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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
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...
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
2.5.2024
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect...
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
1.5.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves...
Bitcoin Posts Worst Month Since FTX Collapse Amid Ebbing ETF Euphoria
1.5.2024
Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried's FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane.
The post Bitcoin Posts Worst Month Since FTX Collapse Amid Ebbing ETF Euphoria appeared first on Cryptonews
HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US Levels
30.4.2024
Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their U.S. counterparts, which had attracted a much larger sum of $4.6 billion on their initial...
Hong Kong Launches Asia’s First Spot Bitcoin and Ethereum ETFs
30.4.2024
The Hong Kong Stock Exchange debuts three spot Bitcoin ETFs and three spot Ethereum ETFs as Asia’s first spot virtual asset ETFs, offering more choices for investors.
The post Hong Kong Launches Asia’s First Spot Bitcoin and Ethereum ETFs appeared first on Cryptonews
China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to ‘Exceed’ US Debut
30.4.2024
With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthusiasm seen in the U.S. following the approval of 11 spot bitcoin ETFs on Jan....
Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase
30.4.2024
Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter,...
Crypto investment funds see $435M outflow as bull market stalls amid rising inflation concerns
29.4.2024
Concerns over rising inflation and flat spot Bitcoin ETF inflows could be factors in the $435 million outflow from crypto investment funds last week
Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg
29.4.2024
The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter
Australia’s top exchange may approve spot Bitcoin ETFs this year: Report
29.4.2024
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew
Australia Set to Approve First Spot Bitcoin ETFs by Year’s End 2024
29.4.2024
Investors in Australia could soon have a new way to gain exposure to Bitcoin, as the country is poised for a surge of spot Bitcoin exchange-traded funds.
The post Australia Set to Approve First Spot Bitcoin ETFs by Year’s End 2024 appeared first on Cryptonews
Fidelity’s spot bitcoin ETFs witnessed high outflows for once
26.4.2024
As per SoSoValue data, for once, the spot bitcoin exchange-traded fund of Fidelity witnessed day-to-day net inflows reaching $22.61 million following its January registration. More US bitcoin funds entered the scene, announcing daily withdrawals totaling $27.58 million. The converted ETF from...
Morgan Stanley to Broaden Availability of Spot Bitcoin ETFs: Report
26.4.2024
Morgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global...