ETF

Renowned analyst gives a bold prediction on the altcoin market, claiming Ethereum (ETH) and Polkadot (DOT) may lead the charge for a monumental rally.  According to him, the Ether ETF approval coupled with other factors could massively benefit ETH and the altcoin ecosystem at large.  Bitcoin (BTC) edges closer to setting a new all-time high price record with a seven-day surge of 4%, however, most altcoins appear unbothered at this point as the likes of XRP, Dogecoin, and Shiba Inu…

BlackRock’s iShares Bitcoin Trust (IBIT) has significantly impacted the crypto market by acquiring close to $780 million in Bitcoin (BTC) over just three days. This surge in investment positions IBIT as a major influence in shaping investor sentiment and market trends. BlackRock’s IBIT Attracts Massive Inflows On Monday, IBIT recorded 0 inflow. However, the fund attracted a substantial $274.43 million on Tuesday, followed by $155.43 million on Wednesday. According to data from SoSoValue, it had drawn an additional $350 million…

The post Is the Ethereum ETF Launch Date Closer Than We Think? Gensler Weighs In appeared first on Coinpedia Fintech News According to SEC Chair Gary Gensler, the launch of U.S. spot Ether exchange-traded funds (ETFs) currently depends on how promptly the issuers address feedback from the Securities and Exchange Commission (SEC). In a recent statement, he mentioned that the SEC will not intentionally prolong this approval process. There has been considerable progress, with the commission approving eight 19b-4 filings…

SEC Chair Gary Gensler indicated in a recent CNBC interview that the approval process for spot Ethereum ETFs could take longer than anticipated, with S-1 registrations unlikely to be approved imminently. Ethereum’s open interest in derivatives products has surged by 50.3% to $14 billion, setting a new record, with notable increases on the Chicago Mercantile Exchange. While everyone has been eagerly awaiting the launch of the spot Ethereum ETFs, SEC chief Gary Gensler recently said in a CNBC interview that…

Over the past two days, Bitcoin ETFs have recorded $1.4 billion in inflows and hit 17 days of positive net flows, with Fidelity leading BlackRock over the past day at $220 million. Bitcoin has failed to respond to the ETF flows, gaining less than 1% in the past day to trade just above $71,000 as most of the market traded sideways. After a hiatus in recent weeks, which led to questions over whether interest had permanently faded, spot Bitcoin ETFs…

The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking 17 consecutive days of net additions. On a particularly notable Tuesday, these ETFs observed inflows totaling a staggering $886.6 million, ranking it as the second-highest single-day influx since their introduction. This was followed by another significant day of inflows yesterday, amounting to $488.1 million, with notable contributions from major financial players like Fidelity ($220.6 million), Blackrock ($155.1 million), and Ark ($71.4 million). Despite these…

Franklin Templeton CEO Jenny Johnson predicts that the current phase of Bitcoin exchange-traded fund (ETF) adoption is only the beginning. She suggests another wave is coming as institutions become more comfortable with Bitcoin ETFs. Her insights emphasize the growing potential of Bitcoin ETFs and the transformative impact of tokenizing real-world assets. Institutional Adoption and Future Potential of Bitcoin ETFs In a recent interview with CNBC, Johnson highlighted the success of EZBC, Franklin Templeton’s spot Bitcoin ETF. This fund has amassed…

The post The Inflow Of Bitcoin ETF Sees A Significant Surge, Surpasses 250K! appeared first on Coinpedia Fintech News The inflow of spot Bitcoin ETF has recorded a new high of above 253.7K with a jump of 6.9K within the past day. Moreover, it has recorded a jump of 21K in BTCs inflow this week alone. The surge in Bitcoin ETF inflows lately, highlights the increasing adoption of the cross-border payment system. Further, the growing interest in crypto investment vehicles…

The post VanEck’s Ethereum Price Prediction: ETH Price To Hit $22,000 by 2030 with ETF Boost appeared first on Coinpedia Fintech News The investment management firm VanEck recently announced an ambitious Ethereum (ETH) price target of $22,000 by 2030. This comes after the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum Exchange-Traded Funds (ETFs). According to VanEck’s analysis, several factors could drive this potential surge in Ethereum’s price, including positive investor sentiment about the newly approved ETFs, steady improvements…