Within one week of its inception, Fidelity Investment’s spot Bitcoin (BTC) ETF has amassed more than $1 billion in assets under management (AUM), making it the second ETF provider to achieve this feat. According to Bloomberg data, Fidelity’s Wise Origin Bitcoin Trust hit this mark on its fifth trading day,
The United States SEC acknowledged the application for options trading on spot Bitcoin ETFs within three days of its filing. The 19b-4s asking for authorization to trade options on spot Bitcoin ETFs have been acknowledged by the U.S. SEC, according to Bloomberg’s senior ETF analyst James Seyffart. The standard procedure
The cryptocurrency market was buzzing with the rapid rise and fall of SatoshiVM (SAVM), an Ethereum-based token, as an anonymous trader turned a $681,000 investment into a significant profit of over $6.77 million within three hours of the token’s launch. Taking advantage of the hype surrounding the new Layer 2
Michael Sonnenshein, CEO of Grayscale Investments, defends the market-leading 1.5% fee of the Grayscale Bitcoin Trust ETF (GBTC) despite concerns. Even though the U.S. SEC recently approved many Spot Bitcoin ETFs, Sonnenshein boldly claims that the majority of them will fail, casting doubt on their dedication to the asset class
With its newly launched spot Bitcoin ETF, ARK Invest is continuing its migration away from the ProShares Bitcoin Strategy ETF (BITO). With the sale of 758,915 BITO shares for almost $15 million via its ARK Next Generation Internet ETF (ARKW) on January 18th, the business made a disclosure. ARK Invest
Smart investors are always looking for ways to mix up their investments and make the most money. One big investor, who already owns a whopping $150 million in Bitcoin, is making news. They’re showing a strong interest in Ethereum (ETH) and Retik Finance (RETIK) for 2024. This isn’t just moving
The year 2023 was a significant one for the cryptocurrency industry, witnessing tremendous growth as the total market capitalization of all tokens more than doubled from $850 billion to over $1.7 trillion. While cryptocurrencies like Bitcoin (BTC) experienced substantial gains, not all tokens followed suit. Shiba Inu (SHIB), a meme
According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast
Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC. In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a
With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:
