Tag: ETFs

Spot BTC ETFs recorded $0 inflows, Bitcoin price drops

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Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have recorded $0 net inflows for the fourth time since their launch in January. According to data provided by Farside Investors, spot BTC ETFs stood still on May 27 as the broader crypto market faced correction. Notably, this is also the first time in the past two weeks that Bitcoin ETFs recorded no inflows. Data shows that the BTC ETFs registered over $2 billion in net inflows between May 13 and 24. The total net inflows in the first two weeks…

Bloomberg Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand

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Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents. Related Reading ETH Spot ETF Limited By Ethereum’s Utility And Other Factors – Analyst In an interview session on X on May 24 hosted by Bitwise…

SEC greenlights spot Ether ETFs, but Ether price shows little movement

Ethereum’s price has barely budged despite the US Securities and Exchange Commission (SEC) giving the green light for spot Ether exchange-traded funds (ETFs) to launch faster in the United States. Ahead of the SEC’s landmark approval, Ether fell by 3.4%, rebounding by around 5% shortly after. As of now, Ether is trading at $3,701, with a 24-hour trading volume of $47.5 billion, according to CoinMarketCap. ETH 24-hour price chart | Source: CoinMarketCap On May 23, the SEC approved 19b-4 applications from financial giants such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and…

Ether ETFs, DOGE Tesla payments, and Rollblock revenue share dominate headlines

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Several game-changing crypto announcements have been made over the last week. Firstly, the U.S. SEC hinted at the potential release of an Ethereum ETF, which has triggered a massive Ethereum (ETH) rally.  Meanwhile, Tesla launched Dogecoin (DOGE) payments on its website, suggesting that Elon remains bullish about the meme coin. At the same time, Rollblock’s revenue share initiative has caught global attention, and experts are soaring to its presale…

Analyst Says Ethereum Spot ETFs Approval Will See “Animal Spirits” Reignite Crypto

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A crypto analyst has made a rather cryptic prediction, suggesting that the approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could unleash a new wave of “animal spirits.” This term in crypto is often used to describe an irrational exuberance and optimism that fuels financial markets.  Ethereum Spot ETF To Reignite Animal Spirits In an X (formerly Twitter) post on May 22, a crypto analyst identified as “the DeFi Villain,” made a bold forecast, anticipating the resurgence of the bull run altcoin season following…

US Spot Bitcoin ETFs Mark Ninth Day of Inflows, Led by Blackrock’s $89M Gain

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U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock’s IBIT led the way, securing $89 million, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.9 […] Original

When Spot Ethereum ETFs Go Live ‘Expect A Bloodbath’: Expert

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Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer suggests that the transition might not be smooth for Ethereum. “The Grayscale Ethereum Trust launched in 2017 and accumulated most of its $9 billion dollars worth of ETH well before staking existed. These funds will be unlocked now. Expect a bloodbath. It will accelerate the ETH -> BTC Trade. Hold me to account if…