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As the ETF application window is about to end, Bitcoin ETP capital inflows hit a record high

According to K33 Research, on November 15th, institutional demand for Bitcoin through exchange-traded products (ETPs) has increased significantly in the past month, with a record-breaking growth of 27,095 BTC, surpassing the flow in June and July after BlackRock submitted a Bitcoin spot ETF. K33 Research's Senior Analyst Vetle Lunde and Vice President Anders Helseth said that in addition to the inflow of Bitcoin ETPs, CME's continued high exposure indicates strong institutional demand for Bitcoin as the deadline for the latest Bitcoin spot ETF from the US Securities and Exchange Commission approaches. Analysts say that the narrow window for approving all current Bitcoin spot ETF applications will end on Friday, November 17th. This deadline specifically involves the applications from Hashdex and Franklin. However, if the SEC wants to approve all applications simultaneously, this window will be an opportunity to execute that decision. Once the window passes, although Global X ETF still has a final deadline (November 21st), all current applications will no longer be able to be approved simultaneously. In this case, momentum in the cryptocurrency market may slow down as significant news related to ETFs may need to wait for several weeks.

Cathie Wood: Gary Gensler’s political ambitions are the reason Bitcoin spot ETFs are blocked

Cathie Wood, CEO of ARK Invest, said in an interview with CNBC that it is difficult to come up with a reasonable explanation for SEC Chairman Gary Gensler's opposition to spot ETFs for Bitcoin, given his extensive knowledge of Bitcoin. Prior to serving as SEC Chairman, Gensler taught cryptocurrency and blockchain courses at the Massachusetts Institute of Technology (MIT).

21Shares, Europe's Biggest Crypto ETF Player, Launches Five Funds in the US

Switzerland-based 21Shares, the largest crypto ETF player in Europe, has launched five funds in the US that will actively manage Bitcoin and Ethereum futures products in an ETF wrapper. The firm's active management approach sets it apart from competitors, and it has a tie-up with billionaire Cathie Wood's Ark Invest. However, the US market is highly competitive, and the success of 21Shares' new crypto futures funds will be a good indicator of how the European brand will fare in the fight for market share.

Fidelity launches six new ETFs and reduces fees on nearly a third of its total lineup

Fidelity Investments has launched six new exchange-traded funds (ETFs) and reduced management fees on almost a third of its total ETF lineup. This move is expected to kick off another strong week for ETF debuts, with at least a dozen new products expected to be launched. Among them, Ark Invest and 21Shares AG will roll out a group of five actively-managed ETFs tied to bitcoin and ethereum futures as well as blockchain technology on Tuesday and Wednesday. Fidelity's ETF conversions include funds focused on large-cap growth, value and core portfolios, as well as mid-cap small-cap, and international stocks, offering fees of 18 basis points to 28 basis points.

Blackrock Denies Attempting to Launch XRP ETF, Regulatory Filing Deemed Fake

Blackrock has denied reports that it is planning to launch an XRP exchange-traded fund (ETF). A spokesperson confirmed that a regulatory filing suggesting the company had taken a first step toward doing so was fake. XRP's price briefly rose by more than 10% before returning to its pre-news intraday price of around 65 cents. Blackrock has previously filed with the US Securities and Exchange Commission (SEC) to launch spot bitcoin and ether ETFs.

Bloomberg ETF analyst: Bitcoin spot ETF more likely to be approved in January next year

On November 13th, Bloomberg ETF analyst James Seyffart posted on social media that assuming the SEC approves a Bitcoin spot ETF, it is more likely to be approved during the January window period than this week's window period.

Pre-ETF BTC price 'crash' or $150K in 2025? Bitcoin forecasts diverge

Bitcoin ETF launch day could be more than just a "sell the news" event for BTC price, says Peter Schiff.
Pre-ETF BTC price 'crash' or $150K in 2025? Bitcoin forecasts diverge

CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?

CoinDesk’s Omkar Godbole says rising open interest on the Chicago Mercantile Exchange isn't always the best indicator for bitcoin’s price.
CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?

UBS has started offering crypto ETFs to Hong Kong clients

Swiss financial giant UBS has started offering encrypted ETF services to high net worth clients in Hong Kong.

Bitcoin ETF excitement returns as BTC price nears $37K

BTC price hits new 18-month highs as Bitcoin market participants appear to get caught off-guard by the strength of a fresh rally.
Bitcoin ETF excitement returns as BTC price nears $37K