Category: Fiat

Spot Ethereum ETF May Launch Sooner Than Expected

Despite the prevailing pessimism among industry observers, a spot Ethereum exchange-traded fund (ETF) could be closer to launch than anticipated, according to Coinbase, America’s largest cryptocurrency exchange. In a recent communication, Coinbase highlighted the ongoing uncertainty due to the Securities and Exchange Commission (SEC)‘s reticence but remained optimistic about the eventual approval of such a […]

U.S. Spot Bitcoin ETFs Surge Amid Positive Market Trends

In a significant financial development, U.S. spot Bitcoin ETFs have experienced a notable surge, recording a two-week high inflow of $303 million as Bitcoin’s price soared past $66,000. According to data from Farside Investors, all U.S. spot Bitcoin ETFs, with the exception of BlackRock’s iShares Bitcoin Trust (IBIT), reported inflows on May 15th. Notably, IBIT […]

Hong Kong Crypto ETFs Experience Significant Outflows

Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) saw heavy outflows on Monday following bitcoin’s drop below $61,000 on Friday. The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, experienced a combined $32.7 million outflows on Monday, according to data from Farside Investors. This number is significantly higher […]

Wells Fargo Dips Into Bitcoin ETFs

American banking giant Wells Fargo has recently marked its entry into the cryptocurrency sector by investing in multiple Bitcoin ETFs (Exchange-Traded Funds), according to a new regulatory filing. The move underscores the growing interest from traditional financial institutions in crypto assets. The filing with the U.S. Securities and Exchange Commission (SEC) revealed that Wells Fargo […]

Spot Bitcoin ETFs See Rebound

After four weeks of sustained outflows totaling over $1 billion, spot bitcoin exchange-traded funds (ETFs) in the United States have finally seen a return to net inflows, amassing $116.8 million last week. This marked change was led predominantly by Fidelity’s FBTC and Ark Invest’s ARKB, signaling a potential shift in investor sentiment towards these investment […]

Bitcoin ETFs Smash Growth Records

The cryptocurrency investment landscape has witnessed a historic milestone as the spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have shattered previous records for rapid asset accumulation. According to Bloomberg’s senior ETF analyst Eric Balchunas, these funds have amassed over $10 billion in assets under management at an unprecedented pace. BlackRock’s iShares Bitcoin Trust […]

Future of Finance: Beyond Just CBDCs

At the Financial Times Crypto and Digital Assets Summit, J. Christopher Giancarlo, the co-founder and executive chairman of the Digital Dollar Project, challenged the prevailing narrative surrounding Central Bank Digital Currencies (CBDCs). Giancarlo argued that the future of finance is not limited to CBDCs but includes crypto, stablecoins, and beyond, making a compelling case against […]

Grayscale Drops Ethereum ETF Plans

Grayscale, a leading crypto asset manager, has recently retracted its intention to launch an exchange-traded fund (ETF) for Ethereum futures, officially withdrawing its application with the Securities and Exchange Commission (SEC). Initially filed on September 19, 2023, the proposal for the Grayscale Ethereum Futures Trust ETF has faced multiple delays, with the SEC citing the […]