Bitcoin is closing out the week on a rather bearish note after suffering a massive crash in the early hours of Friday. The crash pushed the price below $66,000, drawing the rest of the crypto market down with it in the process. The reason for this crash could be traced back to what started the bull run in the first place – Spot Bitcoin ETFs. Spot Bitcoin ETF Net Flows Suffer After a long strength of what seemed to be only inflows for Spot Bitcoin ETFs across the space, institutions…
Tag: ETF
Bitcoin to hit $100k amid spot Ethereum ETF postponement
One analyst projects Bitcoin to rise to $100,000 in the second half of the year, while the outlook for the spot Ethereum ETF is not as optimistic. A macroeconomist under the pseudonym Luxon shared expectations similar to those of journalist Colin Wu. The expert added that American investment giants could invest 1-3% of their assets under management (AUM) in Bitcoin (BTC). This is due to the postponement of the Federal Reserve’s rate reduction from May to June or later and the gradual implementation of institutional plans to invest in BTC.…
SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned
First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022. Original
Blackrock’s Spot Bitcoin ETF Holdings Near 204K BTC as Demand Soars
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM). IBIT’s Bitcoin Holdings Continue to Grow Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s largest […] Original
Grayscale proposes Bitcoin Mini Trust ETF, aims for lower fees
Grayscale is seeking the SEC’s approval for a Bitcoin Mini Trust to reduce its Bitcoin ETF fees. The mini trust aims to offer a more cost-effective option to the company’s existing $28 billion GBTC spot Bitcoin ETF. The proposal, detailed in a recent SEC filing, outlines Grayscale’s strategy to fund this new offering by reallocating a portion of the shares from its GBTC ETF. The introduction of the Grayscale Bitcoin Mini Trust aims to lower the aggregate fees for current GBTC investors, promising them a reduction in expenses without the…
VanEck’s HODL BTC ETF Sees Record $119M Inflow After Fee Cut to 0%
With Monday’s inflows, VanEck’s offering became the sixth-largest U.S.-listed spot bitcoin ETF, handling more than 6,000 BTC ($440 million) in assets under management and overtaking rivals Invesco (BTCO) and Valkyrie (BRRR), according to BitMEX data. Source
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
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
BlackRock’s Bitcoin ETF hits $10b amidst crypto rally
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…