Tag: ETF

Sam Bankman-Fried Linked FTT Tokens Gains as Bitcoin Slumps on ‘Sell-The-News’ ETF

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CryptoX was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin (BTC) Prices More Impacted by ETF, GBTC Outflow, Rather Than China Stimulus Plan: Analysts

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“The rebound of the Chinese economy will have profound implications for the global economy, and any stimulus or accommodative policy will be an encouraging sign to investors. The crypto market will also perceive such policies as risk-on and, therefore, be more willing to innovate and active in market expansion,” said Greta Yuan, Head of Research at VDX, a regulated exchange in Hong Kong, in a note. Original

Bitcoin dips below $40k amid BTC ETF selloffs

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Bitcoin dropped under $40,000 amid GBTC sell-offs from bankrupt crypto exchange FTX and BTC deposits on Coinbase by spot BTC ETF issuer Grayscale. Bitcoin (BTC) slid down nearly 9% on Jan. 22, exchanging hands around $39,700 on venues like Binance and Coinbase. The largest cryptocurrency likely saw depreciating prices due to outflows from Grayscale’s spot Bitcoin ETF, a fund built on the firm’s long-standing GBTC product.  BTC below $40k | Source: TradingView GBTC is the largest spot BTC ETF in the U.S. marketing with over $20 billion in assets under management.…

ProShares Bitcoin ETF trading declined over 70% since spot Bitcoin ETF launch

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ProShares’ Bitcoin Strategy ETF experiences a significant drop in trading activity as investors shift focus to spot Bitcoin ETFs. On Jan. 18, trading volumes for BITO on the New York Stock Exchange fell sharply to just above $500 million, a significant decrease from the $2 billion peak seen on Jan. 11, per Coinbase’s data. Additionally, data from ETF.com shows a substantial outflow from BITO, exceeding $270 million, within the same timeframe. Despite this downturn in trading activity, market analysts maintain a positive outlook on BITO’s role in the sector, particularly…

Bitcoin Price (BTC) Falls Despite Bitcoin ETF Launch

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A number of spot bitcoin ETFs began trading on Jan. 11, with bitcoin surging to $49,000 in the minutes after their launch. The rise was fleeting though, and the price has been heading south since, finally falling through $40,000 moments ago. Bitcoin is now at its weakest price since the beginning of December, but still more than a double from year-ago levels. Original

FTX Sold About $1B of Grayscale’s Bitcoin ETF (GBTC): Sources

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Grayscale has offloaded $2.14b in BTC since ETF approval

Grayscale Investments has sold over $2.14 billion in BTC following the SEC’s approval of spot Bitcoin ETFs. According to a Jan. 22 post by crypto analytics platform Lookonchain, Grayscale’s Bitcoin holdings have diminished by about 52,227 BTC, equivalent to $2.14 billion, following the SEC’s recent approval of spot Bitcoin ETFs earlier this month. According to the #Grayscale website, #Grayscale currently holds 566,973 $BTC($23.21B), decreasing ~52,227 $BTC ($2.14B) since the ETF was passed. And iShares(Blackrock) holds 33,431 $BTC($1.37B), Fidelity holds 24,857 $BTC($1.02B), Bitwise holds 10,152 $BTC($415.6M). pic.twitter.com/fx2Kj3WpSB — Lookonchain (@lookonchain) January…

SEC postpones decision on Fidelity’s spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Fidelity’s application to launch spot Ethereum (ETH) ETFs. According to information on the regulator’s website dated Jan. 18, a decision on the application is now expected on March 5, 2024. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” SEC filing Bloomberg analyst James Seyffart called the move “expected.” At the same…

Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows

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Data from the trading analytics platform BitMEX Research reveals that Fidelity’s Bitcoin spot ETF – FBTC – has now witnessed a total inflow of over $1 billion. This development comes as BTC attempts to rebound from its recent dip over the last two weeks with a 1.56% gain in the past day, based on data from CoinMarketCap.   Fidelity Joins BlackRock On Exclusive $1-B List, As Grayscale’s ETF Continues To Bleed Following the official launch of Bitcoin spot ETF trading on January 11, Fidelity has now become the second asset manager,…

SEC acknowledges Nasdaq’s spot Bitcoin ETF options request

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Options trading for spot Bitcoin ETFs may be up after a Securities and Exchange Commission nod allowed multiple “non-security commodity” funds to list on U.S. exchanges. Nasdaq submitted 19b-4 filings with the SEC to amend listing rules allowing trading derivatives on ETFs underpinned by Bitcoin (BTC). Following the proposed rule changes, the SEC has acknowledged the requests, opening a 21-day window for public comments and feedback. ETF expert James Seyffart opined that the SEC could field a decision on these filings by the end of February; however the verdict may…