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 […]
Bitcoin is changing hands at around a three-week high when writing following refreshing gains on April 8. With the coin trading higher and above previous resistances, now support, analysts on X are upbeat. In a post, one analyst said the recent dip before the upcoming Halving could be the final fire sale of 2024 before ordinary […]
Spot Bitcoin Exchange-Traded Funds (ETFs) saw yet another record-breaking day yesterday, with inflows reaching a new daily all-time high (ATH). This surge in investment comes at a time when Coinbase, the leading US crypto exchange and custodian for eight of the ten spot ETFs, reports its BTC reserves at their lowest since 2015, signaling a […]
In less than 30 days since their debut, new entrants of spot Bitcoin exchange-traded funds (ETFs), which include BlackRock (IBIT), Fidelity (FBTC), Ark 21Shares (ARKB), Invesco (BTCO), Bitwise (BITB), Valkyrie (BRRR), Franklin Templeton (EZBC), WisdomTree (BTCW), and VanEck (HODL) have collectively racked up over 200,000 BTC in assets under management, not counting Grayscale’s converted fund. […]
A crypto analyst is bullish on Bitcoin (BTC), saying the market should expect a “supply shock of all supply shocks” when the network halves its miner rewards in roughly two months. The Bitcoin Mining Event In Focus Taking to X, Ted believes BTC prices will float higher after Bitcoin halves in April 2024. This event, set at […]
The recent launch of spot Bitcoin ETFs (Exchange Traded Funds) has sparked a surge in investment, with capital flows surpassing gold ETFs over the past two weeks, according to Bitwise CIO Matt Hougan. Spot Bitcoin ETFs Draw More Capital, Flip Gold ETFs In a post on X, Huogan notes that Bitcoin ETFs attracted $1.7 billion in the […]
Blockchain research platform Arkham Intelligence has revealed the on-chain addresses of several Bitcoin Spot Exchange-Traded Funds (ETFs), in the pursuit of transparency within the crypto community. Bitcoin ETF Addresses Unveiled By Arkham Marcel Knobloch, also known as Collin Brown, an XRP enthusiast, shared the information with the community on the social media platform X (formerly […]
In the last few weeks, there have been notable developments in the spot Bitcoin ETF saga in the US, with asset managers revising their application forms following dialogue with the US Securities and Exchange Commission (SEC). On December 29, which marked the final day for S-1 amendments, Fidelity Investments, alongside six other asset managers, namely […]
The US Securities and Exchange Commission (SEC) and Fidelity Investment have recently met to discuss the company’s application for a spot Bitcoin ETF. This development comes amid engagements between the US top securities regulator and multiple asset managers looking to launch the same product, serving as an indication of incoming approvals. Fidelity Presents Bitcoin ETF Workflows, […]
In a recent statement via X (formerly known as Twitter), Jurrien Timmer, the Director of Global Macro at Fidelity, expounded on Bitcoin’s latest market movements and reiterated his view of the digital asset as “exponential gold.” “Bitcoin is on the move again (following the pattern of previous boom-bust cycles, so far). What to make of […]
BlackRock, the world’s largest asset manager, has amended its prospectus for the spot Bitcoin Exchange-Traded Fund (ETF) with the stringent United States Securities and Exchange (SEC), according to a report on October 18. BlackRock Revises Bitcoin ETF Application, Heavyweights Interested Specific changes made on their iShares Bitcoin Trust submitted by the asset manager include acknowledging the intense […]