Features Crypto News by Thebittimes.Com

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products. That brought an end to their 8-day streak of inflows, according to data from SoSoValue . This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the Middle East after Iran fired ballistic missiles at Israel. BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session. Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves. The funds belonging to...

The SEC has officially approved the trading of Spot Ethereum ETFs for tomorrow, July 23. U.S. regulators have given final approval for the S1 forms for ETFs that hold Ethereum’s ether. The Ether ETFs will be available for trade upon the opening bell. BREAKING: SEC officially approves spot Ethereum ETF trading for tomorrow. — Watcher.Guru (@WatcherGuru) July 22, 2024 The asset is set to be only the sec ond crypto-based ETF in the United States. Moreover, the market is hopeful it can mirror Bitcoin’s success. The leading cryptocurrency debuted its ETF in January. Just three months later, the BTC reached an all-time high price of $73,000. The decision caps a years-long process to get ether ETFs approved by the SEC, giving investors a new crypto asset to invest in. Ether ETF applicants first received 19b-4 form approvals back in May. However, many delays on the SEC’s end in looking over the final documents occurred. Now, we are less than 24 hours away from the first trade...

The US Securities and Exchange Commission (SEC) has reportedly requested that both Nasdaq and the Chicago Board Options Exchange (Cboe) make appropriate updates to their applications to list Spot Ethereum ETFs, according to a Reuters report. Indeed, the request arrives amid a surge in expectations regarding the potential approval of the Ether-based investment product. Earlier this week, Bloomberg increased the odds of Ethereum ETF approval from its previous 25% to a remarkable 75% chance. JUST IN: SEC asks Nasdaq , and Cboe to update spot #Ethereum ETFs filings, Reuters reports. — Watcher.Guru (@WatcherGuru) May 21, 2024 Also Read: Fidelity Amends Ethereum ETF, Eliminates ETH Staking SEC Request ETH ETF Filing Update From Nasdaq, Cboe The start of 2024 saw the SEC issue landmark approval for the inaugural Spot Bitcoin ETFs in the United States. That development led to immense success for the leading crypto, with BTC ascending to an all-time high of $73,000 ...

Valkyrie Launches BTC and ETH ETF Two Weeks Ahead Of Rivals Valkyrie’s calculated gamble appears to hinge on redefining its current fund’s trajectory rather than launching an entirely new entity. While the tactic raises eyebrows, market experts speculate that adherence to the designated timeline may still be unavoidable. Drawing parallels with historical maneuvers, this maneuver conjures memories of the first pot ETF, $MJ, which employed a similar strategy to take the lead, Balchunas commented.  advertisement The intriguing development unfolds shortly after the Securities and Exchange Commission (SEC) greenlit the assessment of Valkyrie’s second-spot Bitcoin ETF submission. This milestone event closely follows the SEC’s approval of BlackRock’s Bitcoin ETF application on July 13th, effectively underlining the regulatory body’s heightened interest in ETF proposals. Athanasios Psarofagis, a notable figure in the financial rea...