Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall
Hong Kong is poised to greenlight Bitcoin Exchange-Traded Funds (ETFs) this month, marking a monumental shift in the global investment landscape. The impending approval by the Hong Kong Securities Regulatory Commission (SFC) comes hot on the heels of the U.S. Securities and Exchange Commission’s (SEC) decision to embrace Spot Bitcoin
On April 5, prominent global asset manager BlackRock added five major Wall Street companies as additional permitted participants to its Bitcoin exchange-traded fund (ETF) prospectus. An amendment to BlackRock’s S-1 registration statement with the U.S SEC states that new members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman
In a remarkable feat since their launch in January, nine out of the 10 new spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over 500,000 BTC, now constituting 2.54% of the current circulating supply. This milestone, achieved within a mere 54 trading days, underscores the growing significance of ETFs in
The Pyth Network has introduced its Bitcoin ETF Price Feeds to provide DeFi developers and consumers with real-time, reliable pricing data for 13 Bitcoin exchange-traded funds. For the cryptocurrency sector, the introduction of Bitcoin ETFs this year marked a major turning point. The world’s biggest cryptocurrency is now accessible to mainstream
A huge increase in trading volume occurred in VanEck’s fund less than seven days after the investment manager said it would be reducing the fee it charges for its spot bitcoin ETF. Eric Balchunas, a senior ETF analyst at Bloomberg, went to twitter to share his astonishment at the fund’s
Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level
IBIT, a Bitcoin exchange-traded fund (ETF) by BlackRock, has reached a historic milestone by holding 100,000 BTC under its management. It is the first Bitcoin ETF in the US to trade such a large amount of Bitcoin, indicating the growing institutional confidence in Bitcoin as an asset class. iShares Bitcoin
The finance industry is an ever-evolving landscape that experiences rapid changes. People can make or lose fortunes in a matter of moments. One such individual who has gained prominence in cryptocurrency is a trader who earned $54 million in profits following ETF approval. This trader has now revealed their latest
Since spot BTC ETFs were introduced in the US, one analyst has seen an uptick in bitcoin exchange-traded fund outflows from Europe. This change in the market, according to CoinShares Research Associate Luke Nolan, exemplifies a pattern in which American institutional traders are presumably shifting their focus to the newly
