BlackRock CIO Samara Cohen revealed that the firm has no plans for a Solana ETF or any other crypto ETF soon, stating only Bitcoin and Ethereum meet their criteria. Major fund houses might include crypto ETFs in model portfolios by late 2024. BlackRock recently launched an Ethereum ETF, ETHA, driving significant inflows.
MarketAcross and Chainlink Labs partner to boost crypto adoption for financial institutions. Key feature: proof of reserve for CETH holders, enhancing transparency and trust. ARKB sees $2.6B net inflows, highlighting growing crypto investment. This collaboration strengthens the crypto ecosystem and encourages institutional involvement.
21Shares integrates Chainlink’s Proof of Reserve to verify Ethereum ETF reserves, enhancing transparency and security for investors. This partnership, announced by CEO Johann Eid, enables real-time, decentralized verification, marking a significant advance in digital asset trust and adoption.
The Dutch finance ministry has denied the AFM’s requests for more funding to enhance crypto oversight, citing political unfeasibility. This decision raises concerns about inadequate supervision amid new European MiCa regulations. The AFM will focus on the highest risks to consumers and investors.
BlackRock warns of investment scams using its name to target Bitcoin and Ether ETF investors. Scammers impersonate executives through fake emails and websites, offering false deals. Official emails end with “@blackrock.com.” Caution is urged as crypto scams surge.
BlackRock warns of a surge in scams using its name, urging users to be vigilant. Red flags include payment requests, guaranteed returns, and urgency. Official communications never use WhatsApp or Telegram. Verify authenticity and avoid sharing personal info. #ScamAlert
Ethereum ETFs saw $2.2B inflows from the new spot ETF, the highest since Dec 2020. Despite Grayscale’s $1.5B outflows, Ether ETP trading volumes surged 542%. Ethereum’s price rose 4.8% to nearly $3,400, with total ETF assets at $99.1B. #Update
Ethereum spot ETFs in the U.S. faced $162.67M capital outflows on July 26, 2024, marking the third consecutive day of losses. The Grayscale Ethereum Trust ETF (ETHE) lost $356.26M in a single day, despite inflows into five other products. $ETH trading around $3370.
Brevan Howard Digital launched BH Digital Solutions, led by ex-Coinbase trader Chris Rayner-Cook, to boost returns for blockchain and crypto mining firms. The unit’s debut follows a 20% asset increase to $2.3B in H1 2024, highlighting institutional growth in crypto.
BlackRock warns of rising crypto scams after launching its Spot Ethereum ETF on July 23. Scammers impersonate the firm on social media and messaging apps, using sophisticated tactics like phishing and fake documentation to deceive investors. #CryptoScams #Update
Bitcoin surged above $69,000 this week after fluctuating between $67,500 and $64,000. Major events included Mt. Gox’s $2.85 billion withdrawal and significant purchases by Metaplanet and Real Bedford. Over 358,000 BTC moved to long-term holders, signaling strong market confidence.
Ethereum ETFs launched in Hong Kong could trade $15-$20 billion in the first month, marking a milestone in digital asset integration. This move may boost DeFi and real-world investments, attracting significant institutional capital. #Ethereum #ETFs #CryptoNews
Crypto investments surged from July 20-27, with 32 projects raising over $190M. Leading, Ceti secured $60M for decentralized AI. Highlights: NPC Labs $21M for Web3 gaming, Caldera $15M for ecosystem unification, Igloo and Bitlayer $11M each, and Hash AI $10M for crypto mining. #Update
VanEck teases a spot $SOL ETF as Solana surpasses Binance Coin to become the 4th-largest cryptocurrency by market cap. SOL’s market cap milestone is significant, marking the first time in four years it has overtaken $BNB, with a 35% price surge in two weeks. #CryptoNews
