Spot ETF – Ƀitsell X

Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data

September 6, 2024

Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place…
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290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch

July 14, 2024

According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing,…
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Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’

May 28, 2024

Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at…
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SEC Approves First Eight Spot Ether ETFs

May 24, 2024

The Securities and Exchange Commission (SEC) has approved the first eight proposals for spot ether exchange-traded funds (ETFs). According to a document issued on May 23 that orders grating an accelerated approval for these products, NYSE Arca obtained permission to list the Grayscale Ethereum Trust and the Bitwise Ethereum ETF, Nasdaq can now list the…
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Nasdaq Revises World’s Largest Asset Manager Blackrock’s Spot Ether ETF Proposal

May 22, 2024

On Wednesday, Nasdaq, the second-largest American stock exchange based in New York City, revised its 19b-4 filing for Blackrock’s spot ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Nasdaq Amends Blackrock’s Ether ETF 19b-4 Filing Following several amended 19b-4 filings by Cboe on Tuesday, Nasdaq has refiled Blackrock’s 19b-4 submission. Blackrock,…
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Investor Caution Persists as Digital Asset Investment Products See $126M in Outflows

April 15, 2024

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. While trading volumes did experience a slight increase from $17 billion to $21 billion on a week-on-week basis, activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) dropped relative to…
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Bitcoin Surges as Grayscale Sees Less Than $100M in Outflows for Third Consecutive Day

April 5, 2024

The price of Bitcoin (BTC) has surged above the $67,000 mark amid declining outflows from Grayscale’s Bitcoin ETF (GBTC). According to data from Farside, GBTC saw $79.3 million in outflows on Thursday, marking the third consecutive day of less than $100 million in withdrawals. Grayscale saw outflows totaling $81.9 million and $75.1 on Tuesday and Wednesday, respectively,…
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Bitwise Joins Ethereum Spot ETF Race, Files Application with SEC

March 29, 2024

Crypto investment firm Bitwise has submitted an application to the Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). This move positions Bitwise as one of many contenders in the race to introduce the first Ethereum spot ETF, following the successful launch of Bitcoin spot ETFs earlier this year. According to…
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Analyst: Spot Bitcoin ETFs Anticipated to Attract $220 Billion in Three Years

March 14, 2024

Spot Bitcoin (BTC) exchange-traded funds (ETFs) could witness an influx of $220 billion over the next three years. According to a research report by broker JMP Securities, this surge in capital could potentially drive BTC’s price up fourfold to $280,000, considering the multiplier effect on new investments. JMP analysts highlighted that if their estimates regarding…
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Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position

March 11, 2024

In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment products. While Hong Kong opened applications for Bitcoin spot ETFs in December last year, no related products have hit the market yet, leaving…
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