Tag: ETF

Crypto lawyer uncertain of May Ethereum ETF approval

Jake Chervinsky, Chief Legal Officer at Variant Fund, raised doubts about the SEC’s approval of spot Ethereum ETFs in the U.S. by the May deadline. Chervinsky highlighted the complex legal and policy environment in Washington, D.C., as a significant factor that could lead to the SEC denying the applications or requesting their withdrawal despite the successful launch of spot Bitcoin ETFs in January. SEC Chair Gary Gensler has clarified that the approval for Bitcoin ETFs should not be interpreted as a broader acceptance of cryptocurrency ETFs, emphasizing the unique status…

Tron founder teases ETF; investors flowing to Arbitrum and InQubeta

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Justin Sun of Tron has sparked discussions about the possibility of spot TRX ETF. Meanwhile, investors have been doubling down on Arbitrum (ARB) and InQubeta (QUBE). InQubeta can grow The InQubeta presale has raised over $10.5 million in presale. In stage 8, QUBE is trading for $0.0245. InQubeta intends to build the first crypto-based crowdfunding platform for tech startups. Within its custom-built NFT marketplace, startups will be able to…

BlackRock Spot Bitcoin ETF Launches In Brazil, ETF Market Secures 4% Of Total BTC Supply

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BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In Brazil Karina Saade, president of BlackRock in Brazil, highlighted the company’s commitment to providing high-quality access vehicles to investors in the digital asset market. She stated: IBIT39 is a natural progression of our efforts over…

Large Investor Appears Selling Grayscale’s GBTC but Bitcoin ETF Inflows Remain Positive Led by BlackRock’s IBIT

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The large outflow could perhaps indicate that crypto lender Genesis started or ramped up the pace of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis received bankruptcy court approval on Feb. 14 to sell 35 million GBTC shares – then worth $1.3 billion, now roughly $1.9 billion – but outflows from GBTC were muted over the past two weeks until Thursday’s spike. Original

Blackrock’s Bitcoin ETF Single-Handedly Offsets Grayscale’s $600M Outflow — IBIT Now Holds 161K BTC

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Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), single-handedly offset Grayscale’s bitcoin ETF outflow of $600 million on Thursday. Blackrock’s bitcoin ETF has broken both its trading volume and inflow records this week. The fund’s crypto holdings have risen to 161K bitcoins. Blackrock Continues to See Massive Inflows Blackrock’s spot bitcoin exchange-traded […] Original

Institutional investors poised to fuel major surge in Bitcoin ETF adoption, Bitwise predicts

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Bitwise anticipates a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering Bitcoin ETF trades to their clients. Matt Hougan, Bitwise’s Chief Investment Officer, shared a number of insights during a CNBC interview on Feb. 29, stating that the initial interest in Bitcoin ETFs has primarily come from retail investors, hedge funds, and independent financial advisors. Hougan projected that this trend would soon extend to institutional investors, marking a pivotal moment for Bitcoin that he likened to an “IPO…

Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease

South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain regulations and the ETF ban before the commencement of South Korea’s general election. South Korea Holds Back on Crypto Regulation and Reported […] Source CryptoX Portal

Grayscale CEO advocates for spot Bitcoin ETF options

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Grayscale renewed pressure on the SEC to greenlight options on spot Bitcoin ETF as the investment manager seeks new rails to onboard capital into its crypto fund. Grayscale CEO Michael Sonnenshein said approving options for spot Bitcoin (BTC) ETFs would benefit all GBTC investors and participants in other spot BTC-backed products looking to generate income and hedge financial positions. Sonnenshein previously advocated for the speedy acceptance of spot BTC ETF options as an additional tool for market regulations, as it would bring more stakeholders like broker-dealers into the fold.  Options…