ETF

The post First Day of Hong Kong’s ETF Disappoints As Bloodbath Continues appeared first on Coinpedia Fintech News In a disappointing turn for investors, Hong Kong’s launch of six new spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded significantly lower trading volumes than their counterparts in the United States.  The trading volume for these ETFs reached just HK$87.5 million ($11.2 million), in stark contrast to the impressive $4.6 billion achieved by the inaugural trading of 11 spot Bitcoin ETFs in…

The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the United States. HK Bitcoin ETF Market Poised For Record-Breaking Debut Zhu Haokang, the Digital Asset Management Supervisor and Family Wealth Supervisor at Warsaw…

Analysts at Bernstein have assured investors that the slowdown in Bitcoin ETF flow is a temporary pause with resumption imminent. The firm offers a bullish outlook for BTC and further argues that the denial of an ether spot ETF could be bullish for ether. With investors raising concern over the falling Bitcoin ETF inflows, research and brokerage firm Bernstein has offered assurance that this is a temporary slump. The launch of Bitcoin spot ETFs was one of the most bullish…

Spot Bitcoin ETFs have caused a major stir in the cryptocurrency industry, unlike anything seen before. Following the US and Hong Kong, Australia is now gearing up for a series of launches of Bitcoin exchange-traded funds. The ASX has received applications from at least two organizations, and there’s another one in the pipeline Australia Braces for Bitcoin ETF ASX Ltd., which manages about 80% of the country’s equity trading, is expected to approve the first spot Bitcoin ETFs for the…

BlackRock’s Bitcoin ETF experienced three consecutive days without any new investments. This starkly contrasts other Bitcoin ETF investment products, which saw significant outflows totaling $328 million. The iShares Bitcoin Trust (IBIT) had enjoyed a streak of 71 days with continuous inflows before this recent trend of no new investments. Explaining BlackRock’s Zero Inflows Due to the current zero flow trend, some community members have interpreted it as indicative of diminishing investor interest in Bitcoin. However, Bloomberg ETF analyst James Seyffart…

Bitcoin slips from $64k to $62k at press time amid a daily total net outflow of $217 million of the US listed Exchange Traded Funds (ETFs).  An analyst believes that there could be a bearish extension that could send the BTC price to as low as $59k once it falls below $63.3k.  The Bitcoin (BTC) price has remained relatively stable after the halving event, holding strongly above $60k and rotating within the $62k-67k amid the unprecedented outflows of the three-month-old…

The post Franklin Templeton’s Ethereum ETF Listed Despite SEC Rejection Rumors appeared first on Coinpedia Fintech News Whispers in financial circles suggest that the SEC might reject Ethereum ETFs by the looming May 23rd deadline. However, Franklin Templeton’s recent move has caught everyone off guard. In a bold move, Franklin Templeton has listed its “Franklin Ethereum TR Ethereum ETF,” bearing the code EZET, on the Depository Trust and Clearing Corporation (DTCC). This unexpected move comes at a time when rumors…

The post How BNY Mellon’s Bitcoin ETF Stake and Dividend Payout Reflect Changing Financial Landscape appeared first on Coinpedia Fintech News BNY Mellon, America’s oldest bank, started supporting cryptocurrencies like Bitcoin and Ethereum via its custody services in 2022. It met the rising institutional demand for a financial setup that handles both traditional and digital assets. On April 25, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) said it will give out $0.035 per…

The post Three Altcoins Set to Thrive Amidst Ethereum’s ETF Buzz appeared first on Coinpedia Fintech News Analyst Cheeky Crypto has rattled the cryptocurrency community with his latest revelation: turn your attention away from Bitcoin and Ethereum and focus on three hidden gem altcoins poised for explosive growth in 2024. The analyst commenced by shedding light on the pivotal role of Exchange Traded Funds (ETFs) in the crypto arena, especially concerning Ethereum. With the impending approval of Ethereum’s ETF, Cheeky…