ETF Financial News

Stocks finished yesterday lower as rates pushed higher again and spreads widened. The 10-year climbed to 4.69%, and the help to spread between the ten and the two widened to -42 bps, which is important.

VanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.

Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market. 

Despite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. 

Bitcoin (BTC), the world's top cryptocurrency, recently experienced a remarkable surge, surpassing the $28,000 mark on Monday. At that time, the entire cryptocurrency market boasted a total worth of approximately $1.11 trillion, marking a 3.05% growth within the past 24 hours. 

VanEck has announced that it will donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. 

Valkyrie Funds LLC said on Friday it will halt buying of ethereum for the Valkyrie Bitcoin and Ether Strategy ETF and unwind any positions already acquired, a stumbling block in its bid to be the first to bring an exchange traded fund (ETF) tied to the cryptocurrency ethereum to the market. «The Fund will not purchase ether futures contracts until the effectiveness of an amendment to the Fund's registration statement contemplating the addition of ether futures contracts to the principal investment strategy of the Fund,» Valkyrie said in a filing with the Securities and Exchange Commission. «Until such time, the Fund will unwind any existing positions in ether futures contracts.» Valkyrie announced Thursday it had received the green light to acquire ethereum futures contracts as part of the conversion of an existing ETF tied only to Bitcoin to include ethereum.

Aside from liquidity, what do institutions bring to crypto? What precisely is their value added? This is an instructive question to ponder, because there is little consensus on what deeper institutional participation means for an industry that is riven with contradictions.

Global asset manager VanEck will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years, the company announced on X (formerly Twitter) on Sept. 29. 

Bitwise Asset Management has revised its spot Bitcoin (BTC) exchange-traded fund (ETF) application and confirmed that trading for two Ether (ETH) futures ETFs will commence on Oct. 2.

Gold on the key London spot market declined to a six-month low on firm US dollar and a jump in Treasury yields. Hopes of interest rates staying higher for an unexpected period increased the demand for US assets. Despite a weaker Indian Rupee, domestic gold mirrored the trend with the most active MCX futures and shed its price to Rs 57500 per ten grams, its lowest level since March 2023.

Key Takeaways

The SEC gave a big present to crypto ETF firms just ahead of the likely government shutdown, reportedly granting approval for a number of ethereum futures strategies that could start trading soon.

The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S.

A United States appellate court directed the Securities and Exchange Commission (SEC) in August to reassess its denial of Grayscale's application for a Bitcoin exchange traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the cryptocurrency market.

Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance.

Kraken, a prominent US-based cryptocurrency exchange, is reportedly considering expanding its product offerings to include traditional stocks and exchange-traded funds (ETFs). 

Stocks on Wall Street tumbled throughout September as renewed worries over inflation and fresh uncertainty surrounding the future path of the Federal Reserve’s interest rates rattled investors.

European cryptocurrency investment firm CoinShares is optimistic about cryptocurrency regulation in the United States as the firm enters the new market.

Bitcoin (BTC) has bounced-back +3.96% following reclamation of 20DMA support, and with price action turning bullish - here are 3 reasons why Bitcoin will see a strong performance in October.

Bitcoin (BTC), the world's largest cryptocurrency, experienced some gains but remained below the $27,000 mark on Friday morning.