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Ethereum ETFs Face Uphill Battle With SEC: Analyst Foresees Possible Delay Until 2025
13.5.2024
A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different regulatory considerations....
Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares
11.5.2024
Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of these shares stands at $121,207, a small fraction...
JPMorgan reports holding shares of several spot Bitcoin ETFs
10.5.2024
The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
10.5.2024
Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little change from the previous quarter, as stated in...
Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs
10.5.2024
The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot
GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs
10.5.2024
The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday, significant outflows from Grayscale’s Bitcoin...
Asset Manager Susquehanna Has $1.8 Billion Locked In Bitcoin ETFs
8.5.2024
A new SEC filing has uncovered Susquehanna as a billion-dollar owner of the new Bitcoin ETFs.
The post Asset Manager Susquehanna Has $1.8 Billion Locked In Bitcoin ETFs appeared first on Cryptonews
Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio
7.5.2024
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024
New South Korean leadership will press for BTC ETF trading
7.5.2024
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another
Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
7.5.2024
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows...
US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day
7.5.2024
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th as Grayscale's GBTC recorded a second consecutive positive day after seeing outflows for 78 days.
The post US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day appeared first on Cryptonews
Bitcoin distribution 'danger zone' over, analysts say
6.5.2024
Bitcoin’s post-halving "danger zone" is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
6.5.2024
The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETF in Hong Kong
Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week
6.5.2024
Hong Kong's newly launched spot Ethereum and Bitcoin ETFs accumulate about $2.73 million in assets under management in just one week, outperforming futures ETFs by 80%.
The post Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week appeared first on Cryptonews
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
5.5.2024
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices...
Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs
3.5.2024
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay.
The post Reps. Nickel and Flood Advocate for SEC Approval...
Standard Chartered Warns Bitcoin Price Could Fall to $50K
3.5.2024
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...
BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs
2.5.2024
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm's head of digital assets said