U.S. spot Bitcoin ETFs faced their most significant outflows on Tuesday as Bitcoin dropped below $88,000, triggering the largest single-day capital flight in the history of these investment vehicles. Fidelity’s FBTC was the hardest hit, followed closely by BlackRock’s ETF. Spot Bitcoin exchange-traded funds (ETFs) in the U.S. endured a sharp sell-off on Tuesday as […]
Nasdaq seeks approval to list CoinShares ETFs in XRP and Litecoin
Nasdaq has filed Forms 19b-4 with the SEC to list and trade two new CoinShares exchange-traded funds (ETFs): the CoinShares XRP ETF and the CoinShares Litecoin ETF. These products would provide investors with regulated exposure to XRP and Litecoin (LTC), two of the most established crypto assets in the market. CoinShares, one of the leading […]
SEC Delays Decision on Spot Ethereum ETF Trading Options
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving a rule change to allow options trading in Ethereum exchange-traded funds. In a filing on Tuesday, the SEC announced it was extending the deadline for its decision on Nasdaq ISE’s proposal to list and trade options on the BlackRock iShares Ethereum Trust, […]
Spot Bitcoin ETFs Record Highest Outflows in 4 Months
Spot Bitcoin ETFs have garnered the financial market’s attention in recent months. However, recently released data indicates that these funds experienced net outflows of $287 million on Tuesday, the largest on record in the past four months. This huge exodus of capital raises questions about the health of the cryptocurrency market and investor confidence in the digital […]