Analysts suggest that spot Ethereum exchange-traded funds (ETFs) in the United States could potentially launch by late June. BlackRock, a leading asset management firm, recently updated its Form S-1 filing for its iShares Ethereum Trust (ETHA), a crucial step towards the ETF’s approval and subsequent trading. The Securities and Exchange Commission (SEC) had already approved…
Read more
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has generated significant traction, accounting for 95% of the total inflow into United States spot Bitcoin ETFs on Tuesday. The combined inflows for these ETFs surpassed $300 million, a substantial boost for the market. Preliminary data from Farside Investors reveals that BlackRock’s iShares Bitcoin Trust (IBIT) witnessed a substantial inflow of…
Read more
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was…
Read more
A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs. The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to…
Read more
BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, although this figure decreased from the…
Read more
A recent decision by Stanford University’s Blyth Fund saw a 7% allocation of its endowment toward Bitcoin investments. In an X post, the leader of the Stanford Blockchain Club Kole Lee announced that Stanford Endowment bought Bitcoin at $45,000 in February. Stanford Endowment has bought Bitcoin at 45k. In February, pitched IBIT to Blyth Fund,…
Read more
Bitcoin ETFs bought over 10,000 additional BTC on their fifth trading day, even as Grayscale saw continued outflows. Image by Thanasak Wongsuk, Vecteezy. The fervor around the newly launched spot Bitcoin exchange-traded funds (ETFs) continued unabated on their fifth day of trading, with the funds scooping up an additional 10,667 BTC worth around $440 million.…
Read more
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). This follows a meeting between Grayscale and the SEC…
Read more
BlackRock questioned the SEC’s preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and crypto-futures ETFs. BlackRock has argued that the U.S. Securities and Exchange Commission doesn’t have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently. BlackRock’s plan for a spot-Ether (ETH)…
Read more
In a significant development for cryptocurrency investment vehicles, Blackrock Inc., through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives Deeper Into Crypto With Ethereum ETF Plan Amid Regulatory Clarity After…
Read more
