Tag: ETFs

SEC Chair Gensler Criticizes Crypto Exchanges, Warns of Delays for Spot Ethereum ETFs – SuperCryptoNews

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SEC Chair Gary Gensler raised concerns regarding the ethical practices of cryptocurrency exchanges and indicated that the introduction of spot Ethereum exchange-traded funds (ETFs) will experience delays. During an interview with CNBC on June 5, Gensler addressed inquiries from Jim Cramer regarding potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. He disclosed that while the SEC approved the associated 19-4b filings for spot Ethereum ETFs last month, the launch of these products would “take some time.” Gensler cited ongoing procedural reviews as the reason for the delay but refrained…

Ahead of Ether ETFs Debut, Bitmex Introduces 200x Leverage for Ethereum

On June 5, 2024, the crypto derivatives exchange Bitmex announced it is offering 200x leverage for ethereum perpetuals ahead of the U.S. ether exchange-traded funds (ETFs) trading debut. Bitmex Ramps Up Ethereum Trading With 200x Leverage Offering According to a social media post on X published Wednesday, Bitmex is introducing 200x leverage perpetuals for ethereum […] Source BitcoincryptoexchangeExchanges CryptoX Portal

US Spot Bitcoin ETFs Record Second-Highest Inflows at $886.6M, Led by Fidelity’s FBTC

On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday. U.S. Spot Bitcoin ETFs Secure Over $61 Billion in BTC Holdings Spot bitcoin ETFs have been experiencing daily inflows […] Source CryptoX Portal

Bitcoin ETFs record second-best inflow day since March, $886.6m added

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The U.S.-based spot Bitcoin exchange-traded funds (ETFs) have experienced their second-best-ever joint net inflow day, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with an inflow of $378.7 million, followed by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. ARK 21Shares Bitcoin ETF (ARKB) was the third-best performer, bringing in $138.7 million in net inflows. Bitcoin ETF Flow (US$ million) – 2024-06-04 TOTAL NET FLOW: 886.6(Provisional data) IBIT: 274.4FBTC: 378.7BITB: 61ARKB: 138.7BTCO: 0EZBC: 0BRRR: 1.6HODL: 4BTCW:…

Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March

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$3,000,000,000 in Ethereum Has Left Crypto Exchanges Since SEC Approved Listing of ETH ETFs, Says Analyst

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An on-chain analyst and trader says crypto exchanges have been witnessing massive Ethereum outflows since the listing approval of spot ETH exchange-traded funds. Ali Martinez tells his 63,500 followers on the social media platform X that market participants have taken out 777,000 ETH worth $3 billion from crypto exchanges since the U.S. Securities and Exchange Commission (SEC) green-lighted spot ETH ETFs last month. Source: Ali Martinez/X At time of writing, Ethereum is trading at $3,776, a fractional decrease in the past day. Turning to fellow layer-1 protocol Toncoin (TON), the…