ETF

Spot Ethereum ETFs saw surprisingly strong inflows on Tuesday, cumulatively adding over $33 million yesterday.  This comes after Grayscale’s outflows tapered down to just $120 million on Tuesday from $210 million the day before. Meanwhile, BlackRock’s ETHA ETF recorded a massive $117 million in inflows, bringing its total tally to $618 million since launch.  Great news from the Ethereum flows!Yesterday, the markets saw a net INflow of $33 million for $ETH.It explained why ETH/BTC is stronger.The outflow from the Grayscale…

The post Ethereum ETF Records A Positive Inflow For The First Time Since Launch! appeared first on Coinpedia Fintech News On 30th July, the ETH ETF recorded a positive flow for the first time since its launch on 23rd July. Blackrock’s “ETHA” continues to lead with an inflow of $118 Million, followed by Fidelity’s “FETH” with $16.4 Million. Grayscale’s “ETH” records an inflow of $12.4 Million, whereas Franklin’s “EZET” and Bitwise’s “ETHW” add $3.7 Million and $3.5 Million over the…

Finally, the spot Ethereum ETFs debuted on July 23 after a long-awaited period and numerous delays. However, ETH, the native cryptocurrency of the Ethereum blockchain, is not the only one in the spotlight. Altcoins, some of which have their fundamentals linked to the blockchain and share a strong correlation with it, could benefit from the development. Here are the top three altcoins that historical trends show could gain from the ETH ETFs. Thanks to Ethereum, Uniswap (UNI) Is Prepared to…

The State of Michigan Retirement System recently invested $6.6 million in Bitcoin using the ARK 21Shares ARKB spot BTC exchange-traded fund (ETF). This information was revealed in a 13-F Form filed with the Securities and Exchange Commission (SEC) yesterday. Michigan Pension Fund Supports the Ongoing Trend A 13-F Form is a quarterly report that institutional investors are required to submit to the SEC if they manage over $100 million in assets. This Bitcoin investment makes up 0.004% of the pension…

The post Bitcoin ETF Whales Likely To Invest Major Capital In BTC Acquisition: Blackrock appeared first on Coinpedia Fintech News According to Adam Back, Blockstream CEO, in a post on X, the market should anticipate institutional investors with huge buying power to dominate the market. With $5 trillion worth of funds, Bitcoin ETF whales are likely to invest a majority of the capital into Bitcoin acquisition and consolidating their positions. Analysts say that BlackRock, with its over $10 trillion AUM,…

The post Crypto Bulls Awaken! Bitcoin ETF Inflows Surge, BlackRock Dominates appeared first on Coinpedia Fintech News On July 29, Bitcoin ETFs saw a notable inflow of $124.1 million, taking advantage of Bitcoin’s recent price drop to $66,000. The standout performer was BlackRock’s IBIT ETF, which attracted a significant $205.6 million. This is the largest inflow since July 22, bringing IBIT’s total net inflows to $19.9 billion. In contrast, Grayscale’s GBTC ETF faced a $54.3 million outflow, increasing its total…

The post After BTC ETF, 21Shares Now Integrates Chainlink for Its ETH ETF! appeared first on Coinpedia Fintech News One of the world’s largest issuers of crypto exchange traded funds (ETPs), 21Shares, has integrated Chainlink’s Proof of Reserve (PoR) on Ethereum to make their Core Ethereum ETF (CETH) transparent. This step will enhance investors’ trust in the firm. 21Shares integrating Chainlink In a press release, 21Shares US LLC, shared the information about this integration. They have integrated the Industry standard…

Solana (SOL) has been making waves in the cryptocurrency market with its impressive performance and robust technology. Known for its high transaction speeds and low fees, Solana (SOL) has quickly become a favorite among developers and investors. As interest in Solana (SOL) continues to grow, rumors of a potential Solana ETF are circulating, which could further boost its appeal and accessibility. The Potential Impact of a Solana (SOL) ETF The introduction of a Solana (SOL) ETF could significantly impact the…

The post Ethereum Price Rallies After ETF Debut: Is $3500 Target Next? appeared first on Coinpedia Fintech News On July 22, Ethereum ETFs launched with a bang, racking up over $4 billion in trading volume within their first week. This remarkable start hints at a possible boost for ETH prices. The new Ethereum ETFs after the first week saw US$1.18bn of inflows, although the massive outflows from incumbent Grayscale have meant a net outflow of US$338m. pic.twitter.com/LdjLcuQSmF— James Butterfill (@jbutterfill)…