Results For: Bitcoin ETF
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: Also read: Crypto …...
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: Read more: MicroStrategy’s Michael Saylor Predicts Bitcoin To “Eat Gold” VanEck has expressed …...
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 in May 2024
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 …...
South Korean Firms Halt Spot Bitcoin ETF Services After Regulator Warning
Major South Korean firms, including industry giants Samsung and Mirae Asset, have suspended brokerage services for foreign-listed spot Bitcoin ETFs. The move shared by a local news media outlet comes after the country’s financial regulator, the Financial Services Commission (FSC), issued a notice cautioning that facilitating trades of offshore spot crypto ETFs may violate existing …...
Vanguard Stays on the Sidelines as U.S. Spot Bitcoin ETFs Debut
Vanguard, a prominent investment management company, refrained from offering access to spot Bitcoin ETFs on the first day of their trading in the United States. This decision left Vanguard users unable to participate in the action surrounding the newly approved 11 spot funds by the Securities and Exchange Commission (SEC). Key Points: On Thursday, a …...
Spot Bitcoin ETFs Spark $2.6B Opening Day Trading, Bitcoin Slumps Below $46,000
Approved spot Bitcoin ETFs unleashed opening-day trading volumes surpassing $2.6 billion. This signifies intense pent-up demand for regulated cryptocurrency exposure. Bitcoin surged past the $49,000 mark, a level not seen since December 2021, following the commencement of Bitcoin ETF trading. All the 11 spot ETFs began trading, and over $2.6 billion changed hands within the …...
