Tag: ETF

Bitcoin, Ether ETF Outflows Deepen as SOL Inflows Surge Amid Macro Jitters

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Spot Bitcoin and Ether exchange-traded funds (ETFs) continued to bleed capital on Tuesday, with both assets seeing their fifth straight day of outflows. In contrast, Solana funds extended their inflow streak to six days. According to data from Farside Investors, spot Bitcoin (BTC) ETFs saw $578 million in net outflows on Tuesday, the steepest single-day decline since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led withdrawals. Spot Ether (ETH) ETFs faced similar selling pressure, registering $219 million in net redemptions. Fidelity’s FETH and BlackRock’s ETHA products bore the…

Franklin Templeton updates XRP ETF filing, aiming for launch this month

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Key Takeaways Franklin Templeton updated its S-1 filing for a proposed XRP spot ETF, removing 8(a) language that could delay approval. This signals the firm’s aim to launch the XRP ETF within this month. Share this article Franklin Templeton, an asset management firm advancing spot crypto ETF filings, updated its S-1 filing for an XRP ETF, a proposed spot exchange-traded fund tracking the XRP cryptocurrency, by removing 8(a) language that could delay regulatory approval. The move signals the firm’s intention to launch the product this month. The 8(a) provision in…

BlackRock plans to launch Bitcoin ETF in Australia

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Key Takeaways BlackRock is planning to launch a Bitcoin ETF in Australia, expanding its regulated crypto offerings to the Asia-Pacific region. The ETF will allow Australian investors to gain Bitcoin exposure via traditional stock exchanges, without the need for direct crypto ownership or offshore investments. Share this article BlackRock, the world’s largest asset manager, plans to list its iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange, marking a major step in expanding regulated crypto investment access across the Asia-Pacific region. The move would provide Australian investors with direct access…

Ether Price Risks Drop Below $3K as Spot ETF Inflows Cool

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Key takeaways: Ethereum ETFs experienced outflows for three consecutive days, totaling $364 million. Strategic Ether reserves and ETF holdings have dropped by 124,060 ETH since mid-October. Ether’s descending triangle is in play on the eight-hour chart, targeting $2,870 ETH price. Ether (ETH) fell 14% over the past 30 days, dropping below $4,000 to trade at $3,724 on Monday. However, technical and ETF data are not showing much bullishness, increasing the odds of a further correction below $3,000. ETH/USD daily chart. Source: Cointelegraph/TradingView Waning institutional demand pulls down ETH price The…

Is XRP the New Bitcoin? Why Wall Street Is Buzzing About Its ETF

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Key takeaways XRP ETF talk has moved from Crypto Twitter to Wall Street trading desks. Analysts say the first few months of inflows could top $1 billion. SEC rule changes have streamlined spot crypto fund listings. Approval isn’t guaranteed, but momentum is building fast. Talk of a spot XRP (XRP) exchange-traded fund (ETF) has shifted from Crypto Twitter to real trading desks. Two factors are driving it. First, ETF specialists Nate Geraci and Bitwise chief investment officer Matt Hougan say the market is underestimating demand for a spot XRP ETF.…

Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows

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Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash. Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows.  Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders. The new inflows are mainly attributed to…

Bitcoin Range Trades As Altcoins, Spot BTC ETF Sell-off

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Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk of BTC recording its first-ever red October close in seven years. After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning…

Canary Funds updates S-1 filing for XRP spot ETF, targeting November 13 launch

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Key Takeaways Canary Funds updated its S-1 for an XRP spot ETF, removing the delaying amendment. The ETF could launch on November 13 pending Nasdaq’s approval of the 8-A filing. Share this article Canary Funds has filed an updated S-1 registration for its proposed XRP spot ETF, removing the delaying amendment that previously allowed the SEC to control the timing of effectiveness, according to Fox Business reporter Eleanor Terrett. 🚨SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” that stops a registration from…

SOL Pinned Below $200 Even As ETF Volumes Spike

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Key points:  SOL remains pinned below $200 even as Solana ETF daily trading volumes impressed analysts.  Analysts say SOL price action could mirror ETH’s lagging performance after the Ethereum spot ETFs launched.  Traders and analysts were highly bullish on SOL (SOL) throughout September, citing the US Securities and Exchange Commission’s Oct. 10 deadline for a portion of the spot ETF approvals and the stellar performance of the BTC and ETH ETFs as the thesis for positioning ahead of the event.  At the time, data showed various investor cohorts piling into…

21Shares Bids for HYPE ETF as Bitwise Solana ETF Has Big Day

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Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies. The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians. It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used…