Tag: ETF

ARK Invest, 21Shares join queue to offer Ethereum futures ETF

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Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission. The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as…

Here’s Why Arthur Hayes Is Not In Support Of A BlackRock Spot Bitcoin ETF

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Many stakeholders in the crypto industry have welcomed the idea of traditional finance firms offering a Spot Bitcoin Exchange-Traded Fund (ETF) as they believe it will further drive crypto adoption. However, the former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, seems to be against the move. Problems With BlackRock Spot Bitcoin ETF Filing In a post published on his Substack platform, Hayes made his displeasure known regarding the recent wave of Spot Bitcoin ETF applications by prominent traditional financial (TradFi) institutions, including BlackRock. Contrary to public opinion, he…

Grayscale’s spot Bitcoin ETF encounters further setback

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Court of Appeals has, once more, deferred its decision on Grayscale’s ability to convert its widely used Bitcoin Trust into a traditional spot Bitcoin ETF. Grayscale’s chief legal officer, Craig Salm, disclosed this announcement on X on Aug. 22. According to Salm’s message, the DC Circuit involving Grayscale has not materialized, and there are still no decisions across the board, including those unrelated to Grayscale, leaving the status of the bitcoin (BTC) spot ETF…

Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization

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Arthur Hayes believes that Bitcoin ETFs from BlackRock, Fidelity, etc. would harm decentralization.  Hayes recently stated that ETFs from TradFi giants could interfere with crypto mining firms.  The crypto entrepreneur projected that BTC will continue to hover around the $25,000 level in Q3 2023.  Hayes added that the U.S. Federal Reserve’s policies would eventually trigger a crypto rally.  Arthur Hayes, the visionary entrepreneur behind crypto exchange BitMEX, believes that the traditional finance sector’s increasing interest in Bitcoin ETFs will end up harming the broader crypto industry by bringing down decentralization.…

Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF

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The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale’s Spot Bitcoin ETF lawsuit against the United States Securities and Exchange Commission (SEC) on August 22 following its failure to do so on August 18. However, the crypto community would have to wait longer as the court has once again failed to make a decision. Court Delays Spot Bitcoin ETF Decision For The Third Time According to a tweet by Grayscale’s Chief Legal Officer Craig Salm, the appeal court failed to make a decision regarding his…

SEC may approve Ethereum futures ETF as DigiToads launches NFT game

In the crypto markets, things can happen very slowly and then all at once. An insider recently revealed that a US regulator could fast-track the approval of several futures products for Ethereum.  Currently, more than 12 futures products are on the pending list. However, the Securities and Exchange Commission’s (SEC) unexpected move on Ethereum futures exchange-traded fund (ETF) will likely see them all approved at once.  The expected capital influx to Ethereum (ETH) could boost its ecosystem, and analysts are confident this could also support ERC-20 tokens.  Popular decentralized finance…

Bitcoin spot ETF launches on Euronext, analysts expect more growth for this AI-centric altcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jacobi Asset Management’s recent introduction of a Bitcoin (BTC) Spot ETF on Euronext could bridge the gap between traditional finance and crypto, potentially unleashing a new era of investment possibilities. Amidst this development, InQubeta is fast rising. The artificial intelligence (AI)-centric altcoin appears to be capturing the imagination of tech enthusiasts and investors alike. The convergence of AI and non-fungible tokens (NFTs) can also open new avenues for innovation.  This article explores InQubeta’s growth potential while shedding light…

BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin’s price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts. Unfortunately, due to the decentralized nature of cryptocurrencies and the lack of transparency…

Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent media highlighting that a decision by the…

Europe’s new spot Bitcoin ETF boosts market share: BDSwiss

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mazen Salhab of BDSwiss is optimistic about the future of cryptocurrency. Indeed, the U.S. Securities and Exchange Commission (SEC) is making life tough for crypto businesses like Ripple, Binance and Coinbase in the U.S. However, market sentiments are unlikely to diminish, Salhab says. Read on to hear the recently appointed chief market strategist for BDSwiss MENA (Middle East and North Africa) opine on a variety of topics, including the spot Bitcoin ETF that just went live,…