Crypto reform takes a back seat in South Korea amid regulatory uncertainty, no BTC ETF plans in sight

South Korea’s People Power Party has decided to delay its intentions to relax cryptocurrency regulations indefinitely.  This shift includes halting the initiative to lift the prohibition on domestic spot Bitcoin exchange-traded funds (ETFs), a move initially anticipated by market watchers. The decision, as reported by local media, stems from the challenges in achieving consensus with governmental and financial bodies on the framework for cryptocurrency policies. The party had been evaluating proposals to postpone the taxation on virtual assets for an additional two years and to enable corporate investments in digital…

Hong Kong’s largest futures Bitcoin ETF surges 500% in AUM

The assets under management of Hong Kong’s largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since October 2023. Hong Kong-based capital market firm CSOP Asset Management revealed in an interview with Reuters that its exchange-traded product CSOP Bitcoin Futures ETF has experienced a five-fold increase in assets under management (AUM) over the past five months, reaching just over $100 million as local investors pursue the crypto rally. Alessandro Zhu, who oversees crypto products and serves as the deputy head of fixed income at…

Spot Bitcoin ETF trading volume approaches $6b

On Feb. 28, 2024, trading volume for nine spot Bitcoin (BTC) ETFs approached $6 billion. The figure is more than double the previous high set on Feb. 26, when the trading volume was $2.4 billion, Bloomberg Intelligence analyst Eric Balchunas said. RIDIC: the New Nine doubled their volume record (set Monday) with just about $6b traded.. $IBIT led w $3.3b of it, Fidelity did $1.4b (both double their prev records). The total number of trades was double too, over half a million individual trades bt them. $IBIT alone > $QQQ.…

Amidst a Surge in Spot Bitcoin ETF Reserves, Kraken Institutional Enters the Market

The crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading: Kraken Institutional’s Promise to Elite Clients This new crypto service, Kraken Institutional, introduced by Tim Ogilvie, the global head of the business division, […] Original

BlackRock Bitcoin ETF (IBIT) Breaks Massive Volume Record Amid Wild BTC Price Action

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

ARK Invest, 21Shares partner with Chainlink on Bitcoin ETF transparency

ARK Invest and 21Shares have partnered with Chainlink to enhance the transparency of its Bitcoin ETF. The announcement of this integration aims to provide unparalleled insight and security for ARK 21Shares Bitcoin ETF (ARKB) investors’ assets, utilizing Chainlink’s Proof of Reserve platform for holdings verification, according to 21Shares Co-Founder and President Ophelia Snyder. The initiative marks a notable step in the cryptocurrency industry, positioning ARK and 21Shares as the second spot Bitcoin ETF issuer to make their holdings data accessible onchain. “Asset managers Ark Invest and 21Shares have taken a…

Blackrock Bitcoin ETF Shatters Inflow and Volume Records — Holdings Exceed 141K BTC

Blackrock’s spot bitcoin exchange-traded fund (ETF) has had a second consecutive record-breaking day with over $1.3 billion in trading volume. The world’s largest asset manager’s Ishares Bitcoin Trust (IBIT) also saw a record net inflow on Tuesday. The fund’s total bitcoin holdings have now surpassed 141K bitcoins. Another Record Day for Blackrock’s Bitcoin ETF Nine […] Original

Bitcoin ETF approvals spark mass BTC adoption, experts say

Crypto industry experts examined how approving a Bitcoin (BTC) ETF in the U.S. accelerates institutional investment in cryptocurrencies and mass adoption of BTC. According to reporter, at the Qatar Web Summit on Feb. 28, experts agreed that ETFs open Bitcoin to a new class of professional investors by providing regulated investment vehicles. The discussion was held between Animoca Brands CEO Robby Yung, Dfinity Foundation founder Dominic Williams, and Delta Blockchain Fund founder Kavita Gupta. Additionally, experts expressed optimism that institutional interest in Bitcoin through ETFs is accelerating mainstream technology…

Bitcoin (BTC) ETF Reserves to Be Disclosed by Cathie Wood’s Ark and 21Shares

ARKB has been among the more successful of the 10 spot bitcoin ETFs launched on Jan. 11. As of the end of the day Monday, the fund had accumulated 33,274 bitcoin and assets under management above $1.8 billion, which is the third highest among the issuers. Only Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have attracted more capital. Original

Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings

The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the […] Original