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9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion
29.1.2024
Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024....
3 Blockchain Innovations: Cryptos Leading the Tech Wave in 2024
29.1.2024
As crypto markets rebound in a risk-on macro-environment, blockchain innovations are at the pioneering edge of the emerging tech wave, and now investors are scrambling to discover the best cryptos in 2024. Indeed, the approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC)...
Coinbase Grapples with Regulatory Challenges, Analysts Forecast Volatility Ahead
29.1.2024
Bitcoin’s recent decline of more than 10% following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has not only impacted the crypto market but also raised concerns for companies like Coinbase, according to an analyst. Coinbase stock pricing has shown...
Analysts Foresee a Bitcoin ETF Offering by Charles Schwab – Trillions to Enter the Market?
29.1.2024
Charles Schwab, a financial giant with $8.5 trillion in assets, has analysts speculating about the possibility of the company entering the spot Bitcoin (BTC) exchange-traded fund (ETF) market. While Charles Schwab currently offers third-party spot Bitcoin ETFs, analysts believe the company might...
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
29.1.2024
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox
Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong
29.1.2024
The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26. This marks the first submission of its kind in Hong Kong, Tencent News reported on Monday. The Securities and Futures Commission (SFC) is said to be expediting approval...
Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum
29.1.2024
The much-awaited approval of spot-bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia
Vanguard Says No to Bitcoin ETFs — Views Crypto as ‘Immature Asset Class’ With ‘No Inherent Economic Value’
29.1.2024
Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow,...
JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades
28.1.2024
Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind us,” the bank’s analyst explained....
Analysts Suggest Financial Giant Charles Schwab Poised to Shake Up Bitcoin ETF Market With Potential Late Entry
27.1.2024
In the wake of a noteworthy 11-day period during which U.S.-centered spot bitcoin exchange-traded funds (ETFs) amassed a trading volume totaling $25.36 billion, discussions have emerged about the potential involvement of Charles Schwab, the American multinational financial services corporation....
$867 Million Erased — Grayscale’s GBTC Experiences Record 20,803 Bitcoin Reduction in 24 Hours
27.1.2024
Recent data from Grayscale’s GBTC spot bitcoin exchange-traded fund reveals a significant reduction in its holdings, with 20,803.83 bitcoin, valued at $867.98 million, being withdrawn from the fund’s reserves. This substantial outflow, occurring over the past 24 hours, marks the most...
SEC Delays Spot Ethereum ETF Decisions
27.1.2024
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world’s largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its existing Ethereum Trust into a spot ETF. Spot...
9 Newly Launched Bitcoin ETFs Amass 132,170 BTC With Blackrock and Fidelity Commanding 70% of Total Holdings
26.1.2024
At 10:30 a.m. Eastern Time (ET) on Friday, Grayscale’s GBTC reported a decrease of 10,871.56 bitcoin from its holdings compared to Thursday. In contrast, since its inception on Jan. 11, 2024, Blackrock’s IBIT has accumulated a total of 49,952.32 bitcoin worth $1.98 billion....
Ethereum Leads Weekly Altcoin Losses as Wider Market Sell-Off Continues
26.1.2024
The crypto market remains in the red zone with altcoins and pack leader Ethereum (ETH) posting losses two weeks after the approval of spot Bitcoin (BTC) ETF by the United States Securities and Exchange Commission (SEC). On-chain data shows the price of several crypto assets trading at monthly lows....
Bitcoin Spot ETFs Witness Highest Single-Day Outflows as GBTC Continues to Bleed
25.1.2024
Bitcoin spot ETFs have experienced a significant net outflow of $159 million, marking the largest single-day total net outflow since their launch. Data from analytics platform Alpha shows that out of all the spot Bitcoin ETFs, Grayscale ETF (GBTC) has seen the most substantial net outflows, with...
Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation
25.1.2024
Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC...
Bitwise Leads the Way as First US Bitcoin ETF to Publicly Disclose Wallet Address
25.1.2024
On Wednesday, Jan. 24, 2024, Bitwise, a leading digital asset manager, made a groundbreaking announcement as the first U.S. spot bitcoin exchange-traded fund (ETF) to reveal its bitcoin wallet address. Emphasizing its commitment to transparency, Bitwise stated, “proud to walk the walk with...
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address
24.1.2024
Crypto asset manager Bitwise on Wednesday became the first of the ten spot bitcoin exchange-traded fund (ETF) issuers to share its digital wallet address with the public
GBTC Sees Over 80,000 Bitcoin Leave in 12 Days While Rival ETFs Amass 118,000 BTC
24.1.2024
Statistics reveal that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s total of 536,694.93 bitcoin. Over the last day, the fund experienced an outflow...
“We Squandered a Decade of Opportunities To Do Our Job,” SEC Commisioner Says
24.1.2024
The Commissioner of the United States Securities and Exchange Commission (SEC), Hester Peirce, seemed to express remorse over the federal agency’s handling of spot Bitcoin ETF approvals in a recent interview. Peirce says Ethereum ETF will not follow suit “We squandered a decade...