ilmscore | Which Bitcoin And Ethereum ETFs Are The Best?

Which Bitcoin And Ethereum ETFs Are The Best?

Predictions from this Video

Total: 58
Correct: 0
Incorrect: 0
Pending: 58
Unrated: 0
Prediction
Topic
Status
Anticipates increased interest and discussion around the best ETFs for gaining exposure to Ethereum.
"And this has everyone wondering which are the best ETFs to get exposure to BTC and ETH."
ETH
Pending
Focus on the largest spot Bitcoin ETFs, suggesting a trend towards concentration in major players.
"the biggest spot crypto ETFs."
BTC
Pending
BlackRock filed for its Bitcoin ETF conversion in June 2023.
"In June 2023, Black Rockck filed with the SEC to convert its Eyesshares Bitcoin Trust into an ETF using Coinbase as its custodian."
IBIT
Pending
11 spot Bitcoin ETFs were approved in January 2024, with BlackRock's IBIT becoming a market leader.
"The SEC subsequently approved 11 different spot Bitcoin ETFs in January 2024 and Black Rockck's IBIT quickly outpaced its competitors."
BTC
Pending
BlackRock's IBIT ETF achieved the status of the fastest-growing ETF in history.
"IBIT became the fastest growing ETF in history."
IBIT
Pending
IBIT's Bitcoin holdings grew from 227 BTC to approximately 25,000 BTC within its first week of trading.
"When IBIT began trading on the 11th of January 2024, it held just 227 Bitcoin. Within a single week, these holdings had grown by more than 100 times to roughly 25,000 BTC."
IBIT
Pending
Within one month of launch, IBIT held over 82,000 BTC, and within six months, it reached 313,000 BTC.
"A month into IBIT's launch, Black Rockck's Bitcoin Stash had reached over 82,000 BTC. And by 6 months, it was holding a staggering 313,000 BTC."
IBIT
Pending
At the time of filming, IBIT held over 717,000 BTC, with AUM exceeding $85 billion.
"At the time of shooting, Black Rockck's iBot controls over $85 billion in AUM, holding over 717,000 BTC."
IBIT
Pending
The promotional fee reduction for IBIT has ended, and its standard fee is now 0.25%.
"However, that promotional period has ended and IBIT's fees have now reverted to 0.25%."
IBIT
Pending
BlackRock has launched IB1T, a spot Bitcoin ETP for European investors.
"IBET isn't directly listed for retail purchase, but BlackRock launched a spot Bitcoin ETP for European investors called IB1T."
IB1T
Pending
Fidelity's initial spot Bitcoin ETF application in 2021 was rejected by the SEC in January 2022.
"Fidelity first applied for a spot Bitcoin ETF back in 2021, but the application was rejected by the SEC in January 2022."
FBTC
Pending
Fidelity reapplied for its Bitcoin ETF in June 2023, with Fidelity Digital Assets serving as custodian.
"The asset manager then reapplied for the ETF in June 2023 with a division of Fidelity itself acting as the custodian, specifically Fidelity Digital Assets."
FBTC
Pending
Within its first week of launch, Fidelity's FBTC ETF held approximately 25,000 BTC.
"According to estimates from Glass Node, FBTC was holding roughly 25,000 BTC within its first week of launch."
FBTC
Pending
FBTC's Bitcoin holdings reached 60,000 BTC within a month and approximately 161,000 BTC within six months.
"Within a month from launch, these holdings had shot up to 60,000 BTC. And by 6 months, this had increased to roughly 161,000 BTC."
FBTC
Pending
Currently, FBTC has over 206,000 BTC in holdings and an AUM exceeding $2.16 billion.
"Today, Fidelity's FBTC controls over 2.16 billion in AUM with over 206,000 BTC."
FBTC
Pending
Fidelity offers FBTC, a Bitcoin ETP available on major European exchanges.
"Thankfully though, Fidelity also has an alternative Bitcoin ETP called FBTC which trades on major European exchanges."
FBTC
Pending
The Grayscale Bitcoin Trust (GBTC) was initially launched in 2013 as a private placement for accredited investors.
"Gayscale's Bitcoin Trust was actually launched way back in 2013, originally as a private placement available only to accredited investors."
GBTC
Pending
GBTC shares became accessible to retail investors in early 2015.
"It became available to retail investors in early 2015."
GBTC
Pending
Grayscale's initial attempt to convert GBTC into an ETF in 2017 was rejected by the SEC due to concerns about market manipulation and investor risk.
"Gayscale first applied for its GBTC trust to be converted into an ETF in 2017, but faced rejection from the SEC, which cited fears about market manipulation and investor risk."
GBTC
Pending
Grayscale's lawsuit against the SEC, which they won, was a critical catalyst for the approval of spot Bitcoin ETFs in 2024.
"Gayscale responded by suing the regulator and then they won the case. Without this major catalyst, it's questionable whether any spot bitcoin ETFs would have been approved in 2024."
GBTC
Pending
Prior to its conversion to an ETF, Grayscale's Bitcoin Trust held over 620,000 BTC.
"Gayscale's Bitcoin Trust held over 620,000 BTC before being converted from a trust to an ETF."
GBTC
Pending
GBTC's current Bitcoin holdings are approximately 222,000 BTC, representing about a third of its initial amount.
"Today, GBTC only holds around 222,000 BTC, roughly a third of what it started with."
GBTC
Pending
Grayscale's GBTC ETF has a 1.5% fee, which is six times higher than those of Fidelity or BlackRock.
"Grayscale charges a fee of 1.5% and that's six times more than Fidelity or Black Rockck."
GBTC
Pending
BlackRock submitted its filing for the Ethereum ETF in November 2023.
"Black Rockck first filed for the Ethereum ETF in November 2023."
ETH
Pending
In May of the previous year, the SEC approved spot Ethereum ETFs from multiple asset managers.
"The SEC eventually approved smart Ethereum ETFs in May last year for several asset managers, including BlackRock, Vanek, Fidelity, Gayscale, Franklin Templeton, Arc 21 shares, Invesco, Galaxy, and Bitwise."
ETH
Pending
Spot Ethereum ETFs commenced trading on July 23, 2024, two months after their approval.
"they began trading two whole months later on the 23rd of July, 2024."
ETH
Pending
Spot Ethereum ETFs are not performing as well as their Bitcoin counterparts due to slower institutional adoption.
"the spot Ethereum ETFs haven't matched the success of their Bitcoin counterparts. Institutional adoption has been slower than expected, leading to a rocky start."
ETH
Pending
Significant net inflows for spot Ethereum ETFs were only observed starting last November, but these were temporary and often reversed by outflows.
"Spot Ethereum ETFs didn't see significant net inflows until last November. But these were short-lived, often followed by outflows that essentially reset the playing field."
ETH
Pending
Within one month of trading, BlackRock's ETH ETF held 332,000 ETH, and by the end of the year, this grew to over 1 million ETH.
"Glass node data shows that just a month after trading began on July 23rd, ETH A held $332,000 ETH. By year's end, that number had ballooned to over 1 million ETH."
ETH
Pending
Currently, BlackRock's ETH ETF manages over $6.4 billion in AUM and holds more than 2.1 million ETH.
"Today, it controls more than $6.4 billion in AUM and holds over 2.1 million ETH."
ETH
Pending
BlackRock's spot Ethereum ETF has a fee of 0.25%.
"Black Rockck charges a fee of 0.25% for trading ETH."
ETH
Pending
BlackRock has discussed spot Ethereum ETPs with staking features with the SEC, but approval is pending.
"the firm reportedly met with the SEC's crypto task force in May to discuss spot Ethereum ETPS with staking features, although the SEC has yet to give this the green light."
ETH
Pending
The approval of a staked Solana ETF indicates that Ethereum ETFs with staking features may be approved soon.
"the recent approval of the staked spot Salana ETF suggests Ethereum is next in line."
ETH
Pending
Fidelity filed for its spot Ethereum ETF with the SEC in March of the previous year.
"Fidelity first filed with the SEC for its spot Ethereum ETF in March last year."
FE
Pending
Fidelity initially included and then removed a staking mechanism from its spot Ethereum ETF filing.
"Notably, Fidelity's initial SEC filing was initially amended to include a staking mechanism. A few months later though, Fidelity amended the filing again to take the staking element back out."
FE
Pending
Fidelity is once again attempting to incorporate a staking mechanism into its spot Ethereum ETF.
"But as you may have guessed, Fidelity is again seeking to add a staking mechanism for its spot Ethereum ETF."
FE
Pending
The SEC has postponed its decision regarding the implementation of staking features in Fidelity's Ethereum ETF.
"However, in April this year, the SEC delayed its decision to allow these features to be implemented."
FE
Pending
By the end of the previous year, Fidelity's Ethereum ETF had accumulated over 462,000 ETH.
"Fidelity's Ethereum fund began trading on the 23rd of July last year, and by the end of the year, it had already amassed over 462,000 ETH."
FE
Pending
Fidelity's Ethereum ETF currently holds nearly 570,000 ETH, with an AUM exceeding $1.22 billion.
"Today, FET holds almost 570,000 ETH with over $1.2 2 billion in AUM."
FE
Pending
Fidelity's spot Ethereum ETF has a fee of 0.25%.
"Fidelity charges a fee of 0.25%."
FE
Pending
Grayscale's Ethereum Trust, launched in 2017, offers investors regulated exposure to Ethereum without direct ownership.
"The Ethereum Trust originally launched in 2017 with its primary purpose being to hold ETH and provide investors with exposure to the second largest crypto through a regulated financial instrument rather than direct cryptocurrency ownership."
ETHE
Pending
Grayscale's ETHE shares transitioned from private placement for accredited investors to availability for US retail investors in mid-2019.
"Initially, ETH E shares were only available through private placement to accredited investors, but were made available to retail investors in the US in mid209."
ETHE
Pending
Grayscale filed to convert its Ethereum Trust into an ETF in October 2023, following its court victory against the SEC.
"Gayscale first filed with the SEC to convert ETH into an ETF in October 2023, just a few months after it beat the regulator in court."
ETHE
Pending
Grayscale's Ethereum ETF started trading on July 23, 2024, with Coinbase as custodian.
"It began trading as an ETF on the 23rd of July 2024 with Coinbase again serving as custodian."
ETHE
Pending
Grayscale's Ethereum ETF has experienced significant outflows, counteracting inflows into other Ethereum ETFs.
"Grayscale spot Ethereum ETF performance has mirrored its Bitcoin ETF with significant outflows since launch and this has frustrated many investors as inflows into other spot Ethereum ETFs were largely offset by heavy ETH E outflows."
ETHE
Pending
Grayscale's Ethereum ETF holdings have decreased from over 2 million ETH at conversion to just over 570,000 ETH currently.
"At conversion, the fund held over 2 million ETH. Today it holds just over 570,000 ETH, about a quarter of the original amount with around 3.8 billion in AUM."
ETHE
Pending
Grayscale has launched the Ethereum Mini Trust with a 0.15% fee, making it a more cost-effective option than its larger Ethereum Trust ETF.
"Notably, Gayscale also created the Ethereum Mini Trust as a more costefficient alternative to the larger Ethereum Trust ETF with fees of just 0.15%."
ETH
Pending
The Ethereum Mini Trust offers the lowest fees among all Ethereum ETFs.
"And what's fascinating is that this actually means that the Ethereum mini trust has the lowest fees of any Ethereum ETF."
ETH
Pending
Grayscale currently lacks accessible spot crypto ETPs for EU and UK residents.
"Gayscale also doesn't have any spot crypto ETPS or any other product suitable for EU or UK residents, which is undoubtedly very frustrating."
ETHE
Pending
CoinShares offers a physical Bitcoin ETP under the ticker BITC.
"Alternatively, another example is Coin Shares physical Bitcoin ETP, which uses the ticker BITC."
BITC
Pending
The CoinShares Physical Bitcoin ETP has nearly $2 billion in AUM and a fee of 0.25%.
"At the time of shooting, it holds just under $2 billion in AUM and charges a fee of 0.25%."
BITC
Pending
21Shares provides an Ethereum staking ETP with the ticker AE.
"As for exposure to Ethereum, one example is 21 shares, which actually offers an Ethereum staking ETP that uses the ticker AE."
AE
Pending
The 21Shares Ethereum Staking ETP has over $450 million in AUM, a 1.52% staking yield, and a 1.49% fee.
"It holds over $450 million in AUM, offers a staking yield of 1.52% and charges a fee of 1.49%."
AE
Pending
Global regulatory differences will continue to impact the accessibility of cryptocurrency ETFs.
"due to the differences in crypto regulation around the world, crypto ETFs aren't available to everyone."
Cryptocurrency Regulation
Pending
UK retail investors will continue to be restricted from buying crypto ETFs and ETPs.
"If you're in the UK, uh the bad news is that unless you're a professional investor, you can't buy crypto ETFs or even crypto ETPS."
UK Crypto ETFs/ETPs
Pending
The FCA may lift the ban on retail investors in the UK purchasing crypto ETNs.
"Thankfully, the Financial Conduct Authority or FCA is currently considering lifting the retail ban on another type of exchangeraded product called an exchangeraded note or ETN."
UK Crypto ETNs
Pending
Several spot altcoin ETFs are in development or already active, in addition to Bitcoin and Ethereum ETFs.
"Beyond the spot Bitcoin and Ethereum ETFs covered here, several spot altcoin ETFs are also in development, some already active."
Altcoin ETFs
Pending
The introduction of altcoin ETFs could significantly boost the prices of their underlying cryptocurrencies.
"These could supercharge the prices of their respective cryptos."
Altcoin ETF Impact
Pending