Latest news with #NateGeraci
CNBC
a day ago
- Business
- CNBC
ETF Edge on momentum, AI and Bitcoin
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on 'ETF Edge' to discuss the momentum trade, getting granular with AI through ETFs and bitcoin ETFs more than a year later.
CNBC
a day ago
- Business
- CNBC
How some AI ETFs are trying to differentiate from the pack
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on 'ETF Edge' getting granular with AI and how BlackRock is trying to carve out a space of its own in the field.
CNBC
a day ago
- Business
- CNBC
Bitcoin funds see sudden outflows after weeks of stellar gains
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on 'ETF Edge' looks back on bitcoin ETFs more than a year later.
Crypto Insight
3 days ago
- Business
- Crypto Insight
BlackRock's Bitcoin ETF ends 31-day inflow streak with biggest outflow ever
The world's largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024. On May 30, BlackRock's iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT's largest outflow day was on Feb. 26, with $418.1 million in outflows. BlackRock Bitcoin ETF massive outflow day ETF analyst Nate Geraci said in a May 31 X post, 'What a run over the past 30+ days, though.' Geraci highlighted that BlackRock is 'now pushing' approximately $70 billion in Bitcoin holdings since it launched. 'Not sure I have words to describe how ridiculous this is,' Geraci said. Overall, the 11 US spot Bitcoin ETFs recorded net outflows for the second consecutive day on May 30, totaling $616.1 million. The day before, on May 29, the cohort ended its 10-day net inflow streak with an outflow day of $346.8 million, although BlackRock still posted an inflow, drawing attention from several in the industry. Master Ventures founder Kyle Chasse said, 'Every other issuer saw red. BlackRock kept buying…big brain energy right there.' Bitcoin ETF outflows not 'retail panic' 'The sell-off isn't retail panic. It's literally the quiet transfer of supply to the strongest hands,' Chasse added. Meanwhile, Bitcoin's spot price is $103,700, down 2.27% over the past 24 hours, according to CoinMarketCap data. On May 30, Derive founder Nick Forster pointed out to Cointelegraph that there has been a significant amount of spot Bitcoin ETF inflows in recent times, yet it hasn't been reflected in the spot price. 'Despite significant inflows into Bitcoin ETFs, notably over $6.2 billion into BlackRock's iShares Bitcoin Trust in May, Bitcoin's price hasn't experienced a commensurate rise,' Forster said. In the trading week ending May 23 alone, spot Bitcoin ETFs recorded a total of $2.75 billion in inflows. Source:
Yahoo
26-05-2025
- Business
- Yahoo
Here's When To Expect XRP, Solana, DOGE Spot ETF Approvals, According To This Expert
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bloomberg Intelligence Senior ETF Analyst James Seyffart has weighed in on when the SEC could approve pending spot cryptocurrency ETF applications. The regulator is battling a full plate with a flood of applications, baggage from the previous administration and efforts to establish market rules. While decisions on spot ETF applications stall, progress is being made elsewhere. Amid improving regulatory conditions and growing institutional interest, anticipation for the approval of pending spot cryptocurrency exchange-traded fund applications is understandably high. Among pending applications are products tied to popular altcoins like XRP, Solana and even the leading memecoin Dogecoin. However, the Securities and Exchange Commission does not appear to be in a hurry to make a decision. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The SEC pushed back decision deadlines for 21Shares' planned XRP ETF and Grayscale's planned XRP and Dogecoin offerings on Tuesday. Before these, the regulator delayed a decision on Grayscale's planned Solana offering last week. 'SEC delays several decisions today on spot xrp & doge ETFs, along w/ staking in eth ETFs. Nothing to see here IMO. Still think all will be approved,' The ETF Store President Nate Geraci said Tuesday on X. The question on the minds of many is when? According to Bloomberg Intelligence Senior ETF Analyst James Seyffart, approvals for pending spot cryptocurrency ETF applications are likely to come late June or early July at the earliest. But early Q4 is most likely, he said. 'The SEC *typically* takes the full time to respond to a 19b-4 filing,' he said Tuesday on X, referring to the maximum 240-day decision window allotted to applications like these. 'Almost all of these filings have final due dates in October,' he said, adding that early decisions would be 'out of the norm.' Trending: New to crypto? on Coinbase. The SEC likely needs this 240-day window more than ever. With its softening stance on cryptocurrencies, fund managers have gone all out to test the limits of what is possible, from applications for products based on popular altcoins to products based on the memecoins launched by President Donald Trump and first lady Melania Trump. According to a list compiled by Seyffart in April, at least 72 cryptocurrency ETF applications are sitting on the regulator's desk. In addition to this deluge of applications, the regulator is battling to clear up 'the mess' left by years of cryptocurrency regulation through enforcement while trying to work towards building clear guidelines for the market. But while decisions on spot ETF applications stall, progress is being made elsewhere. Teucrium launched a 2x XRP futures ETF in April. On Thursday, Volatility Shares debuted a standard XRP futures product and a 2x variation. Volatility Shares launched similar products for Solana in March. These investment vehicles, which allow traders to speculate on the price of an asset without holding it, have historically been easier for the SEC to approve. JPMorgan analysts predicted in January that XRP ETFs could attract between $4 billion and $8 billion in inflows in the first 12 months, while Solana products could attract between $3 billion and $6 billion. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Here's When To Expect XRP, Solana, DOGE Spot ETF Approvals, According To This Expert originally appeared on
