In a notable development highlighting the increasing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to spot Bitcoin ETFs. The US Securities and Exchange Commission (SEC) approved the regulated index funds in January, allowing institutions like Wells Fargo to invest in the largest […]
One of the issuers of spot Bitcoin exchange-traded funds (ETFs) in the US, WisdomTree, has announced the expansion of its WisdomTree Prime app to users in New York. Expanded Custody And Stablecoin Services This development closely follows WisdomTree’s recent achievement of a New York State Department of Financial Services (DFS) charter, granting the company the […]
Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency investment vehicle, has experienced a notable influx of investor funds for the first time since the January approval of US spot Bitcoin exchange-traded funds (ETFs). Grayscale Bitcoin Trust Bounces Back With Inflows Data compiled by Bloomberg reveals that on May 3, Grayscale’s Bitcoin Trust received approximately $63 […]
According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans, are increasingly inclined to invest in crypto assets, including Bitcoin. The survey covered various institutional investor segments, including financial advisors, family offices, hedge funds, endowments, foundations, and pension funds. Institutional Investors Dominate Crypto Adoption The survey findings indicate a significant […]
The US Congress could catalyze a more significant shift than introducing spot Bitcoin ETFs. Bitwise Chief Investment Officer Matt Hougan’s view underscores a pivotal moment for the crypto industry. Hougan suggests that 2024 could see “groundbreaking” legal frameworks that pave the way for mainstream stablecoin adoption, which might profoundly impact the crypto ecosystem. A Legislative Leap […]
Market expert and researcher Jim Bianco recently voiced cautionary remarks regarding the alleged risks of spot Bitcoin ETFs. Bianco’s insights shed light on these ETFs’ implications for the market and address specific concerns related to investor behavior. Minimal Involvement In New Bitcoin ETFs? In a thought-provoking social media post on X (formerly Twitter), Bianco emphasized his […]
First Time In 71 Days: BlackRock’s Bitcoin ETF ‘IBIT’ Registers Zero Inflows | Bitcoinist.com
Categories
Bitcoin, bitcoin ETF, Bitcoin ETF Hong Kong, Bitcoin ETF Market, Bitcoin ETF news, bitcoin ETFs, Bitcoin Funding Rate, bitcoin funding rates, Bitcoin News, bitcoin price, BlackRock Bitcoin ETF, btc, btc price, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency
In a noteworthy development for the Bitcoin (BTC) market, BlackRock’s Bitcoin ETF, under the ticker name IBIT, has experienced a significant shift in trading dynamics. After an impressive streak of 71 consecutive days of inflows, IBIT recorded zero inflows during Wednesday’s trading session, marking the first time in nearly three months. Turning Point For BlackRock’s […]
In a significant development for the Bitcoin (BTC) market, Hong Kong is poised to witness the commencement of trading for several spot Bitcoin ETFs on April 30th. This milestone follows the successful approval and subsequent trading of Bitcoin ETFs in the United States earlier this year under the regulatory purview of the Securities and Exchange […]
BlackRock’s Bitcoin ETF Nears New Record With 69-Day Inflow Streak | Bitcoinist.com
Categories
Bitcoin, bitcoin ETF, Bitcoin ETF filings, Bitcoin ETF Market, Bitcoin ETF news, bitcoin ETFs, Bitcoin News, bitcoin price, BlackRock Bitcoin ETF, btc, btc price, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Grayscale Bitcoin ETF, Grayscale GBTC, Grayscale news
The Bitcoin ETF market has witnessed a notable inflow streak, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) leading the race. Since gaining approval from the US Securities and Exchange Commission (SEC) on January 10, the ETF market has experienced over three months of trading. However, BlackRock stands out as the frontrunner, boasting an impressive inflow […]
As the financial world witnesses a seismic shift in the landscape of cryptocurrency investment, institutional players are making bold moves into the realm of Bitcoin Exchange-Traded Funds (ETFs). Bitwise CEO Hunter Horsley’s recent proclamation has sent ripples through the industry, forecasting a staggering surge in Bitcoin ETF holdings by wealth management firms by the end […]
Asset management firm Grayscale has disclosed new details about its new Bitcoin Mini Trust fund, a “spin-off” of the GBTC exchange-traded fund (ETF). The new fund, which was first announced in March, is expected to operate independently and offer a cost-effective investment option to GBTC shareholders. Grayscale Offers Industry-Low Fee With New Fund According to […]
Bitcoin and Ether spot exchange-traded funds (ETFs) are set to receive the final approvals in Hong Kong as early as Monday next week. According to a recent Matrixport report, these investment products could unlock up to $25 billion in demand from Chinese investors through the Southbound Stock Connect program. However, the latest revelations and clarifications […]