Tag: ETF

ARK Sells $15M of ProShares Bitcoin Strategy ETF and Buys its Own ETF

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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 decreases 12% to below $42k following spot ETF hype

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Following the anticipated launch of spot Bitcoin ETFs and the expectation of a price surge, Bitcoin has seen a pullback to $41,825, according to a Jan. 18 post on CoinGecko. Bitcoin (BTC) had initially made headlines for hitting $49,000 for the first time since December 2021, as trading opened for spot BTC ETFs across major U.S. exchanges. However, the price of the world’s largest cryptocurrency has since decreased in what some predict might be the start of a larger pullback. The approval of spot Bitcoin ETFs on Jan. 10 was recognized…

Bitcoin (BTC) Price Plunges Below $41K as Bitcoin ETF Fever Breaks

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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…

Investors may miss out on this key tax loophole if they actively trade a spot bitcoin ETF

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Spot bitcoin ETFs are barely a week old, but tax attorneys and accountants are already warning investors who actively trade the funds the same way they do cryptocurrency itself that they may miss out on a tax saving strategy. Right now, investors who regularly trade cryptocurrency can take advantage of a quirk in the tax code : They can sell losing positions in bitcoin and ether, harvest this realized loss to offset taxable capital gains elsewhere in their portfolio, and then immediately buy back the crypto position on the cheap…

The early winner in the bitcoin ETF race has raked in $1 billion

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An old-school asset management giant is flexing its muscle in the race to establish a foothold in bitcoin exchange-traded funds with a stellar first week. As Bernstein analyst Gautam Chhugani highlighted in a note to clients Thursday, BlackRock’s iShares Bitcoin Trust (IBIT) has been an early winner among the spot bitcoin ETFs that were approved last week. The fund has amassed $1 billion in net inflows, and while trading volume has cooled somewhat after a massive first day, the fund already has cumulative volume of more than $2 billion. “We…

Roundhill launches YBTC Bitcoin ETF with OTM strategy

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Roundhill Covered Call Strategy, one of the most popular investment strategies in the ETF industry, is launching its own Bitcoin ETF. Roundhill Investments is the latest firm to launch a Bitcoin ETF designated by the ticker YBTC. The ETF has started trading today at the Chicago Board Options Exchange (CBOE). YBTC is an actively managed fund that aims to mirror the dynamics of Bitcoin, primarily through its investment in the ProShares Bitcoin Strategy ETF (BITO).  One of the key strategies employed by YBTC is the selling of out-of-the-money (OTM) call…

BlackRock reports diverse investor interest in its spot Bitcoin ETF

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BlackRock reveals that its Bitcoin ETF draws a wide range of investors, reflecting growing interest across different investor profiles in the crypto market. In a recent interview with Bloomberg TV, Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the burgeoning interest in the company’s new spot Bitcoin ETF, IBIT. In response to inquiries about whether an investment in IBIT was being redirected from Grayscale’s GBTC product, Aguirre noted that the firm “observed engagement from various investors, including both retail and self-directed types.” She mentioned that some “investors had…

Flowdesk, Liquidity Provider for Grayscale Bitcoin ETF, Raises $50M

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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…

Trillion-Dollar Franklin Templeton Shares High Praise For Solana, Is A SOL ETF Coming?

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American multinational asset management company Franklin Templeton has showered high praises on Solana, triggering widespread speculation about the potential of a Solana ETF in the future.  Franklin Templeton’s Approval Of Solana Sparks ETF Talks On Wednesday, January 17, Franklin Templeton’s official X account expressed their admiration for the Solana, commending the blockchain network’s progress and continuous developments within its ecosystem.  The asset management company highlighted Solana’s notable accomplishments during the fourth quarter of 2023. Specific mentions were made regarding Solana’s innovative NFT projects over the past months, its impactful presence…