ChainCatcher news, Li Yilin, Senior Vice President of Sales and Product Strategy at Southern Eastern Asset Management, revealed that the mainstream investment market is increasingly accepting virtual asset-related products. Currently, the asset scale of Southern Eastern's Bitcoin futures ETF has surpassed 1 billion Hong Kong dollars. Additionally, the market is closely anticipating the listing of a spot Ethereum ETF in the United States, which is expected to drive up virtual asset prices. Southern Eastern has observed a continuous inflow of funds into its Bitcoin futures ETF and Ethereum futures ETF.

ChainCatcher news, ARK Invest sold 14,663 shares of the ARK 21Shares Active Bitcoin Futures ETF (ARKA) on May 20, at a closing price of $66.8, worth approximately $980,000.

ChainCatcher news, Brian Roberts, the head of securities product development at the Hong Kong Stock Exchange, stated that following the approval of virtual asset futures ETFs for public offering in Hong Kong by the Securities and Futures Commission on October 31, 2022, three virtual asset futures ETFs investing in Bitcoin and Ethereum futures have been listed on the Hong Kong Stock Exchange. Since their launch, these ETFs have been favored by investors, with active trading and an average daily trading volume increasing from HKD 8.9 million in 2023 to HKD 51.3 million in the first quarter of 2024, while also attracting HKD 529 million in capital inflow. By the end of March 2024, the total market capitalization reached HKD 1.2 billion, a year-on-year increase of 255%.In December 2023, the Hong Kong Securities and Futures Commission announced the allowance for the listing of virtual asset spot ETFs, further enhancing Hong Kong's status as a cryptocurrency hub, making the Hong Kong Stock Exchange the first exchange in Asia to permit the listing of such products. (Hong Kong Economic Journal)

ChainCatcher news, according to The Block, Tidal Investments and Hashdex Asset Management announced on Tuesday that they will trade their Bitcoin spot ETF in the United States and rename the Hashdex Bitcoin Futures ETF to Hashdex Bitcoin ETF (DEFI).The two companies stated in a press release that the ETF will be renamed DEFI as its trading code, corresponding to its conversion to allow the ETF to hold spot Bitcoin and track a new benchmark index, effective March 27.The ETF is expected to invest at least 95% of its fund assets in spot Bitcoin, with up to 5% of the remaining assets invested in Bitcoin futures contracts traded on the CME and cash or cash equivalents.According to information on the Hashdex website, as of March 27, the total net assets of the fund amount to $11.16 million.

ChainCatcher news, investment management company AdvisorShares disclosed information about new strategies, risks, etc., to the U.S. Securities and Exchange Commission (SEC), allowing the AdvisorShares Gerber Kawasaki ETF to gain up to 5% exposure to Bitcoin by investing in other ETFs that invest in Bitcoin futures contracts traded on U.S. exchanges.

ChainCatcher news, according to a report by CoinDesk, since the U.S. began trading the spot Bitcoin ETF (Exchange-Traded Fund), the trading volume of the ProShares Bitcoin Strategy ETF (BITO) has plummeted by 75%.BITO is a futures-based ETF, and since the U.S. listed the spot Bitcoin ETF on January 11, its trading activity has significantly cooled down. On January 11, BITO's trading volume on the New York Stock Exchange reached a record $2 billion, but by Thursday, the trading volume was just over $500 million. Meanwhile, BITO experienced a net outflow of over $270 million during this period.

ChainCatcher news, a spokesperson for Vanguard Group, the world's second-largest asset management company, stated in an interview with Axios that, in addition to being unable to purchase spot Bitcoin ETFs on the Vanguard platform, Vanguard will no longer accept purchases of cryptocurrency products, including Bitcoin futures ETFs.This change allows Vanguard Group to focus on providing a core set of products and services, aligning with its commitment to meet the needs of long-term investors.

ChainCatcher news, according to The Block, the trading volume of Bitcoin futures ETF reached $2 billion yesterday, setting a new historical high.Among them, the trading volume of ProShares Bitcoin Strategy ETF was $1.97 billion, accounting for 97% of the total trading volume.

ChainCatcher news, Bloomberg analyst Eric Balchunas tweeted that ARK sold its entire remaining GBTC position (which was the largest holding in ARKW a month ago) and used about half of the funds, around $100 million, to purchase BITO, "likely as a liquidity transition tool."

ChainCatcher message indicates that according to the official document number SR-NYSEARCA-2023-84 from the U.S. Securities and Exchange Commission (SEC), the New York Stock Exchange Arca (NYSE Arca) submitted a proposed rule change on December 1, 2023. This change aims to modify certain statements regarding the Hashdex Bitcoin Futures Fund, which is currently listed and traded on NYSE Arca under Rule 8.200-E. The SEC has approved this rule change, emphasizing that it will not have a significant impact on investor protection or the public interest, and will not impose unnecessary or inappropriate burdens on competition. The change reflects organizational and administrative changes implemented due to restructuring but does not alter the investment objectives of the ETF.It is reported that this rule change mainly involves the details of restructuring the Hashdex Bitcoin Futures Fund into the Hashdex Bitcoin Futures ETF, which will be one of the series of Tidal Commodities Trust I. After the restructuring, the assets and liabilities of the original fund will be transferred to the new ETF, and the shareholders of the original fund will automatically become shareholders of the new ETF, holding new ETF shares equal to the original fund's net asset value (NAV).

ChainCatcher news, ProShares' Bitcoin Strategy ETF (BITO) reached an asset under management (AUM) of $1.47 billion this week, setting a new high since December 2021.

ChainCatcher news, Bloomberg analyst James Seyffart posted on social media that the asset management company Hashdex has submitted an updated Bitcoin futures ETF prospectus to the SEC. The ETF will trade on NYSE Arca under the ticker DEFI. According to the current investment objective, the fund will not hold, purchase, or otherwise own any Bitcoin.Previous report, at the end of September, the SEC officially received Hashdex's applications for the Bitcoin ETF and Ethereum ETF, and listed them on its official website.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that the ProShares Bitcoin Futures ETF (BITO) had a trading volume of $1.7 billion last week, marking the second-largest trading week since its launch; GBTC had a trading volume of $800 million last week.

ChainCatcher news, according to the Hong Kong Economic Journal, as the spot Bitcoin price rises above $35,000, two Bitcoin futures ETFs listed in Hong Kong: the Southern Eastern Bitcoin Futures ETF and the Samsung Bitcoin Futures Active ETF have both reached new highs since their listing, with increases of over 15%. Among them, the Southern Eastern Bitcoin Futures ETF hit a peak price of 14.9 HKD yesterday, closing at 14.52 HKD, with an increase of 16.72%; the Samsung Bitcoin Futures Active ETF reached a peak price of 14.28 HKD, closing at 13.95 HKD. In addition, the trading volume of the Southern Eastern Bitcoin Futures ETF has reached 176 million HKD, exceeding the ETF's market value of approximately 158 million HKD.

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on social media that Bitwise has just submitted its updated prospectus for the equal-weight Bitcoin and Ethereum futures ETF.It is reported that this ETF may be launched next week alongside VanEck's ETF, with an expense ratio of 0.85% and a trading code of BTOP.

According to ChainCatcher news, as reported by CoinDesk, the U.S. SEC has approved Valkyrie's conversion of its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will officially take effect on October 3, while the code remains BTF.A spokesperson stated that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to Ethereum futures contracts, making it the first ETF in the U.S. to offer exposure to both Ether and Bitcoin futures contracts.Additionally, the spokesperson mentioned that the Valkyrie Ethereum Futures ETF was the first to receive approval because it supplemented the prospectus and updated the risk disclosures related to Ethereum futures.

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on social media that the crypto asset management company Valkyrie has updated the effective date of its leveraged Bitcoin futures ETF filing, which is expected to launch on October 20, 2023.The application was initially submitted on May 15, 2023, and the ETF will actively manage a 100-200% long exposure to Bitcoin.

ChainCatcher news, Bloomberg ETF analyst James Seyffart tweeted that the crypto asset management company Hashdex has applied to hold spot Bitcoin in its Bitcoin futures ETF.Seyffart pointed out that, to some extent, this move is an attempt to circumvent the Coinbase SSA, only engaging in a specific type of trade EFRP—essentially exchanging futures for equivalent spot exposure, rather than purchasing directly from the exchange with cash.