ETF

In a recent interview on FOX Business, BlackRock CEO Larry Fink shared his insights on the potential for an Ethereum exchange-traded fund (ETF) amidst regulatory scrutiny. Despite concerns over a possible designation of Ethereum as a security by the U.S. Securities and Exchange Commission (SEC), Fink expressed confidence in the feasibility of launching such an ETF. SEC’s Stance on Ethereum Raises Doubts BlackRock and several other ETF providers have submitted applications for a spot Ethereum ETF to the SEC. However,…

On March 26, Hashdex announced the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF, which will trade under the ticker ‘DEFI.’ The move to convert the futures fund to a spot ETF has been made in partnership with Tidal Investments LLC. DEFI has completed the conversion of its investment strategy to allow the fund to hold spot Bitcoin and track the Nasdaq Bitcoin Reference Price, it noted. Crowded ETF Marketplace Hashdex has now become the eleventh…

The Ethereum ETF is generating quite a buzz in the cryptocurrency market, and traders are eager to jump on the opportunity. By diversifying their portfolios with promising altcoins, they hope to capitalize on the potential approval. In today’s article, we’ll go over five top altcoins that stand to benefit from this decision with KangaMoon (KANG) at the forefront. The Best Altcoins to Buy Before ETH ETF Approval KangaMoon (KANG) Market Cap: $14M We believe KangaMoon (KANG) is the top altcoin…

Rumors regarding a potential spot Litecoin (LTC) Exchange-Traded Fund (ETF) have sparked a significant price surge, with the digital asset gaining 10% amid speculation of institutional interest. Fox Business journalist Eleanor Terrett, through a post on X (formerly Twitter), unveiled insights suggesting growing institutional intrigue towards a Litecoin ETF. Terrett shared, “SCOOP: Hearing rumblings on the institutional level about possible interest in a Litecoin ETF. The logic is that because of LTC functional similarities to BTC, the SEC may be…

The five successive days of $BTC outflow, driven by the Grayscale Spot ETF selling, have now been cancelled out by a $418 million inflow on Tuesday. It’s now just a matter of time before the Grayscale outflows diminish drastically, and the bitcoin buying picks up pace again. For five straight days the Grayscale Bitcoin Spot ETF (GBTC) sold $BTC massively into the market, at the same time as inflows in the other 9 Spot Bitcoin ETFs dried up. What did…

The cryptocurrency space is a whirlwind of innovation, speculation, and, sometimes, pure meme-fueled frenzy. In this wild ride, two major narratives have been grabbing headlines: the potential approval of a spot Ethereum ETF (Exchange Traded Fund) by the U.S. Securities and Exchange Commission (SEC) and the ever-evolving world of memecoins. However, recent developments suggest a potential shakeup in both these areas. Let’s explore what’s brewing. Ethereum ETF Approval Looks Less Likely In recent months, anticipation has been building around the…

For the first time since March 15, the net aggregate flow of funds to the newly launched batch of spot BTC ETFs is positive. March 25 saw a net inflow of $15.4 million, reversing a trend that has resulted in net outflows of $887 million over the past week. While yesterday’s inflow figure is the lowest since January 26, it marks a trend reversal as Bitcoin prices recover following their pre-halving retrace. Bitcoin ETFs Back in Black Preliminary data from…

Alex Thorn, the head of firmwide research at Galaxy Digital, has suggested a spot Ethereum ETF in May is highly unlikely due to the Securities and Exchange Commission subpoenas and a lack of engagement.  According to reports, the Securities and Exchange Commission is attempting to classify ETH as a security.  Spot Ethereum Approval In May Unlikely  Recent reports have indicated that the Securities and Exchange Commission has issued several subpoenas to crypto firms regarding their relationship with the Ethereum Foundation.…

Bitcoin's latest price surge to $66,245 has captured the attention of investors worldwide. Amidst a week of fluctuating fortunes, where it experienced a 7.30% dip only to rebound with a 4.2% increase in 24 hours, the spotlight has turned to a pivotal factor contributing to this rollercoaster: Bitcoin ETFs. As these financial instruments gain traction, their impact on the market is undeniable, heralding what many believe to be the start of an unprecedented bull run. But as investors navigate this…