Tag: ETF

Bitcoin Derivatives and ETF Flows Signal Caution: Will BTC break $91K?

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Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin. Key takeaways: Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions. AI-driven tech relief has cut market stress, but BTC strength relies on holding $90k as investors bet on liquidity support amid softer job market data. Fed target rate expectations for Dec.…

Ethereum ETF outflows surge to $1.4B in November

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Key Takeaways Ethereum ETFs saw $1.4 billion in net outflows in November, indicating reduced investor confidence or rebalancing. Major funds affected include BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH). Share this article US-listed spot Ethereum ETFs recorded $1.4 billion in net outflows in November as investors retreated from spot crypto funds during a choppy month for markets. The outflows affected major funds, including BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH), both of which track Ethereum’s price performance without requiring direct crypto holdings. Spot Ethereum…

BlackRock Bitcoin ETF records $114 million in net outflows amid market volatility

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Key Takeaways Around $114 million was withdrawn from BlackRock’s Bitcoin ETF on Friday. The outflows reflect ongoing volatility and decreasing institutional appetite for Bitcoin exposure. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) saw approximately $114 million in net inflows on November 28 amid ongoing crypto market volatility. The substantial outflow comes as many investors continue reducing their digital asset exposure. The selloff reflects investor sentiment across US spot Bitcoin ETFs, which have experienced notable outflows in recent weeks. BlackRock has observed clients pulling back from Bitcoin positions during the…

CoinShares Unexpectedly Withdraws Staked SOL ETF Application

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Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday. The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states: “The Registration Statement sought to register shares to be issued in connection with a transaction that was ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement.” The first staked Solana (SOL) ETF, issued by REX-Osprey, debuted in the United States in June,…

Why XRP Will Not Reach $100 By End Of Year Despite ETF Launch

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Interest in XRP has increased massively after the launch of Spot XRP ETFs, leading some supporters to float a $100 per token rally before the end of the year. That scenario, however, appears highly unrealistic when basic market fundamentals are considered.  In a recent post on X, Zach Humphries dismissed triple-digit predictions, calling them “delusional” and warning that they mislead people who don’t grasp the math behind market valuation. The Market Cap Reality Check Any attempt to peg XRP at $100 must first contend with its circulating supply and the…

Senator Dave McCormick reveals up to $150K purchase of Bitwise Bitcoin ETF this week

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Key Takeaways Senator Dave McCormick disclosed having purchased up to $150,000 in shares of the Bitwise Bitcoin ETF. McCormick sits on the Senate Banking Committee’s digital assets subcommittee, influencing crypto policy. Share this article Senator Dave McCormick, a Republican from Pennsylvania who serves on the Senate Banking Committee’s digital assets subcommittee, on Thursday disclosed fresh purchases of the Bitwise Bitcoin ETF valued somewhere between $65,002 and $150,000. McCormick made one purchase on Nov. 24 and a second the following day, according to a periodic transaction report. The Bitwise Bitcoin ETF,…

Bitcoin ETF Investors In Profit Amid Interest Rate Cut Expectations

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BlackRock’s spot Bitcoin exchange-traded fund (ETF) holders are back in profit after Bitcoin’s recovery above $90,000, an early sign that sentiment may be turning among one of the key investor groups driving the market this year. The holders of the largest spot Bitcoin (BTC) fund, BlackRock’s iShares Bitcoin Trust ETF (IBIT), bounced back to a cumulative profit of $3.2 billion on Wednesday, according to blockchain data platform Arkham. “BlackRock IBIT and ETHA holders went from being up almost a combined $40 billion at their PnL peak on 7th October, down…

Grayscale files for Zcash ETF to broaden crypto access

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Key Takeaways Grayscale Investments has filed an S-3 form with the SEC to convert its Zcash Trust into a Zcash ETF. The ETF would provide broader, regulated investor access to Zcash, a privacy-focused cryptocurrency. Share this article Grayscale Investments, a digital asset management firm, has filed an S-3 form with the SEC for a Zcash ETF, advancing the conversion of its existing Zcash Trust into a publicly traded exchange-traded fund. The filing aims to provide broader investor access to Zcash, a privacy-oriented crypto asset designed for secure and selective transaction…

Grayscale DOGE ETF Debut Volume Comes in Below Expectations

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Debut trading volume for Grayscale’s spot Dogecoin exchange-traded fund (ETF) came in lower than expected, despite being the first spot product in the country tracking the cryptocurrency. Bloomberg ETF analyst Eric Balchunas said on Tuesday that the Grayscale Dogecoin Trust ETF’s (GDOG) debut on Monday took in $1.4 million in volume, below his expectation of $12 million, while still being “solid for an [average] launch but low for a ‘first-ever spot’ product.” Grayscale’s ETF is set to be joined by a spot Dogecoin (DOGE) ETF from Bitwise, after New York…

VanEck’s BNB ETF Scraps Staking as Regulatory Risks Loom

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Asset manager VanEck backed away from its earlier plans to stake assets in its proposed spot BNB exchange-traded fund, despite offering staking in its recently launched Solana product. In its updated S-1 filing to the US Securities and Exchange Commission (SEC) on Friday, VanEck said “the Trust will not employ its BNB in Staking Activities and accordingly will not earn any form of staking rewards or income of any kind from Staking Activities” at the time of listing. The filing further warns that “there can be no assurance that the…