加密货币ETF

SEC postpones decision on cryptocurrency ETF pledge and physical redemption to early June

Recently, the U.S. Securities and Exchange Commission (SEC) announced that it would postpone its decision on two proposed amendments related to cryptocurrency ETFs, with new review deadlines of June 1 and June 3, respectively.

The first resolution postponed by the SEC was to extend the review period of Grayscale's Ethereum (ETH) pledge application to June 1, 2025. The proposal allows Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH) to pledge part of the custodial ETH.

The amendment was originally submitted by Grayscale on February 14 and published in the Federal Register on March 3, with a preliminary decision deadline of 45 days, that is, April 17.

But the SEC extended its review period under Section 19(b)(2) of the Securities Exchange Act of 1934, arguing that more time is needed to evaluate rule changes and related issues.

In addition, the SEC also postponed its decision on another proposal from Cboe BZX Exchange regarding the physical creation and redemption of VanEck Bitcoin Trust (HODL) and VanEck Ethereum Trust (ETHV).

The amendment, submitted on February 19 and published on March 5, will modify the terms for the creation and redemption of trust shares using digital assets instead of cash.

The initial 45-day review period was originally scheduled to expire on April 19, but the SEC has extended it to June 3 for further deliberation.

In summary, these two postponed resolutions also reflect the SEC's cautious approach in dealing with cryptocurrency-related proposals, and also show that regulators need more time to ensure compliance and market stability when evaluating these complex issues.

What do you think of the SEC's decision to postpone the staking and physical redemption of cryptocurrency ETFs? Do you think the SEC needs to be cautious in the current loose government environment? See the comments section!

#加密货币ETF #SEC #监管动态

🇰🇷 Chairman of the Korea Exchange calls for: Approval of cryptocurrency ETFs is urgent!

Jeong Eun-bo, chairman of the Korea Exchange, recently called for South Korea to approve cryptocurrency ETFs as soon as possible to cope with the current sluggish stock market. He stressed that reform of the financial sector is key to enhancing the country's competitiveness. As the world's third largest cryptocurrency trading country, South Korea should seize opportunities and create new market value.

In his last media interview, Jeong Eun-bo, chairman of the Korea Exchange, bluntly pointed out that the Korean stock market is facing severe challenges. In the second half of 2024, the Korea Composite Stock Price Index (KOSPI) fell sharply by 15%, causing retail investors to withdraw. In addition, the market is plagued by problems such as "unfair trading" and "zombie companies".

Jeong warned that without timely reforms, South Korea's financial markets will lag far behind other countries. He also stressed that the United States has made significant progress in cryptocurrency ETFs, so domestic regulators should approve cryptocurrency ETFs as soon as possible to avoid the Korean market falling further behind the global trend.

Jeong also mentioned that South Korea was somewhat allergic to cryptocurrency ETFs before, but now the situation in the United States has made Korean regulators begin to consider changes. Now, the Financial Supervisory Service of South Korea is reviewing the ban and has set up a digital asset advisory group. Meanwhile, as recently as January, the Korea Exchange was exploring the potential for approving a cryptocurrency ETF to diversify its market.

Seo Yoo-seok, chairman of the Korea Financial Investment Association (Kofia), also voiced his support, saying that the country should follow the example of the United States and approve relevant investment products to improve market transparency and attract more institutional investors to continue to maintain its leading position in the digital asset field.

In summary, the Korea Stock Exchange seems to be serious about the cryptocurrency ETF this time. If approved, it may bring new development opportunities to the market. Do you think South Korea can proceed smoothly this time? See the comments section!

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💷The Bitcoin Spot ETF outperformed expectations last year, and the cryptocurrency ETF market may see a major explosion in 2025

The Bitcoin Spot ETF performed beyond public imagination in 2024, but experts believe this is just the beginning. Experts predict that in 2025, the Bitcoin Spot ETF will experience a larger influx of funds. At that time, following President Trump's inauguration, the cryptocurrency sector will see a very crazy surge.

The Bitcoin Spot ETF received massive demand in its first year, with just one Bitcoin Spot ETF from BlackRock seeing total inflows of nearly $55.43 billion, making it the best-performing ETF in its history.

Not only that, but Fidelity's Bitcoin Trust ETF (FBTC), ARK Fund's Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB) also made it to the top 50 ETFs ever launched in the United States.

Given the excellent performance of Bitcoin ETFs in their first year, experts unanimously believe that the strong momentum of demand for Bitcoin from investors will continue into 2025. At the same time, experts believe 2025 will be the year of cryptocurrency ETFs, with possibly more than 50 new cryptocurrency ETFs getting approved. This suggests that in addition to Bitcoin and Ethereum, a large number of cryptocurrency ETFs may emerge in the market.

In this regard, some believe that the existence of ETFs contradicts the original intent of cryptocurrencies and blockchain technology, and may affect the decentralization of cryptocurrencies.

However, differing opinions suggest that the potential emergence of a large number of altcoin ETFs could bring positive effects to the cryptocurrency market and its ecosystem, but for new investors, if a bear market hits the crypto market, it may expose them to higher investment risks.

Experts point out that in 2024, a large number of investment and professional asset management brokers have entered the cryptocurrency ETF market and have undergone extensive industry training. Therefore, it is expected that in 2025, these fund managers will actively promote new types of altcoin ETFs.

In summary, if the trends predicted by experts come to fruition, the performance of cryptocurrency ETFs in 2025 is very likely to surpass that of 2024.

💬 Finally, do you think 2025 will be the year of explosion for cryptocurrency ETFs? What impact will the approval of altcoin ETFs have on the crypto market? Leave your views and predictions in the comments section!

#比特币ETF #加密货币ETF #市场预测 #投资风险

Bitcoin spot ETF and Ethereum ETF achieved net inflows for 5 and 8 consecutive days respectively

According to the latest data from SoSoValue, Bitcoin spot ETF had a net inflow of nearly $557 million yesterday, achieving a net inflow of funds for 5 consecutive days.

In this trend, BlackRock's ETF IBIT performed particularly well, with a net inflow of nearly $572 million in a single day, setting a historical record for single-day net inflows, and its cumulative net inflow has reached $33.34 billion.

At the same time, Grayscale's Bitcoin Mini Trust ETF BTC also showed a positive trend, with a net inflow of $55.71 million in a single day and a cumulative net inflow of $785 million.

In contrast, Grayscale's ETF GBTC had a single-day net outflow of $94.31 million, and a cumulative net outflow of $20.64 billion.

At present, the total net asset value of Bitcoin spot ETF is $108.23 billion, accounting for 5.54% of the total market value of Bitcoin, and the historical cumulative total net inflow has reached $32.29 billion.

On the other hand, the Ethereum spot ETF had a net inflow of nearly $168 million yesterday, also achieving a net inflow of funds for 8 consecutive days.

Among them, BlackRock's ETF ETHA performed the best among Ethereum spot ETFs, with a net inflow of $124 million in a single day and a cumulative net inflow of $2.35 billion. Fidelity's ETF FETH also performed well, with a net inflow of $40.68 million in a single day and a cumulative net inflow of $959 million.

Grayscale's Ethereum Mini Trust ETF ETH had a net inflow of $8.79 million in a single day and a cumulative net inflow of $429 million.

Grayscale's Ethereum Trust ETF ETHE had a net outflow of $6.21 million in a single day, with a cumulative net outflow of $3.42 billion.

Currently, the total net asset value of Ethereum spot ETF is $12.26 billion, accounting for 2.62% of Ethereum's total market value, and the historical cumulative net inflow has reached $898 million.

Conclusion:

Although Grayscale's GBTC and ETHE experienced net outflows, which is also a continuation of Grayscale's previous stock split strategy (split into mini BTC and ETH, friendly to retail investors), this did not affect the positive trend of overall market net inflows.

The continuous inflows of funds into the spot ETFs of these two major cryptocurrencies not only reflect the market's continued interest in cryptocurrencies, but also show investors' continued confidence in these asset classes.

What do you think of the continuous inflows of funds into cryptocurrency ETFs? Would you consider following the trend or stay on the sidelines?

#加密货币ETF #比特币 #以太坊 #投资趋势

📈 Large-scale capital inflow observed in the US Bitcoin spot ETF and Ethereum ETF yesterday 💰

On February 5th, according to the latest data from SoSoValue, both the US Bitcoin and Ethereum spot ETFs experienced significant capital inflows yesterday. The total net inflow for the Bitcoin spot ETF reached nearly $341 million in a single day.

Among them, BlackRock's Bitcoin spot ETF IBIT saw a net inflow of $249 million in a single day; Ark Invest and 21Shares' ARKB had a net inflow of $56.12 million. Grayscale's GBTC recorded a net inflow of $19.54 million in a single day; while Bitwise's Bitcoin spot ETF BITB had a net inflow of $16.11 million in one day.

As of now, the total net asset value of the Bitcoin spot ETF is $116.04 billion, with a net asset ratio of 5.93%, and a historical total net inflow of $40.6 billion.

Meanwhile, the total net inflow for the Ethereum spot ETF was nearly $308 million, achieving a consecutive four days of net inflows. BlackRock's Ethereum spot ETF ETHA had a net inflow of $276 million in one day; Fidelity's FETH saw a net inflow of $27.47 million; Bitwise's Ethereum spot ETF ETHW had a net inflow of $4.14 million; while Grayscale's ETHE and ETH had no net inflow or outflow yesterday.

As of now, the total net asset value of the Ethereum spot ETF is $10.37 billion, with a net asset ratio of 3.15%, and a historical total net inflow of $3.15 billion.

In summary, the surge in capital inflows into the US Bitcoin and Ethereum spot ETFs indicates an increased confidence among investors in crypto assets and suggests that crypto assets are gradually becoming mainstream. However, the market still carries high volatility risks, and investors should remain clear-headed and make investment decisions prudently.

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