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StanChart launches bitcoin, ether spot trading for institutional clients - The Economic Times

Economic Times

Economic Times · 1m ago

StanChart launches bitcoin, ether spot trading for institutional clients - The Economic Times

Standard Chartered has launched spot trading for bitcoin and ether through its UK branch, catering to institutional clients like corporates, investors, and asset managers. This move is to meet the growing demand for crypto assets. As the first global systemically important bank to offer secure, regulated, scalable access to bitcoin and ether spot trading, StanChart plans to introduce non-deliverable forwards trading soon. The initiative ensures digital asset trading within regulatory requirements.

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Related News

Global crypto platform Mudrex launches US bitcoin ETFs for Indian investors

Economic Times

Economic Times · 1y ago

Global crypto platform Mudrex launches US bitcoin ETFs for Indian investors

Y Combinator-backed crypto investment platform Mudrex has launched its US bitcoin Spot ETFs in India. The platform allows both institutional and retail investors to invest in Bitcoin spot ETFs with a minimum of $5,000 and a maximum of $250,000. Users can choose between individual spot ETFs, create personalized baskets, or opt for pre-listed options based on market capitalization. Mudrex initially listed four spot ETFs: BlackRock, Fidelity, Franklin Templeton, and Vanguard. The move comes after the US Securities and Exchange Commission approved the first-ever US-listed ETFs that track the price of bitcoin.

Crypto token ether could rise five-fold by 2026-end: StanChart

Economic Times

Economic Times · 1y ago

Crypto token ether could rise five-fold by 2026-end: StanChart

According to Standard Chartered, the global bank, the value of Ether, the second-largest cryptocurrency, may increase by more than five times by the end of 2026. They predict Ether could reach $8,000 in the next two years due to its growing usage in blockchain-based smart contracts, gaming, and asset tokenization. The valuation estimate assumes future use cases and revenue streams that may not have emerged yet, indicating long-term growth potential. Ether is currently trading around $1,575.

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next?

Livemint

Livemint · 1y ago

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next?

Several Wall Street firms, including BlackRock and Fidelity Investments, have filed applications to launch the first US-listed exchange-traded funds (ETFs) holding ether, the second-largest cryptocurrency. A spot ether ETF, if approved by the Securities and Exchange Commission, could open the floodgates for ETFs backed by more speculative crypto assets. However, critics have expressed concerns over the volatility and potential price manipulation associated with these assets. The SEC has until May to approve or reject the first application for a spot ether ETF, with analysts suggesting approval is possible given the recent approval of spot bitcoin ETFs.

Ether fettered by fate of spot ETF proposals

Economic Times

Economic Times · 1y ago

Ether fettered by fate of spot ETF proposals

The second-largest cryptocurrency, ether, has struggled to keep up with the growth of bitcoin. While ether has seen an increase of around 53% in the first three months of the year, bitcoin has grown by 65%. Despite a recent technical upgrade, ether has not seen the same level of enthusiasm from investors as bitcoin. The approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission is seen as crucial for ether's future growth. However, there is uncertainty surrounding ether's legal status, and some believe the SEC will proceed cautiously. Nonetheless, there is growing interest in the Ethereum blockchain, which powers various applications in the crypto space.

US regulators could approve spot ether ETFs for launch by July 4

Economic Times

Economic Times · 1y ago

US regulators could approve spot ether ETFs for launch by July 4

The U.S. Securities and Exchange Commission (SEC) may approve exchange-traded funds (ETFs) tied to the spot price of Ethereum (ether) by July 4, according to industry executives. BlackRock, VanEck, Franklin Templeton, and Grayscale Investments are among the asset managers seeking SEC approval. The process of amending the offering documents is reportedly in its final stages, with minor issues being resolved. The launch of spot bitcoin ETFs in January was highly successful, but analysts expect muted interest in the upcoming ether ETFs due to differences in market size and investor demand. Once approved, the products could start trading in as little as 24 hours.

Bitcoin back on the rise after vaulting to new record

Reuters · 1y ago

Bitcoin back on the rise after vaulting to new record

Bitcoin rallied again, reaching an intraday peak of $66,540 during Asian trading hours. This comes just a day after it set a new all-time high of $69,202. The surge in bitcoin's value has been fueled by increased investment in U.S. spot exchange-traded crypto products and expectations of lower global interest rates. The approval of 11 spot bitcoin ETFs by the U.S. SEC in January has also contributed to the positive sentiment, with institutional investors now showing interest in the cryptocurrency. However, the volatile nature of bitcoin is still a concern for some investors.

US SEC further delays decision on BlackRock's spot ethereum ETF

Economic Times

Economic Times · 1y ago

US SEC further delays decision on BlackRock's spot ethereum ETF

The US Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock's application for the iShares Ethereum Trust. BlackRock, a prominent asset manager, filed its application for a spot ethereum exchange-traded fund (ETF) in November of last year. The ETF would be listed on Nasdaq if approved. Ether, the second-largest cryptocurrency, has seen increasing interest from institutional investors. The SEC previously delayed its decision on BlackRock's application in January, following the approval of several bitcoin ETFs. A spot crypto ETF allows investors to gain exposure to a digital asset's market price without purchasing the currency itself.

Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut - The Economic Times

Economic Times

Economic Times · 1m ago

Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut - The Economic Times

The Ether Machine, backed by major crypto investors, plans to raise over $1.6 billion through a Nasdaq debut after merging with Dynamix Corporation. This venture will hold over 400,000 Ether, becoming a significant public vehicle for institutional Ethereum exposure. Amid growing interest in cryptocurrencies, this move underscores a trend towards integrating crypto assets into corporate balance sheets. The company will trade on Nasdaq under "ETHM" by late 2025, as institutional interest in Ethereum rises.

Hong Kong's largest bitcoin ETF assets up five-fold since October

Economic Times

Economic Times · 1y ago

Hong Kong's largest bitcoin ETF assets up five-fold since October

The largest bitcoin futures exchange-traded fund in Hong Kong has seen its assets under management soar to over $100 million in the past five months. The CSOP Bitcoin Futures ETF has experienced significant demand, fueled by the approval and launch of spot bitcoin ETFs in the US. The rally in bitcoin and its outperformance of Hong Kong stocks have also contributed to the increased interest. The CSOP Ether Futures ETF has also seen its assets double this year, while average daily turnover for the CSOP Bitcoin Futures ETF has surged to $2.8 million. There are expectations that Hong Kong may approve the first spot bitcoin ETF this year.

Peter Thiel's Founders Fund invested $200 million in crypto before bull run

Economic Times

Economic Times · 1y ago

Peter Thiel's Founders Fund invested $200 million in crypto before bull run

Venture capital firm Founders Fund, founded by Peter Thiel, has reportedly invested $200 million in bitcoin and ether, marking Silicon Valley's renewed interest in cryptocurrency markets. The move reflects institutional investors' return to token investments after the crypto market crash in 2022. Founders Fund previously invested in bitcoin in 2014, liquidating it before the crash and earning significant returns. The fund purchased bitcoin and ether last summer and continued acquiring over several months. The current investment comes as bitcoin price reaches $50,000, though still below its peak in November 2021.

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