […] Original

Spot Bitcoin ETF inflows jumped 223%, crypto market corrects

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Fidelity led the way for the second consecutive day with $61.3 million worth of inflows to its spot Bitcoin ETF — the Fidelity Bitcoin Fund. BlackRock’s IBIT followed with $20.4 million in inflows after a day of inactivity. The increase in activity comes as SoSoValue data shows that 12 U.S.-based spot Bitcoin (BTC) ETFs recorded $36.01 million in inflows on Aug. 16. That’s a 223% increase compared to Aug. 15, when net inflows were $11.11 million. Other notable inflows included $13.4 million into ARK 21Shares’s ARKB, $12 million into Bitwise’s…

NYSE Scrubs Plan to List BTC ETF Options

The SEC extended its review period multiple times after publishing the NYSE proposal for public comment in February 2024, eventually initiating formal proceedings in April, but the proposal was withdrawn by the exchange before a final decision was made. Source

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

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Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […] Original