Tag: ETF

Bitwise seeks SEC approval for spot NEAR ETF

Bitwise Asset Management has filed for a spot Near ETF with the United States Securities and Exchange Commission.  According to a May 6 Form S-1 filing, the proposed Bitwise NEAR ETF is designed to give investors direct exposure to the price of the NEAR token by holding actual NEAR tokens in custody. NEAR is the native token of the Near Protocol, a layer-1 blockchain known for its high throughput and energy-efficient proof-of-stake consensus mechanism. Originally launched in 2020, Near was developed to tackle the blockchain trilemma of scalability, security, and…

BlackRock Bitcoin ETF clocks 16 days of inflow as BTC reclaims $97K

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Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the fund on May 6, according to HODL15Capital.   The inflow streak was noted by ETF Store President Nate Geraci, who also observed on X that the fund was approaching $5 billion in new capital.  “I remember…

Bitwise files S-1 for NEAR ETF

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Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval. The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May 6 registration statement shows. Bitwise named Coinbase Custody as the proposed custodian of the Bitwise NEAR ETF. The management fee, ticker and stock exchange it seeks to list on weren’t named yet.  Source: Cointelegraph Bitwise…

Best crypto to buy now as Bitcoin ETF inflows surge ahead of Fed decision

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Cryptocurrency prices have pulled back this week as market attention shifts to Wednesday’s Federal Reserve interest rate decision. Bitcoin (BTC) has pulled back from last week’s high of $97,000 to $93,700, while Ethereum (ETH) remains below the $2,000 level. The total market capitalization of all cryptocurrencies has slipped to $2.9 trillion, with the crypto fear and greed index stuck at a neutral point. On the positive side, assets in spot Bitcoin ETFs have surged by $5 billion in the last two weeks, signaling that there is still demand from institutional…

LTC Price Cracks 6% as SEC Delays Litecoin ETF Approval

Key Notes LTC’s daily trading volumes surged by 50% to $553 million, with investors eyeing $81.54 as a potential support level for a recovery. Popular crypto analyst Crypto Patel sees Litecoin in its “Best Accumulation Zone” between $65-$85, with a short-term target of $250. The US SEC is seeking public input on compliance standards for the Litecoin ETF, with comments due by the end of the month. Litecoin LTC $90.41 24h volatility: 7.5% Market cap: $6.86 B Vol. 24h: $432.71 M price has cracked nearly 6% earlier today after the…

VanEck files for BNB ETF, first in US

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Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show.  The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” according to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States. The BNB token has a market capitalization of roughly…

Litecoin Surges 5% on Hopes of ETF Approval

Key Notes Litecoin jumped past $88 amid speculation over a potential spot ETF approval. The SEC is expected to decide today on the Canary Capital ETF with a projected high approval rate. Daily trading volume rose over 56%, indicating rising investor interest. Decentralized peer-to-peer digital asset Litecoin (LTC) is in the spotlight following a notable price increase. This increase comes amid renewed discussions about the US SEC’s potential approval of its associated spot exchange-traded fund. Per the update, on May 5, Litecoin saw a 5% rise, reaching $88.65. Expectations on…

VanEck Submits S-1 Document for Its BNB ETF: New ATH Soon?

Key Notes VanEck has submitted the Form S-1 registration for a first-of-its-kind U.S.-based BNB ETF. If approved, the ETF would allow staking of held BNB to earn additional yield. BNB has been consolidating in a symmetrical triangle pattern since February, with analysts anticipating a breakout soon. U.S. asset management giant VanEck has recently submitted the Form S-1 registration statement for its Binance Coin (BNB) exchange-traded fund (ETF). The document includes detailed information about the “VanEck BNB ETF,” such as its business operations, financial condition, and the methodology for determining the…