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Read More »Spot ETF Inflows to Have Weaker Effect on Ether Than Bitcoin – CryptoQuant
The first wave of spot Ethereum exchange-traded funds (ETFs) in the United States debuted on July 23, with inflows running above $100 million. While the positive flows signal a strong start for the funds, ether (ETH) may not witness the parabolic uptrend bitcoin (BTC) saw after asset managers launched its ETFs earlier this year. In CryptoQuant’s latest weekly crypto report, on-chain experts explained that new money flows into digital asset products like ETFs would have a...
Read More »Ethereum ETFs Are Not Like Bitcoin ETFs (So Far)
A few months after the SEC gave the initial green light, the spot Ethereum ETFs officially hit the ground last Tuesday. However, the immediate results have been quite underwhelming, and one can’t help but compare them to the spot Bitcoin ETF launch in January this year. ETH ETFs Vs. BTC ETFs CryptoPotato reported earlier this week that the nine spot Ethereum ETFs had a solid first day, gathering more than $106 million in net flows. As expected, the converted Grayscale fund...
Read More »The State Of Michigan Has Bought Bitcoin In Its Pension Fund
Yet another regional government has disclosed an allocation to the newly launched Bitcoin ETFs, forging another step in Bitcoin’s growing adoption among not only institutions but also governments. In a Form-13F filed on Friday, the State of Michigan Retirement System revealed that it had $6.6 million allocated to Bitcoin ETF products as of June 30. Michigan Buys Bitcoin According to the filing, the pension fund made its first Bitcoin investment through the Ark 21Shares...
Read More »Jersey City Pension Fund to Invest in Bitcoin ETFs
Steven Fulop, the mayor of Jersey City, New Jersey, has announced that the city’s pension fund will allocate a portion of its investments into Bitcoin ETFs. Fulop also expressed his long-standing belief in cryptocurrency, although he had not publicly mentioned Bitcoin or other assets before July 25. Jersey City Updates Paperwork with SEC In a July 25 post on X, Mayor Fulop announced that they are updating paperwork with the United States Securities and Exchange Commission...
Read More »Hashdex Files S-1 for First ETF Holding Bitcoin and Ethereum in the US
Hashdex, a crypto asset management firm, has filed its registration statement, S-1, with the U.S. Securities and Exchange Commission for its Hashdex Nasdaq Crypto Index US ETF. Notably, the move is a step in its plans to be the first index-based crypto ETF in the U.S. that will track some digital assets in the Nasdaq Crypto US Settlement Price Index. Hashdex’s Crypto ETF Awaits SEC Nod According to the firm’s S-1 filing, the Sponsor will shift to a sample replication strategy...
Read More »Ark Invest Sells Off Shares of Its Own Spot Bitcoin ETF Worth $7.8M
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Read More »Bitcoin Breaks $68,000 Mark amid Record Inflows and ETF Momentum
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Read More »Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...
Read More »BlackRock AUM Tops $10T amid Bitcoin ETF Boost
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