According to CoinShares, a digital asset management firm, withdrawals from Grayscale’s bitcoin ETF (GBTC) were higher than inflows into other funds, even if they slowed significantly during the last week. According to the research, the U.S. bitcoin ETFs experienced net inflows of only $1.8 billion, while GBTC suffered $2.2 billion
Following the approval of the first spot Bitcoin exchange-traded fund (ETF) in the U.S by the SEC, the first spot BTC ETF in Hong Kong allegedly landed at the SFC a few weeks later. According to Tencent News, one of the biggest fund managers in China, Harvest Hong Kong, applied
In response to the overwhelming interest in Bitcoin exchange-traded funds (ETFs) in the United States, new and exciting product possibilities are being evaluated. An exchange-traded fund (ETF) called YBIT, which uses a Bitcoin options income strategy, has been proposed by YieldMax to the U.S SEC. Around April 10, 2024, the
The crypto sector’s long-awaited desire was granted two weeks ago when the United States SEC permitted Bitcoin spot ETFs for trading. There was a lot of buildup to this historic event, and the eleven ETFs all had strong first-day trading volumes. Nevertheless, the market’s first response to this highly anticipated
Among the newly issued spot bitcoin products, BlackRock iShares Bitcoin ETF (IBIT) became the first on Friday to exceed $2 billion in assets under management (AUM). This does not account for Grayscale’s GBTC, which was a closed-end fund with approximately $30 billion in AUM until it became a spot ETF.
Jim Cramer, presenter of CNBC’s Mad Money, has once again offered Bitcoin investors advice, this time urging them to sell their assets. Despite falling below $38,000 earlier in the day, Bitcoin is again showing signs of optimism. After a day of gains of 0.91 percent, BTC was trading at $39,826
Approximately two weeks after the shares were made available for trading, asset management company Bitwise made public the Bitcoin addresses of its spot BTC ETF fund. Moreover, announcing that “anyone can verify” holdings for its Bitwise Bitcoin ETF (BITB) on the New York Stock Exchange Arca, the business made the
Tesla, the pioneering automotive giant led by Elon Musk, has disclosed that it retained its entire Bitcoin (BTC) reserves valued at $336 million throughout the fourth quarter of 2023, as confirmed in the company’s latest earnings report. The report detailed that Tesla neither bought nor sold Bitcoin during this period.
Mike McGlone, a senior commodity analyst at Bloomberg, predicts that Bitcoin would underperform the stock market in 2024 when adjusted for risk, while gold could emerge victorious. In spite of the optimistic talk around the impending Bitcoin halving and the recent approval of spot Bitcoin ETF, the biggest cryptocurrency may
As part of its attempts to reorganize after filing for bankruptcy in 2022, Core Scientific, a bitcoin mining corporation located in Texas, has stated that it would resume trading on Wednesday and return to Nasdaq. In a statement released on Tuesday, the firm said that it has successfully reduced $400
