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Bitcoin Price News: BTC ETFs Record Massive $870 Million Inflows
BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections. Read more
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S&P 500 Hits Consecutive Highs
The S&P 500 closed at a record high for the second consecutive session, buoyed by investor optimism surrounding the Federal Reserve’s recent interest rate cuts and China’s aggressive economic stimulus measures. According to CNBC, the Dow Jones Industrial Average and Nasdaq Composite also reached new peaks, as market participants anticipate a favorable economic outlook and… Read more
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Spot Ethereum ETF trading volume cools in third day, falls under $900 million
Spot Ethereum ETFs generated strong trading volume on their third day on the market, but demand is cooling off after their hot start. Read more
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There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says
Robert Mitchnick, the head of digital assets at the world’s largest asset manager, BlackRock, said that despite the launch of spot Ethereum ETFs this week, it’s unlikely to open the door to funds that track other crypto assets like Solana’s SOL or Polygon’s MATIC, on the mainstage at the Bitcoin 2024 conference. Read more
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Grayscale Shifts $1 Billion in Ethereum to Coinbase Ahead of US ETF Trading Debut
Crypto asset manager Grayscale has transferred a hefty sum of Ethereum to Coinbase Prime as exchange-traded funds (ETFs) associated with the asset gear up for a trading debut in the U.S. this week. Read more
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Senior ETF Analyst Says Solana ETF is Next
Bloomberg’s senior analyst, Eric Balchunas, predicts a surge in the popularity of crypto exchange-traded funds (ETFs) following the introduction of Ethereum ETFs. Indeed, Balchunas believes a Solana ETF could be the next to hit the crypto market following. Read more
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Ethereum ETF Launch: Can ETH Price Match Bitcoin’s Performance?
As the launch of the spot Ethereum ETFs reaches the finish line, several predictions have emerged. While some have been bearish on ETH’s price, others are betting on a parabolic rally. Read more
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Australia to Get Second Spot Bitcoin ETF on ASX
Perth-based crypto fund manager DigitalX said Monday it has received regulatory approval to begin listing its spot Bitcoin exchange-traded fund on the country’s largest stock exchange as early as this week. Read more
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Bitwise Updates Ethereum ETF Filing as US Listings Near
Asset manager Bitwise submitted an updated registration statement for its proposed spot Ethereum ETF with regulators on Wednesday, disclosing its plans to waive fees. While largely procedural, this latest revision is seen by market observers as a sign that the launch of Ethereum ETFs is imminent. Read more
