ETFNewsUpdate
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Crypto Biz: Crypto fever hits wealth managers #CryptoNewsCommunity
This weekâs Crypto Biz explores the launch of new crypto ETFs, CleanSparkâs acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
$BNB
Wealth advisers are adopting Bitcoin exchange-traded funds at an unprecedented rate, faster than any previous ETF in history, according to Matt Hougan, chief investment officer at Bitwise.Â
$BTC
The surge is primarily driven by financial advisers such as registered investment advisers and large firms like Morgan Stanley. BlackRockâs iShares Bitcoin Trust ETF alone has attracted $1.45 billion in flows from wealth managers.Â
Asset management firms are also looking to offer diversified exposure to blockchain technology. Over the past few days, State Street and Galaxy launched three new funds to provide alternative strategies for institutional investors.Â
$USDC
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
This weekâs Crypto Biz also explores CleanSparkâs acquisition of seven mining sites in the US state of Tennessee, Standard Charteredâs custodian services in the United Arab Emirates, and another round of corporate conflicts between Bitfarms and Riot.Â
State Street, Galaxy launch three new crypto ETFs #ETFNewsUpdate
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency ETFs on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3. State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF, the SPDR Galaxy Hedged Digital Asset Ecosystem ETF, and the SPDR Galaxy Transformative Tech Accelerators ETF.Â
CleanSpark acquires seven mining sites in Tennessee, hashrate to grow 22%
BitcoinÂ
BTC = $59,917
 miner CleanSpark has reached an agreement on the purchase of seven cryptocurrency mining.
This weekâs Crypto Biz explores the launch of new crypto ETFs, CleanSparkâs acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.
$BNB
Wealth advisers are adopting Bitcoin exchange-traded funds at an unprecedented rate, faster than any previous ETF in history, according to Matt Hougan, chief investment officer at Bitwise.Â
$BTC
The surge is primarily driven by financial advisers such as registered investment advisers and large firms like Morgan Stanley. BlackRockâs iShares Bitcoin Trust ETF alone has attracted $1.45 billion in flows from wealth managers.Â
Asset management firms are also looking to offer diversified exposure to blockchain technology. Over the past few days, State Street and Galaxy launched three new funds to provide alternative strategies for institutional investors.Â
$USDC
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
This weekâs Crypto Biz also explores CleanSparkâs acquisition of seven mining sites in the US state of Tennessee, Standard Charteredâs custodian services in the United Arab Emirates, and another round of corporate conflicts between Bitfarms and Riot.Â
State Street, Galaxy launch three new crypto ETFs #ETFNewsUpdate
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency ETFs on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3. State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF, the SPDR Galaxy Hedged Digital Asset Ecosystem ETF, and the SPDR Galaxy Transformative Tech Accelerators ETF.Â
CleanSpark acquires seven mining sites in Tennessee, hashrate to grow 22%
BitcoinÂ
BTC = $59,917
 miner CleanSpark has reached an agreement on the purchase of seven cryptocurrency mining.
State Street, Galaxy launch 3 new crypto ETFs
#CryptoMarketMoves #ETFGrowth #ETFNewsUpdate
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency exchange-traded funds (ETFs) on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3.Â
State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).Â
The ETFs come as asset managers increasingly focus on offering diversified exposure to blockchain technology rather than specific crypto assets.
âWeâre going to see a number of more single asset products, and then also certainly some index-based and diversified products,â Dave LaValle, Grayscaleâs global head of ETFs, said in August.
Franklin Templeton and Hashdex are among fund issuers awaiting regulatory approval to launch diversified spot crypto index ETFs in the United States.Â
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
Actively managed ETFs employ dedicated analysts to opportunistically trade fund assets on shareholdersâ behalf and often charge considerably higher management fees than passive index funds.
The State Street ETFs charge fees of 0.65% to 0.9%. Thatâs less than many other actively managed funds but still far more than passive crypto ETFs, which generally charge 0.25% or less.Â
State Streetâs HECO and DECO are unique among ETFs, as they invest in a mix of stocks and cryptocurrencies. They aim to hold a âportfolio of companies that are well positioned to benefit from the growing adoption of the blockchain and digital asset industries as well as cryptocurrency exposures through ETFs and futures,â State Street said.
#CryptoMarketMoves #ETFGrowth #ETFNewsUpdate
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency exchange-traded funds (ETFs) on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3.Â
State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).Â
The ETFs come as asset managers increasingly focus on offering diversified exposure to blockchain technology rather than specific crypto assets.
âWeâre going to see a number of more single asset products, and then also certainly some index-based and diversified products,â Dave LaValle, Grayscaleâs global head of ETFs, said in August.
Franklin Templeton and Hashdex are among fund issuers awaiting regulatory approval to launch diversified spot crypto index ETFs in the United States.Â
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
Actively managed ETFs employ dedicated analysts to opportunistically trade fund assets on shareholdersâ behalf and often charge considerably higher management fees than passive index funds.
The State Street ETFs charge fees of 0.65% to 0.9%. Thatâs less than many other actively managed funds but still far more than passive crypto ETFs, which generally charge 0.25% or less.Â
State Streetâs HECO and DECO are unique among ETFs, as they invest in a mix of stocks and cryptocurrencies. They aim to hold a âportfolio of companies that are well positioned to benefit from the growing adoption of the blockchain and digital asset industries as well as cryptocurrency exposures through ETFs and futures,â State Street said.
Crypto ETF outflows, Durov speaks, Harris vs. Trump | Weekly Recap #Durov #ETFNewsUpdate
Spot crypto ETFs recorded multiple outflows; Telegramâs Pavel Durov talks arrest; Ripple co-founder backs Kamala Harris ahead of her debate with Donald Trump.
Crypto ETF outflows
⹠Last week, the spot crypto market witnessed sustained bearishness. The spot Bitcoin (BTC) ETFs recorded a cumulative weekly net outflow of $706.1 million, with four out of five days of net outflows.
⹠While outflows from spot Ethereum (ETH) ETFs slowed, the market remained red. By the end of the week, ETH ETFs saw $91.1 million in cumulative net outflows, also recording four bearish days out of five.
Market turbulenceÂ
⹠One of the primary triggers of the ETF outflows last week was a prevalent bearish crypto market. Following a drop in the U.S. stock market, cryptocurrencies saw declines, with Bitcoin dropping below $53,000 for the first time in a month.
âą Consequently, on-chain data confirmed that liquidations crossed $295 million across multiple assets as of Sept. 7 â the largest figure this month.Â
⹠Crypto-related venture capital funds are ballooning; per PitchBook, the average size is up 65.1%, to $41.3 million, in 2024.
Durov speaks
âą Following his arrest and release in France, Telegram founder Pavel Durov spoke for the first time last week, calling out the authorities for their perceived overreach when it came to communication.Â
âą Durov further defended Telegramâs policies, arguing that the social media platform constantly removes illegal content and doesnât operate in regions that cannot meet its required standards.Â
âą Durov is currently under formal investigation over suspected complicity in allowing illicit activity to flourish on Telegram.
Spot crypto ETFs recorded multiple outflows; Telegramâs Pavel Durov talks arrest; Ripple co-founder backs Kamala Harris ahead of her debate with Donald Trump.
Crypto ETF outflows
⹠Last week, the spot crypto market witnessed sustained bearishness. The spot Bitcoin (BTC) ETFs recorded a cumulative weekly net outflow of $706.1 million, with four out of five days of net outflows.
⹠While outflows from spot Ethereum (ETH) ETFs slowed, the market remained red. By the end of the week, ETH ETFs saw $91.1 million in cumulative net outflows, also recording four bearish days out of five.
Market turbulenceÂ
⹠One of the primary triggers of the ETF outflows last week was a prevalent bearish crypto market. Following a drop in the U.S. stock market, cryptocurrencies saw declines, with Bitcoin dropping below $53,000 for the first time in a month.
âą Consequently, on-chain data confirmed that liquidations crossed $295 million across multiple assets as of Sept. 7 â the largest figure this month.Â
⹠Crypto-related venture capital funds are ballooning; per PitchBook, the average size is up 65.1%, to $41.3 million, in 2024.
Durov speaks
âą Following his arrest and release in France, Telegram founder Pavel Durov spoke for the first time last week, calling out the authorities for their perceived overreach when it came to communication.Â
âą Durov further defended Telegramâs policies, arguing that the social media platform constantly removes illegal content and doesnât operate in regions that cannot meet its required standards.Â
âą Durov is currently under formal investigation over suspected complicity in allowing illicit activity to flourish on Telegram.
LIVE
Crypto De Nostradame
--
Bullish
đąOn May 24, spot Bitcoin ETFs recorded net inflows of $252 billion.
đ§ââïžBlackRock's spot Bitcoin ETF saw the highest inflow at $182 million.
đ§ââïžFidelity ETF (FBTC) inflow was 43 million dollars.
đ§ââïžBlackRock's spot Bitcoin ETF saw the highest inflow at $182 million.
đ§ââïžFidelity ETF (FBTC) inflow was 43 million dollars.
Why Bitcoin is falling ?
One of the reasons is ouflow caused by ETF's.
The spot Bitcoin ETFs in US have reversed the late May/early June trend and have seen several consecutive days of outflows, worth more than $600 million.
These adverse developments on the ETF front have impacted the price of the underlying asset, as well as the entire crypto market, and BTC slumped to a monthly low.
Fidelityâs FBTC has been at the forefront of the outflows, seeing over $80 million of withdrawals for four consecutive days. As such, FBTC has beaten even Grayscaleâs GBTC in this negative trend.
These developments harmed BTCâs price movements. The asset failed at $70,000 on a couple of occasions last week and slumped hard to a monthly low of $64,000.
#BTC #ETFNewsUpdate
One of the reasons is ouflow caused by ETF's.
The spot Bitcoin ETFs in US have reversed the late May/early June trend and have seen several consecutive days of outflows, worth more than $600 million.
These adverse developments on the ETF front have impacted the price of the underlying asset, as well as the entire crypto market, and BTC slumped to a monthly low.
Fidelityâs FBTC has been at the forefront of the outflows, seeing over $80 million of withdrawals for four consecutive days. As such, FBTC has beaten even Grayscaleâs GBTC in this negative trend.
These developments harmed BTCâs price movements. The asset failed at $70,000 on a couple of occasions last week and slumped hard to a monthly low of $64,000.
#BTC #ETFNewsUpdate
Crypto ETFs
#etf
#ETFNewsUpdate
Crypto ETFs (Exchange Traded Funds) allow you to track the price of an underlying asset or index, such as a single cryptocurrency or a âbasketâ of several tokens. They provide a convenient way to diversify your investment portfolio without directly purchasing and storing digital tokens. There are two main types of Crypto ETFs
Spot Crypto ETFs: Invest directly in cryptocurrencies (e.g., Bitcoin, Ethereum) and trade on behalf of investors.
Crypto Futures ETFs: Invest in crypto futures contracts rather than holding digital tokens.
Why ETFs
Simplification: For many investors, buying crypto directly and securing it can be complex. ETFs make it easier by allowing exposure through regular brokerage accounts.
Diversification: ETFs enable you to benefit from multiple cryptocurrencies, reducing risk associated with investing in a single digital currency.
Mainstream Acceptance: As the crypto market matures, ETFs play a central role in providing exposure to digital currencies. They influence mainstream acceptance and simplify investment complexities.
Regulated Trading: Trading through regulated exchanges in the U.S., even in the unregulated crypto market, provides some level of security.
Potential Growth: Investors can participate in the crypto marketâs growth without navigating complex wallets and exchanges.
#ETFNewsUpdate
Crypto ETFs (Exchange Traded Funds) allow you to track the price of an underlying asset or index, such as a single cryptocurrency or a âbasketâ of several tokens. They provide a convenient way to diversify your investment portfolio without directly purchasing and storing digital tokens. There are two main types of Crypto ETFs
Spot Crypto ETFs: Invest directly in cryptocurrencies (e.g., Bitcoin, Ethereum) and trade on behalf of investors.
Crypto Futures ETFs: Invest in crypto futures contracts rather than holding digital tokens.
Why ETFs
Simplification: For many investors, buying crypto directly and securing it can be complex. ETFs make it easier by allowing exposure through regular brokerage accounts.
Diversification: ETFs enable you to benefit from multiple cryptocurrencies, reducing risk associated with investing in a single digital currency.
Mainstream Acceptance: As the crypto market matures, ETFs play a central role in providing exposure to digital currencies. They influence mainstream acceptance and simplify investment complexities.
Regulated Trading: Trading through regulated exchanges in the U.S., even in the unregulated crypto market, provides some level of security.
Potential Growth: Investors can participate in the crypto marketâs growth without navigating complex wallets and exchanges.
Ethereum ETF process is âgoing smoothly,â says SECâs Gensler
The process of launching the first spot Ether ETHUSD exchange-traded funds (ETFs) in the United States is âgoing smoothly,â says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
âItâs really about the asset managers making the full disclosure so that those registration statements can go effective,â he said.
âWhat is in front of us â and it's done at a staff level â is whatâs called the registration statements, the disclosure statements,â Gensler added. âAgain, these disclosures are really important. Theyâre important to investors making investment decisions.â
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1âs â the final filings the SEC needs to approve before they go live for trading.
Nothing inconsistentâ about securities laws
Analysts have predicted the SEC could approve the funds for trading as soon as next week â the first week of July.
The U.S. crypto industry has raised millions and lobbied to make digital assets an election issue after facing a deluge of enforcement actions from the Gensler-led SEC.
Presidential hopeful Donald Trump said he would end what he called President Joe Bidenâs âwar on crypto,â and billionaire investor Mark Cuban claimed Gensler could âliterally cost Joe Biden the election.â
Gensler said he doesnât speak on elections when asked about Trump and Cubanâs comments.
âWe have a set of rules that are pretty clear. Thereâs nothing inconsistent about crypto securities and the securities laws,â he added. âUnfortunately, thereâs a number of people that are non-compliant with the laws.â
#ETFEthereum #SECCryptoRule #SECETFApproval #ETFNewsUpdate #ETF_ETH
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
âItâs really about the asset managers making the full disclosure so that those registration statements can go effective,â he said.
âWhat is in front of us â and it's done at a staff level â is whatâs called the registration statements, the disclosure statements,â Gensler added. âAgain, these disclosures are really important. Theyâre important to investors making investment decisions.â
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1âs â the final filings the SEC needs to approve before they go live for trading.
Nothing inconsistentâ about securities laws
Analysts have predicted the SEC could approve the funds for trading as soon as next week â the first week of July.
The U.S. crypto industry has raised millions and lobbied to make digital assets an election issue after facing a deluge of enforcement actions from the Gensler-led SEC.
Presidential hopeful Donald Trump said he would end what he called President Joe Bidenâs âwar on crypto,â and billionaire investor Mark Cuban claimed Gensler could âliterally cost Joe Biden the election.â
Gensler said he doesnât speak on elections when asked about Trump and Cubanâs comments.
âWe have a set of rules that are pretty clear. Thereâs nothing inconsistent about crypto securities and the securities laws,â he added. âUnfortunately, thereâs a number of people that are non-compliant with the laws.â
#ETFEthereum #SECCryptoRule #SECETFApproval #ETFNewsUpdate #ETF_ETH
Bitcoin ETFs Experience Significant Growth: $1 Billion Invested in Just One Week âŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïž
In an impressive display of investor interest, Bitcoin ETFs have seen a substantial surge in investments, with a total of $1 billion invested in just one week. This notable increase brings the year-to-date total to $16 billion, exceeding initial projections.
#MtGoxé±ć ćšæ #ETFEthereum #ETFNewsUpdate #Write2Earn!
In an impressive display of investor interest, Bitcoin ETFs have seen a substantial surge in investments, with a total of $1 billion invested in just one week. This notable increase brings the year-to-date total to $16 billion, exceeding initial projections.
#MtGoxé±ć ćšæ #ETFEthereum #ETFNewsUpdate #Write2Earn!
đšđšđš Institutional Spot Bitcoin ETF Holdings Skyrocket 79% In Q2, Whatâs Nextâ
Spot Bitcoin ETF institutional adoption as soared as institutions have expanded their exposure in these funds as they bought the dip in the second quarter.
đ Stay informed! đ
â Like â€ïž | Comment đŹ | Retweet đ |
Follow me for more updates! đ @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! đŹ
#KaleemsCryptoMehfilKCM #ETH_ETF_Approval_23July #BinanceTournament #ETFNewsUpdate #ETFvsBTC
Spot Bitcoin ETF institutional adoption as soared as institutions have expanded their exposure in these funds as they bought the dip in the second quarter.
đ Stay informed! đ
â Like â€ïž | Comment đŹ | Retweet đ |
Follow me for more updates! đ @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! đŹ
#KaleemsCryptoMehfilKCM #ETH_ETF_Approval_23July #BinanceTournament #ETFNewsUpdate #ETFvsBTC
đšđš BIGGEST NEWS of The DAYđšđš
đșđž U.S. Spot #Bitcoin ETFs have experienced their fifth consecutive day of inflows, with a remarkable $129.45 million added in the latest session! đ
This continuous inflow indicates growing investor confidence in Bitcoin ETFs and reflects a strong demand in the market.
Such sustained investment activity underscores the increasing acceptance and mainstream adoption of Bitcoin as an asset class.
The substantial influx of funds can also be seen as a positive indicator for Bitcoin's price stability and potential growth.
Overall, the consistent inflows into Bitcoin ETFs highlight the cryptocurrency's strengthening position in the financial landscape.
#ETFNewsUpdate #ETH_ETFs_Approval_Predictions #IntroToCopytrading #Write2Earn!
đșđž U.S. Spot #Bitcoin ETFs have experienced their fifth consecutive day of inflows, with a remarkable $129.45 million added in the latest session! đ
This continuous inflow indicates growing investor confidence in Bitcoin ETFs and reflects a strong demand in the market.
Such sustained investment activity underscores the increasing acceptance and mainstream adoption of Bitcoin as an asset class.
The substantial influx of funds can also be seen as a positive indicator for Bitcoin's price stability and potential growth.
Overall, the consistent inflows into Bitcoin ETFs highlight the cryptocurrency's strengthening position in the financial landscape.
#ETFNewsUpdate #ETH_ETFs_Approval_Predictions #IntroToCopytrading #Write2Earn!
Bitcoin ETF Trading Volume Hits $2.1 Billion Today, setting a new single-day record.
#ETFNewsUpdate #BTCETFS #BTCETFSPOT #BTCETF #BitcoinETFđ°đ°đ°
$BTC $ETH $BNB
#ETFNewsUpdate #BTCETFS #BTCETFSPOT #BTCETF #BitcoinETFđ°đ°đ°
$BTC $ETH $BNB
BTC rebounds to $61K on low PPI, ETF inflows & positive markets. Mt.Gox transfers didn't dent rise. CPI crucial for momentum. $62.7K close ideal. Retail bears increasing. 18.5K long-dormant BTC moved. Hayes predicts US Treasury liquidity boost & China stimulus. #bitcoinâïž #CryptoNewss #PPIData #ETFNewsUpdate
BREAKING NEWS âŒïžâŒïžâŒïžđšđšđš Ethereum ETFs Finally Start Trading TomorrowâHere's What to Expect
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval #ETFNewsUpdate
đ Analysts predict that while Ethereum (ETH) might reach an all-time high, the immediate launch aftermath could be "underwhelming".
đ Ethereum exchange-traded funds (ETFs) will debut in U.S. markets tomorrow, following SEC approval in May and trading authorization today.
đ The Bitcoin ETF equivalent has been highly successful since its January launch, attracting traditional investors who can now access cryptocurrency exposure via traditional stock exchanges.
đž Will traders rush to invest in Ethereum funds, potentially driving ETH to an all-time high? Market experts caution that the outcome might not bev immediate.
đŽ "Hold your horses," says Greg Magadini, derivatives director at Amberdata. He expects disappointing inflows for ETH ETFs, citing lackluster demand for Ethereum futures.
đ Magadini notes that before Bitcoin ETFs launched, traders were eager for exposure, and the derivatives market was active. However, the same enthusiasm might not be present for Ethereum ETFs.
#Write2Earn!
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval #ETFNewsUpdate
đ Analysts predict that while Ethereum (ETH) might reach an all-time high, the immediate launch aftermath could be "underwhelming".
đ Ethereum exchange-traded funds (ETFs) will debut in U.S. markets tomorrow, following SEC approval in May and trading authorization today.
đ The Bitcoin ETF equivalent has been highly successful since its January launch, attracting traditional investors who can now access cryptocurrency exposure via traditional stock exchanges.
đž Will traders rush to invest in Ethereum funds, potentially driving ETH to an all-time high? Market experts caution that the outcome might not bev immediate.
đŽ "Hold your horses," says Greg Magadini, derivatives director at Amberdata. He expects disappointing inflows for ETH ETFs, citing lackluster demand for Ethereum futures.
đ Magadini notes that before Bitcoin ETFs launched, traders were eager for exposure, and the derivatives market was active. However, the same enthusiasm might not be present for Ethereum ETFs.
#Write2Earn!