Bitcoin exchange-traded funds (ETFs) locked in another green day with $80 million in net inflows, as Blackrock’s IBIT continued to dominate. Ether ETFs also maintained their upward trend, pulling in $46.63 million and pushing net assets just over $11 billion. Bitcoin ETFs Extend Green Streak As Ether ETFs Hit $11 Billion in Net Assets Investor […] Original
Data shows the US Ethereum spot ETFs have seen net inflows for eight consecutive weeks now, a sign of continued institutional demand. Ethereum Spot ETF Netflow Remains Positive In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the weekly netflow for the US spot exchange-traded funds (ETFs) of Ethereum has been looking. Spot ETFs refer to investment vehicles that allow investors to gain exposure to an asset without having to directly own it. These ETFs trade on the traditional platforms, so they…
Key Notes Truth Social’s crypto ETF will allocate 70% to Bitcoin, 15% to Ethereum, and smaller portions to XRP, Solana, and Cronos. Crypto.com affiliate Foris DAX Inc serves as custodian and liquidity provider for the proposed exchange-traded fund. Two additional crypto ETF products focusing on Bitcoin and Bitcoin-Ethereum combinations are also seeking regulatory approval. Truth Social, the social media platform owned by US President Donald Trump through Trump Media & Technology Group (TMTG), has further intensified its crypto investment drive. On Tuesday, July 8, the company filed a Form S-1…
Key point: Fidelity Investments’ proposed spot Solana (SOL) exchange-traded fund has been delayed as the US Securities and Exchange Commission has asked for public comments within 21 days and rebuttals within 35 days. Bloomberg ETF analyst James Seyffart said in a post on X that the delay was expected. In another post, Seyffart said that “interactions between the SEC and issuers/exchanges should be viewed positively.” Could Solana rise above its overhead resistance in anticipation of a possible approval down the line? Let’s analyze the charts to find out. SOL price…
Key Notes ProShares targets July 14 launch for leveraged XRP futures ETFs after receiving DTCC operational clearance for trading. Technical analysis reveals Golden Cross formation between 100-day and 200-day moving averages supporting bullish momentum. RSI at 58.89 indicates additional upside potential before reaching overbought territory above current levels. Ripple XRP $2.26 24h volatility: 0.2% Market cap: $133.78 B Vol. 24h: $4.52 B price broke above the $2.30 mark on Tuesday, July 8, as markets reacted to the positive developments surrounding XRP Futures ETFs. Can XRP bull capitalize on the positive…
Key point: Ether’s (ETH) price has been in a range for several days, but institutional investors seem to be silently accumulating. Ether exchange-traded products (ETPs) recorded $225 million in inflows for the trading week ended Friday, according to CoinShares data. It was the 11th successive week of inflows into Ether ETPs. Could sustained buying into Ether ETPs propel the price above the overhead resistance? Let’s analyze the charts to find out. Ether price prediction Ether has been maintaining above the 20-day exponential moving average ($2,507) for the past few days,…
Yorkville America Digital, LLC, in partnership with Trump Media & Technology Group (TMTG) – the company behind President Donald Trump’s “free speech” social media platform Truth Social – has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip exchange-traded fund (ETF). Yorkville and […] Source CryptoX Portal
Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets. According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF,” will track the performance of a basket of top crypto assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cronos (CRO) and XRP (XRP). The preliminary prospectus said the ETF will allocate 70% of its holdings to BTC, 15% to ETH, 8% to SOL, 5% to CRO and 2% to…
Trump Media’s application to list and trade shares of its Truth Social Bitcoin and Ethereum ETF is currently being reviewed by the U.S. SEC as of July 8. A recent filing showed that the U.S. Securities and Exchange Commission has accepted the application for a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund. Truth Social first lodged its S-1 form with the SEC for the crypto ETF that holds both Bitcoin and Ethereum on June 16. According to the filing, the ETF is meant to offer investors exposure to the two…
BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin , according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks. The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC’s 203,000 BTC and Grayscale GBTC’s 184,000 BTC. “New milestone, iShares Bitcoin ETF now holds…