Tag Archives: crypto etf

TL;DR An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT). Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light. The Potential Price Targets Ever since the launch of exchange-traded funds (ETFs) in the US tracking the performance of Bitcoin (in January 2024) and Ethereum (July 2024), industry participants have been wondering what’s coming next. There...

VanEck has decided to close and liquidate the VanEck Ethereum Strategy exchange-traded fund (EFUT) after carefully considering several factors, including the fund’s performance, liquidity, and investor interest. The company has given its shareholders until September 16th, 2024, to dispose of their shares before the fund is taken off the exchange. The Board approved the liquidation of Trustees of VanEck ETF Trust on September 5, 2024. The Ethereum Futures ETF (EFUT), which is traded on the...

BlackRock has introduced an Ethereum Exchange Traded Fund (ETF) in Brazil, marking a significant step in expanding cryptocurrency investment options in the region. The ETF, listed under the code ETHA39, has been launched today, on August 28 on Brazil’s B3 exchange. This product is offered as a Brazilian Depositary Receipt (BDR), a type of certificate representing shares issued by a company outside of Brazil. The expected price for launching ETHA39 is between R$ 40 and R$ 50 ($7.26 to $9.00)...

Hong Kong-based BTC ETFs peaked past $250 million in AUM, marking a tremendous achievement for the crypto industry in the jurisdiction. The amounts managed by BTC ETFs in the US eclipse those in Hong Kong. With crypto ETFs becoming an important narrative of the industry, those offered in the US make the news on a near-daily basis due to their popularity. Nevertheless, Hong Kong-based BTC ETFs are now breaking the news as they surpass $270 million in assets under management (AUM). While the...

The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF). It marks a significant development in the country’s cryptocurrency investment landscape. The new ETF, which is still in its pre-operational phase, will be introduced by Hashdex — a leading asset manager in Brazil with over $962 million in assets under management. This venture is being conducted in partnership with BTG Pactual, a prominent Brazilian investment bank. This approval...

Franklin Templeton, a prominent Wall Street asset management firm, has filed to launch a new exchange-traded fund (ETF) focused on major cryptocurrencies. The proposed Franklin Crypto Index ETF aims to offer investors exposure to Bitcoin and Ethereum under the ticker symbol “EZPZ.” This move highlights the growing interest from institutional investors in the cryptocurrency market. Moreover, it strengthens Franklin Templeton’s position in the expanding digital asset space. The Franklin Crypto...

BlackRock, the world’s largest asset manager, has recently surpassed Grayscale in total assets under management (AUM) for digital asset exchange-traded funds (ETFs). Despite offering only two funds—IBIT, a spot Bitcoin ETF, and ETHA, a spot Ethereum ETF—BlackRock’s combined AUM has reached $21.6 billion. This figure slightly surpasses the $21.3 billion managed by Grayscale across its four funds: GBTC, BTC Mini, ETHE, and ETH Mini, according to data from blockchain intelligence firm Arkham....

U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant outflow on Wednesday, with $81.36 million leaving the products, according to data from SosoValue. This marked the end of a two-day streak of positive inflows. Among the funds, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw a net inflow of $2.68 million. Franklin’s EZBC also reported an inflow of $3.42 million, its first since July 22. These two were the only funds to register inflows on Wednesday. In...

Institutions did not buy stablecoins over the weekend. BTC registered over 4% losses over a 24-hour period leading into Monday. BTC’s price dropped to below $60,000 on Monday, causing a decline of about 4% from the day prior when it traded at $62,510. The dipping price action occurred as institutional players stopped acquiring stablecoins for two days before the week started. Blockchain analytics firm Lookonchain posted about the occurrence, “Institutions seem to have temporarily stopped...

Brazil’s Securities and Exchange Commission, or the Comissão de Valores Mobiliários (CVM), has approved SOL Exchange Traded Funds (ETFs). The issuance will occur after Brazil’s stock market, B3, approves it, which is the next and final step in the process. This fund will be one of the only few SOL ETFs in issuance worldwide at the moment. The first was the product offered by 21Shares, ASOL, on Switzerland’s SIX exchange in 2021. Others include CoinShares’ Physical Solana and ETC Group’s...