Tag: ETF

Analysts expect Charles Schwab to make a Bitcoin ETF play

boss

Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). According to RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot Bitcoin ETF. Simply put… Schwab not gonna sit around & let Fidelity control crypto narrative. Period. Too much $$$ at stake w/ these brokerage platforms. — Nate Geraci (@NateGeraci) January 27, 2024 With a reputation for conservative and…

Bitcoin ETF outflows, Silk Road, Terraform

boss

Bitcoin (BTC) mounted a recovery, taking the rest of the market with it, despite sustained outflows from spot Bitcoin exchange-traded funds. The U.S. government made moves to sell $131 million in BTC confiscated from Silk Road. Meanwhile, Terraform Labs goes bankrupt. Spot Bitcoin ETFs record outflows This week featured massive negative net flows from the spot Bitcoin ETF market, largely due to substantial outflows from the Grayscale Bitcoin Trust (GBTC), as investors exited the project due to high fees. Particularly, on Jan. 24, the spot Bitcoin ETF market recorded the…

Google’s new crypto ad policy boosts Bitcoin ETF visibility

boss

Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience. This move follows Google’s recent decision to broaden its cryptocurrency and related products’ policy, now providing advertisers with specific guidelines for…

Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin demand dropping Crypto whales looking at Chainlink. NuggetRush presale draws investors Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold.  Bitcoin demand drops On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin…

Ripple job listing has a key detail: ‘drive ETF initiatives’

Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). A recent job opening for a Senior Manager for Business Development at Ripple listed a key responsibility: “drive cryptocurrency-related ETF initiatives with internal trading teams and relevant partners.” This has led some in the crypto community to wonder whether the blockchain payments company is aligning its strategy with the evolving crypto landscape. This development surfaces as Ripple navigates through a high-profile legal tussle with the U.S. Securities and Exchange Commission (SEC), which many speculate could…

Key Requirements For Spot XRP ETF Approval Revealed Amidst 4500% Price Surge Target

boss

Following Bitcoin’s spot exchange-traded fund (ETF) approval on January 11, market speculation has grown around the possibility of similar investment vehicles for major cryptocurrencies, including a spot XRP ETF. However, certain requirements and regulatory considerations must be met before such a development can occur. Regulatory Prerequisites For Spot XRP ETF FOX reporter Eleanor Terret clarifies the matter, stating that launching an XRP spot ETF would first require the establishment of a futures ETF.  In the case of Bitcoin, the approval of spot ETFs was conditional upon the Securities and Exchange…

BlackRock’s IBIT Maintains Lead In Bitcoin ETF Race, Crosses $2 Billion In Inflows

boss

According to data from BitMEX Research, BlackRock’s Bitcoin spot ETF – IBIT –  has now set a new record, achieving a total net inflow of $2 billion. This feat allows IBIT to maintain its position as the best-performing fund of the bunch, following the approval of 11 Bitcoin spot ETFs by the US Securities and Exchange Commission on January 10. BlackRock’s IBIT Maintains Dominance As Total Net Flows Reach $744.6 Million On January 25, which marked the tenth trading day of the Bitcoin spot ETF market, BlackRock’s IBIT produced an…

XRP ETF speculation, analysts are upbeat on Dogecoin and Borroe Finance

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto community is confident that a spot XRP ETF will be approved someday. However, Ripple CEO Brad Garlinghouse has yet to confirm any plans for such a product. Still, he hopes that cryptocurrencies will become more popular and mainstream. Meanwhile, there’s growing interest in Dogecoin and Borroe Finance (ROE) as both digital assets show growth potential. XRP’s ETF speculation The recent approval of a spot Bitcoin ETF by…

Bitcoin sent to ETF wallet to benefit fund investors

boss

Bitwise has publicly disclosed its Bitcoin ETF fund wallet, attracting unsolicited Bitcoin from ETF supporters. Bitwise, a prominent player in the field, became the first issuer of a spot Bitcoin ETF to reveal the wallet address for its fund publicly. Shortly after this disclosure, the wallet began to receive an array of unsolicited contributions. Unexpectedly, individuals began sending small quantities of Bitcoin to the wallet, with amounts such as 0.00042069 BTC. Additionally, the wallet received various BRC-20 tokens, Bitcoin domain names, and a collection of Bitcoin NFTs. The total value…

IBIT First Spot BTC ETF to Reach $2B in AUM

Investors added about $170 million to IBIT on Thursday, with the fund purchasing nearly another 4,300 bitcoin (BTC), pushing total tokens held to 49,952. With the price of bitcoin rising well above the $40,000 level early Friday, that brought AUM to above $2 billion. Source