ETF

The crypto market has always been a fertile ground for groundbreaking developments and explosive surges. Recently, all eyes have been on Solana (SOL) and DTX Exchange for their over-the-top performance and promising future forecasts. As Solana (SOL) stands on the brink of potential ETF approval, experts predict its price could skyrocket to $500. Meanwhile, DTX Exchange’s cutting-edge blockchain announcement has led analysts to project a staggering 1500% increase in its token value. Solana (SOL)’s New Blockchain Integration Makes Headlines Solana…

The post SEC Chairman Gensler Predicts Approval of ETH Spot ETF S-1 by End of Summer appeared first on Coinpedia Fintech News Prospective spot Ethereum ETF issuers are awaiting the SEC’s comments on their S-1 filings, submitted on May 31. However, their wait might soon end. Reports suggest that SEC Chair Gary Gensler confirmed a potential approval of the S-1 filings for spot Ethereum by the end of summer, likely between June and August. SEC Chair Teases S-1 Approval In…

The post Commonwealth Bank Adds Monochrome BTC ETF to Investment Offerings appeared first on Coinpedia Fintech News The Commonwealth Bank of Australia recently expanded its ETF offerings with the addition of Monochrome BTC ETF (IBTC) to the list. The bank has provided the opportunity to invest in BTC ETF to its user base of 17 million customers. Notably, the ETF allows investors to gain direct exposure to Bitcoin’s price movements while sticking to the regulatory standards. The recent CBA listing…

The US SEC approval of spot Ethereum Exchange-Traded Funds saw different responses from the crypto industry, with some viewing the approval as a sign of confidence in the digital assets while others considered it a risk. Despite these views, the approval led to a massive surge in different cryptos, with some recording significant uptrends, including Ethereum (ETH) itself. However, the hype behind the approval seems to have settled down as the current market has seen lots of cryptos undergo a…

Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which the US Securities and Exchange Commission (SEC) approved in January of this year, have provided…

Ethereum ETFs are expected to capture 20% of the current investment flow into Bitcoin ETFs following investors’ need for diversification and Ethereum’s unique abilities. Although analysts depict that initial inflows might be lower than those of Bitcoin ETFs, the approval of Ethereum ETFs will be a tipping point for the whole cryptocurrency market. The crypto community is going abuzz with excitement as Ethereum ETF awaits approval once legally approved. The highly anticipated Ethereum ETF could see it capturing up to…

The post Ethereum ETF Poised to Steal 20% Of Bitcoin ETF’s Money Flow, Here’s Why appeared first on Coinpedia Fintech News Last week, U.S. Bitcoin ETFs saw a record $1.8 billion in inflows, marking their 19th consecutive day of increased demand. Many people in the crypto community think that once Spot Ethereum ETFs go live, Ethereum could attract 10% to 20% of the money currently flowing into spot Bitcoin ETFs.  As, the agency is reviewing S-1 registration statements, which are…

SEC Chair Gary Gensler emphasized in a recent interview that the pace of approval for spot Ethereum ETFs in the United States hinges on the responsiveness of ETF issuers to SEC comments. Gensler’s remarks shed light on the SEC’s recent shift in stance on spot Ether ETFs, hinting at possible influences from Grayscale’s successful legal challenge regarding Bitcoin ETFs in 2023. In his latest interview, SEC chair Gary Gensler stated that the speed of approval for the spot Ethereum ETFs…

In the latest XRP news, Ripple’s endorsement of an ETF plan has analysts thinking that a significant rise is on the horizon for XRP.  Meanwhile, Raboo is getting noticed in the crypto market and is now in the fourth Stage of its presale. With a 60% increase since Stage 1, Raboo has amassed over $1.7 Million, attracting over 8,000 registered members and 2,500 token holders.  The $RABT token is priced at only $0.0048 and is tipped to surge 100x in…