Tag: ETF

Crypto ETF trading now available for UBS clients in Hong Kong

Swiss financial services company UBS Group AG will now allow wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs), joining its rival HSBC Holdings. According to Bloomberg, citing anonymous sources, UBS Group’s Hong clients can trade Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs. Those are authorized by the Securities and Futures Commission (SFC), starting from Nov. 10th.  Hong Kong’s largest financial institution, HSBC, became the first bank to allow its customers in the special administrative region of China to trade the three…

Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing

Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators. Source

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

boss

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts. The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock’s iShares Bitcoin Trust was registered in a similar manner 7 days before…

BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

boss

Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9. Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the “iShares Ethereum Trust.” The move signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations. NASDAQ’s 19b-4 filing to the SEC for BlackRock’s iShares Ethereum Trust. Source: NASDAQ Earlier on Nov. 9, it emerged that BlackRock…

BlackRock’s (BLK) Ether (ETH) ETF Plan Is Confirmed in Nasdaq Filing

“Either CME surveillance can detect spot-market fraud that affects both futures ETFs and spot exchange-traded products, or that surveillance cannot do so for either type of product,” the filing said. “Having approved ETH futures ETFs in part on the basis of such surveillance, the Commission has clearly determined that CME surveillance can detect spot-market fraud that would affect spot ETPs, and the Sponsor thus believes that it must also approve spot ETH ETPs on that basis.” Source

BlackRock prepares to file spot Ether ETF

Global asset management behemoth BlackRock has signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based ETF. BlackRock, the world’s largest asset manager, is laying the groundwork for a potential spot Ethereum exchange-traded fund (ETF). The evidence pointing to this development is a filing for an iShares Ethereum (ETH) Trust that was recently posted on the Delaware Department of State’s website. This action suggests that BlackRock, which oversees approximately $9 trillion in assets, is considering proposing an Ethereum ETF to…

Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF

boss

Move over Bitcoin ETF, it is time for Ethereum to take the center stage. $9 trillion asset manager BlackRock has revealed its intention to to launch a spot Ethereum ETF, and it already sent the price per ETH above $2,000. Ethereum ETF News From BlackRock Prompts Break Above $2,000 Ethereum sentiment has recently been in the gutter, but breaking news today has instantly revived the top altcoin and caused its price to surge higher. That news was none other than BlackRock announcing its intention to file for a spot ETH…

Solana breaks $20b market cap as ETF buzz fuels Bitcoin over $37k

boss

The coin was one of the top gainers on Nov. 9 amid a broad market upturn that propelled Bitcoin (BTC) to an 18-month high as crypto’s leading token headed toward $38,000. Bitcoin’s leap above $37,000 for the first time since May 2022 coincided with Solana’s market cap breaking above the $20 billion mark as inflows poured into cryptocurrencies across the board.  The last time SOL boasted a market cap north of $20 billion was in summer of 2022, during Terra’s collapse and caused subsequent bankruptcies among some of the industry’s…

Analysts Identify 8-Day Window for 12 Spot Bitcoin ETF Approvals

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of the deadline for several pending spot Bitcoin ETF filings, with November 8 marking…