Tag: ETF

Bitcoin Below $70k But Hong Kong Readies April-End ETF Launch

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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 asset management funds early on April 10. Notably, the SFC…

Hong Kong is reportedly set to approve first spot Bitcoin ETF by mid-April

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Hong Kong’s Securities and Futures Commission is reportedly ready to approve the spot Bitcoin exchange-traded fund, signaling a major breakthrough in the city’s crypto market. Hong Kong is gearing up to approve the first batch of spot Bitcoin ETFs in the region by Apr. 15, Tencent News has learned, citing multiple sources close to the Hong Kong Securities and Futures Commission. The report says the Hong Kong regulator initially planned to approve only four spot Bitcoin ETFs in the first batch. However, the latest changes revealed that at least two…

Grayscale accounts for Monday’s largest Bitcoin ETF outflow

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Bitcoin ETFs saw a net outflow of $223 million on Monday after four consecutive days of net inflow. According to SoSo Value, Monday was the most significant outflow for Bitcoin ETFs in over two weeks. Last week, BTC ETFs saw four days of consecutive inflows totaling nearly $570 million, driving Bitcoin’s price to $72,000. However, Monday’s outflow caused BTC’s daily trading volume to decline by 6%, forcing the price to retrace to $69,000.  Bitwise’s ETF saw the most significant single-day net inflow at $40.3 million. However, nearly $303 million was…

Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000

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According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions […] Original

South Korea’s Democratic Party to Introduce ETF and Digital Finance Reforms

South Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have temporarily halted the initiative, a crucial poll is set for April 10, and the parliament is predominantly controlled by the DPK-led […] Source BitcoincryptoexchangeExchanges CryptoX Portal

China’s largest mainland equity funds quietly join spot Bitcoin ETF market, report says

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Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs) via their Hong Kong subsidiaries, according to a report from China’s state-owned newspaper Securities Times, which cites multiple institutions as a source. While the full list of China’s companies interested in offering spot Bitcoin ETFs wasn’t disclosed, it has been confirmed that Harvest Fund Management’s Hong Kong branch is among…

Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia

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Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its footprint in Asian markets. Monochrome’s Commitment to Investors Evident in Application Transfer Monochrome Asset Management, an investment management firm based in Australia, announced on April […] Original

BlackRock adds Citi, Goldman Sachs as spot Bitcoin ETF APs

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BlackRock has added four more Wall Street firms as authorized participants (APs) for its spot Bitcoin ETF. With this addition, the asset manager’s Bitcoin-based fund now boasts a total of nine APs. BlackRock’s Bitcoin ETF updates BlackRock, touted as the world’s largest asset manager, now counts Citi, Citadel, Goldman Sachs, and UBS among its APs for its spot Bitcoin ETF offering. The information was disclosed through an amendment attached to the ETF’s Form S-1 submitted to the Securities and Exchange Commission (SEC) on April 5, This announcement follows BlackRock and…