Tag: ETF

US SEC postpones decision on spot Bitcoin ETF options

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The U.S. SEC has again postponed its decision on applications for spot Bitcoin ETF options. According to a recent filing, the SEC delayed its decision to launch options trading on the Bitcoin ETF while requesting public comment. The SEC said comments must be provided within the next 21 days and rebuttals within 35 days. The agency has questioned whether options on spot Bitcoin ETFs should follow the same rules as stocks. “Whether options on the specified Bitcoin ETPs should be subject to the same position limits as options on stock, and whether the available…

BlackRock IBIT ETF logs first zero-inflow day since US Bitcoin ETF launch

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BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were launched in the United States in January. Since its start on Jan 11, IBIT has continuously drawn millions of dollars in daily investments, totaling approximately $15.5 billion in just 71 days. However, BlackRock’s inflow run ended on April 24, when it recorded $0 inflows. Bitcoin ETF Flow (US$ million) – 2024-04-24 TOTAL NET FLOW: -120.6(Provisional data) IBIT: 0FBTC: 5.6BITB: 0ARKB: 4.2BTCO: 0EZBC: 0BRRR: 0HODL: 0BTCW: 0GBTC: -130.4DEFI: 0 For all the data &…

BlackRock’s Bitcoin (BTC) ETF (IBIT) Snaps 71-Day Inflows Streak, Data Show

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U.S. SEC delays Grayscale spot Ethereum ETF

Grayscale’s application to convert its trust into a spot Ethereum ETF has been delayed by the U.S. SEC.  The SEC deferred its decision on a proposed rule change to allow U.S. national exchanges to list and trade spot Ethereum (ETH) ETFs pitched by Grayscale until June 23.  “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change, as modified by Amendment No. 1,…

SEC delays Franklin Templeton spot Ethereum ETF

The U.S. SEC postponed the application to open an Ethereum ETF from Franklin Templeton. According to a document published on the regulator’s website, the Commission considers it appropriate to set a more extended period for action on the proposed rule change to give it sufficient time to consider the proposed rule change and its issues. The SEC must decide on Franklin Templeton’s application by June 11. “The Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change.” SEC filing In February, Franklin…

Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC

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The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […] Original

Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

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The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares. (Pro forma financial statements are projections of future expenses and revenues, based on a company’s past experience and future plans.) Original

Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving 

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Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January.  For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows were recorded as $4.3 million, as Fidelity and BlackRock garnered demand to offset some of GBTC’s liquidations. Fidelity’s FBTC net inflows came in at $37.3 million, outpacing $18.7 million, boasted BlackRock’s…

All Quiet On The Bitcoin ETF Front

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The recent approval and launch of spot Bitcoin ETFs have brought about notable changes in market dynamics. Among the most significant players affected is Grayscale, a leading institution in the crypto space. Grayscale’s Bitcoin Holdings Experience Decline Grayscale, known for its Bitcoin Trust (GBTC), held the highest BTC market capitalization among institutions. However, an in-depth analysis reveals a decline in its Bitcoin holdings over recent months. From nearly 620,000 BTC in January, Grayscale’s holdings have dwindled to a little over 300,000 BTC at the time of reporting. This decline raises…