Tag: ETFs

Bloomberg analyst predicts June launch date for spot ETH ETFs

Eric Balchunas, a senior Bloomberg ETF analyst, has predicted that the launch of spot Ethereum ETFs could occur by late June. The latest forecast follows BlackRock’s recent amendment to its Form S-1 filing for the iShares Ethereum Trust, submitted to the Securities and Exchange Commission (SEC) on May 29. This update came nearly a week after the SEC approved BlackRock’s 19b-4 filing, both essential steps for the ETF to commence trading. “Good sign. [Probably] see rest roll in soon,” Balchunas stated in a May 29 X post. Balchunas indicated that…

Blackrock’s IBIT and Fidelity’s FBTC Drive $28M Inflows for US Bitcoin ETFs

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On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops Inflows as U.S. Bitcoin ETFs Maintain Positive Streak Blackrock’s Ishares bitcoin trust (IBIT) led on May 29, with $24.5 million […] Original

Spot Bitcoin ETFs Issuers Buy Up 5% Of BTC Supply, $100 Million To Flow Into ETFSwap (ETFS) Presale – Blockchain News, Opinion, TV and Jobs

Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale. In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million. ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows  ETFSwap (ETFS)…

US Bitcoin ETFs Achieve $45 Million Inflows, Blackrock’s IBIT Still Trails GBTC in BTC Holdings

U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Research Firm Predicts Ethereum Explosion To $15,000 With ETFs

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Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory. This analysis follows on the heels of a significant regulatory nod from the US Securities and Exchange Commission (SEC), which approved the 19b-4 applications for eight leading financial entities — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. These approvals, granted under a collective omnibus order on May 23, set the stage for the final steps, which involve…

BlackRock’s IBIT flips Grayscale’s GBTC to lead US spot Bitcoin ETFs

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BlackRock’s IBIT has surpassed Grayscale’s GBTC, becoming the largest spot bitcoin ETF in the U.S. The latest flip comes after BlackRock’s spot bitcoin exchange-traded fund (ETF) saw a $102 million inflow on Tuesday. IBIT now holds nearly $20 billion worth of bitcoin, as reported on its product page on Wednesday morning. In contrast, GBTC holds $19.7 billion after experiencing $105 million in outflows on the same day. On May 28, BlackRock incorporated the bitcoin ETF into its income and bond-focused funds during the first quarter. The firm’s Strategic Income Opportunities…

Bitcoin ETFs see $45m in inflows

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Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a net inflow of $45 million on May 28.  This extended their win rate to 11 straight days despite the Grayscale Bitcoin Trust ETF (GBTC) experiencing $105.2 million in outflows. These ETF products collectively saw an inflow of 632 BTC. The positive capital flow was due to BlackRock’s and Fidelity’s products overshadowing the 1,550 BTC outflow from GBTC.  Notably, BlackRock’s iShares Bitcoin Trust (IBIT) witnessed inflows worth $102.5 million, the largest for any ETF. Meanwhile, Fidelity’s Wise Origin Fund (FBTC) recorded the second-highest…