ETF

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has crossed the $15 billion mark in total inflows, a new high since it began trading on January 11. However, the overall daily inflows for spot Bitcoin ETFs have been decelerating since their peak on March 12, when they were $1.05 billion. BlackRock’s IBIT Daily Inflows Surge BlackRock’s IBIT recorded its largest single daily inflow since April 5, totaling $192.1 million, pushing its total inflows to $15.1 billion, according to Farside data. Bloomberg…

Hong Kong is ready to approve a Bitcoin ETF next week that could usher in a new wave of Chinese investors looking for alternative investment options. The launch of a U.S. Bitcoin ETF drove BTC to an all-time high and the involvement of the Asian market could supercharge prices to $90,000. Hong Kong is getting ready to approve a Bitcoin ETF next week, Reuters reports. Experts predict that this could usher in a new wave of Chinese investors. A Bitcoin…

The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed…

Ripple CEO Brad Garlinghouse is optimistic more crypto ETFs are imminent in the US but with no defined timeline. He also predicted that the market cap will top $5 trillion this year. During a recent interview at the Paris Blockchain Week, Brad Garlinghouse, the CEO of Ripple Labs Inc. stated that the US will launch other Exchange-Traded Funds (ETFs) aside from the spot Bitcoin ETFs introduced in January.  Ripple CEO on Timeline for Other ETF Launch Garlinghouse warned that forecasting…

The post Grayscale’s Secret Weapon Against Bitcoin ETF Rivals Unveiled! appeared first on Coinpedia Fintech News Michael Sonnenshein, CEO of Grayscale, suggests that the outflows of Grayscale Bitcoin Trust (GBTC) may stabilize after a brief period of sustained investor selling. This stabilization is viewed as a potential point of equilibrium, including anticipated outflows related to settlements of bankruptcy and investor switch trades, potentially behind them. Despite facing competition from nine other issuers in the ETF market since January 2024, Grayscale…

Though Bitcoin (BTC) spot ETFs launched by BlackRock and others have been all the rage in crypto, there’s a slightly older Bitcoin fund that’s also seen exponential gains in the past few months. The 2X Bitcoin Strategy ETF (BITX) has quadrupled its Bitcoin exposure since January, now reigning as one of the largest Bitcoin futures ETFs in the United States. Institutions Increase Bitcoin Leverage According to Volatility Shares’ website, BITX held net assets worth $1.58 billion as of Tuesday. By…

The Bitcoin price has seen a notable fluctuation, briefly surpassing $72,500 on Monday before dipping below the $70,000 threshold on Tuesday. This movement can be attributed to a risk-off sentiment among investors, largely in anticipation of the latest US Consumer Price Index (CPI) figures today. Following a low of $68,200 on Tuesday, Bitcoin managed a slight recovery, stabilizing above $69,400 at the time of reporting. Concurrently, the Hong Kong Securities and Futures Commission (SFC) has updated its registry of virtual…

Bitcoin (BTC) has retreated to the $68,000 range after hovering around $70,000 for several days. BTC is currently trading at $69,100, marking a recent decline. This downturn aligns with two consecutive days of negative outflows for US-traded spot Bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs See $242.4 Million Outflow in Two Days Farside data reveals that the US spot Bitcoin ETFs experienced outflows totaling $223.8 million on April 8, 2024, followed by $18.6 million on April 9, 2024. Grayscale Bitcoin…

The United States Securities and Exchange Commission (SEC) has postponed its decision on the New York Stock Exchange’s proposal to introduce option trading on spot Bitcoin exchange-traded funds (ETFs). Grayscale Bitcoin Trust and Bitwise Bitcoin ETF are directly affected since they hold BTC on the NYSE. SEC Delays Decision on Spot BTC ETF Options Trading The SEC cited in its April 8 filing that it will require a longer time to take action on the suggested rule change so that…