Tag: ETF

Solana Staking ETF Blasts Off: $12M on Day One

Key Notes The REX-Osprey Solana Staking ETF (SSK) debuted with $12 million in inflows and $33 million in trading volume. Solana’s price is consolidating within a symmetrical triangle pattern, targeting highs of $194–$305. CME SOL futures hit an open interest at $167 million, and analysts forecast a 95% chance of a spot SOL ETF by year-end. The United States’ first Solana staking exchange-traded fund (ETF) — the REX-Osprey Solana Staking ETF (SSK) — roared into its debut with $12 million in inflows and $33 million in trading volume on its…

BlackRock’s BTC ETF Outearns S&P 500 Fund by $100K

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BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report. “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure,” NovaDius Wealth Management president Nate Geraci told Bloomberg on Wednesday.  Bitcoin has now captured Wall Street’s “undivided attention” With an expense ratio of 0.25% and around $75 billion in assets under management (AUM), BlackRock’s…

Blackrock Bitcoin ETF Titan Dethrones Its $624B S&P 500 Fund in Fee Revenue

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Blackrock’s Bitcoin ETF is now out-earning its flagship S&P 500 fund, marking a pivotal moment as institutional money floods into crypto amid surging investor demand. Blackrock’s Bitcoin ETF Revenue Surpasses S&P 500 Fund Amid Crypto Demand Surge A sharp divergence in exchange-traded fund (ETF) revenue streams reveals how investor demand for crypto exposure is overtaking […] Original

SOL Rallies After Staked ETF Launch But $160 Must Hold

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Key point: REX Shares launched the first-ever US-staked cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking.   Although the price action showed promise in the past few days, the recovery fizzled out on Tuesday. Could buyers push the price above the overhead resistance in the next few days? Let’s analyze the charts to find out. Solana price prediction Solana turned down from the 50-day simple moving average ($156) on Monday, indicating that the bears are fiercely defending the level.…

ETH Price Breakout Might Result From Spot ETF Flows

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Key point: Ether (ETH) has been range-bound for several days, but institutional investor demand is picking up. Glassnode data shows 106,000 Ether flowing into spot Ether exchange-traded funds last week, the seventh successive week of positive flows. However, not everyone is bullish on Ether. Etherscan shows two Ethereum wallets unstaked and withdrew 95,920 Ether early in June. A large portion of that, 62,289 Ether, has been deposited in various exchanges, potentially to be sold. Will Ether’s range-bound action resolve to the upside or the downside? Let’s study the charts to…

Ethereum ETF Inflows Surge on Rising Institutional Demand

Key Notes On July 1, ETHA recorded $54.8 million in inflows, contributing to a total of $5.5 billion since inception, and maintaining inflows for 29 of the last 30 days. Bit Digital (BTBT) announced a $162.9 million equity raise to expand its ETH holdings. Largest ETH corporate holder SharpLink Gaming purchased another 4,951 ETH, bringing its total holdings closer to 200K ETH. Despite the jittery market conditions, inflows into spot Ethereum ETFs have remained strong, with BlackRock iShares Ethereum Trust ETF (ETHA) dominating most of the flows. On July 1,…

Figma IPO Filing Reveals $70M Bitcoin ETF Holdings

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Design software company Figma revealed in a regulatory filing that it owns nearly $70 million worth of shares in Bitcoin exchange-traded funds and has set aside $30 million in stablecoins to buy Bitcoin. Figma filed with the Securities and Exchange Commission on Tuesday to go public on the New York Stock Exchange under the ticker symbol “FIG,” with the paperwork detailing the firm’s current financial position. The filing said Figma invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024, and its value stood at $69.5 million…

SEC eyes single-track crypto ETF listings in quiet talks with exchanges

A little-known SEC consultation could scrap months of bureaucratic delays for crypto ETFs. Instead of dual filings, issuers may soon need just an S-1 and patience, setting the stage for an unprecedented wave of listings. FOX Business reporter Eleanor Terrett has uncovered early discussions between SEC officials and major exchanges about creating standardized listing rules for crypto ETFs. The potential overhaul could fundamentally change how these funds reach the market. Instead of navigating the bureaucratic maze of 19b-4 approvals, issuers might only need to file an S-1 registration and endure…

Ethereum In Demand: ETF Inflow Streak Extends To 7 Weeks

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Institutional demand for Ethereum appears strong as spot exchange-traded funds (ETFs) have recorded seventh-straight week of inflows. US Ethereum Spot ETFs Have Recently Seen Continuous Inflows In a new post on X, the analytics firm Glassnode has shared an update on how the netflow related to the US Ethereum spot ETFs is looking. Spot ETFs are investment vehicles that allow investors to gain exposure to a given cryptocurrency without having to directly own tokens of it. These ETFs trade on traditional platforms, so traders taking this route don’t have to…