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Just In: FTX’s Bankruptcy Estate Sold 22 Million GBTC Shares, Leading to $1 Billion GBTC Outflow
22.1.2024
FTX’s $1 billion sell-off of its GBTC shares was a major catalyst of the trust’s outflows after becoming a spot Bitcoin ETF. Image by Formatoriginal, Adobe Stock. The ongoing bankruptcy proceedings for crypto exchange FTX have led to major sell-offs from one of the largest bitcoin...
Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC
21.1.2024
Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer options on its spot bitcoin exchange-traded fund (ETF). The SEC has opened a comment period for a proposed rule change, filed by Nasdaq, to list and trade options...
Grayscale Selling Bitcoin But This Meme Crypto Explodes 20%
19.1.2024
Bitcoin (BTC) hit fresh lows for the year on Friday in the $40,200s, as concerns mount about Grayscale’s ongoing Bitcoin selling, but a meme crypto called Sponge ($SPONGE) has exploded another 20% higher. Grayscale is selling Bitcoin as traders dump is Grayscale Bitcoin Trust (GBTC), which just...
Bitcoin Bears Eye Break Below $40K – Here’s How Low the BTC Price Could Go
19.1.2024
Image Source: Adobe Bitcoin bears are eyeing a potential break below the psychologically important $40,000 level as post-spot Bitcoin ETF approval sell pressure ramps up and macro headwinds rise. The Bitcoin (BTC) price dipped as low as the $40,200s on Friday, though has since rebounded towards...
Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF
19.1.2024
Source: AdobeStock Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF). JUST IN: HONG KONG'S VSFG PLANS TO LAUNCH SPOT #BITCOIN ETF IN...
Grayscale CEO: Most of 11 Approved Bitcoin ETFs Won’t Survive + More Crypto News
19.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Grayscale CEO: Most of 11 Approved Bitcoin ETFs Won’t Survive Hong Kong Firm Set to Apply for Spot Bitcoin ETF ‘Bitmain is a Hidden Self-mining Giant’...
Expert Opinions: Massive Inflows to Follow Spot Bitcoin ETF Approval, Bull Market Questionable
19.1.2024
Talking with Cryptonews, three experts have shared their views on spot Bitcoin ETFs trading volumes. They discussed the initial price drop post-approval, how the US Fed and presidential election could affect the market, BlackRock’s marketing approach, the benefits and downsides of the new product...
South Korea urges financial regulator to reassess Spot Bitcoin ETF
19.1.2024
Spot Bitcoin ETF applications have seen the light at the end of the tunnel in the US. The US SEC gave a green light last week, paving the way for ETFs of other crypto tokens. Talks are buzzing around town that Ether ETF could be the next offering, triggering the likes of BlackRock to make …
Cathie Wood’s Ark Invest Buys Another $15M of its Spot Bitcoin ETF Shares
19.1.2024
Cathie Wood’s Ark Invest has continued to buy its own ARK 21Shares spot Bitcoin exchange-traded fund (ETF) worth $15 million. Cathie Wood and Ark Invest's trade activity from today 1/18 pic.twitter.com/zFT4XXbstM — Ark Invest Daily (@ArkkDaily) January 19, 2024 According to Ark Invest...
Circle CEO Jeremy Allaire at Davos Tokenization Panel: ‘It’s Coming on in a Significant Way’
19.1.2024
Jeremy Allaire, CEO of Circle, the stablecoin company, stated that tokenization adoption will keep growing after the spot Bitcoin ETF approval and the endorsement of Blackrock. He believes that financial companies might be issuing tokenized versions of their assets this year and criticized...
South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval
19.1.2024
South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy...
Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
19.1.2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin...
BlackRock’s New Bitcoin ETF Secures 25K BTC Holdings – Is Institutional FOMO Underway?
18.1.2024
BlackRock’s Bitcoin ETF launch has attracted both crypto experts and traditional investors, securing major holdings in its first week. Image by Luisa, Adobe Stock. BlackRock’s new spot Bitcoin ETF IBIT has attracted considerable interest from both retail and institutional investors...
Spot Bitcoin ETF Approval Was a Sell-the-News Event: CryptoQuant
18.1.2024
It has been a whole week since the U.S. Securities and Exchange Commission (SEC) approved Spot Bitcoin exchange-traded funds (ETFs) and unsurprisingly this has been a “sell-the-news” type of event. Many cryptocurrency traders decided to use this event as the perfect opportunity to sell...
Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...
$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
17.1.2024
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar...
SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — ‘This Was About Centralization’
16.1.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...
BlackRock Buys Over 13 Days of Bitcoin Production: A Sign of Supply Shortage?
15.1.2024
In its recent entry into the spot Bitcoin exchange-traded fund (ETF) market, BlackRock has purchased over 11,400 Bitcoins, prompting speculation of supply issues. According to InvestAnswers, BlackRock bought 11,439 Bitcoins following the official launch of their spot Bitcoin ETF. This amount...
Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review
14.1.2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S....