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The SEC is delaying final decisions on CoinShares’ proposed XRP and Litecoin ETFs, pushing reviews ahead of the May 26 deadline. The delay has caused crypto ETF experts and analysts to push back their expected approval dates for both products to Q4 2025. Initially, many were hopeful that the first XRP and LTC ETFs would come in June. Despite the delay, the SEC has officially acknowledged a new TRX staking ETF, keeping crypto fans happy who are hoping for a new ETF to arrive this year. Canary Capital’s ETF would be the first exchange-traded fund offering exposure to TRX with staking Features . While it is not immediate approval, it is significant because it signals the SEC is willing to assess new types of digital asset ETFs, including those that incorporate staking for yield. “As expected, more delays on crypto ETFs dropped today,” Bloomberg ETF analyst James Seyffart posted on X. “Delays include BitwiseInvest & CoinSharesCo XRP ETFs. Delay on Litecoin ETF ...

BlackRock’s leading Spot Bitcoin ETF has seen its largest inflow in a month amid BTCs recent slip. Indeed, the $10 trillion asset manager iShares Bitcoin Trust (IBIT) has observed its largest inflow since July 22. Moreover, it took place as the leading crypto fell below the $64,000 level. It has been a volatile few months for Bitcoin and for its various ETF offerings. Yet, BlackRock has remained in the driver’s seat, with its recent performance looking like a return to form the investment offering. This could especially be true as investors are looking to take advantage of BTC’s underwhelming position. Source: Financial News London Also Read: BlackRock to Launch L2 Network Compatible With Ethereum? BlackRock Bitcoin ETF has Largest Inflow Since July 2024 has been quite the year for Bitcoin. Although it had reached an all-time high of $73,000 in March, it hasn’t enjoyed that level of success since. In the last 30 days, the token has fallen more than 9% according t...

Global investment management firm Millennium Management has disclosed buying spot Bitcoin ETF s, according to an SEC filing. Millennium Management disclosed its Bitcoin ETF holdings on Wednesday, and they constitute 3% of its $64 billion fund as of the first quarter. JUST IN: Millennium Management discloses $2 billion spot # Bitcoin ETF portfolio. — Watcher.Guru (@WatcherGuru) May 15, 2024 The latest SEC filing reveals that Millenium has Bitcoin ETF holdings with BlackRock, ARK21, Bitwise, Fidelity, and Grayscale. Millenium Management holds over $844M in ETF shares under BlackRock, the far-and-away leader. The total Fidelity Bitcoin ETF isn’t far behind, with Millenium investing north of $800M in the asset as well. Several more companies and banks have announced investments in spot Bitcoin ETF s in recent weeks and months. These include institutions like Hightower and JPMorgan Chase. Throughout 2024, Spot Bitcoin ETF s have become a massive part of the...

BlackRock CEO Larry Fink is very bullish on Bitcoin, as the firm’s Spot Bitcoin ETF has become the fastest-growing ETF in history. Speaking to Fox Business, the BlackRock CEO states that he is “very bullish on the long-term viability” of the leading cryptocurrency asset. JUST IN: BlackRock CEO Larry Fink says its Spot # Bitcoin ETF is the fastest growing ETF in history and he's very bullish on $BTC long term. pic.twitter.com/O3gIVir6FT — Watcher.Guru (@WatcherGuru) March 27, 2024 Furthermore, Fink states that the iShares ETF has far outperformed expectations, seeing incredible inflow since its debut on January 11. The ETF is looking to overtake Grayscale’s ETF, as it has outperformed the Grayscale Bitcoin trust over the past two months. With its performance of late, BlackRock’s Bitcoin ETF is climbing the stock charts, and Fink believes that despite outperforming expectations, the ETF has room to grow even more. “We’re ...

Key takeaways BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day. BTC touched $57k as Bitbot’s presale approaches $750k BlackRock’s IBIT trading volume soars higher Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs.  BlackRock’s IBIT record ed a trading volume of $1.3 billion for the second consecutive day. The ETF record ed a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday.  The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETF s continue to show an increasing appetite for Bitcoin by institutional investors. The rising trading volume could also spill into the crypto market and this is where projects like Bitbot co...

In what is a clear sign of the massive success that the investment products have had, Spot Bitcoin ETF s have seen their trading volume collectively surpass $50 billion. Additionally, the 11 approved ETFs also saw their net inflows return Thursday, accumulating $251.4 million. The massive heights were reached just six weeks after the products were approved by the US Securities and Exchange Commission (SEC). Indeed, BlackRock, Fidelity, Bitwise, Grayscale, and others have played a crucial role in their success over the last month. Moreover, that is expected to continue for the offerings. Also Read: Interest in Altcoin ETFs intensifies following the success of Bitcoin Spot ETFs Spot Bitcoin ETFs Pass $50 Billion in Trading Volume Since the start of 2024, all eyes have been on the growing interest in Spot Bitcoin ETFs. Indeed, the market ended last year with the approval expected, but some hesitance remains. Amid the SEC’s consistent anti-crypto approach, many were worrie...

Analysts anticipate a major Bitcoin supply shock heading into April’s halving as BTC is down by nearly 10% since ETF approval.  Bitcoin’s supply dynamics have significantly changed since the SEC approved spot Bitcoin ETFs earlier this month. The leading token has been largely volatile in the past few weeks, but this volatility has remained within a very narrow price range. BTC’s price has fluctuated between $41,000 and $44,000, dropping below $41,500 today, the lowest price in 30 days.  Analysts attribute these short price movements to supply dynamics driven by the ETF market. Since yesterday, according to data from Arkham Intelligence, Grayscale has transferred over $1 billion worth of BTC to Coinbase from its ETF fund. With other major funds contributing to this massive inflow of around 5,000 to 7,000 BTC daily to their custodian exchanges, only 900 BTC is being mined daily.  INSANE #Bitcoin supply shock incoming. If we keep up massive BTC ETF inflows we’ll have thousands (5...

Leading global bank JPMorgan expected the Spot Bitcoin ETF to receive another round of inflows worth $36 billion. The newly approved Bitcoin ETF is attracting heavy bullish sentiments as asset managers worth trillions of dollars in investments are taking an entry position. However, JP Morgan expects the $36 billion inflows into Bitcoin ETF not from financial institutions but from existing cryptocurrency funds and investors. Also Read: BRICS: Investors Bet Indian Rupee Will Rise, US Dollar To Decline JPMorgan: $36 Billion Into Bitcoin ETF Could Come From Cryptocurrency Funds & Investors Source: coinpedia.org The world’s leading bank JP Morgan expects a large inflow of funds into BTC ETF from the existing cryptocurrency funds and investors. JP Morgan ’s analyst rubbished the notion that only financial institutions are ready to pump large sums of money into BTC ETF . They projected that the large sums into BTC ETF could come from funds such as Grayscale’s popula...

Samer Hasn, market analyst at asset broker XS Group, expects greater regulatory oversight in 2024. And that’s a good thing for investors, he tells crypto.news. “What we witnessed with Changpeng Zhao being convicted and stepping down from Binance management will not just stop [there],” he says. “Rather, it may make the market more compliant and transparent, which may contribute to paving the way for more confidence among lawmakers and law enforcement authorities in the U.S.” Bitcoin (BTC), as the largest crypto entity in the world, will likely be subject to dual oversight for years by the U.S. Department of Justice and the Department of the Treasury, Hasn adds. That, in turn, will “allay fears of market manipulation.” You might also like: Changpeng Zhao resigns as chair of Binance.US Crypto concerns One issue that has plagued the crypto sector is the fact that digital assets are a currency of choice for illicit activity such as m...

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Hashdex’s application to launch a spot Bitcoin ETF in the U.S. The regulator’s website says that the SEC also postponed its decision on Grayscale’s application to launch a futures ETF on Ethereum (ETH). Through the application , Hashdex wants to transform its futures exchange-traded fund into a spot Bitcoin ETF. There is still no such tool in the US. Investors believe that its launch will attract institutional investors to the market. Therefore, application s for the tool have attracted the attention of the crypto community. Next up is Franklin Templeton’s application to launch a spot Bitcoin ETF. The deadline for making a decision on it expires on Nov. 17. Okay, we're nearing in on deadline dates for 3 spot #Bitcoin ETF application s. I want to get ahead of it because there's a pretty good chance we'll see delay orders from the SEC. Delays WOULD NOT change anything about ou...

In an Oct. 24 announcement, Grayscale shared news of a new FTSE Grayscale Crypto Sector Index Series, comprising five rules-based indices. The decision was made as a way to provide a comprehensive representation of Grayscale’s Crypto Sectors in the investable crypto market.  Monitoring performance in five categories The newly introduced FTSE-Grayscale indices are designed to monitor the performance of crypto currency assets across five distinct categories, which include currencies, smart contract platforms, financials, consumer and culture and utilities and services. In conjunction, we are introducing a new partnership with @FTSERussell and debuting the FTSE Grayscale Crypto Sector Index Series (“Crypto Sector Indices”), a set of 5 distinct, rules-based indices capturing the investable crypto market of Grayscale Crypto Sectors. (3/11) pic.twitter.com/SyH1zFU70h — Grayscale (@Grayscale) October 24, 2023 A follow-up post states that it will encompass over 150 pro...

Grayscale is calling on the US SEC to approve its spot Bitcoin exchange-traded fund (ETF) application, arguing that further delay would cause harm to investors.  Grayscale’s lawyers on Sept. 5 wrote a letter to the SEC seeking a meeting with the securities regulator on the way forward for a spot Bitcoin ETF approval. In the letter, the lawyers stated that the SEC’s review of Grayscale’s application has taken nearly three times longer than what is permitted by securities law. According to the lawyers, the сommission has no grounds to treat spot Bitcoin ETFs differently from futures-based Bitcoin ETFs. Grayscale urged the regulator to “move expeditiously” to green light its application, as Grayscale is ready to launch its product. “But now that the Court of Appeals has spoken, there is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP under the legal Analysis previously adopted by the Commission in reject...

Bitcoin ETF: the Grayscale vs SEC Factor Novogratz made this statement after Bloomberg Intelligence ETF Analyst James Seyffart talked about the outcome of the lawsuit between Grayscale and the United States Securities and Exchange Commission (SEC) and what it means for the prospects of a spot Bitcoin ETF . advertisement After receiving a rejection from the SEC for its request to convert its Grayscale Bitcoin Trust (GBTC) to a physically backed ETF, Grayscale challenged the U.S regulator to a legal battle. In one of its hearings, the investment asset management firm argued that the decision made by the SEC was not in alignment with the previous orders regarding approving the GBTC spot Bitcoin ETF .  Also, the asset manager claimed that the SEC lacks sufficient reasons to reject its spot BTC ETF application, especially after Bitcoin Futures ETF had been approved. Many analysts and financial experts agreed that Grayscale has a very strong argument.  They w...

BlackRock Filing May Benefit Grayscale Amid the broad based regulatory uncertainty in the digital currency ecosystem in the United States, many are projecting that the BlackRock Bitcoin ETF product, if approved, will set a major precedent for the industry, a record that top market analyst Adam Cochran believes will be more beneficial to the Grayscale Bitcoin Trust (GBTC). advertisement If the Blackrock ETF does get approved, the real winner here is going to be $GBTC Because Blackrock will show the path to conversion, and GBTC's 40%+ discount will resolve on top of industry growth. Imagine Barry is praying to every deity in every religion right now. pic.twitter.com/IHfjiFbOuv Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto ...