Tag: ETF

Bitcoin ETF ‘Floodgates’ Are Just Opening: Bitwise CIO

In a recent appearance on CNBC’s ‘Halftime Report,’ Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, shared insights into the burgeoning interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs). This discussion comes at a time when BTC has shattered expectations, reaching a new all-time high of nearly $72,500. Bitcoin ETF ‘Floodgates’ Are Just Opening Bob Pisani of CNBC highlighted the unprecedented influx of approximately $20 billion into the market following the mid-January launch of 10 new spot Bitcoin ETFs, including $1.3 Billion in Bitwise‘s own BITB. This…

35% chance of spot Ethereum ETF approval by May

Experts are unsure whether spot Ethereum ETFs will be approved by May.  Bloomberg ETF expert Eric Balchunas said on X that the likelihood of spot Ethereum (ETH) ETF applications being accepted by May is less than 50% due to the absence of telltale signs present before spot Bitcoin (BTC) ETFs were approved in January. Analysts previously predicted a 60% to 70% chance of approval by May. Fox’s Eleanor Terrett also shared this sentiment, pointing out that the U.S. SEC has yet to engage issuers as it did for spot BTC…

VanEck Temporarily Cuts Bitcoin (BTC) ETF Fee to Zero After Lagging in Assets

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BlackRock’s Bitcoin ETF hits $10b amidst crypto rally

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BlackRock, the world’s largest asset manager, saw its Bitcoin ETF (exchange-traded fund) reach $10 billion in assets under management (AUM) quicker than any other ETF in U.S. history. This milestone has been driven by an ongoing rally in the price of Bitcoin (BTC), the world’s flagship cryptocurrency. BlackRock’s BTC ETF hits new milestone  This milestone, driven by a surge in Bitcoin prices, highlights the increasing interest and adoption of digital assets within traditional investment circles. Launched in January, IBIT has swiftly gained traction among investors seeking exposure to Bitcoin.  IBIT’s…

BlackRock seeks SEC approval for Bitcoin ETF inclusion in Global Allocation Fund

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BlackRock, a global leader in asset management, is in the process of seeking regulatory approval to incorporate spot Bitcoin exchange-traded funds (ETFs) into its Global Allocation Fund, known as MALOX. The firm updated its filing with the United States Securities and Exchange Commission (SEC) on March 7, outlining its intention to invest in physically-backed Bitcoin exchange-traded products (ETPs), including its own iShares Bitcoin Trust (IBIT) and those offered by other issuers. The move indicates BlackRock’s interest in enabling its fund to invest directly in Bitcoin through national securities exchanges. The…

SEC delays spot Bitcoin ETF options request until April 4

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The SEC postponed a decision on two requests to bring options on spot Bitcoin ETFs to market following the successful launch by nine issuers, excluding Grayscale’s GBTC. According to a March 6 filing, the U.S. SEC delayed approving, denying, or initiating rule change processes for an application to list and trade options on BlackRock’s iShares Bitcoin ETF (IBIT) filed by Nasdaq.  A comment period for the proposal has already opened, and some five people have supplied feedback, asking the SEC to greenlight options trading on BlackRock’s spot Bitcoin (BTC) ETF.…

21Shares hits $5b AUM milestone as ETF mania intensifies

21Shares AG, the world’s largest issuer of cryptocurrency exchange-traded products for the global market, has reached a milestone of over $5 billion in assets under management. Per sources close to the matter, 21.co, the parent company of 21Shares, now sees 21Shares accounting for $3.1 billion of its total assets under management (AUM). The Swiss firm 21Shares, established in 2018 by Hany Rashwan and Ophelia Snyder, launched the first crypto exchange-traded product with the goal of removing the hassle of investing in cryptocurrencies and blockchain technology. In February, 21Shares and ARK…

Arizona to greenlight Bitcoin ETF addition to retirement portfolios

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The Arizona State Senate has approved a bill to look into Bitcoin ETFs as potential additions to investment portfolios. On Feb. 22, the Senate passed the bill in a 16-13 vote to urge the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to monitor further developments in Bitcoin ETFs. After the Senate’s approval, the House of Representatives is reviewing the bill. The memorandum stresses the need for thoughtful deliberation before including such assets in their portfolios. The Senate prioritizes working with SEC-approved firms for Bitcoin…

BlackRock Bitcoin ETF hits record $788m daily net inflows 

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Bitcoin ETF investors parked a record amount of money into BlackRock’s fund on the day crypto’s leading token achieved a new all-time high before retracing up to 10%. BlackRock’s iShares Bitcoin ETF (IBIT) received $788 million in net inflows on Mar. 5, setting a new historical high for daily influx into the investment vehicle as traders seemingly capitalized on a market dip.  btw for context on relative size of $IBIT‘s cash haul, it now ranks 2nd among all ETFs in 1D flow, 1W flow, 1M flow and 3rd in YTD…