Since the beginning of 2024, the GameStop stock has already surged by 68%, however, 60% of the gains have come after Gill posted on his social media platform.
Despite this fee waiver, Global X’s Bitcoin and Ethereum ETPs remain relatively modest in size.
Asset issuers globally generated around $2 billion of inflows in crypto-related investment products in May.
Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.
The popular meme stock trader Keith Gill, alias Roaring Kitty revealed a GME stock portfolio of more than $110 million.
During the pre-market trading, the shares of Bitdeer rose more than 10%, priced at $6.44. The movement of shares indicates the impact that the digital asset sector has on the traditional finance industry.
While all of the prospective Ethereum ETF issuers have fulfilled the bidding of the US SEC by removing staking in their applications, investors might still favor ETH in the ETF market.
ARKB’s negative flow contrasts with the overall flow of the US spot ETFs, which logged their 13th consecutive day of combined net inflows on the same day.
Despite Vanguard’s ban on crypto ETFs, which prevents their 50 million customers from accessing these funds, the newly launched investment products are thriving without the company.
The NYSE President stated that the successful launch of the spot Bitcoin ETFs in the US has already validated the demand for crypto products. She added that NYSE would wait for clear regulatory guidelines before venturing in this market.
As the regulatory process continues, market participants eagerly await the potential launch of Ethereum-linked financial products.
Eric Balchunas, a Bloomberg ETF analyst, is optimistic about BlackRock’s amended S-1 filing, considering it a positive sign for the future launch of Ethereum ETFs.
The UK’s late entry into the crypto ETN arena contrasts with other jurisdictions in the European market and beyond, where such products have been available for years.
The approval for the leveraged Ether ETF could potentially facilitate the eventual approval of spot ether ETFs, said Volatility Shares CEO.
Schiff’s commentaries are in line with a recent trend in the corporate world where major companies are increasing their Bitcoin exposure.