#NasdaqETFUpdate Hereâs the latest update on NASDAQ-listed Crypto ETFs as of July 2024, including key developments and market implications:
1. Bitcoin ETFs: Dominating Inflows
- Total AUM: $35B+ across 11 U.S. spot Bitcoin ETFs
- Top Performers:
- BlackRock (IBIT): $18B AUM (50% market share)
- Fidelity (FBTC): $9B AUM
- ARKB (ARK Invest): $3B AUM
- Daily Flows: Averaging $200M-$500M daily (down from Q1 2024 peaks)
Recent Trend:
- Institutional Accumulation: Pension funds and RIAs slowly entering.
- GBTC Outflows Slowing: Down to ~$50M/day (vs. $600M/day in January).
2. Ethereum ETFs: Launch Imminent
- Approval Status: SEC gave 19b-4 approvals (S-1 filings pending).
- Expected Launch: Late July 2024
(BlackRock, Fidelity, Grayscale first).
- Projected Impact:
- Initial $1B-$2B inflows in first month.
- Could push ETH to $4,000+ if demand matches 20% of BTC ETF inflows.
Key Difference vs. BTC ETFs:
- Staking Debate: SEC may block staking in ETH ETFs (unlike BTC ETFs).
3. Other Crypto ETF Developments
đš Solana ETF Filings
- VanEck filed for first spot SOL ETF (decision expected 2025).
- Odds: 30% chance of 2024 approval (SEC still views SOL as potential security).
đš Multi-Crypto ETFs
- Bitwise 10 Crypto Index ETF (BITW): Holds BTC, ETH, SOL, XRP (+6 others).
- Global X Blockchain ETF (BKCH): Focuses on crypto-correlated stocks.
đš Futures-Based ETFs
- ProShares Bitcoin Strategy ETF (BITO): $2B AUM (popular for short-term traders).
- Leveraged ETFs: Volatility Shares 2x Bitcoin ETF (BITX) gaining traction.
4. Global ETF Expansion
| Country | Bitcoin ETF | Ethereum ETF |
|--------------|-------------|--------------|
| **U.S.** | â
11 ETFs | â
Coming July 2024 |
| **Canada** | â
5 ETFs | â
3 ETFs |
| **Europe** | â
8 ETFs | â
4 ETFs |
| **Hong Kong**| â
6 ETFs | â
3 ETFs |
5. Market Impact & Trading Strategies
â
Bullish Signals:
- ETF inflows reducing circulating BTC supply (~7,500 BTC bought daily by ETFs).
- ETH ETF could trigger altcoin season (L2 tokens like ARB, OP may rally).
â Risks:
- Summer Liquidity Lull: Low volumes could amplify price swings.
- SEC Delays: Potential last-minute hurdles for ETH ETFs.
How to Trade:
- Pre-ETH ETF: Accumulate ETH below $3,500.
- Post-Launch: Watch for "sell the news" dip.
- Altcoin Plays: Rotate profits into SOL, ARB if ETH rallies.
6. Whatâs Next?
- July 29: Final SEC deadline for ETH ETF S-1 approvals.
- September: Possible SOL ETF decision.
- 2025: Potential XRP, ADA ETFs if regulatory clarity improves.
Key Takeaway:
NASDAQ crypto ETFs are bridging institutional capital to blockchain, with BTC leading and ETH poised for its breakout. The next 6 months could see $50B+ total ETF AUM across assets.