ETF

The United States Securities and Exchange Commission (SEC) recently pushed forward the deadline surrounding the decision on the approval of digital asset management firm Grayscale’s Ethereum ETF. Through a filing that was published on March 22, the SEC noted that it would postpone the March 31 deadline to May 30. Then, they would decide if they would approve or not approve this Trust exchange-traded fund. However, the Web3 community is optimistic about the outlook, and are already accumulating cryptocurrencies in…

Top analyst has described what impact a XRP ETF premium will do to the price of the cryptocurrency. XRP ETF is not launched but optimism in its eventual debut is high. Taking to the X platform, Chad Steingraber, a notable XRP community member, has made a bold forecast regarding the future trajectory of XRP in the event of the launch of an Exchange-Traded Fund (ETF). Steingraber’s ETF Speculation Steingraber noted in his post that if XRP could break its all-time…

Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds (ETFs) will continue for years as more investors and institutions adopt the products. In a tweet detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated 3% of their client’s portfolios to Bitcoin ETFs and those who have not nursed the thoughts at all, showing a gap in the adoption pace…

BlackRock’s CEO Larry Fink expressed confidence in the feasibility of an Ethereum ETF, even if ether is designated as a security. Despite regulatory uncertainties and the SEC’s cautious stance, the market optimism for Ethereum ETFs remains high. Recently, CNF reported that BlackRock, a leading asset manager, anticipates the SEC’s approval for an Ethereum ETF, buoyed by their success with Bitcoin ETFs. This development underscores the growing confidence in digital assets. During a Wednesday interview on Fox Business, BlackRock’s notable foray…

XRP and Litecoin ETFs are seen as more likely to gain approval over Ethereum ETFs, as indicated by Valkyrie Funds’ CIO. Regulatory outlook and market perspectives favor XRP and Litecoin due to less ambiguity compared to Ethereum. Valkyrie Funds’ Chief Information Officer (CIO) recently engaged in a fireside chat, the insights from which were shared by Fox Business reporter Eleanor Terret. As a leading financial services firm, Valkyrie Funds uniquely merges traditional finance with the dynamic digital asset sector. Stationed…

The post BlackRock CEO: Ethereum ETF Still in Play, Regardless of Security Tag appeared first on Coinpedia Fintech News The world of cryptocurrency is abuzz with talk of a potential Ethereum ETF, and BlackRock, the world’s largest asset manager, is throwing its weight behind the idea. Larry Fink, BlackRock’s CEO, has expressed confidence that an Ether-based ETF could be launched, even if the SEC classifies Ether (ETH) as a security. This news comes amidst ongoing scrutiny by the SEC regarding…

Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.8 million, effectively offsetting…

XRP enthusiasts are in a frenzy after prominent community figure Chad Steingraber proposed a scenario where an XRP exchange-traded fund (ETF) could trade at a staggering 100x premium. Steingraber, a seasoned game designer, laid out his thoughts in a recent post, igniting discussions about the potential trajectory of an XRP ETF, particularly in light of the ongoing push for institutional adoption of the altcoin. Targeting A $500 XRP ETF Share Price Steingraber’s speculation centers around the price at which an…

Asset management firm Fidelity has submitted a proposal for a spot Ethereum ETF with staking to the Securities and Exchange Commission following the success of the first spot Bitcoin ETF.  The Fidelity Ethereum Fund will track the performance of Ethereum and will incorporate a unique staking feature.  Fidelity Files for Ethereum ETF  Fidelity’s application comes after the Securities and Exchange Commission approved spot Bitcoin ETFs, with Fidelity being one of the pioneering issuers. The approval of spot Bitcoin ETFs helped…