ETF

The decline in the inflows into Spot Bitcoin ETFs from the best crypto ETF platforms in the UK, such as BlackRock and Bitwise, could result from investors' mass adoption of ETFSwap (ETFS) due to its decentralized features and improved services.  Top 3 Crypto ETF Trading Platforms In The UK Crypto analyst Crypto Rover on X suggested May 1, 2024, was the worst Spot Bitcoin ETF outflow since launch as data from the Farside ETF analytical dashboard agrees that investors could…

The post Is The Bitcoin ETF Rally Over? Here Are The Top Reasons Behind Recent Market Slowdown appeared first on Coinpedia Fintech News The crypto market’s recent rally, driven largely by the surge of inflows into cryptocurrency exchange-traded funds (ETFs), seems to be losing momentum. As per the Kaiko Report, here’s what could be causing this shift and what it might mean for investors. The ETF Rally Stalls ETF inflows have been a significant driver of the crypto market’s recent rally,…

The potential opening of Hong Kong’s Bitcoin exchange-traded funds (ETFs) to investors from mainland China has sparked a flurry of excitement and speculation within the cryptocurrency market. On April 30, Hong Kong launched spot Bitcoin and Ethereum ETFs, marking a significant development for crypto trading in Asia. Although the initial trading volume was modest, the geographical and economic proximity of Hong Kong to China has raised prospects of cross-border crypto investments. Will China Enable Access to Bitcoin ETFs? Richard Byworth,…

BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). Following regulatory obligations, institutional investment managers, such as BNP Paribas, must file quarterly 13F reports.  Multinational bank BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). According to a recent filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas acquired 1,030 IBIT shares in the first quarter of 2024, amounting to…

Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1. Comparatively, the adjusted…

Bitcoin’s price spiked after the US jobs report was dismal, suggesting that the Federal Reserve would be easing. As interest in US Bitcoin ETFs grows internationally, Grayscale’s Bitcoin ETF sees inflows for the first time in 77 days. Today, investors in Bitcoin (BTC) saw a sharp rise in the value of the cryptocurrency, which surged to $63,261.61—a 6.63% increase in only one day. Given that Bitcoin’s price also increased somewhat by 0.60% during the previous week, indicating a tentative reversal…

The post Grayscale’s Bitcoin ETF Breaks Withdrawal Trend with $63M Inflow   appeared first on Coinpedia Fintech News Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF, recorded its first daily net inflow since January, adding $63 million on Friday, according to Farside Investors. It lost billions in assets since January and currently faces competition from BlackRock’s iShares Bitcoin Trust (IBIT). However, GBTC remains to be dominant as its assets now stand at  $18.1 billion compared to IBIT’s $16.9 billion. 

The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments recently introduced a Bitcoin ETF that has attracted substantial institutional investors’ attention. Rising Institutional Interest in Bitcoin Manuel Nordeste, Vice President of Digital Assets at Fidelity, spoke about the rising interest that institutions have shown toward cryptocurrency-based financial products. “Now, we’re starting to have conversations with the larger, real…

MicroStrategy Chairman Michael Saylor has labeled Ethereum and other top altcoins as investment contracts. The Bitcoin maxist discounts any hope of a spot Ethereum ETF. MicroStrategy Founder and Chairman Michael Saylor recently criticized Ethereum, labeling it a security rather than a commodity. While speaking at the MicroStrategy-organized Bitcoin for Corporation 2024 conference, the renowned Bitcoin (BTC) advocate expressed his disapproval of a proposed spot exchange-traded funds (ETFs) for Ethereum. Saylor Believes Spot Ethereum ETF Approval is Not Soon In the…