Browsing:Bitcoin ETF

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway
4 weeks ago 1 min read

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway

Market expert Gareth Soloway has issued a warning, predicting that Bitcoin’s price could fall to $15,000 if there is a significant stock market sell-off, despite notable investments from whales. Soloway from verifiedinvesting.com reflected on Bitcoin’s (BTC) historical trends, highlighting moments such as the introduction of Bitcoin futures in 2017 and Coinbase’s public listing in 2021. In addition, he sees the potential approval of Bitcoin spot exchange-traded funds (ETFs) in the US as another key event that could fuel bullish sentiment. While acknowledging that the outflow of funds from the Grayscale Bitcoin Trust (GBTC) and the attractive discount on GBTC shares

Hong Kong is Set to Receive First Spot Bitcoin ETFs and Stablecoin
4 weeks ago 2 mins read

Hong Kong is Set to Receive First Spot Bitcoin ETFs and Stablecoin

Hong Kong is preparing to expand its crypto market infrastructure this year, with plans to implement Bitcoin exchange-traded funds (ETFs) and stablecoin regulations. Harvest Fund (HFM), a China-based asset manager, has applied with the Hong Kong Securities and Futures Commission to launch a spot Bitcoin ETF on or after February 10th, the Lunar New Year holiday. While information about the Harvest Fund Bitcoin ETF is limited, reports indicate that Hong Kong’s regulatory body may approve multiple spot Bitcoin ETF applications, mirroring the approach taken by the US SEC to ensure fair market access. Other regional financial institutions have expressed interest

Digital Asset Investment Products Witness $500 Million Outflows, Bitcoin ETFs Remain in Focus
4 weeks ago 1 min read

Digital Asset Investment Products Witness $500 Million Outflows; Bitcoin ETFs Remain in Focus

Last week, digital asset investment products experienced a $500 million outflow, with Bitcoin-indexed exchange-traded products (ETPs) accounting for nearly 96% of the total outflows, according to asset manager CoinShares’ recent publication. Bitcoin, a key player in this scenario, saw outflows of $479 million, indicating that investors are cautious. Conversely, short positions in Bitcoin saw increased interest, with total inflows approaching $11 million. Ethereum, Polkadot, and Chainlink all experienced outflows of $39 million, $0.7 million, and $0.6 million, respectively. Despite the negative trend, Solana-indexed investment products saw an increase of $3 million in assets under management. Examining regional dynamics, the majority

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF
1 month ago 1 min read

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition from newly launched funds by financial behemoths such as BlackRock and Fidelity. Unlike its competitors, GBTC saw a significant withdrawal of investments, which many attributed to the trust’s relatively high

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto ETFs by the middle of 2024
1 month ago 1 min read

Hong Kong Eyes Debut of Spot Crypto ETFs by Mid-2024

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of 2024. Key players in Hong Kong’s crypto exchange landscape, including OSL Hong Kong and HashKey, are actively investigating this development. Gary Tiu, an executive at OSL Hong Kong, predicts that spot crypto ETFs will make their debut in the city within the coming months. According to reports, 5–10 companies are currently exploring this avenue, with approximately five making significant progress in this initiative. Tiu emphasizes the importance of maintaining reasonable fees, especially in a market with

Recent rumors about BlackRock's plans to launch an XRP ETF have been debunked
1 month ago 1 min read

BlackRock Denies Launching XRP ETF Amid Speculations

Recent rumors about BlackRock’s plans to launch an XRP ETF have been debunked, with confirmation that the world’s largest asset manager has no plans to introduce a spot XRP exchange-traded fund. Larry Fink, BlackRock’s CEO, made comments that sparked speculation, prompting the clarification. BlackRock recently entered the cryptocurrency space, launching the iShares Bitcoin Trust, a spot Bitcoin ETF. The company has also filed for a spot Ether ETF called iShares Ethereum Trust. These funds are intended to reflect the prices of Bitcoin and Ethereum, demonstrating BlackRock’s strategic focus on the two leading crypto. BlackRock manages the iShares ETFs, which are

BlackRock's iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading.
1 month ago 1 min read

BlackRock’s Bitcoin ETF Reaches $1 Billion AUM Milestone Amid Crypto Market Correction

BlackRock’s iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading. This makes BlackRock the first Bitcoin ETF provider to reach this significant AUM milestone. IBIT, which has $1 billion in assets under management, began trading on January 12, indicating strong investor interest in the newly launched bitcoin ETF. Robert Mitchnick, BlackRock’s Head of Digital Assets, expressed enthusiasm for the achievement and emphasized the company’s long-term commitment to providing investors with access to a high-quality ETF. According to statistics, bitcoin accounts for 99% of IBIT’s total assets, with fiat currency accounting

BlackRock is making waves in the rapidly expanding market for Bitcoin ETFs with its understated and straightforward advertising strategy.
1 month ago 1 min read

BlackRock targets rich baby boomers with simple and clear Bitcoin ETF ads

BlackRock is making waves in the rapidly expanding market for Bitcoin Exchange-Traded Funds (ETFs) with its understated and straightforward advertising strategy. The company recently launched the iShares Bitcoin Trust ETF (IBIT) and chose a unique approach that stands out among its competitors’ flashy and complex campaigns. Unlike the typical high-energy and visually intricate Bitcoin advertisements, BlackRock’s promotional video is calm and straightforward. A BlackRock executive explains Bitcoin and the newly launched ETF in the around two-minute video. The tone is deliberate, the visuals are simple, and the language avoids unnecessary crypto jargon. This deliberate choice aims to appeal to a

Vanguard Faces Backlash as Cathie Wood Criticizes Bitcoin ETF Rejection
1 month ago 1 min read

Cathie Wood criticizes Vanguard’s rejection of Bitcoin ETFs

The Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs, a recent twist in the crypto landscape, marked a significant milestone for the digital asset realm. However, Vanguard, the investment giant, has chosen not to include Bitcoin ETFs in its offerings, drawing criticism from prominent figures such as Cathie Wood, CEO of Ark Invest. Cathie Wood publicly expressed her dissatisfaction with Vanguard’s decision, calling it “terrible.” She expressed concern that the investment behemoth might prevent investors from participating in what she called the “first global, decentralized monetary system.” Wood’s criticism highlights the schism in the investment industry over the adoption