Only 19% of gamblers betting on spot Ether ETF approvals are putting their money on a positive outcome for ETH ETF applicants before May ends.
ETF News
Exchange-traded funds, or ETFs, are investment funds that trade on a stock market with their value derived from an underlying basket of assets such as stocks, bonds, commodities and other financial instruments. They provide investors with easier exposure to a particular index of assets.
A Bitcoin ETF is similar, but the underlying asset is the Bitcoin (BTC) cryptocurrency rather than other traditional financial instruments. Bitcoin ETFs could provide institutional investors an easier way to buy into Bitcoin and crypto markets, thus making it more attractive to the broader investment community.
BTCetc, or Bitcoin Exchange Traded Crypto (BTCE), launched on Deutsche Börse Xetra in June 2020 as the first Bitcoin ETF available in the European market. ProShares Bitcoin Strategy ETF (BITO) was the first Bitcoin-linked ETF approved by the United States Securities and Exchange Commission (SEC). It launched in October 2021. Canada approved the world’s first spot Bitcoin ETF, Purpose Bitcoin ETF (BTCC), in February 2021.
As of October 2023, U.S. regulators had not approved a spot Bitcoin ETF, with the SEC expressing concerns about market manipulation, fraud, custody and investor protection in their hesitancy to approve such applications.
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Bitwise’s Matthew Hougan said the best advice he could give traders is to “keep calm and take the long view.”
4983The newly launched spot Bitcoin ETFs, excluding Grayscale’s, have amassed $35 billion worth of Bitcoin in just 54 days of trading.
4670Kerrisdale Capital claims MicroStrategy’ is no longer a “unique way to gain access to Bitcoin” but Michael Saylor has long argued his firm will remain an attractive option to investors.
5411Ethereum futures open reached a new all-time high, calling into question whether ETH can rally to $3,800.
4594The SEC approved investment vehicles tied to Ether futures in October but has not reached a decision about spot ETH exchange-traded funds on U.S. exchanges.
10359The crypto market is up today as investors view spot Bitcoin ETF inflows and the upcoming BTC halving as positive catalysts for bullish market momentum.
667The new milestone was reached shortly after the launch of BlackRock's first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week.
14260The ARK 21Shares Bitcoin ETF saw a massive $201.8 million in inflows, almost a four-fold increase from its daily average of $43.9 million.
21359BlackRock’s CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF.
15366Bitcoin price reversed course at the $71,000 level as professional traders' confidence began to waver.
20519Staking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.
15249Grayscale says multiple metrics make it clear that Bitcoin is in the “middle of the bull run.”
6111Bitcoin analysis is counting down to a BTC supply squeeze unlike any other — one which should come within the next year.
18923Fidelity’s Bitcoin ETF posted its largest day of gains over the last two weeks, leading the pack with $279 million in daily inflows.
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