EtherETFs
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Ethereum ETF Approval
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry.
What does it mean?
The decision allows Ethereum ETFs from asset managers such as Grayscale, Fidelity, and Bitwise to be listed on their respective exchanges. This approval is expected to have a significant impact on the digital assets market, boosting investor confidence and increasing market liquidity.
Market Reaction
Ethereum rose 2% on the news and was trading at $3,900 as of press time. The approval also comes amid ongoing regulatory scrutiny of Ethereum’s classification as either a security or a commodity. However, today’s decision indicates a favorable stance towards Ethereum-based financial products and a potential indication that Ethereum can be considered a commodity.
What's next?*
Several issuers filed applications to list their ETF on the NYSE Arca exchange, with Coinbase Custody serving as the custodian. The approval is a landmark event for the crypto industry, reflecting the growing interest in crypto-asset financial products among traditional investment firms. As the market reacts to this development, stakeholders will closely monitor the performance and impact of these newly approved ETFs.
- #EtherETFs
- #ETFApproval
- #ETHETFsApproved
- #SECApproval
- #CryptoMarketSurge
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry.
What does it mean?
The decision allows Ethereum ETFs from asset managers such as Grayscale, Fidelity, and Bitwise to be listed on their respective exchanges. This approval is expected to have a significant impact on the digital assets market, boosting investor confidence and increasing market liquidity.
Market Reaction
Ethereum rose 2% on the news and was trading at $3,900 as of press time. The approval also comes amid ongoing regulatory scrutiny of Ethereum’s classification as either a security or a commodity. However, today’s decision indicates a favorable stance towards Ethereum-based financial products and a potential indication that Ethereum can be considered a commodity.
What's next?*
Several issuers filed applications to list their ETF on the NYSE Arca exchange, with Coinbase Custody serving as the custodian. The approval is a landmark event for the crypto industry, reflecting the growing interest in crypto-asset financial products among traditional investment firms. As the market reacts to this development, stakeholders will closely monitor the performance and impact of these newly approved ETFs.
- #EtherETFs
- #ETFApproval
- #ETHETFsApproved
- #SECApproval
- #CryptoMarketSurge
🌐🚀 After the SEC gave the green light to the spot #Bitcoin ETFs in early January, investors are now hopeful for the approval of spot Ether ETFs.
#SEC #Bitcoin #EtherETFs
#SEC #Bitcoin #EtherETFs
Ethereum ETF Approval
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry.
What does it mean?
The decision allows Ethereum ETFs from asset managers such as Grayscale, Fidelity, and Bitwise to be listed on their respective exchanges. This approval is expected to have a significant impact on the digital assets market, boosting investor confidence and increasing market liquidity.
Market Reaction
Ethereum rose 2% on the news and was trading at $3,900 as of press time. The approval also comes amid ongoing regulatory scrutiny of Ethereum’s classification as either a security or a commodity. However, today’s decision indicates a favorable stance towards Ethereum-based financial products and a potential indication that Ethereum can be considered a commodity.
What's next?*
Several issuers filed applications to list their ETF on the NYSE Arca exchange, with Coinbase Custody serving as the custodian. The approval is a landmark event for the crypto industry, reflecting the growing interest in crypto-asset financial products among traditional investment firms. As the market reacts to this development, stakeholders will closely monitor the performance and impact of these newly approved ETFs.
- #EtherETFs
- #ETFApproval
- #ETHETFsApproved
- #SECApproval
- #CryptoMarketSurge
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry.
What does it mean?
The decision allows Ethereum ETFs from asset managers such as Grayscale, Fidelity, and Bitwise to be listed on their respective exchanges. This approval is expected to have a significant impact on the digital assets market, boosting investor confidence and increasing market liquidity.
Market Reaction
Ethereum rose 2% on the news and was trading at $3,900 as of press time. The approval also comes amid ongoing regulatory scrutiny of Ethereum’s classification as either a security or a commodity. However, today’s decision indicates a favorable stance towards Ethereum-based financial products and a potential indication that Ethereum can be considered a commodity.
What's next?*
Several issuers filed applications to list their ETF on the NYSE Arca exchange, with Coinbase Custody serving as the custodian. The approval is a landmark event for the crypto industry, reflecting the growing interest in crypto-asset financial products among traditional investment firms. As the market reacts to this development, stakeholders will closely monitor the performance and impact of these newly approved ETFs.
- #EtherETFs
- #ETFApproval
- #ETHETFsApproved
- #SECApproval
- #CryptoMarketSurge
Tether and Circle add $1.3 billion in a single day as Ether ETF prospects improve.
#webgtr #Bitcoin #Tether #EtherETFs #BTC1D
#webgtr #Bitcoin #Tether #EtherETFs #BTC1D
💥💥💥 Spot #BitcoinETFs see $43 million in outflows, breaking two-day inflow run
U.S. Spot Bitcoin ETFs See $43.97 Million in Outflows on Wednesday
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. posted net outflows of $43.97 million on Wednesday, ending a two-day streak of positive inflows.
Among the ETFs, Ark Invest and 21Shares’ ARKB saw the largest outflows, totaling $54.03 million, according to data from SoSoValue. Grayscale’s GBTC recorded $4.59 million in net outflows, while its Bitcoin Mini Trust experienced outflows of around $511,230.
On the other hand, Fidelity’s FBTC led inflows, reporting $12.57 million in net gains, while Invesco’s BTCO saw $2.59 million flow into the product. Seven other funds, including BlackRock’s IBIT, recorded no daily flows, with #IBIT having reported no net inflows since August 26.
The 12 Bitcoin ETFs recorded a total daily trading volume of $1.27 billion on Tuesday, a significant increase from $712.25 million the previous day. Since their launch in January, these funds have accumulated $17 billion in net inflows.
#EtherETFs Also See Outflows
Spot Ethereum ETFs in the U.S. posted net outflows of about $542,870, with seven out of nine funds showing no daily inflows. VanEck’s ETHV had $1.71 million in outflows, while Fidelity’s FETH recorded $1.17 million in net inflows.
Ether ETFs had a total daily trading volume of $126.22 million on Wednesday, up from $102.87 million on Tuesday. Cumulatively, Ethereum ETFs have experienced $562.06 million in net outflows.
Market Response and Economic Outlook
Bitcoin’s price rose 3.37% over the past 24 hours, reaching $58,318, while Ether gained 1.78%, trading at around $2,373, according to The Block’s crypto price page.
Rachael Lucas noted that Bitcoin and Ethereum ETF outflows are a normal reaction to strong U.S. data. Inflation rose 0.2% in August, bringing the 12-month rate to 2.5%. Investors await next week’s Fed meeting, with an 85% chance of a 25 basis point rate cut.
Source - theblock.co
#CryptoMarketTrend #BinanceSquareBTC
U.S. Spot Bitcoin ETFs See $43.97 Million in Outflows on Wednesday
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. posted net outflows of $43.97 million on Wednesday, ending a two-day streak of positive inflows.
Among the ETFs, Ark Invest and 21Shares’ ARKB saw the largest outflows, totaling $54.03 million, according to data from SoSoValue. Grayscale’s GBTC recorded $4.59 million in net outflows, while its Bitcoin Mini Trust experienced outflows of around $511,230.
On the other hand, Fidelity’s FBTC led inflows, reporting $12.57 million in net gains, while Invesco’s BTCO saw $2.59 million flow into the product. Seven other funds, including BlackRock’s IBIT, recorded no daily flows, with #IBIT having reported no net inflows since August 26.
The 12 Bitcoin ETFs recorded a total daily trading volume of $1.27 billion on Tuesday, a significant increase from $712.25 million the previous day. Since their launch in January, these funds have accumulated $17 billion in net inflows.
#EtherETFs Also See Outflows
Spot Ethereum ETFs in the U.S. posted net outflows of about $542,870, with seven out of nine funds showing no daily inflows. VanEck’s ETHV had $1.71 million in outflows, while Fidelity’s FETH recorded $1.17 million in net inflows.
Ether ETFs had a total daily trading volume of $126.22 million on Wednesday, up from $102.87 million on Tuesday. Cumulatively, Ethereum ETFs have experienced $562.06 million in net outflows.
Market Response and Economic Outlook
Bitcoin’s price rose 3.37% over the past 24 hours, reaching $58,318, while Ether gained 1.78%, trading at around $2,373, according to The Block’s crypto price page.
Rachael Lucas noted that Bitcoin and Ethereum ETF outflows are a normal reaction to strong U.S. data. Inflation rose 0.2% in August, bringing the 12-month rate to 2.5%. Investors await next week’s Fed meeting, with an 85% chance of a 25 basis point rate cut.
Source - theblock.co
#CryptoMarketTrend #BinanceSquareBTC
🔥🔥🔥 #bitcoin☀️ falls to ‘extreme fear’ on Aug. 5 as #ETFs✅ outflow $168M
Crypto Market Sentiment Plummets to Extreme Fear Amid
Bitcoin ETF Outflows
- The Crypto Fear & Greed Index has dropped to "Extreme Fear" for the first time in two years, reaching a score of 17 on August 5. This coincides with significant outflows from U.S. spot Bitcoin ETFs, totaling $168.4 million. Notably, the Grayscale Bitcoin Trust and ARK 21Shares #BitcoinETF💰💰💰 saw outflows of $69.1 million and $69 million, respectively.
Market Sentiment and ETF Outflows:
1. Outflows: Major outflows from Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF.
2. Inflows: Grayscale Bitcoin Mini Trust, VanEck Bitcoin ETF, and Bitwise Bitcoin ETF saw inflows of $21.8 million, $3 million, and $2.9 million, respectively. BlackRock’s iShares Bitcoin Trust remained unchanged.
3. #EtherETFs : Spot Ether ETFs had inflows of $48.8 million, led by iShares Ethereum Trust with $47.1 million.
Market Reaction:
- The sentiment shift followed a sharp drop in Bitcoin and Ether prices, which fell 10% and 18%, respectively, on August 5, causing over $600 million in leveraged long positions to be liquidated. The U.S. stock market also declined due to weak employment data, tech stock growth slowdowns, and recession fears, erasing over $500 billion from the crypto market cap in three days.
Market Outlook:
- Bitcoin analyst Tuur Demeester predicts Bitcoin could bottom between $40,000 and $45,000 but warns against bearish bets during a bull market due to potential rapid rebounds. Bitcoin showed some recovery, climbing 11.85% to $55,680 after hitting a low of $49,780 on August 5.
Conclusion:
The Crypto Fear & Greed Index's drop to "Extreme Fear" highlights market anxiety amid significant ETF outflows and broader financial turbulence. Investors remain cautious about the near-term outlook but are monitoring potential recovery signals.
Source - cointelegraph.com
#BinanceSquareBTC
Crypto Market Sentiment Plummets to Extreme Fear Amid
Bitcoin ETF Outflows
- The Crypto Fear & Greed Index has dropped to "Extreme Fear" for the first time in two years, reaching a score of 17 on August 5. This coincides with significant outflows from U.S. spot Bitcoin ETFs, totaling $168.4 million. Notably, the Grayscale Bitcoin Trust and ARK 21Shares #BitcoinETF💰💰💰 saw outflows of $69.1 million and $69 million, respectively.
Market Sentiment and ETF Outflows:
1. Outflows: Major outflows from Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF.
2. Inflows: Grayscale Bitcoin Mini Trust, VanEck Bitcoin ETF, and Bitwise Bitcoin ETF saw inflows of $21.8 million, $3 million, and $2.9 million, respectively. BlackRock’s iShares Bitcoin Trust remained unchanged.
3. #EtherETFs : Spot Ether ETFs had inflows of $48.8 million, led by iShares Ethereum Trust with $47.1 million.
Market Reaction:
- The sentiment shift followed a sharp drop in Bitcoin and Ether prices, which fell 10% and 18%, respectively, on August 5, causing over $600 million in leveraged long positions to be liquidated. The U.S. stock market also declined due to weak employment data, tech stock growth slowdowns, and recession fears, erasing over $500 billion from the crypto market cap in three days.
Market Outlook:
- Bitcoin analyst Tuur Demeester predicts Bitcoin could bottom between $40,000 and $45,000 but warns against bearish bets during a bull market due to potential rapid rebounds. Bitcoin showed some recovery, climbing 11.85% to $55,680 after hitting a low of $49,780 on August 5.
Conclusion:
The Crypto Fear & Greed Index's drop to "Extreme Fear" highlights market anxiety amid significant ETF outflows and broader financial turbulence. Investors remain cautious about the near-term outlook but are monitoring potential recovery signals.
Source - cointelegraph.com
#BinanceSquareBTC
Weekly Market Highlights - Signs of Bullish 🦬 Market 📊 Sentiment.
#BULLS $BTC $LUMIA $SUI
1. Telegram is set to open an office in Kazakhstan to improve regulatory compliance.
2. The European Central Bank has cut rates by 25bps, in line with market expectations.
3. #Bitcoin❗ staking platform, Solv Protocol, has announced a US$11M funding round.
4. Australia's first spot #EtherETFs went live earlier this week, attracting US$176K of AUM on day one.
5. Canary Capital has filed for a 🇺🇸 U.S. #Litecoin ETF.
#USRetailSalesBoost
#BULLS $BTC $LUMIA $SUI
1. Telegram is set to open an office in Kazakhstan to improve regulatory compliance.
2. The European Central Bank has cut rates by 25bps, in line with market expectations.
3. #Bitcoin❗ staking platform, Solv Protocol, has announced a US$11M funding round.
4. Australia's first spot #EtherETFs went live earlier this week, attracting US$176K of AUM on day one.
5. Canary Capital has filed for a 🇺🇸 U.S. #Litecoin ETF.
#USRetailSalesBoost
US #BitcoinETFs hit $117M in daily inflows, #EtherETFs back in green
Key Takeaways:
- U.S. spot Bitcoin ETFs gained $117 million in net inflows on Tuesday.
- BlackRock's iShares Bitcoin Trust (IBIT) has seen no new capital since late August.
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $117 million in net inflows on Tuesday, while spot Ethereum ETFs also returned to positive territory after a period of losses, according to data from Farside Investors.
Fidelity's Bitcoin Fund (FBTC) led the way with around $63 million in net inflows, bringing its total net inflows to $9.5 billion after eight months of trading. FBTC now holds $10.5 billion worth of Bitcoin, making it the third-largest Bitcoin ETF behind BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Trust (GBTC).
Other funds like Grayscale’s Bitcoin Mini Trust (BTC) and ARK Invest/21Shares' Bitcoin ETF (ARKB) also saw gains, attracting $41 million and $13 million in net capital, respectively. However, IBIT, GBTC, and several other Bitcoin ETFs reported zero flows.
Net inflows resumed on Monday after a prolonged period of outflows from late August to early September, during which more than $1 billion was withdrawn from these funds. Despite IBIT's third day of outflows on Monday, Bitcoin ETFs as a whole ended the day in the green, thanks to inflows into other funds.
#BlackRock's IBIT, which has experienced stagnation since August 27, continues to dominate the crypto ETF market, with holdings exceeding $20 billion.
Meanwhile, U.S. spot Ethereum ETFs saw a modest rebound, with about $11 million in net inflows on Tuesday. Fidelity’s Ethereum Fund (FETH) and BlackRock’s iShares Ethereum Trust (ETHA) led the way, while other Ethereum ETFs saw no inflows.
Source - cryptobriefing.com
#CryptoTrends2024
Key Takeaways:
- U.S. spot Bitcoin ETFs gained $117 million in net inflows on Tuesday.
- BlackRock's iShares Bitcoin Trust (IBIT) has seen no new capital since late August.
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $117 million in net inflows on Tuesday, while spot Ethereum ETFs also returned to positive territory after a period of losses, according to data from Farside Investors.
Fidelity's Bitcoin Fund (FBTC) led the way with around $63 million in net inflows, bringing its total net inflows to $9.5 billion after eight months of trading. FBTC now holds $10.5 billion worth of Bitcoin, making it the third-largest Bitcoin ETF behind BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Trust (GBTC).
Other funds like Grayscale’s Bitcoin Mini Trust (BTC) and ARK Invest/21Shares' Bitcoin ETF (ARKB) also saw gains, attracting $41 million and $13 million in net capital, respectively. However, IBIT, GBTC, and several other Bitcoin ETFs reported zero flows.
Net inflows resumed on Monday after a prolonged period of outflows from late August to early September, during which more than $1 billion was withdrawn from these funds. Despite IBIT's third day of outflows on Monday, Bitcoin ETFs as a whole ended the day in the green, thanks to inflows into other funds.
#BlackRock's IBIT, which has experienced stagnation since August 27, continues to dominate the crypto ETF market, with holdings exceeding $20 billion.
Meanwhile, U.S. spot Ethereum ETFs saw a modest rebound, with about $11 million in net inflows on Tuesday. Fidelity’s Ethereum Fund (FETH) and BlackRock’s iShares Ethereum Trust (ETHA) led the way, while other Ethereum ETFs saw no inflows.
Source - cryptobriefing.com
#CryptoTrends2024