Tag: ETF

VanEck seeks SEC approval for Onchain Economy ETF

Will the SEC approve VanEck’s entry into the growing digital asset investment space? On Jan. 15, 2025, asset management company VanEck filed an application with the U.S. Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund. Matthew Sigel, VanEck’s head of digital assets research, disclosed the filing in a now-deleted social media post, revealing the company’s ambitious plans to invest in the rapidly growing digital transformation sector. Deleted a post on an ETF filing.Details coming soon — matthew sigel, recovering CFA (@matthew_sigel) January 15, 2025 The proposed ETF aims…

Osprey Funds to convert Bitcoin Trust into ETF as Bitwise acquisition talks end

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United States-based Osprey Funds is gearing up to convert its Bitcoin trust into an exchange-traded fund after an acquisition deal with Bitwise fell through. The investment management firm said in a Jan. 14 statement that it would file a Form S-1 with the U.S. Securities and Exchange Commission “as soon as practicable” to convert the Osprey Bitcoin Trust (OBTC) into an ETF. Launched in February 2021, OBTC offers investors exposure to Bitcoin without the complexities of direct investment, such as managing wallets or keys. The fund carries a management fee…

BlackRock publishes 3 key takeaways to boost Bitcoin ETF adoption in 2025

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BlackRock’s Head of Thematics and Alternative ETFs presents investors with three reasons why they should consider adopting Bitcoin ETFs in 2025 as inflows continue. In a recent market insights report, BlackRock’s Head of Thematics and Alternative ETFs, Jay Jacobs, highlighted the rapid growth of Bitcoin ETFs in the market. One of the key takeaways he mentioned was how crypto asset adoption has managed to beat mobile phones and the internet in its development. According to recent study by BlackRock, compiling data from multiple sources including NPR, Bloomberg and the Cambridge…

Canadian Investors Gain Bitcoin Access With New Blackrock ETF

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Ishares, a subsidiary of Blackrock Asset Management Canada Limited, has unveiled the Ishares Bitcoin ETF on Cboe Canada, presenting Canadian investors with a bitcoin gateway, the leading cryptocurrency by market capitalization. Ishares Bitcoin ETF Debuts on Cboe Canada Trading for the Ishares Bitcoin ETF (IBIT) commenced on Jan. 13, 2025, on Cboe Canada, with listings […] Original

BlackRock debuts Bitcoin ETF on CBOE Canada

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BlackRock, the world’s largest wealth manager, has introduced a new Bitcoin ETF on CBOE Canada. According to a CBOE press release, BlackRock has launched its iShares Bitcoin (BTC) exchange-traded fund to provide institutionally managed BTC exposure to Canadian investors. BlackRock already manages the largest U.S. spot Bitcoin ETF, known as IBIT, which has been crowned the fastest-growing fund in history, surpassing $52 billion in investor capital within its first year. Commenting on the launch, Helen Hayes, Head of iShares Canada at BlackRock, said that introducing a local product will simplify holding…

Litecoin Price Falters Amid Doubts Over LTC ETF Approval

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Este artículo también está disponible en español. When the US Securities and Exchange Commission (SEC) approved the 11 initial applications for spot ETFs last January 2024, it signaled a favorable environment for Bitcoin. The top digital asset’s price surged thanks to increasing institutional attention. So, it isn’t surprising that other top crypto projects follow suit, with Litecoin (LTC), a proof-of-work coin, on the deciding table. Related Reading However, Litecoin is having a rough start to the year. It’s currently trading at $94.89, down 22% in the last 30 days. Litecoin’s…

Treasury Pick Holds Up to $500K in Blackrock Bitcoin ETF, Vows to Divest Over Conflicts

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A Treasury nominee’s six-figure stake in Blackrock’s bitcoin ETF reveals crypto’s grip on elite portfolios, raising stakes for future U.S. economic policy decisions. Blackrock Bitcoin ETF in Spotlight as Bessent’s Financial Ties Unveiled Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, has disclosed a personal investment of between $250,001 and $500,000 in Blackrock’s bitcoin […] Original

Massive Crypto ETF Exodus: $742M Vanishes Overnight

Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in […] Source CryptoX Portal

Bitcoin ETF outflows hit three-week high

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Spot Bitcoin exchange-traded funds in the United States recorded their highest outflow day on Jan. 8 over the last three weeks as Bitcoin briefly dipped under $93k, resulting in market-wide panic among investors. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $582.9 million in outflows on Tuesday, ending a three-day inflow streak that had brought nearly $2 billion into these funds. The outflows on Tuesday also marked the highest since Dec. 19, when these investment products experienced $680 million in outflows. Fidelity’s FBTC led the outflows on…