A new analysis claims that 75% of investors who bought IBIT, BlackRock’s Bitcoin ETF, had never purchased any of the company’s products beforehand. Additionally, more than one-quarter of these buyers then bought another BlackRock ETF. These trends highlight IBIT’s ongoing relevance, even as the ETF market trended more towards Ethereum and increased interest in altcoins….
In a massive new update, the SEC approved in-kind ETFs for Bitcoin and Ethereum, as well as an expedited approval process for future altcoin products. This represents a significant breakthrough for the market sector. Additionally, the Commission raised the position limit on IBIT options trading tenfold, potentially enabling “an explosion of option-based Bitcoin ETFs.” In-Kind…
The SEC is delaying several ETF applications today, including Truth Social’s Bitcoin ETF. Other products in the queue include Grayscale’s Solana ETF and Canary Capital’s Litecoin fund. Additionally, VanEck’s AVAX ETF faces another deadline, but further setbacks seem likely. The Commission appears sympathetic to creating these new products, but is trying to buy as much…
Recent developments suggest positive developments toward in-kind creations for crypto ETFs (exchange-traded funds) after major providers filed amendments. The US SEC (Securities and Exchange Commission) initially approved cash redemptions for Bitcoin and the Ethereum ETFs. Wall Street Set to Benefit as SEC Inches Closer to In-Kind Crypto ETF Approval Major providers filed amendments for in-kind…
Ethereum (ETH) has experienced unprecedented demand over the last several weeks, amidst a surge in institutional interest. Based on this, Bitwise CIO Matt Hougan warns of a looming historic price shock. Meanwhile, the Ethereum price remains shy of the $4,000 psychological level, a threshold last tested in mid-December 2024. Ethereum Faces Historic Demand Shock as…