Tag: ETF

South Africa’s Sygnia Urges Caution on Bitcoin ETF Exposure

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A $20 billion South African asset manager has been warning their investors from investing too much in their Bitcoin exchange-traded fund due to its price volatility.  In an interview on Monday, Magda Wierzycka, the CEO of Sygnia, told Bloomberg TV that the company will intervene to ensure clients don’t shift too much of their portfolio to its ETF, Sygnia Life Bitcoin Plus, which is benchmarked off BlackRock’s iShares Bitcoin Trust.  However, she later acknowledged that Bitcoin could be turning into a long-term play.  Wierzycka said the primary concern from Sygnia,…

Fidelity Ethereum ETF purchases 34,740 Ethereum worth $159.4M

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Key Takeaways Fidelity Investments purchased 34,740 ETH (~$159.4M) for its spot Ethereum ETF. Institutional demand for Ethereum exposure via regulated investment vehicles remains strong. Share this article Fidelity Investments, a major U.S. asset management firm, purchased 34,740 Ethereum tokens valued at $159.4 million for its spot ETF on Thursday. The acquisition reflects continued institutional demand for Ethereum exposure through regulated investment products. Spot Ethereum ETFs launched in mid-2024 following regulatory approval. Ethereum ETFs saw cumulative inflows exceeding $1 billion in their first few months after launch in 2024, reflecting growing…

Bitcoin ETF sees $552.7M inflow and Ethereum ETF sees $113.1M inflow on Sept. 11

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Key Takeaways Bitcoin ETFs saw significant inflows of $552.7 million on September 11. Ethereum ETFs attracted $113.1 million in inflows on the same date. Share this article Bitcoin exchange-traded funds recorded $552.7 million in inflows on September 11, while Ethereum ETFs saw $113.1 million in inflows on the same day. The inflows represent investor purchases of the digital asset ETFs during the trading session. Bitcoin ETFs attracted nearly five times more capital than their Ethereum counterparts. Both crypto asset categories saw positive investor demand, with the combined inflows totaling $665.8…

XRP Rally To $3.60 Must Include More Than ETF Approval

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Key takeaways: Bloomberg analysts assign 95% odds for an XRP ETF, with a SEC decision expected for October. XRPL adoption lags peers, holding just 2% of Real World Assets despite stablecoin growth. XRP (XRP) price faced rejection on Tuesday after reaching its highest level in nearly two weeks at $3.04. The move was driven by speculation around a potential XRP exchange-traded fund (ETF) approval in the United States and increased institutional participation in XRP derivatives, raising expectations about whether XRP might revisit the $3.60 level seen in July. XRP futures…

SEC delays Bitwise Dogecoin and Grayscale Hedera ETF decisions to November

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The US Securities and Exchange Commission (SEC) delayed decisions on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF, keeping both applications under review until November 12. On Tuesday, the SEC pushed back its deadline on NYSE Arca’s proposal to list the Bitwise Dogecoin ETF. The application was first filed in March and published in the Federal Register on March 17, beginning the statutory review period. That same day, the agency also extended its review of Grayscale’s application to list the Hedera ETF, setting the same November deadline. Grayscale updated…

Bitwise registers Avalanche ETF in Delaware

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Key Takeaways Bitwise has registered a trust in Delaware for a potential spot Avalanche (AVAX) ETF. The Bitwise Avalanche ETF would expand Bitwise’s lineup of crypto investment products if approved. Share this article Bitwise Asset Management has registered an Avalanche exchange-traded fund in Delaware as the fund manager seeks to expand its lineup of single-crypto investment products beyond Bitcoin and Ethereum. The trust entity, called “Bitwise Avalanche ETF,” was registered on September 5. The move signals that Bitwise will soon submit a registration statement to the SEC in a bid…

New ‘inverse’ Bitcoin ETF now lets investors short BTC price

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Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash. In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday. Horizons: Bitcoin has “polarizing views” Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first such fund dedicated to Bitcoin price losses, not gains. Dubbed the BetaPro Inverse Bitcoin ETF (BITI),…

Coinbase Listing Will Cause “Crypto Gold Rush”, Say ETF Investors

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Key Takeaways Coinbase’s stock listing on the stock market is promoting bullish sentiments around Bitcoin and crypto. Galaxy Digital joins the list of Bitcoin ETF applicants with a registration filling this morning. Finance experts are hopeful for a Bitcoin ETF approval this year. Share this article Coinbase’s COIN stock listing and anticipation around Bitcoin ETF offerings will lead to the next phase of institutionalization of Bitcoin and crypto markets, according to experts.  The Picks and Shovels of Crypto Industry  Coinbase is the first U.S.-based exchange to obtain a green light…

Could Switzerland’s Crypto ETP Make a Bitcoin ETF More Likely?

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Twitter Facebook LinkedIn This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.” Like the Coinbase Index and Bitwise Hold 10, Amum ETP represents the value of five cryptocurrencies that include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). Investors in the Amun ETP will hold a basket of cryptocurrencies that meet the requirements and criteria set forth by the investment firm. “Unlike actual assets such as stocks or gold, an…

“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?

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Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world. The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on the space’s ETF pursuit at a time when industry chatter on the topic has never been louder. If you haven’t found him extolling the benefits of a bitcoin ETF on Twitter, you may have come across his…