Tag: ETF

GBTC Discount Narrows With Spot BTC, ETH ETF Approvals Expected Soon

“Recent extreme market volatility showed Arbitrum is still the lead performer in the L2 race, capturing six times the 24-hour trading volume of Optimism, and 25 times that of Base,” Ben Yorke, WOO Ecosystem VP said in a note shared with CoinDesk, referring to layer-2 blockchains. “That said, what’s clear is that Ethereum is still ultimately the end boss, overseeing more than twice the volume of all Layer 2 scaling solutions combined – driven in part by the volatility surrounding Blackrock’s apparent filing for an ETH ETF.” Source

Peter Schiff Predicts Bitcoin Crash as US ETF Frenzy Gets Slowly Priced In despite High Optimism

While Peter Schiff thinks Bitcoin price will crash before the ETF launch in the United States, analysts at AllianceBernstein issued a prediction of $150k in 2025 driven by the halving event and institutional inflows. The recent Bitcoin (BTC) breakout has significantly raised investors’ optimism for a continued bullish trend in the coming weeks toward the end of the year. Already, the altcoin market led by Ethereum (ETH), Solana (SOL), and Chainlink (LINK) has made significant gains in the past few days suggesting the bulls are in control. However, Peter Schiff,…

Ethereum co-founder Vitalik Buterin makes $57m in one day on ETF news

Ethereum co-founder Vitalik Buterin saw his cryptocurrency holdings surge in value by over $57 million in a single day, according to data gathered from blockchain analytics platform Arkham Intelligence. The platform reported that the assets held in Buterin’s publicly known addresses grew from $468 million on November 9 to $525 million on November 10, an increase of over 12% in 24 hours. Of Buterin’s $525 million in holdings, $518 million is in Ethereum (ETH). This means the one-day growth is almost entirely attributed to the appreciation of ETH. This Ethereum…

Ether Surges on BlackRock’s ETF Plans

Ether’s (ETH) BlackRock (BLK)-prompted surge past $2,000 on Thursday stole the spotlight from bitcoin (BTC), which is down slightly on the day, at around $36,500, while ether is now around $2,100. According to David Lo, head of financial products at Bybit, ether could push further. “Historically, ETH often makes significant gains following a peak in Bitcoin’s value, a pattern that may repeat here giving us a price target of around $2500,” said Lo. “After that, there may be a final rotation of profits into lower-cap coins before a cooling-off period,…

$9 Trillion BlackRock Files Ethereum Spot ETF, What’s So Special About It?

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Following BlackRock’s official filing of Spot Ethereum with Nasdaq, reports have confirmed that BlackRock’s Ether ETF plan has been confirmed by Nasdaq and is on its way to the US SEC to gain final approval.  BlackRock Ethereum Spot ETF Confirmed American multinational investment company, BlackRock has been making waves in the crypto space after news spread of NASDAQ listing the investment firm’s Ethereum Spot ETF, iShares Ether Trust in Delaware. “BlackRock’s Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq,” Bloomberg Research Analyst, Jeff Seyffart stated.  While BlackRock’s…

BlackRock Anticipates SEC Green Light for Spot Bitcoin ETF by January

With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday. According to the report, citing people familiar with the matter, the $9 trillion asset manager is confident that the approval of the ETF is imminent and will not exceed January. If approved, the BlackRock’s spot bitcoin…

Ethereum Price Soars as BlackRock Files Ethereum ETF Application

ETH price surge is not only attributed to BlackRock’s move but is also complemented by a resurgence in Ethereum network activity. Ethereum (ETH), has seen a significant price increase, surpassing the $2,000 mark following reports that the world’s largest asset manager, BlackRock Inc (NYSE: BLK), has taken preliminary steps toward the creation of an Ethereum Exchange-Traded fund (ETF). BlackRock’s Move into Ethereum ETF According to a filing on Thursday, BlackRock Advisors filed for the registration of an iShares Ethereum Trust in the state of Delaware. The entity responsible for the…

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

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The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping ETH to get past the critical resistance of $2,000 for the first time in six months. ETH price chart. Source: TradingView Apart from ETH, other altcoins also saw significant gains…

Coinbase (COIN) Shares, ETH Liquid Staking Tokens Surge on BlackRock ETH ETF Application

COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According to a Thursday report, BlackRock Advisors registered the iShares Ethereum Trust as a corporate entity in Delaware. BlackRock’s Application for Spot ETH ETF Sends Tokens Soaring The news was first greeted by an Ether urge…