Sygnum Bank’s Post

A new report from Bitwise has estimated the size of the #Ethereum ETF market. The report states that Bitwise expects the size of the Ethereum #ETF market to be proportional to the relative market caps of #Bitcoin and Ethereum. The report also notes that it expects the market to reach this size in 18 months. Prospective issuers’ latest S1 filings indicate they expect to be approved for listing in the first week of July. You can read the full story here - https://lnkd.in/em3t32wd

BlackRock's Bitcoin spot ETF starts trading in Brazil.  BlackRock's iShares Bitcoin Trust ETF (IBIT) started trading on the Brazilian stock exchange B3, bringing the US Bitcoin spot ETF product, launched on January 11, 2024, to Brazil, per a CoinDesk report. It will be interesting to see whether this Brazilian Bitcoin spot ETF may bring similar interest from investors in Brazil. Also, may this expansion into Brazil become a starting point that some (if not all) of the current SEC-approved Bitcoin spot ETFs may start being provided to other overseas investors outside US as well?  These ETF products may, presumably, need to go through relevant local regulatory requirements, as needed. It will be interesting to see whether there will be other offerings of any of these ETFs in other countries soon and how much impact such overseas offering may make in the virtual asset markets of the relevant local country as well as in the global level. Read on the report for more details on the overseas expansion of the ETFs into Brazil. #bitcoinetf #bitcoinspotetf #virtualassets #etfs #cryptoregulation #digitalassets #cryptoassets

Grayscale amends Ethereum ETF filing, says investors 'want and deserve' the fund ➡️ Read All : https://lnkd.in/e7Myhb2Q Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment... [...] #Grayscale #CryptoETF #MarketCorrelation #RegulatoryFiling #AssetManagement #Crypto #Ethereum #NBTC

Goldman Sachs in talks with BlackRock, Grayscale to be part of spot #bitcoin #ETFs - CoinDesk Goldman Sachs is in talks to be an authorized participant for the spot bitcoin exchange-traded funds that BlackRock and Grayscale Investments are looking to launch, #CoinDesk reported on Wednesday, citing people familiar with the situation. There are currently 14 #assetmanagers hoping to finally win the U.S. Securities and #ExchangeCommission's approval for spot #bitcoin ETFs, which would track the #marketprice of the underlying #crypto asset, giving #investors exposure to the token without having to buy the #currency. The #SEC is expected to announce its decision by Jan. 10 - the deadline to either approve or reject the Ark/21Shares #ETF. To date, the only crypto ETFs approved have been tied to futures contracts on Bitcoin Inc. and Ethereum. Goldman Sachs and BlackRock declined to comment. Grayscale Investments did not immediately respond to a request for comment from Reuters. Over the last decade, the top U.S. markets regulator has #rejected multiple attempts to launch these products, citing fears about #market manipulation and an inability on the part of would-be issuers to protect investors. An #authorized participant has the right to create and redeem the #shares of an #ETF, and ensures the fund tracks the underlying asset.

In the dynamic landscape of #crypto, a new advancement is about to materialize with the imminent launch of an #Ethereum ETF. #Bitwise has filed an amended version of its S-1 form with the SEC! Signaling a step towards the introduction of a spot Ethereum ETF as early as this July.

Canary Capital Follows Bitwise in Filing for Spot XRP ETF 📣 Canary Capital has filed for an XRP ETF, just one week after Bitwise filed for a similar product. ⭐️ Key details: 🟡 On October 8th, Canary Capital submitted its filing with the Securities and Exchange Commission (SEC), aiming to provide an ETF that gives investors access to the XRP market without directly holding or managing the risks associated with #XRP. 🟡 The ETF will track $XRP prices using the CME CF Ripple index, a real-time price benchmark. 🟡 No derivative products will be used, which helps avoid counterparty and credit risks. 🟡 Bitwise also filed for an XRP ETF on October 2th, positioning both firms to compete for the first spot $XRP fund if approved by the SEC. ⭐️ Legal hurdles: 🟡 The SEC is still appealing its lawsuit against Ripple, arguing that $XRP is an unregistered security, posing significant challenges for these ETF approvals. 🔗 For more details: Link (https://lnkd.in/gTJUWVZq) #Blockchain #Ripple #XRP #BitcoinETF #ETF #Securities #XRPETF

#Ether #ETF Fee Race Begins as #Invesco Reveals 0.25% Charge, Slightly Higher Than #VanEck 🕯 In an amended filing to the United States Securities and Exchange Commission, asset managers Invesco and #Galaxy revealed that they will charge investors a 0.25% management fee for the Invesco Galaxy #Ethereum ETF (QETH) if and when it is rolled out. Notably, this is slightly higher than VanEck’s 0.20%, disclosed last month. Issuers use management fees to pay for the maintenance of a fund, such as marketing costs, salaries and custodial services. Most issuers for the spot #bitcoin ETFs picked a fee between 0.19% and 0.30% which will likely be the case for their ether counterparts. https://lnkd.in/eyxfPGEW

On March 13th, the #Ethereum Dencun hard fork will roll out, aiming to lower fees for Layer 2 network users! 🙌 Combined with the potential launch of a Spot Ethereum ETF, investors are eyeing #ETH 👀 How could this impact ETH's price? CLICK HERE to find out: ► https://lnkd.in/gjNr9aRW #Crypto #Layer2 #Cancun #Deneb #Dencun #ETHETF #EthereumUpdates

🌟 It's another win for crypto industry as US spot ether ETFs made their market debut yesterday. 💪 $1.07 billion of shares changed hands in the products, according to CF Benchmarks, a digital asset index provider, Bitwise Asset Management and traders. 🔶 The most actively traded ETFs were Grayscale's Ethereum Trust , with more than $450 million in turnover, the iShares Ethereum Trust (ETHA.O) with about $245 million in trading, and Fidelity Advantage Ether ETF (FETH.Z) with $137 million, Bitwise said. #MiCALawyer #MiCA #CryptoCompliance #CryptoRegulation #BlockchainLaw #BlockchainLawyer #Web3 #DeFi

Bitcoin ETF trading volume in just 3 days exceeded $10 billion! Eric Balchunas, Bloomberg's Chief ETF Analyst, exclaimed, "This is an insane number!" To put it into perspective, in 2023, a total of 500 ETFs were launched, and their combined trading volume for the entire year amounted to $450 million. Earlier, Fundstrat expressed the viewpoint that the approval of a spot BTC-ETF by BlackRock could lead to the largest ETF launch in history. #BTCETF 👇What do you guys think happens as soon the big boys like Gray-scale, BlackRock, ARK and all others discover the $ARAT Stock of Arax.cc with the unique CoreBlockchain.net technology, will they list a separate ETF? Let's see what the future is bringing. If they dive into it they gonna discover, they will want to be having an ETF in future in my humble opinion. 😜