Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock’s spot bitcoin ETF, IBIT, has collected. Source CryptoX Portal
Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock’s spot bitcoin ETF, IBIT, has collected. Source
Grayscale renewed pressure on the SEC to greenlight options on spot Bitcoin ETF as the investment manager seeks new rails to onboard capital into its crypto fund. Grayscale CEO Michael Sonnenshein said approving options for spot Bitcoin (BTC) ETFs would benefit all GBTC investors and participants in other spot BTC-backed products looking to generate income and hedge financial positions. Sonnenshein previously advocated for the speedy acceptance of spot BTC ETF options as an additional tool for market regulations, as it would bring more stakeholders like broker-dealers into the fold. Options…
Hunter Horsley, the Chief Executive Officer (CEO) of crypto index fund manager, Bitwise, has stayed highly optimistic about the Bitcoin bullish outlook, predicting that the cryptocurrency will witness a rise to $250,000 sooner than most think. BTC’S Road To $250,000 In a recent X (formerly Twitter) post on Wednesday, Horsley made a bold prediction about Bitcoin, foreseeing the cryptocurrency rising to new all-time highs never seen before. The CEO has stated that BTC could reach $250,000, jumping over four times its current price above $62,000. Furthermore, Horsley has expressed his belief…
The chief executive of Bitwise Asset Management expects the price of bitcoin to hit $250,000 sooner than most people would imagine. Moreover, he believes that bitcoin is going to eat into gold’s total addressable market “faster than people expect.” He opined: “Bitcoin ETFs were bitcoin’s IPO moment. It’s now available to any investor with the […] Original
In a significant development for Bitcoin.com, a trailblazer in the cryptocurrency domain, the company announces the resignation of its CEO, Dennis Jarvis, and the welcoming of Corbin Fraser as the new Interim CEO. This leadership change marks a new chapter in Bitcoin.com’s journey towards making cryptocurrency accessible and usable for everyone, everywhere. During his tenure […] Original
Mike Novogratz, CEO of Galaxy Digital, recently shared his insights on Bitcoin’s future and the role of Exchange-Traded Funds (ETFs) in boosting retail demand for digital assets. During an interview with Forbes, Novogratz highlighted the significant impact of traditional finance in driving Bitcoin’s next growth phase. His optimism follows the U.S. Securities and Exchange Commission’s approval of the first U.S.-listed spot bitcoin ETFs, a move he believes could mark the beginning of a new era for institutional and retail engagement in the cryptocurrency sector. ETFs are anticipated to play a…
Despite the landmark launch of spot Bitcoin Exchange-Traded Funds (ETFs) spearheaded by industry behemoths BlackRock and Fidelity—ranking among the top five ETF launches in their initial month of all time—BTC’s price response has been notably subdued. Prior to the launch of these EFTs, BTC soared to a peak of $49,040 on January 11. Fast forward to today and BTC is currently settling at $51,000, marking a modest appreciation of 4.3%. This tepid performance has puzzled market observers, particularly in light of massive net inflows of $5.278 billion into all Bitcoin…
Ripple CEO Brad Garlinghouse, in a Bloomberg interview on Feb. 20, expressed support for the creation of an XRP exchange-traded fund (ETF). Garlinghouse highlighted the importance of diversification for investors, comparing the current state of the cryptocurrency market to the early days of the stock market. He suggested that, like in the stock market, where investors seek exposure to a range of assets rather than a single stock, the cryptocurrency market will likely see the introduction of more ETFs to distribute risk more broadly. However, he refrained from providing specifics…
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF. “In my opinion, it makes these markets […] Original