ETF Archives

SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement

January 13, 2024 boss

Based on current information, staff understands that, shortly after 4:00 pm ET on Tuesday, January 9, 2024, an unauthorized party gained access to the @SECGov X.com account by obtaining control over the phone number associated with the account. The unauthorized party made one post at 4:11 pm ET purporting to announce the Commission’s approval of spot bitcoin exchange-traded funds, as well as a second post approximately two minutes later that said “$BTC.” The unauthorized party subsequently deleted the second post, but not the first. Using the @SECGov account, the unauthorized…

Analyst Flags Market Peak Amid Spot ETF Hype Cooling Off

January 13, 2024 boss

A notable shift in market sentiment has recently been observed, particularly around the Bitcoin spot Exchange-Traded Funds (ETF) narrative. YouTube analyst Crypto Banter, in a recent analysis, suggests that the initial excitement surrounding Bitcoin spot ETFs is waning, leading to a change in investor behavior. According to Crypto Banter, despite significant trading volumes in spot Bitcoin ETFs, which totaled $4.6 billion with Grayscale (GBTC) leading the pack, there’s more than meets the eye. Analyst Predicts Pullback Amid Local Top Signs A deeper look into the analyst’s video reveals that GBTC’s…

Grayscale moves $183m in BTC amid ETF fee competition

January 12, 2024

Grayscale Bitcoin Trust transferred approximately 4,000 BTC, valued at $183 million, to Coinbase Prime deposit addresses. This was revealed from the latest data of Arkham Intelligence. Grayscale’s spot Bitcoin ETF, known for its comparatively high fee structure at 1.5%, may be witnessing a shift as investors explore options in response to the SEC’s recent approval of several spot Bitcoin ETFs. Other ETFs, managed by companies like BlackRock, VanEck, ARK 21Shares, and Bitwise, offer more competitive fees, ranging from as low as 0.2% to 1.5%, with some even introducing introductory waivers.…

Bitcoin Erases $49,000 ETF Rally As Coinbase Users Take To Selling

January 12, 2024 boss

Bitcoin had earlier shown a sharp rally toward the $49,000 mark, but the asset was quick to retrace the entire surge as the Coinbase Premium turned negative. Bitcoin Coinbase Premium Gap Plunged Into Negative During Past Day As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, the Coinbase Premium Gap has now turned notably negative after being mostly positive for the last few days. The “Coinbase Premium Gap” refers to the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase (USD pair) and…

Bitcoin Price Tumbles, Mining Stocks MARA, RIOT Drop 10% Boosting ETF ‘Sell the News’ Calls

January 12, 2024 boss

Cryptocurrency-adjacent stocks also endured significant pullback, with miners Marathon Digital (MARA) and Hut 8 (HUT) both recording more than 10% declines. Riot Platforms (RIOT), another BTC miner, sank 8%. Coinbase, the crypto exchange that plays a key role in multiple spot bitcoin ETFs, also saw its stock price drop 6%. Original

Franklin Templeton Takes Lead in Bitcoin ETF Fee War

January 12, 2024

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin Templeton’s Dethrones Bitwise According to a recent filing with the Securities and Exchange Commission (SEC), Franklin Templeton reduced the…

A trade that wins if bitcoin retreats now that an ETF is finally here

January 12, 2024 boss

Asset managers, as well as investors, have been hoping for a spot bitcoin ETF for more than a decade. They finally got their wish this week, but it may be time to fade that news with an options trade that wins if bitcoin and related stocks decline. The reluctant approval from the SEC follows many years of rejections and delays of various attempts to launch a spot bitcoin ETF for public investing. This good news also comes just a few months after the agency was handed a definitive loss in…

COINDESK’S COMPLETE ETF COVERAGE

January 12, 2024

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COINDESK’S COMPLETE ETF COVERAGE – CryptoX

January 12, 2024

CoinShares Looks to Buy Valkyrie Funds Following Bitcoin ETF Clearance

January 12, 2024

Being the third lowest performer by trading volume among the 11 spot Bitcoin ETFs that debuted on Thursday, Valkyrie’s spot Bitcoin ETF garnered just under $9 million in trading volume during the day. CoinShares International Limited, a leading player in the European digital asset industry, announced today that it has exercised its option to acquire Valkyrie Funds. This strategic move comes in the wake of the U.S. Securities and Exchange Commission’s (SEC) approval for Valkyrie’s spot Bitcoin ETF, which started trading on Nasdaq on January 11. CoinShares Expands its US…