VanEck’s proposed spot Ethereum ETF, with the ticker $ETHV, has been listed on the Depository Trust and Clearing Corporation’s (DTCC) new securities list, following the release of amended 19b-4 forms by Cboe. Despite this important milestone, approval from the US Securities and Exchange Commission (SEC) is still pending and not guaranteed. VanEck’s application for a … Read more
The cryptocurrency industry is eagerly awaiting May 23, when the US Securities and Exchange Commission (SEC) is scheduled to announce its decision on VanEck’s spot ETH exchange-traded fund (ETF) application, followed by ARK 21Shares’ decision on May 24. Apart from VanEck, six other companies, including Ark Investment, Grayscale, Franklin Templeton, Invesco Galaxy, and BlackRock, have … Read more
Fidelity has updated its S-1 application with the SEC for its Ether exchange-traded fund (ETF), indicating that the underlying Ether tokens will not be staked. This amendment comes amid speculation about the SEC’s stance on spot Ether ETFs, with reports suggesting a shift possibly due to external pressures. The upcoming deadline for VanEck’s Ether ETF … Read more
Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States. Data indicates that these deep-pocketed investors have shown increased interest in the space, resulting in whales accumulating over $16 billion worth of BTC since the ETFs’ launch. According to insights … Read more
The price of Ethereum surged by more than 20%, driven by growing optimism surrounding the possibility of an Ethereum Exchange-Traded Fund (ETF). ETH managed to overcome several obstacles and even surpassed the $3,500 resistance level. Ethereum Price Initiates New Bull Run The price of Ethereum established a base and increased above the $3,200 resistance level. … Read more
The U.S. Securities and Exchange Commission (SEC) is facing a critical juncture this week as it deliberates on approving or denying spot Ethereum exchange-traded funds (ETFs), a decision that has attracted considerable attention from major investment firms. VanEck’s application deadline for SEC approval is set for May 23, with proposals from Cathie Wood’s ARK Invest … Read more
Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels. Typically, traders tend to buy near support levels and sell near resistance levels when the price is within a range. This behavior suggests that BTC might test the upper range around $73,777, although breaking … Read more
Hong Kong’s cryptocurrency ETFs are facing challenges and struggling to replicate the success seen by their US counterparts, which currently hold $55 billion in assets. Despite initial enthusiasm, the debut of crypto ETFs in Hong Kong has been disappointing. Six Bitcoin and Ether ETFs in the region experienced a $25 million decrease in inflows, dropping … Read more
The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC). CoinShares data reveals that there are presently over 1,900 holders of US Exchange-Traded Funds (ETFs), with the average Bitcoin allocation in portfolios standing at … Read more
Following the recent introduction of a spot Ethereum ETF in Hong Kong, OkLink, a prominent provider of blockchain data services, has expressed optimism regarding the potential approval of similar products for other leading blockchain protocols in the future. The firm believes that such developments could bolster Hong Kong’s appeal as a hub for crypto innovation … Read more