Tag: ETF

BlackRock CEO teases feasibility of an XRP ETF

Asset management firm BlackRock is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF).  Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. In July 2023, a judge presiding over the SEC’s…

SEC fines Van Eck $1.75m for influencer’s role in ETF launch

The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $1.75 million civil penalty on prominent investment adviser Van Eck Associates Corporation. In a Feb. 16 statement, the SEC disclosed that during Van Eck’s 2021 launch of a new exchange-traded fund (ETF), the VanEck Social Sentiment ETF, the investment firm did not fully disclose the involvement of a well-known social media personality in the marketing of the product.  SEC is making VanEck pay a $1.75m fine bc they didn’t disclose to fund board that “well-known and controversial” social media…

Spot Bitcoin ETF takes center stage, but what really lies ahead?

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The news of the United States Securities and Exchange Commission approving the first regulated Bitcoin spot exchange-traded fund (ETF) on January 10 roared through the crypto industry like wildfire. This decision marks a significant milestone in the crypto industry’s maturity. The first application for this instrument was filed all the way back in 2013 and ultimately got rejected by the SEC. Over a decade later, it has…

Blackrock’s Bitcoin ETF Holdings Near 110K BTC

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Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch about a month ago. The world’s largest asset manager’s bitcoin ETF has a total net inflow of nearly $5 billion, leading the pack among all spot bitcoin ETFs. Blackrock CEO Larry Fink has stated that […] Original

Ether Traders Target $3.5K as ETH Jumps on ETF Expectations

As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an ether ETF. They already offer spot bitcoin (BTC) ETFs, which were introduced mid-January. Since then, the funds have accumulated $11 billion worth of BTC and helped propel the price of the largest cryptocurrency through $52,000. Source

Coinbase (COIN) to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say

He points out that outflows from ETFs – driven by Grayscale’s Bitcoin Trust (GBTC) – outpaced the inflows for the funds that Coinbase provides custodial services for, dragging down Coinbase’s ETF-related assets under management (AUM). In addition, spot volumes on the exchange have slowed after the initial excitement surrounding the ETF launch, Dolev said. Source BitcoincryptoexchangeExchanges CryptoX Portal

$1,600,000,000,000 Asset Manager Submits Application for Spot Market Ethereum Exchange-Traded Fund (ETF)

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Global investment giant Franklin Templeton has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot market Ethereum (ETH) exchange-traded fund (ETF). The investment firm, which currently reports $1.6 trillion in assets under management (AUM), was one of 11 applicants who received approval from the SEC last month to launch a spot Bitcoin (BTC) ETF. If the product is approved, the Bank of New York Mellon will be the custodian of the fund’s cash holdings, according to Franklin Templeton’s filing, which was submitted on February 12th.…

Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B

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The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. […] Original