Chainlink Co-Creation: More cryptocurrency ETFs will be launched one after another
According to Bitcoinist, Chainlink co-founder Sergey Nazarov said in an interview with Cointelegraph at the Token2049 event in Dubai that more ETFs related to other cryptocurrencies will be launched soon, in addition to Bitcoin and Ethereum. This could happen as early as this year, and these ETFs may continue to grow in the future.Ripple CEO Brad Garlinghouse expressed a similar view, stating that he "thinks there will be other ETFs." However, unlike Nazarov, he is not optimistic about this happening this year. Garlinghouse added that launching other cryptocurrency ETFs may require "a little time" because the US SEC is reserved about holding crypto assets.
Hong Kong Stock Exchange Spokesperson: Bitcoin and Ethereum ETFs will promptly inform the market of any new progress
The South China Morning Post reported that sources said the Hong Kong Securities and Futures Commission may approve Bitcoin and Ether spot trading exchange-traded funds (ETFs) as early as next Monday, although the specific time has not yet been determined and may still change at the last minute. Once approved by the Hong Kong Securities and Futures Commission and the Hong Kong Exchanges and Clearing Limited, the two companies plan to launch the above-mentioned funds at the end of this month. A spokesperson for the Hong Kong Exchanges and Clearing Limited responded when asked: "The Hong Kong Exchanges and Clearing Limited is committed to supporting the continued growth and development of its active ETF ecosystem. If there are any new developments, we will promptly inform the market." Spokespersons for the Hong Kong Securities and Futures Commission and CSOP Asset Management declined to comment, while HashKey and Bosera Funds did not immediately respond to requests for comment.
After the US stock market opens tonight, the ETF custody address will have a net outflow of about 824 BTC
According to Yu Jin monitoring, on April 12, eleven BTC spot ETFs had a net outflow of $55.06 million, corresponding to a net outflow of about 824 BTC from ETF custody addresses after the US market opens on Monday (4/15): Outflow: Grayscale (GBTC) outflow of about 2,486 BTC (corresponding to a fund outflow of $166.21 million on 4/12); Inflow: BlackRock (IBIT) inflow of about 1,662 BTC (corresponding to a fund inflow of $111.15 million on 4/12). Currently, the eleven BTC spot ETFs hold a total of 841,806 BTC ($56.29 billion).
Australian asset management company Monochrome applies to Cboe Australia for spot Bitcoin ETF
Australian asset management company Monochrome has announced that it has applied to global listed trading platform Cboe Australia for a spot Bitcoin ETF. If approved, Monochrome's Bitcoin ETF could become Australia's first spot Bitcoin ETF that allows direct holding of Bitcoin. The CEO of Monochrome Asset Management Company stated that a response to this application is expected from Cboe Australia by mid-year.
Bitcoin ETF total market value exceeds $62 billion
The total market value of Bitcoin ETFs (including spot and futures ETFs) is $62.092 billion, with a total assets under management (AUM) of $58.341 billion. Among them, the top three Bitcoin ETFs in terms of assets under management are: GBTC with assets under management of $23.748 billion; IBIT with assets under management of $17.243 billion; and FBTC with assets under management of $9.9 billion.
Coinbase Research: Bitcoin is expected to rise in Q2
Coinbase Research Chief Analyst David Duong stated that after April 10th, the key 90-day review period for securities firms to conduct due diligence on new financial products will release a new wave of demand for spot ETF risk exposure. It is expected that Bitcoin will see an increase in the second quarter.
SEC pushes back decision on Grayscale Ether futures ETF
The United States securities regulator has postponed its decision on whether to approve Grayscale’s Ethereum Futures Trust ETF product until the end of May.
BTC spot ETF has a total outflow of US$887.75 million in the 5 trading days this week
Blockchain analyst Yu Jin stated that BTC spot ETF had a net outflow of funds for all five trading days this week, with a total outflow of $887.75 million, corresponding to a decrease in BTC holdings of 13,596 coins. On March 22, ten BTC spot ETFs had a net outflow of $51.6 million, corresponding to a net outflow of about 807 BTC from the ETF custody address after the opening of the US stock market on Monday (March 25):
U.S. spot Bitcoin ETF sees first full week of net outflows
According to Spot On Chain monitoring, on March 22, 2024, the net outflow of the US spot Bitcoin ETF was $52 million.
EZBC saw net inflows of $29.6 million, the largest inflow since the ETF was launched
According to HODL15Capital data, on March 22, the trading volumes of spot Bitcoin ETFs were: IBIT trading volume of $1.44 billion, GBTC trading volume of $660 million, FBTC trading volume of $515 million, ARKB trading volume of $187 million and BITB trading volume of $97 million.
