Bitcoin ETF

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

January 30, 2024 1 min read

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

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

January 23, 2024 1 min read

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

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

January 23, 2024 1 min read

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

BlackRock Denies Launching XRP ETF Amid Speculations

January 22, 2024 1 min read

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

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

January 19, 2024 1 min read

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

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

January 16, 2024 1 min read

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

Cathie Wood criticizes Vanguard’s rejection of Bitcoin ETFs

January 15, 2024 1 min read

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