Tag: ETFs

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

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In a recent development, asset manager Bitwise has withdrawn its application to transform its existing Bitcoin futures ETF (Bitwise Bitcoin Strategy Optimum Roll ETF) to one that invests in both Bitcoin and Ethereum futures contracts.  This has raised speculations about the reason for this decision and what it means for the Ethereum futures ETFs projected to launch in October. Why Bitwise Withdrew Its Application Reporting this development on his X (formerly Twitter) platform, Bloomberg Analyst James Seyffart stated that the asset manager has chosen to maintain only its Bitcoin exposure…

Bitcoin ETFs or not, don’t expect a ‘sexy’ crypto bull run — Concordium founder

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The next crypto bull run will look nothing like the last one, and investors should tame their expectations of an imminent rocketing of cryptocurrency prices. At least that’s what Lars Seier Christensen, founder of enterprise blockchain Concordium, told Cointelegraph in a recent interview. As the majority of the crypto market looks to the swathe of proposed spot Bitcoin (BTC) exchange-traded funds with bullishness, Christensen is doubtful their approval will be an immediately meaningful driver for the crypto markets. “Even if you do get a Bitcoin rally, I don’t think you should…

How a Spot Bitcoin ETF Could Revolutionize Markets Like Gold ETFs Did

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Like gold ETFs, a bitcoin ETF would make it significantly easier for a broader range of investors to gain exposure to bitcoin. It eliminates the need for investors to directly buy and store bitcoin. While this difficulty did not discourage early adopters, it can be a complex and daunting process for many (i.e., imagine walking a grandparent through the cold storage process). Fun fact: Before the first gold ETF was launched, investors could invest in clunkier closed-end funds, gold companies like miners or lug around the actual shiny metal. With…

Why The NASDAQ’s Latest Move Is Important For Fund Managers Filing Ethereum ETFs

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Traditional financial institutions that have filed crypto ETF applications have focused on a particular market (spot or futures). However, a recent NASDAQ application suggests that the asset manager Hashdex is taking a different approach, which could be a game changer in the Ethereum ETF race.  NASDAQ Proposes To List Ethereum ETF According to the application filed with the US Securities and Exchange Commission (SEC), the stock exchange plans to list and trade shares of the Hashdex Nasdaq Ethereum ETF, which will be managed and controlled by Toroso Investments LLC. Interestingly,…

Market Awaits News on Inflation and Crypto ETFs – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ).  Bitcoin (BTC) closed last week around $25,850, a 0.5% decrease in price from its previous week’s closing price of $26,000. The market keeps following the trend of low volumes and volatility observed in this Q3. In the last 11 weeks, the BTC price fluctuated by less than 0.75% in 8 weeks. Low volatility is confirmed looking at the annualised volatility of BTC on a 30-day basis, which remains at one of the lowest levels ever recorded,…

VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

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The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will “ultimately start the clock” for an SEC decision.   On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange. In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings, the…

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

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The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research.  In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had greatly improved the chances of a spot Bitcoin ETF approval despite the sentiment not being reflected in the price of Bitcoin or other mainstay crypto assets. The analysts explained while Bitcoin had all but given…

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

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On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and the SEC’s order to deny the GBTC listing application be vacated. Previously, Rao said that the SEC did not “offer any explanation” as to why Grayscale was in the wrong.  Initial enthusiasm in the crypto…

Multiple Bitcoin ETFs incoming: JP Morgan analyst

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JP Morgan analysts, led by Nikolaos Panigirtzoglou, suggest that Grayscale’s court victory over the United States Securities and Exchange Commission (SEC) sets the stage for a flurry of Bitcoin (BTC) exchange-traded funds (ETFs). In a recent note, JP Morgan analysts proposed that the SEC might need to reconsider its approval of a futures-based Bitcoin ETF to prevent the conversion of Grayscale Bitcoin Trust (GBTC) into a spot ETF. However, the analysts deem this scenario unlikely, as…

Bernstein Says Crypto ETFs Could Extend beyond Bitcoin and Ethereum

Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised to introduce a new era of diversified digital asset investments. Analysts at Bernstein believe that…