Tag: ETF

Institutions Increased Their Bitcoin (BTC) ETF Allocation in Second Quarter, Bitwise Says

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Brazil Approves Second Solana (SOL) ETF

According to the CVM database, the new Solana (SOL) ETF, which is in a pre-operational phase, will be offered by Brazil-based Hashdex — a Brazil-based asset manager with over $962 million in assets under management — in partnership with the local investment bank BTG Pactual. Source

Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review

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Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […] Original

Spot Bitcoin ETF inflows jumped 223%, crypto market corrects

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Fidelity led the way for the second consecutive day with $61.3 million worth of inflows to its spot Bitcoin ETF — the Fidelity Bitcoin Fund. BlackRock’s IBIT followed with $20.4 million in inflows after a day of inactivity. The increase in activity comes as SoSoValue data shows that 12 U.S.-based spot Bitcoin (BTC) ETFs recorded $36.01 million in inflows on Aug. 16. That’s a 223% increase compared to Aug. 15, when net inflows were $11.11 million. Other notable inflows included $13.4 million into ARK 21Shares’s ARKB, $12 million into Bitwise’s…

NYSE Scrubs Plan to List BTC ETF Options

The SEC extended its review period multiple times after publishing the NYSE proposal for public comment in February 2024, eventually initiating formal proceedings in April, but the proposal was withdrawn by the exchange before a final decision was made. Source

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

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Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […] Original

Goldman Sachs (GS) Joins Morgan Stanley (MS) in Holding Bitcoin ETF as Institutional Interest Grows: 13F Wrap

Another holder of interest at the end of the first quarter was the Wisconsin Pension Fund, which in the last quarter doubled down on its IBIT position as it purchased an additional 447,651 shares of the fund. It also got rid of all of its shares of Grayscale’s Bitcoin Trust (GBTC) which were worth $63.7 million at the end of March. The state now owns 2,898,051 shares or $98.9 million as of the end of June. Source

NYSE American axes bid for spot Bitcoin ETF options

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NYSE American LLC withdrew its regulatory rule change proposal, which sought permission to list spot Bitcoin ETF options.  According to a filing with the U.S. Securities and Exchange Commission, the national exchange applied for options of the Bitwise Bitcoin (BTC) exchange-traded fund and Grayscale’s converted BTC ETF. NYSE American also proposed options on spot Ethereum (ETH) ETFs offered by the two issuers, as did BlackRock for its fund. After filing for rule changes to list and trade spot BTC ETF options on July 19, NYSE American withdrew its application on…

Is The Link Broken? New Analysis Shows Bitcoin Price Unmoved By ETF Liquidations

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Wisconsin adds 447k shares to BlackRock Bitcoin ETF holdings

The State of Wisconsin Investment Board has increased its holdings in BlackRock’s iShares Bitcoin Trust, as revealed in a recent SEC filing.  A U.S. SEC filing on August 14 shows that the State of Wisconsin now holds almost 2.9 million shares of BlackRock’s iShares Bitcoin (BTC) Trust worth approximately $99.1 million. SWIB’s IBIT holdings rose by 447,651 shares, bringing the total to 2,898,051, meaning the board spent approximately $14 million to acquire more shares. This move marks a shift in SWIB’s investment strategy, as the board has fully exited its…