Spot bitcoin exchange-traded funds (ETFs) in the United States witnessed a notable uptick in total net inflows, reaching nearly $66 million in a single day. This surge propelled the cumulative total net inflow of these products since their listings to an impressive $11.75 billion. Leading the charge was Fidelity’s offering,
A recent SEC filing by Bank of Montreal revealed the bank’s exposure to spot Bitcoin ETFs. A number of issuers’ spot ETF holdings were revealed by the bank in a recent disclosure. This follows the trend of conventional financial institutions purchasing Bitcoin ETFs. The fourth-largest bank in Canada, the Bank
The iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) for bitcoin owned by BlackRock, has surpassed all of its rivals in terms of the number of corporations that have invested in it. There are already 250 corporate investors of the BlackRock Bitcoin ETF, which began operations on January 11 after
Disclosures from major institutions and banks regarding their investments in spot Bitcoin ETFs have emerged after the first quarter ended. Noteworthy are the disclosures from industry giants such as JP Morgan and Wells Fargo on Friday. According to data, banking giant JPMorgan Chase holds spot Bitcoin ETFs issued by BlackRock,
Bitcoin bulls encountered rejection at the key resistance level of $64.5K, subsequently retreating to $62K. Within the past 24-hour trading window, the price of BTC dropped by 2.3%, hitting a low of $62,111. Due to this decline, the global crypto market witnessed a 1.3% drop in market capitalization. Meanwhile, the
The most recent research from Fidelity Digital Assets indicates that pension funds are becoming more open to the prospect of pursuing crypto asset investment exposure. At a London event, Fidelity Digital Assets VP Manuel Nordeste saw that investment committees of defined benefit plans and other pension funds are in the
With US nonfarm payrolls coming in substantially lower than predicted, raising the possibilities of a dovish stance by the Fed, the price of Bitcoin soared quickly after the announcement of the data on May 3, Friday. The seven-day losing streak for US Bitcoin ETFs came to an end as a
A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or
Bitcoin’s (BTC) price took a significant hit, dipping below the $60,000 mark and settling around $57,000 amidst concerns of further decline. The downturn was worsened by substantial outflows from US spot Bitcoin ETFs, exceeding $500 million on May 1st. This sell-off intensified following the Federal Reserve’s (Fed) announcement, led by
As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like
