Tag: ETF

VanEck’s Bitcoin ETF sees 1,000% daily volume spike in fee cut anticipation

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VanEck’s spot Bitcoin ETF jumped 14 times its daily average volume a day before the firm plans to implement a fee cut, reducing entry cost from 0.25% to 0.2%. According to Bloomberg’s Eric Balchunas, the VanEck Bitcoin Trust ETF (HODL) had over $258 million in trading volume on Feb. 20 from 32,000 individual traders. Balchunas noted that VanEck’s volume and traders were much higher than the average numbers of the firm’s new exchange-traded fund.  I’ve never seen a grassroots trading explosion come out of nowhere like this. Eric Balchunas on…

Pyth Network Unveils Real-Time Bitcoin ETF Price Feeds, Bridging Defi and Traditional Finance

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On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […] Original

Spot Bitcoin ETF Approvals, Have Made Australians More Friendly Towards Crypto: Study

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The annual report is based on a panel of over 2,100 adult respondents from all walks of life, notably a tiny sample size in a country of more than 26 million. Yet, the report provides a significant sense of how the nation views cryptocurrencies. For example, the report reveals that general awareness of cryptocurrency among Australians has reached a new high of 95%, up from 92% in 2022. Original

BlackRock spotlights Bitcoin ETF with progress-driven ad campaign

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BlackRock, the world’s largest asset manager, has intensified its advertising efforts for its new spot Bitcoin exchange-traded fund (ETF), positioning the digital asset as a symbol of “progress.” The campaign for the IBIT fund adopts a notably understated style, especially when compared to the more flamboyant marketing strategies of its rivals. The advertisement features a simple design with a yellow background, showcasing a plane’s silhouette on a runway, accompanied by the message: “Get your share of progress.” BlackRock spot ETF advertisement | Source: X This approach has caught the attention…

ETF Inflows Continue to Bolster Bitcoin – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) ended the week at approximately $52,150, showing a notable 7.9% increase from the previous week’s closing value of around $48,300. The week began with robust price growth, with BTC reaching its peak trading price of around $52,800 on Thursday, before stabilizing over the weekend within the $51,000 to $52,000 range and ultimately closing slightly above $52,000. Last week marked Bitcoin’s return to trading above $50,000 for the first time in over two years, signaling strong momentum following the approval of BTC ETFs Spot. The last time BTC traded…

Grayscale’s spot Bitcoin ETF GBTC outflows hit $7b

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Crypto asset manager Grayscale continues to see a slowdown in outflows from its Bitcoin (BTC) spot exchange-traded fund (ETF). In a Feb. 19 post on X, co-founder of ETF Institute Nate Geraci reported that the total outflow of funds from Grayscale’s GBTC since its conversion to a spot Bitcoin ETF has reached $7 billion. However, at the same time, the pace of asset outflows has slowed significantly, with Geraci noting that the “bleeding” may be close to stopping. GBTC has $7bil outflows in past 5 weeks… What a chart. Outflows…