Bitwise Asset Management is making waves with its latest proposal: an Exchange-Traded Fund (ETF) focused on companies embracing Bitcoin in a big way. The new fund, named the “Bitwise Bitcoin Standard Corporations ETF,” aims to offer investors exposure to firms that have adopted the “Bitcoin standard” by holding significant BTC
The global crypto market has seen many developments and twists in 2024 from Bitcoin ETF approval to Bitcoin’s long-awaited target of $100K achievement. In this article we will explore the significant event which has poured more excitement in the market boom. January: The SEC Approves Bitcoin ETFs The U.S. SEC
As of June 5, 2024, investment institutions collectively hold 879,191 BTC, underscoring robust confidence in Bitcoin amid significant movements in the ETF market. Adding on, U.S. spot Bitcoin exchange-traded funds (ETFs) have seen an unprecedented 18-day streak of positive net inflows, totaling $217.78 million. BlackRock’s IBIT ETF led the surge,
Bitcoin dominates the crypto market and is often considered digital gold. It seems primarily to be a digital store of value and is trying new dimensions to transform its functionality and appeal. After the halving and approval of ETFs, what will further lead to the value of BTC is the
Hong Kong is poised to launch its first spot of Bitcoin ETFs tomorrow, April 30. While anticipation runs high, questions linger about whether these ETFs can emulate the success witnessed in the US market. Spearheaded by leading asset managers HashKey Capital and Bosera, the imminent launch underscores Asia’s growing influence
Recent developments in Bitcoin exchange-traded funds (ETFs) have captured the attention of both seasoned investors and newcomers alike. A surge in trading volume, reaching a staggering $3.24 billion, has underscored a profound shift in investor sentiment toward the cryptocurrency market. The growing popularity of spot Bitcoin ETFs signals a departure
Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for
In a surprising turn of events, Vanguard, the $7.7 trillion asset management giant, has announced that it will not be participating in the newly approved Spot Bitcoin ETFs, diverging from the trend set by other major firms. The decision comes on the heels of the US Securities and Exchange Commission’s
Bitcoin Cash, the junior of the powerhouse Bitcoin, is currently experiencing a bullish trend. Today, its price has surged by 30%, reaching an all-time high for this year at $298. This significant increase in price can be continued with the constant upward movement of Bitcoin Cash in recent weeks, with
In a significant move, Fidelity, the American multinational financial services corporation, is reportedly making strides towards submitting a spot Bitcoin Exchange Traded Fund (ETF) filing. This step demonstrates a potentially transformative moment in the global crypto market’s evolution. Additionally, financial analysts argue that launching a spot Bitcoin ETF could revolutionize
