Tag: ETFs

What does it mean for Bitcoin ETFs?

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The U.S. ETF market, valued at approximately $8 trillion, largely hinges on three key firms.  Essential to the ETF ecosystem, authorized participants (APs), a specialized type of broker-dealer, have not expanded in number despite the sector’s rapid growth. These APs play a crucial role in ensuring every North American ETF’s liquidity and efficient operation.  Bloomberg’s analysis of over 3,400 fund filings reveals that most U.S. ETF flows are managed by just three firms – Bank of America, Goldman Sachs, and JPMorgan. In fact, for many funds, over 90% of all…

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

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United States Securities and Exchange Commission (SEC) chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin (BTC) exchange-traded products following a recent Grayscale court decision. Speaking to CNBC on Dec. 14, Gensler was questioned about the long list of pending spot Bitcoin exchange-traded fund (ETF) applications. He said the SEC has “between eight and a dozen filings” going through the process at the moment. “We had in the past denied a number of these applications,” he said before adding that the courts have weighed…

Bitcoin ETF’s impact overstated, Ethereum set to surprise skeptics

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A report from America’s largest bank said spot Bitcoin ETF flows in Canada and Europe hint at what to expect in the U.S., adding that upcoming Ethereum upgrades beckon more interest in ETH. Analysts at JPMorgan foresee a lackluster performance from spot Bitcoin ETFs should the U.S. Securities and Exchange Commission (SEC) approve applications from some 13 issuers in early 2024. Also, the Bitcoin (BTC) halving is already priced in and will likely have no further price impact, according to Chase Bank.  The report’s prediction pivoted from general crypto-native sentiment,…

Top five blockchain ETFs that returned over 100% in 2023: Data

As the cryptocurrency community has been focused on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some crypto-linked ETFs have already been racking up significant gains in 2023. One such ETF is the VanEck Digital Transformation ETF (DAPP), which has surged nearly 207% year to date (YTD), according to data from TradingView. Launched in April 2021, DAPP tracks the price and performance of the MVIS Global Digital Assets Equity Index, which, in turn, is based on the performance of major companies involved in…

Will Bitcoin ETFs follow gold ETFs’ path to success?

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Will the much-anticipated approval of spot Bitcoin ETFs be the catalyst for widespread adoption, or could it paradoxically hinder Bitcoin’s growth? As of Dec. 11, the U.S. Securities and Exchange Commission (SEC) has not approved any spot Bitcoin (BTC) ETF applications despite growing interest and numerous filings from major financial entities.  This persistent reluctance stems from concerns about fraud and market manipulation, with the SEC emphasizing the need for a “comprehensive surveillance-sharing agreement with a regulated market of significant size.” Historically, applications for Bitcoin spot ETFs have been repeatedly submitted…

Can Bitcoin Spot ETFs Attract Enough Capital? Experts On What Will Lead To ATH

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Trading firm QCP Capital has shared its thoughts on what could drive the flagship cryptocurrency, Bitcoin, to its all-time high (ATH) of $69,000. From their analysis, Spot Bitcoin ETFs have a huge role to play in all of this.  Bitcoin Hitting $69,000 Dependent On Spot BTC ETFs QCP Capital stated that revisiting its ATH of $69,000 will depend on the “genuine flows the actual ETF will bring in the first few weeks of trading.” If the inflows are below par, the trading firm noted that it could set things up…

Investment Giants BlackRock and Fidelity Stir Interest in Spot Bitcoin ETFs Among Professionals

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These prospective bitcoin ETF issues have a significant amount of assets under management (we estimate around $16 trillion), so they could have a huge impact on crypto. If only a small percentage of that amount gets invested into bitcoin, the effect would most likely be very significant because, currently, bitcoin exchange-traded products only amount to $38.8 billion of assets, based on our calculations (including Grayscale’s trust). Original

Taiwan will review global trends before deciding on crypto ETFs

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Taiwan’s principal financial regulator, the Financial Supervisory Commission (FSC), is considering allowing crypto exchange-traded funds (ETFs) in the country, but only after analyzing the product’s development in other markets worldwide. At the moment, the FSC considers itself to be “in the exploratory phase.”  According to a Dec. 5 report in the Taiwanese newspaper, the Commercial Times, the FSC is closely watching developments in the United States, where the Securities and Exchange Commission will review spot Bitcoin (BTC) ETFs in January. It also monitors developments in Canada and Australia, where local…

Hashdex tips spot Bitcoin ETFs to trade by Q2, followed by Ethereum

Hashdex, one of the 13 asset managers vying for spot Bitcoin (BTC) exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether (ETH) ETF. “The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in 2023, the narrative around this product switched from a question of ‘if’ to a matter of ‘when,’” said Hashdex’s U.S. and Europe head of product Dramane Meite in a 2024 outlook report, published on Dec. 4.…