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 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
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…
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 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…
“If we look at demand generally since the ETFs have launched, it has created tremendous supply shock already,” said Brian Dixon, CEO of investment firm Off the Chain Capital. “Once the halving occurs, and that supply is further reduced, it’s only logical to think that the price will appreciate.” Original
The new APs include Wall Street banking giants Goldman Sachs, Citadel, Citigroup and UBS as well as clearing house ABN AMRO, according to a prospectus filed with the U.S. Securities and Exchange Commission (SEC). They join Jane Street Capital, JP Morgan, Masquarie and Virtu Americas. Original
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On April 3, net daily capital inflows in the spot Bitcoin ETF sector reached over $113 million. According to SoSo Value, capital inflows have picked up significantly after falling into the red zone. The leader in the influx of funds is Fidelity’s spot Bitcoin ETF (FBTC), which ended at $116.6 million. Following Fidelity’s offering is iShares Bitcoin Trust (IBIT), which logged $42 million. Source: SoSo Value Capital outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $75.1 million, a new low from the end of February. On April 2, net…
On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). On April 2, ARKB saw outflows of $87.5 million, approximately 1,300 BTC, as reported by Farside Investors, while Grayscale recorded a daily outflow of $81.9 million. This event marked a notable shift in the Bitcoin market dynamics, raising concerns…