U.S. investing behemoth Vanguard’s new CEO has said that the firm would not be launching a spot Bitcoin (BTC) exchange-traded fund. An interview with Salim Ramji, the new CEO of Vanguard and a former head of BlackRock’s global ETF division, was published in Barron’s on May 15. Ramji said that
The price of Bitcoin has kindled optimism in the market by drawing in waves of upsurge since yesterday. The leading cryptocurrency crossed over the $61K mark, revisiting its bullish trends from late April. After sustaining around the $61K-$62K range for days, the prices climbed steadily on May 15 finding support
In a recent disclosure to the United States Securities and Exchange Commission (SEC), Millennium Management, a prominent global investment management firm, unveiled its substantial investment in spot Bitcoin Exchange Traded Funds (ETFs). According to the filing, Millennium’s Bitcoin ETF holdings make up 3% of its $64 billion fund as of
Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the
Amidst a struggling crypto market, bitcoin whales have made astounding movements. In the early hours of May 15th, a whale transferred 7999 BTC from Coinbase to an unknown new wallet. The whale movement of Bitcoin worth $494 million at the time of writing has raised questions on strategy among investors.
El Salvador continues to solidify its position as a leading Bitcoin-centric nation, showcasing impressive strides in both Bitcoin mining and green energy initiatives. Recent reports indicate that the country has significantly bolstered its Bitcoin reserves, with the latest figures revealing a substantial increase. According to records, El Salvador has mined
The first quarter of 2024 was a record-breaking one for European asset management CoinShares, thanks to the rebound in markets after the introduction of Bitcoin ETFs. The period’s revenue for the firm was 19.5 million pounds ($24.5 million), up 216% from the first quarter of 2023. There was a total
Michael Novogratz, CEO of Galaxy Digital, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call. Following last week’s corrections that saw Bitcoin’s price
Investments in Grayscale and BlackRock’s spot Bitcoin exchange-traded funds were disclosed by the State of Wisconsin Investment Board (SWIB). The entity in charge of the management of the state trust funds in Wisconsin revealed in a filing with the U.S SEC on May 14 that it owned over 2.4 million
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,
