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Goldman Sachs Reveals $418 Million Stake in Bitcoin ETFs
Goldman Sachs has disclosed a $418.65 million investment in U.S. spot Bitcoin exchange-traded funds (ETFs). This revelation was made through the bank's quarterly 13F filing with the Securities and Exchange Commission. Key details of Goldman Sachs' Bitcoin ETF holdings: $238.6 million in BlackRock's iShares Bitcoin Trust (IBIT) $79.5 million in Fidelity's FBTC $56.1 million in......
DigitalX’s Bitcoin ETF Set to Make Australian Securities Exchange Debut
According to the latest details from a press release, DigitalX Limited is set to introduce spot Bitcoin Exchange Traded Funds (ETFs) on the Australian Securities Exchange (ASX). This ETF is set to debut under the ticker BTXX. The DigitalX spot Bitcoin ETF will begin trading on July 12, 2024, at 10:00 AM AEST. Key points:......
Thailand Approves First Spot Bitcoin ETF, Joining Global Trend
Thailand has approved the country's first spot Bitcoin exchange-traded fund (ETF). The Thai Securities and Exchange Commission (SEC) has given the green light to asset manager One Asset Management (ONEAM) to introduce the ONE Bitcoin ETF Fund. The ETF is set to be distributed between May 31 and June 6. Key points: The ONE Bitcoin......
Australia Prepares for a Wave of Spot-Bitcoin ETF Launches: Bloomberg
Australia is poised to witness a surge in spot-Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the United States and Hong Kong. According to Bloomberg, major issuers such as Van Eck Associates Corp. and BetaShares Holdings Pty are lining up for listings on the Australian Securities Exchange (ASX). Key points: The ASX is......
Spot Bitcoin ETFs Hit Record Five-Day Streak of Net Outflows Amid Weak Inflows
Spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone this week. However, it's not one that crypto traders are likely to enjoy. For the first time since their inception, these ETFs have experienced five consecutive days of net outflows, surpassing the previous record of a four-day streak set in January of this year. Key......
VanEck Drops Bitcoin ETF Fees to Zero Until 2025
VanEck has announced that it will temporarily waive the fee for its spot Bitcoin ETF, HODL, until March 31, 2025. The decision, announced via X, comes as VanEck's fund trails behind its competitors in terms of assets under management (AUM). Key points: VanEck temporarily drops the fee to zero for its spot Bitcoin ETF, HODL.......
Arizona Senate Considers Proposal to Include Bitcoin ETFs in Retirement Funds
The Arizona State Senate is currently reviewing a Bitcoin ETF proposal related to the investment portfolios of the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The proposal suggests that these retirement systems evaluate the potential inclusion of Bitcoin ETFs in their investment strategies. The bill, which passed the Senate's......
Bitcoin ETFs
What is a Bitcoin ETF? A Bitcoin ETF is a type of exchange-traded fund that allows investors to gain exposure to Bitcoin's price movements without owning the cryptocurrency directly. Instead, these ETFs invest in assets or companies that reflect Bitcoin's value and are traded on stock exchanges, enabling investors to access them through brokerage accounts.......
Bitcoin ETFs Surpass Silver ETFs in Assets Under Management
Bitcoin ETFs have exceeded silver ETFs in terms of assets under management (AUM), according to industry experts. Driven by substantial market interest, Bitcoin ETFs have quickly grown to become the second largest single commodity ETF in the country by AUM. Spot Bitcoin ETFs, including the conversion of Grayscale's GBTC trust, now hold approximately 647,651 Bitcoin......
BlackRock CEO Backs Ethereum ETF Day After Bitcoin ETF Debut
BlackRock, the world's largest asset manager, has come out in favor of an Ethereum ETF. The comments from CEO Larry Fink came just one day after the firm's long-awaited Bitcoin ETF began trading. In an interview on CNBC, Fink endorsed the concept of an Ethereum investment product accessible to mainstream investors. "I see value in......
