The newly launched spot Ether ETFs posted positive net inflows despite being weighed down by $485 million bleeding from Grayscale’s Ethereum Trust, reports Cointelegraph. United States Ether exchange-traded funds (ETFs) posted net inflows of $106.6 million on their first day of trading despite massive outflows from Grayscale’s freshly-converted Ethereum Trust. BlackRock’s iShares Ethereum Trust ETF […]
Bitcoin ETFs win SEC approval
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US regulators have approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency, reports CoinDesk. The Securities and Exchange Commission on Wednesday declared effective key filings from the markets seeking to list the groundbreaking products. They will begin trading on Thursday (11/01/2024). About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin […]
BlackRock, the world’s biggest asset manager, has filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny, reports Reuters. BlackRock’s iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the US Securities and […]