The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months’ worth of the cryptocurrency’s mined supply. This substantial buying spree, valued at approximately $1.83 billion, far … Read more
Keith Gill, also known as “Roaring Kitty,” has re-emerged in the spotlight, and experts speculate that his impact could stretch beyond the realm of meme stocks to the Exchange-Traded Fund (ETF) market. Gill gained fame in 2021 for his vocal support of GameStop stock, particularly on Reddit’s r/WallStreetBets forum, which fueled a dramatic increase in … Read more
In a recent Kitco News interview, James Seyffart, a Bloomberg Intelligence ETF Research Analyst, discussed the prospects of a Solana spot ETF in light of the recent approvals for Bitcoin and Ethereum spot ETFs. Seyffart expressed doubts about the likelihood of Solana receiving similar approval soon. He pointed to ongoing legal actions involving Kraken and … Read more
Dogecoin (DOGE), the meme-inspired cryptocurrency, has experienced a notable increase in whale activity recently, leading to a significant uptick in trading volume. This surge in large holders’ involvement, commonly referred to as whales, has drawn attention within the crypto community and prompted speculation regarding DOGE’s future price movement. Over the past 24 hours, there has … Read more
Industry experts anticipate notable progress in the cryptocurrency sector in Hong Kong, suggesting the potential introduction of staking features for spot Ethereum exchange-traded funds (ETFs) within the coming year. Hong Kong’s Ethereum Staking Innovations: A New Chapter for Crypto ETFs? Yat Siu, the chairman of Animoca Brands, recently made a suggestion that Hong Kong would … Read more
Bitcoin exchange-traded funds (ETFs) have attracted $488 million in net inflows, pushing the price of BTC to $71,767, nearing its peak value and indicating renewed investor confidence. US-based spot Bitcoin ETFs are experiencing a surge in investor trust, deviating from recent trends. On June 5, 2024, these ETFs witnessed a net inflow of $488.24 million, … Read more
ProShares, a prominent issuer of exchange-traded funds (ETFs), has submitted a proposal to the New York Stock Exchange (NYSE) to list and trade spot Ethereum (ETH) ETF shares. This initiative underscores ProShares’ dedication to broadening its range of digital asset products, offering investors a regulated and secure avenue to access Ethereum exposure. Staking Guidelines for … Read more
Franklin Templeton, a leading asset manager, is reportedly exploring the launch of a new private fund catering to institutional investors, offering exposure to alternative cryptocurrencies (altcoins) and staking rewards. This potential move would extend the company’s investment offerings beyond its existing Bitcoin (BTC) and Ether (ETH) funds. With assets under management totaling around $1.64 trillion … Read more
Over the last month, Ethereum has seen a robust 20% increase, largely attributed to the approval of eight spot-based ETF applications, a significant driving force behind this surge. On May 23, the SEC’s unexpected approval of these applications sparked a surge in Ethereum’s price to a two-month high of nearly $4,000, leading to a flurry … Read more
Upbit, the largest cryptocurrency exchange in South Korea, has declared its endorsement of additional trading pairs for Taiko (TAIKO). This move aims to enhance the accessibility of the budding cryptocurrency by introducing TAIKO trading on the KRW, BTC, and USDT markets. Upbit to Support Taiko (TAIKO) New Trading Pairs, Including USDT, BTC, and KRW Markets … Read more