BlackRock is a major player in the world of crypto ETFs, standing out as the only ETF provider to buy Ethereum (ETH) over the weekend. While Ethereum exchange-traded funds (ETFs) have recently struggled with significant outflows, BlackRock’s decision to accumulate ETH raises important questions about institutional confidence in the asset and whether this move could..
Australian asset manager Monochrome Asset Management has filed for the country’s first spot Ether ETF and is confident of a positive outcome. Look out for $IETH. Well done to the @MonochromeAsset ETF team. https://t.co/4xDkdD0wbN pic.twitter.com/7sbH7h2o9N — Jeff Yew (@jeffyew_) September 5, 2024 The firm announced yesterday (September 5), that it has submitted an application for..
Switzerland’s Sygnum Bank reported a profit in first half of 2024 and revealed that it holds a record 4.5 billion Francs ($5.11 billion) in client assets. This comes after the recent news that Sygnum and Amina (another Swiss bank) both launched a 24/7 payment settlements platform for cryptocurrencies. Crypto-Friendly Swiss Bank’s Impressive First Half Of..
Bitwise Asset Management committed 10% of the profits from its newly launched spot Ethereum ETF to support Ethereum open-source development, on 22 July 2024. In a press release, the Chicago-based crypto index fund manager revealed that it will donate a portion of the ETF’s profits to bolster Ethereum’s development community. Specifically, Bitwise will channel these..
Hong Kong is set to introduce a Bitcoin exchange-traded fund (ETF) that allows investors to take a bearish stance on the cryptocurrency. CSOP Asset Management Ltd, the first offshore asset manager set up by a regulated company in China, is launching the CSOP Bitcoin Futures Daily (-1x) Inverse Product. It will be the first crypto-linked..
When will Ethereum ETF be approved? Will the ETH ETF approval decision meet Reuter’s July 4th deadline – or is the SEC sitting on their hands? The Fourth of July might be more than fireworks and Coors Light this year; it could mark the debut of spot ETH ETFs. Eight major asset managers, including BlackRock,..
The US Securities and Exchange Commission (SEC) has now approved two spot Ethereum exchange-traded funds (ETFs) – Grayscale Ethereum Mini Trust and ProShares Ethereum ETF. Both companies will be launching on the New York Stock Exchange’s Arca platform. Latest ETH ETFs Await SEC’s Approval Of S-1 Filings 🗞️The U.S. Securities and Exchange Commission (SEC) has..
The price of Ethereum has rallied past the $3,500 mark on 17 July 2024, amid growing optimism about the imminent launch of spot Ether exchange-traded funds (ETFs). As of now, Ether is trading at $3,483.94, up by around 3% over the past day, according to data from CoinMarketCap. The second-largest cryptocurrency by market cap has..
Data shows that spot trading volumes across major centralized exchanges (CEX) declined 17% month-on-month. WuBlockchain, a notable crypto news and analytics account, found that the total volume in June was $1.022 billion compared to May’s total of $1.232 billion. CEX Data For June: Volume Dips As Bitcoin Slides To $60,000 The biggest loser for June..
Is Crypto Dead? Will Crypto Pump? Discover real-world applications of utility tokens & crypto projects as we unpack state of market June 2024. In 2024, Bitcoin got its long-awaited Spot Bitcoin ETF, and markets also witnessed the Halving event, and Ethereum seemingly landed spot ETF approval—yet, crypto isn’t soaring. Is the altcoin season already a..
Korean financial regulators are facing increasing pressure to authorize the creation of crypto Exchange-Traded Funds (ETFs), following the approval of Ethereum ETFs by the US Securities and Exchange Commission (SEC) on 24 May 2024. The SEC has greenlighted the creation of ETFs for Ethereum, the world’s second-largest cryptocurrency, following its earlier approval of Bitcoin ETFs in..
Is the US Securities and Exchange Commission (SEC) on the brink of making a pivotal decision regarding approving spot Ethereum Exchange-Traded Funds (ETFs)? Find out why crypto markets are so excited about spot ETH ETFs here. The 19b-4 filings and the S-1 registration statements are at the heart of this development, both of which are..
