Search results for: Grayscale SEC

Bitwise Asset Management Gain Fast Track SEC Approval for ETH ETF Starting 2nd October

Bitwise Asset Management has amended its spot Bitcoin exchange-traded fund (ETF) application, with trading for two Ether futures ETFs slated to begin on October 2nd. This endeavor will kickstart the trading for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. According to Bitwise, the introduction of these ETFs […]

Bitcoin Surpasses Silver in Market Cap

Bitcoin’s remarkable climb continues as the cryptocurrency overtakes silver in market capitalization. Reaching $1.75 trillion on Monday evening. After briefly peaking at $89,560, Bitcoin is now positioned as the eighth-largest global asset, according to CoinGecko and Infinite Market Cap data. This milestone highlights Bitcoin’s evolving role in the financial landscape. As institutional investors and the […]

Bitcoin ETFs See Record Inflows After Trump Win

Bitcoin is experiencing a surge in demand, with its price nearing $85,000. But it’s not just the coin itself that’s attracting attention. American spot exchange-traded funds (ETFs) have seen record-breaking inflows in the past week, totaling nearly $2 billion. This wave of interest follows Donald Trump’s recent election win. Which has spurred optimism across the […]

Ethereum Rises Past $3K Amid Bitcoin Surge

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has broken through the $3,000 threshold for the first time since August, marking a significant milestone amid a broader market upswing. Peaking at $3,056 early Saturday, Ethereum’s 20% weekly climb has outpaced Bitcoin’s 10% rise, fueled by President-elect Donald Trump’s pro-crypto stance, which has injected fresh optimism […]

BlackRock’s Bitcoin ETF Breaks Inflow Record

BlackRock’s iShares Bitcoin Trust (IBIT) broke its daily inflow record on Thursday, pulling in $1.12 billion as demand surges for U.S. spot Bitcoin exchange-traded funds. This milestone tops its prior record set just days earlier on October 30, which saw $872 million in inflows, according to SoSoValue data. As the world’s largest asset manager, BlackRock […]

Bitcoin ETFs Set New Record With Over $66 Billion in Assets

The twelve U.S.-based spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone, logging their highest total net asset value since their launch in January. According to SoSoValue data, the combined value of Bitcoin held in these ETFs now exceeds $66.1 billion. Surpassing the previous record of $62.6 billion set in early June. This record-breaking […]

Crypto Funds See $407 Million Inflows Amid Political Shifts

Global crypto funds experienced a sharp reversal last week, with net inflows totaling $407 million, following $147 million in outflows the previous week, according to CoinShares. This sudden uptick in investment comes as political developments in the U.S. take center stage, ahead of the presidential election in November. Leading asset managers like BlackRock, Bitwise, Fidelity, […]

Ethereum Outpaces Bitcoin Following Fed Rate Cuts

The cryptocurrency landscape is experiencing notable shifts as Bitcoin lingers around the pivotal $64,000 mark. Ethereum is outpacing Bitcoin, especially since the Federal Reserve implemented a 50 basis point rate cut. This performance suggests changing dynamics in the market and has investors re-evaluating their positions. Institutional Investments Grow Despite slight market corrections, institutional enthusiasm for […]