Ripple CEO: The emergence of multiple ETFs around different tokens is inevitable
Ripple CEO Brad Garlinghouse stated that the company would "welcome" exchange-traded funds (ETFs) based on the XRP token. It is inevitable that there will be various ETFs based on different tokens. In addition, Garlinghouse predicted that there will be basket ETFs in this field, which he believes will "diversify risk" for investors. When asked if Ripple is currently in talks with ETF issuers, the CEO declined to comment. However, Garlinghouse reiterated the company's position: "We believe this is meaningful for the overall XRP community."
Finance Bridge: ETF Milestones, Stablecoin Surge, and Volatility Trends
February's Finance Bridge examines the impact of Bitcoin ETF approvals, a surge in stablecoin supply, and emerging volatility trends. Essential insights for directional and momentum traders.
Bitcoin ETF net inflows on February 16 were US$331.7 million
According to BitMEX Research data, on February 16th, the net inflow of Bitcoin ETF was 331.7 million US dollars. The net inflow this week was 2.2734 billion US dollars, and the total net inflow since January 11th is 4.9269 billion US dollars.
Crypto Biz: Franklin Templeton doubles down on crypto, Bakkt seeks capital, and more
This week’s headlines include Franklin Templeton’s entry into the Ether ETF race, Ripple’s new custody deal, Bakkt’s sale of securities and CoinShares’ Q4 earnings.
VanEck and ARK/21Shares file revised filings for spot Ethereum ETF
Bloomberg analysts Eric Balchunas and James Seyffart stated on social media that VanEck has submitted a revised S-1A filing for its Ethereum spot ETF, while ARK/21Shares has submitted a new 19b-4 filing and a series of new analytical explanations for its Ethereum spot ETF.
Syncracy Capital: Bitcoin spot ETF has seen net inflows of over US$2 billion in the past 4 days
Ryan Watkins, co-founder of Syncracy Capital and former analyst at Messari, stated in a post on X platform that the net inflow of Bitcoin spot ETFs has begun to show a parabolic trend. Since February 8th, the average daily inflow of (Bitcoin spot) ETFs has exceeded $500 million, with an increase of more than $2 billion in the past four days.
BitMEX Research: Bitcoin spot ETF saw a net inflow of $631 million on February 13
According to BitMEX Research data, the net inflow of Bitcoin spot ETF on February 13 was 631 million US dollars. Among them, the net inflow of Belaid's IBIT was 493.1 million US dollars, and the net outflow of Grayscale GBTC was 72.8 million US dollars.
Analyst: Bitcoin ETF 'FOMO rally' could push prices to all-time highs
According to a report sent to clients by analysts Gautam Chhugani and Mahika Sapra, Bitcoin's best days are yet to come, and the ETF-led Bitcoin market will see the expected FOMO rebound. AllianceBernstein analysts said the market quickly priced in the new ETF, but has not yet considered the level of ETF inflows or the supply tightening that will come with the upcoming Bitcoin halving. With increasing demand and expected supply reduction, investors may soon seek to cash in on Bitcoin, fearing the potential for lucrative returns from FOMO. Analysts point out that most of the funds flowing into the new ETF come from retail investors, especially Bitcoin "believers," who have found ways to deposit Bitcoin into their brokerage accounts. They note that retail interest in this category is still well below the rebound of 2017 and 2021, but they say more funds may still flow into this category.
Bitcoin spot ETF saw a net inflow of approximately US$79 million on its 16th trading day
According to Farside Investors, the net capital inflow of the 16th trading day of the US Bitcoin spot ETF was about $79 million. Among them, Grayscale GBTC had a capital outflow of $145 million, BlackRock IBIT had a capital inflow of $106 million, Fidelity FBTC had a net capital inflow of $79 million, Bitwise's BITB had a net capital inflow of $11 million, Ark21 Shares' ARKB had a net capital inflow of $23 million, Franklin's EZBC had a net capital inflow of $2 million, VanEck's HODL had a net capital inflow of $2 million, and WisdomTree's BTCW had a net capital inflow of $1 million.
ETFStore President: Three of the world’s five largest ETF issuers are still not involved in Bitcoin, and State Street has made a “major strategic misjudgment”
Nate Geraci, the President of ETFStore, posted on social media that three of the world's top five ETF issuers have yet to involve themselves in physically-backed Bitcoin ETFs. These three issuers are Vanguard, State Street, and Schwab. Vanguard may not be interested in Bitcoin as the company has not even launched a physically-backed gold ETF. Schwab plans to launch a Bitcoin ETF at a suitable time in the future, while State Street has made a "huge tactical error."
