Tag: ETF

South Korean Regulator FSS to Discuss Spot Bitcoin ETF With U.S. SEC: Report

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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…

Bitcoin ETF sees net inflow of $38.4m, BlackRock outpaces Grayscale

Bitcoin ETFs experienced a net inflow of $38.4 million on Feb. 1, marking the fifth consecutive day of such inflows.  Grayscale’s Bitcoin Trust ETF (GBTC) also saw a significant net outflow of $182 million. In contrast, the collective net inflow for the remaining nine ETFs in the sector, excluding Grayscale, amounted to $220 million. BlackRock’s iShares Bitcoin Trust (IBIT) outperformed Grayscale Investments’ GBTC in trading volume. This event marks a first for BlackRock since the introduction of spot Bitcoin ETFs in the U.S. on Jan. 11. During the first three…

A Bitcoin ETF Will Never Be Your Bitcoin

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Second, I believe that Bitcoin ETFs are bound to serve as gateways to crypto’s promised land of self-custody, just as centralized exchanges did over the past years. A virtuous cycle might actually unfold where millions of people get ETF exposure to Bitcoin, learn the benefits of digital ownership, and ultimately opt for true self-sovereignty. Interestingly, from 2004, the approval of the first gold ETFs didn’t hinder gold’s private ownership either; instead, it popularized it. Original

Bitcoin ETF sees net inflow of $38.4 million, BlackRock outpaces Grayscale

boss

Bitcoin ETFs experienced a net inflow of $38.4 million on Feb. 1, marking the fifth consecutive day of such inflows.  Grayscale’s Bitcoin Trust ETF (GBTC) also saw a significant net outflow of $182 million. In contrast, the collective net inflow for the remaining nine ETFs in the sector, excluding Grayscale, amounted to $220 million. BlackRock’s iShares Bitcoin Trust (IBIT) outperformed Grayscale Investments’ GBTC in trading volume. This event marks a first for BlackRock since the introduction of spot Bitcoin ETFs in the U.S. on Jan. 11. During the first three…

Valkyrie Adds BitGo as Second Custodian For Bitcoin ETF (BRRR) in Risk Mitigation Move

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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…

Analyst Predicts Bitcoin Price By EOY Based On ETF Inflows

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In an analysis released via X, Thomas Young, managing partner at RUMJog Enterprises, is projecting a staggering upward trajectory for Bitcoin’s price by the end of the year, basing his predictions on the influence of Bitcoin Exchange-Traded Funds (ETFs) inflows. As NewsBTC reported, Grayscale’s GBTC outflows have slowed down significantly recently, resulting in constant net inflows over the past five consecutive days,ranging from $14.8 million to $247.1 million. The 118 Multiplier Concept The crux of Young’s analysis hinges on the concept of the ‘118 multiplier’, a metric introduced by Bank…

Valkyrie diversifies spot Bitcoin ETF custody with BitGo

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Valkyrie is the first spot Bitcoin ETF issuer to leverage two separate crypto custodians for its fund, thanks to its deal with BitGo. BitGo will provide custodial services for Valkyrie’s Bitcoin Fund (BRRR), safekeeping and storing a portion of the underlying Bitcoin (BTC) in the firm’s exchange-traded product. Valkyrie and BitGo reached the agreement on Jan. 17 but only filed with the U.S. Securities and Exchange Commission (SEC) on Feb. 1. The strategy diversifies Valkyrie’s spot BTC ETF by splitting the risk across multiple crypto custodians, reducing single failure points,…

El Salvador to stay committed to Bitcoin amid spot ETF approval

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Bitcoin will remain legal tender in El Salvador during president Nayib Bukele’s second term. As Reuters writes, citing vice president Felix Ulloa, Bukele has redoubled efforts to accept cryptocurrency as legal tender in El Salvador. This comment came after the International Monetary Fund (IMF) asked El Salvador to “reconsider” the measure during negotiations for a billion-dollar loan. Ulloa pointed out that El Salvador’s authorities will not abandon Bitcoin (BTC). He said the U.S. Securities and Exchange Commission’s (SEC) recent update to allow spot Bitcoin exchange-traded funds (ETFs) has only strengthened…