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Bitcoin Halving: Goldman Sachs Downplays Impact of ‘Buy the Rumor, Sell the News’
19.4.2024
Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by...
Bitwise: Bitcoin Halving Is a ‘Sell the News’ Event, Market Underestimates Long-Term Impact
19.4.2024
Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,”...
BlackRock ETF Closing in on Grayscale Market Share Despite Low Inflows
18.4.2024
Despite lower inflows, BlackRock's Bitcoin ETF (IBIT) is steadily gaining ground on Grayscale's GBTC in the battle for market share. With impressive growth since its launch and a more competitive fee structure, IBIT is attracting attention in the Bitcoin ETFs landscape. Could this signal a shift in ...
$10.5 Trillion Asset Manager Blackrock Explains Importance of Bitcoin Halving
18.4.2024
Blackrock, the world’s largest asset manager, has explained the importance of the Bitcoin halving. “One of the reasons some people find bitcoin valuable is its scarcity,” Blackrock explained, adding that the halving also “underscores Bitcoin’s decentralized...
Blackrock Closes in on Grayscale in the Battle for the ‘World’s Largest’ Bitcoin ETF
17.4.2024
U.S. spot bitcoin exchange-traded funds (ETFs) experienced three consecutive days of net outflows, with a loss of $58 million on Tuesday. Leading the outflow for the day was Grayscale’s GBTC. After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot Bitcoin ETF Market...
Crypto Investors are Moving Funds into This Virtual Reality Project Before it Lists on Exchanges – What Does it Do?
17.4.2024
As cryptocurrency markets dip amid growing macro headwinds and as sentiment wanes amid slowing spot Bitcoin ETF inflows, crypto investors are moving funds into an exciting new virtual reality project called 5thScape (5SCAPE) ahead before it lists on exchanges.
The post Crypto Investors are Moving...
Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
16.4.2024
The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust (GBTC)
Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs
16.4.2024
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25...
BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant
16.4.2024
BlackRock's Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows.
The post BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant appeared first...
First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim Approval
15.4.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for April 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds
15.4.2024
Hong Kong SFC has approved first spot Bitcoin and Ethereum ETF applications filed by China Asset Management, Harvest Global, Bosera Capital and HashKey Capital.
The post Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds appeared first on Cryptonews
Hong Kong Approves First Spot Bitcoin and Ethereum ETFs
15.4.2024
The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital,...
ETFSwap (ETFS) raises $750,000 in 3 days to bring Spot Bitcoin ETFs to the blockchain
14.4.2024
Spot Bitcoin ETFs have been all the rage recently in the investment world. Since their approval in January by the United States Security and Exchange Commission (SEC), BlackRock’s IBIT, along with the other 10 investment funds, have shot up in popularity to break trading records set by other...
US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility
14.4.2024
Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23...
Robert Kiyosaki Explains Why He Won’t Buy Bitcoin ETF
14.4.2024
Rich Dad Poor Dad author Robert Kiyosaki has explained why he won’t invest in a spot bitcoin exchange-traded fund (ETF). “Just as I own gold and silver coins and mines and own apartment houses, I do not own gold or silver ETFs,” he stressed. The famous author stated this week...
Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease
13.4.2024
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind...
$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC
13.4.2024
Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K...
Robert Kiyosaki Says No to Spot Bitcoin ETF Investments
12.4.2024
Prominent author of "Rich Dad, Poor Dad," Robert Kiyosaki, stated on April 12 that he would never participate in exchange-traded funds (ETFs) that track Bitcoin spot prices or in any other "Wall Street financial products."
The post Robert Kiyosaki Says No to Spot Bitcoin ETF Investments appeared...
Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday
12.4.2024
A recent report indicates that spot bitcoin exchange-traded funds (ETFs) are poised to receive approval from Hong Kong regulators as early as this Monday, as stated by “people familiar with the matter.” Harvest, Hashkey and Bosera ETFs Likely to Debut in Hong Kong Next Week Following...
Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg
12.4.2024
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter