The significant daily inflow into BlackRock’s spot Ether ETF comes as Ether’s price has seen its biggest weekly gains since May 2024. BlackRock, the world’s largest asset manager, has seen the highest daily inflows into its spot Ether exchange-traded fund (ETF) in 94 days. BlackRock’s iShares Ethereum Trust ETF (ETHA) clocked $60.3 million in inflows…
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ETF analyst Eric Balchunas said the outsized trading volume across BlackRock’s spot Bitcoin ETF is proof that investors are panic-buying Bitcoin as the asset nears an all-time high. Daily trading volume for BlackRock’s Bitcoin exchange-traded fund (IBIT), surged to $3.35 billion during the trading day of Oct. 29, its highest level in over six months.…
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Out of 5,535 “newborn” ETFs that launched in the United States over the last 30 years, only two have acquired over $3 billion in assets in the first month. BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have tallied more assets in their first month of trading than any ETF launched in the United States over…
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Central issues: BlackRock had its third gathering with the SEC to examine the potential for a Bitcoin spot ETF. The Division of Exchanging and Markets and the Division of Corporate Money were associated with these gatherings. Different organizations, including Grayscale, Franklin, and Devotion, additionally met with the SEC to examine Bitcoin ETFs. BlackRock’s third gathering…
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Exchange-traded fund analyst Eric Balchunas said the addition was “all part of the process” of a crypto ETF being listed and traded and a positive sign for SEC approval. The iShares spot Bitcoin trade exchanged reserve (ETF) proposed by venture company BlackRock has been recorded on the Storehouse Trust and Clearing Enterprise (DTCC), recommending expected…
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Central issues: Google and BlackRock thought about putting resources into FTX during a monetary emergency. A bookkeeping sheet showed their advantage and an expected level of investment endeavors before FTX’s breakdown. This highlights large companies’ developing interest in the digital currency industry. According to Decrypt, it has come to light that Google and BlackRock were on…
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Key Points: Fidelity may be contemplating a Bitcoin spot ETF filing or the acquisition of Grayscale. Grayscale has been attempting to convert the GBTC into a spot Bitcoin ETF for some time. Bitcoin could benefit greatly from this event. According to Andrew Parish, co-founder of Arch Public, Fidelity is considering a seismic move in the…
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Key Points: After BlackRock submitted an application for a Bitcoin ETF to the SEC, the price of Bitcoin (BTC) climbed slightly to $25,500. There is still uncertainty in the market. Concerns about the US economy and monetary policy persist among investors. It is claimed that BlackRock meticulously prepared for the SEC’s severe legal actions against…
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