Tag: ETF
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Volatility Shares Files for Solana Futures ETFs
Asset manager Volatility Shares has filed for three new ETFs that aim to gain exposure to Solana (SOL) futures contracts. These contracts would be traded on Commodity Futures Trading Commission (CFTC)-regulated exchanges. However, no such futures products currently exist in the market. The fund’s prospectus states it will invest in contracts “that trade only on…
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GraniteShares Files for Leveraged Crypto-Related ETFs
GraniteShares has filed for new leveraged ETFs aimed at tracking companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. The filing was submitted on December 20, signaling the growing popularity of crypto-related ETFs in a bullish market. The ETFs will include both 2x long and 2x short funds. For instance, the GraniteShares 2x Long…
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SEC Rejects Spot Solana ETF Applications
The U.S. Securities and Exchange Commission (SEC) has reportedly rejected applications for spot Solana exchange-traded funds (ETFs). According to sources, at least two out of five prospective issuers have been notified of the decision, aligning with the SEC’s cautious stance on cryptocurrency-related investment products. SEC’s Regulatory Position on Solana ETFs The SEC has consistently maintained…
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Bitwise Proposes Bitcoin-Ethereum Spot ETF to SEC
Bitwise Asset Management has submitted a proposal for a Bitcoin-Ethereum combined spot ETF to the SEC. This move follows Bitwise’s success with its Bitcoin spot ETF earlier this year and its recent launch of Bitcoin ETF options. The new proposal aims to balance exposure between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.…
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BlackRock Secures Commercial License in Abu Dhabi
BlackRock, the global investment giant and issuer of the iShares Bitcoin Trust ETF, has obtained a commercial license to operate in Abu Dhabi. The move signals the company’s growing interest in the Middle East, a region known for its crypto-friendly policies and rapid technological advancements. Charles Hatami, BlackRock’s Middle East head, emphasized the advantages of…
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Bitcoin ETFs Record Historic Inflows as Bitcoin Hits New All-Time High
Spot Bitcoin ETFs in the United States maintained their positive inflow momentum for a sixth straight day, recording net inflows of $510.11 million on Nov. 13. This milestone coincided with Bitcoin’s surge past $93,000 for the first time, sparking increased interest in these funds. Key Points: BlackRock’s IBIT has consistently led inflows, logging $29.15 billion…
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Australia’s first Ethereum ETF to launch on 15th Oct 2024
Australia is set to launch its first spot Ethereum exchange-traded fund (ETF) through Monochrome Asset Management, following the successful debut of the country’s spot Bitcoin ETF in August. The Monochrome Ethereum ETF (IETH) will start trading at 10:00 AM AEDT on Tuesday, with the goal of capitalizing on growing interest in crypto ETFs worldwide. Although…
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Bitwise applies for XRP ETF in Delaware
Bitwise has filed an application in Delaware for a potential XRP exchange-traded fund (ETF). This move could signal the arrival of another major cryptocurrency ETF, although a formal registration with the U.S. Securities and Exchange Commission (SEC) has not yet been made. Bitwise confirmed the filing but declined to comment further on the fund while…
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VanEck shutting down ETH futures ETF
VanEck has announced it will close and liquidate its Ethereum Strategy ETF, listed on the CBOE. The ETF (ticker symbol ‘EFUT’) will stop trading on Sept. 16, with liquidation expected by Sept. 23. Shareholders still holding EFUT shares at the time of liquidation will receive a cash distribution based on the fund’s net asset value.…
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BlackRock Bitcoin ETF sees $13.5M in outflows.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, marking its first major loss in four months. This downturn follows similar outflows in May, where the fund saw losses totaling $36.9 million. The outflows are notable given the ETF’s popularity among retail traders seeking…