ChainCatcher news, Bloomberg ETF analyst Henry Jim posted on X that Grayscale has submitted an application for a Bitcoin Miners ETF, with the trading code/fee rate to be determined, and the effective date is January 27, 2025.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that after Trump's victory, the Ethereum ETF has emerged from the abyss of capital outflows, ultimately welcoming fresh air and net inflows.Data shows that the cumulative capital flow of the Ethereum ETF has turned from negative to positive.

ChainCatcher news, Bloomberg analyst Eric Balchunas posted on social media that the CFTC has just released a notice clearing the way for the listing of spot Bitcoin ETF options.This is the second obstacle that needs to be cleared after the SEC. Now we just need to wait for the OCC (Options Clearing Corporation) to list it.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media: "We need to adjust our predictions because just yesterday, Bitcoin ETFs devoured over 12,000 Bitcoins like a drunken Pac-Man, now holding 996,000 Bitcoins------there's a good chance of breaking 1 million today (as yesterday's huge trading volume may translate into significant inflows tonight). Reaching Satoshi's level by the end of November is a very promising goal."

ChainCatcher news, according to Decrypt, data shows that over the past four years, among the 1,800 ETFs that started trading, BlackRock's IBIT has seen the highest inflow of funds. Bloomberg ETF analyst James Seyffart believes that the rapid influx of funds is partly due to investors wanting to invest in Bitcoin for some time, but they lacked a safe or simple way to invest before the ETF was approved. Now that the ETF has started trading, this demand is quickly entering the market.He stated, "I think part of this is pent-up demand, but as people learn more, it's also new demand. Traditional financial institutions are also interested in these products—including hedge funds participating in futures trading. This helps improve flow and demand." He added that hedge funds have been going long on ETFs and then selling futures contracts.Meanwhile, the performance of Ethereum spot ETFs has been less than satisfactory. Farside data shows that so far, 9 ETFs have seen a cumulative net outflow of $491.9 million. However, this does not mean that demand will not rebound. Investors have put cash into other products, which may indicate that a turnaround is on the horizon.Seyffart added, "It's just that the outflows from Grayscale's ETHE have overwhelmed the inflows into other (Ethereum) ETFs at the moment."

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media, "The Bitcoin spot ETF IBIT launched by BlackRock performed exceptionally well last week, with new inflows reaching $1.1 billion, marking the best single-week performance since March, and surpassing VTI to rank third in the annual inflow leaderboard (this is simply incredible for new products launched later in the year, especially since the other products in the top five have been around for over 20 years and have assets exceeding $300 billion). IBIT has a managed asset size of $26 billion, ranking in the top 2% of all ETFs."

ChainCatcher news, Bloomberg analyst James Seyffart stated that exchange-traded funds (ETFs) are likely to launch in the United States in the first quarter of 2025.Seyffart mentioned during a panel discussion at the Permissionless conference on October 9: "I think it's possible that options could launch before the end of this year, but it's more likely to be in the first quarter of 2025."In September, the U.S. Securities and Exchange Commission (SEC) authorized Nasdaq to list options linked to the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT). They are awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).Seyffart stated: "Unlike the regulations from the SEC, the CFTC and OCC do not have strict deadlines, so they can delay further if they wish."

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on the X platform that the Solana ETF application submitted by CBOE failed to pass the second step in the SEC review process, and the SEC did not confirm it, leading to the application being "declared dead" directly. As a result, exchanges have withdrawn their 19b-4 applications, although the issuer's S-1 form remains valid. Unless there is a change in the SEC leadership, the chances of this application being approved are extremely slim.

ChainCatcher message, Bloomberg ETF analyst Eric Balchunas posted on the X platform that gold has finally been rewarded for its rich returns, with GLD rising 23% in the past 6 months, bringing in $2 billion, surpassing stocks. In other words, since the ETF was launched, it still lags behind Bitcoin, but by a small margin, possibly 500 basis points, and the gap is closing rapidly. Value storage is taking effect.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media: "I didn't expect that the U.S. Bitcoin spot ETF is likely to surpass Satoshi Nakamoto in October to become the largest entity holding Bitcoin. Just the ETF product launched by BlackRock is already the third largest holder of Bitcoin and is expected to become the largest holder by the end of next year, and it is very likely to maintain this position for a long time."

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media, "After the dust settled on Bitcoin's decline over the past two weeks (despite some price recovery), the total inflow of Bitcoin spot ETFs year-to-date has reached $19 billion, a record high, which still shows unexpectedly strong performance after considering all factors. This figure is the most important metric for measuring success, as it includes net price changes and GBTC unlocks."

ChainCatcher news, Bloomberg analyst James Seyffart stated that he believes Bitcoin ETF options will be launched in the fourth quarter of this year.

ChainCatcher news, Bloomberg crypto analyst Jamie Coutts stated on social media that since the unwinding of the yen arbitrage trades, Bitcoin has experienced significant price volatility. Coutts pointed out several key points:He underestimated the impact of the rapid rise in open interest (OI) and perpetual contract funding rates earlier this year;The neutral stance of the market before the unwinding of the yen arbitrage trades limited the extent of liquidations so far;Although Bitcoin prices may decline further, the reduction in open interest and negative funding rates suggest a higher likelihood of Bitcoin consolidating;Central bank intervention is expected soon, making Bitcoin appear attractive at current price levels.

ChainCatcher news, Bloomberg analyst James Seyffart stated on social media that it is currently only expected that the Grayscale Bitcoin Trust (BTC) will start trading tomorrow, but it still needs to obtain final approval from the U.S. Securities and Exchange Commission. The regulatory agency needs to confirm the validity of the related prospectus documents, and a result is expected to be given after today's market close, or shortly before or after the close.

ChainCatcher news, Bloomberg analyst Eric Balchunas stated on the X platform that the new Ethereum ETF will not be available for purchase on the Vanguard platform, which is not surprising considering the Bitcoin ETF ban.Here is the company's official statement: "While we continually evaluate our brokerage business offerings and assess newly launched products, the spot Ethereum ETF will not be available for purchase on the Vanguard platform. Our view is that these products, along with other crypto-related products, do not align with our offerings, as our offerings focus on asset classes such as stocks, bonds, and cash, which Vanguard believes are the cornerstones of building a balanced long-term investment portfolio."

ChainCatcher news, Bloomberg analyst Eric Balchunas released data on the X platform, stating that 90 minutes after the listing of the spot Ethereum ETF, the total trading volume reached $361 million, ranking 15th in ETF trading volume. Generally, it is rare to see the first-day trading volume of ordinary ETFs exceed $1 million, but all Ethereum ETFs have seen first-day trading volumes exceeding $1 million.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that the trading volume reached $112 million just 15 minutes after the launch of the spot Ethereum ETF. This is a huge number compared to a normal ETF issuance, but it is only about half of the trading volume of the Bitcoin ETF on its first day.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform stating, "BlackRock released a video of its U.S. thematic and active ETF head Jay Jacobs introducing Ethereum to the general public, noting that while many believe Bitcoin's main appeal lies in its scarcity, there are also many who believe Ethereum's appeal lies in its utility. You can think of Ethereum as a global platform for applications that run without the need for a decentralized intermediary."

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas responded on social media to The ETF Store president Nate Geraci's view that "issuers are expected to apply for a combination spot ETF of BTC, ETH, and SOL in the coming months," stating that this situation will indeed occur, but the potential is an unknown. The size of the precious metals basket ETF GLTR is $1 billion, which is already good, but still less than 1% of the asset size of gold ETFs.

ChainCatcher news, Bloomberg analyst James Seyffart stated that some Ethereum spot ETFs are expected to begin trading tomorrow. This means that a bunch of documents should be seen on the SEC website today, indicating that the ETF's prospectus has "gone effective," likely after the market closes or shortly before.