Vaneck Reveals Plans to Close Ethereum Futures ETF

On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting. Vaneck to Wind Down Ethereum Futures ETF According … Read more

Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows

Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took hits, with bitcoin ETFs leading the way in outflows. According to data … Read more

Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses

On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to … Read more

Bitcoin ETFs Drop $287M While Ether ETFs Shed $47M in Early September Trading

On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net … Read more

Bitcoin Faces Challenges As Fear Dominates Market Sentiment

The Crypto Fear & Greed Index has taken a sharp turn from “Greed” to “Fear” this week, plummeting from 55 to 26 as Bitcoin’s price slipped below $58,000. This shift reflects the growing concerns among investors and traders about Bitcoin’s current market dynamics. The Crypto Fear & Greed Index has shifted from “Greed” to “Fear” … Read more

Bitcoin Market Indicator Signals Bear Phase Amid Major Exchange Outflows

The Bitcoin market cycle indicator has once again entered a bear phase, signaling caution for investors. From a valuation standpoint, if Bitcoin’s price falls below $56,000, the risk of a larger correction could increase significantly. #Bitcoin market cycle indicator is again in BEAR phase (light blue area). From a valuation perspective, if the price pierces … Read more

Bitcoin ETFs Lose $105M in Outflows as Ether ETFs Snap Losing Streak

On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million. … Read more

ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs

On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn From … Read more

Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options

Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq … Read more