Tag: ETFs

Can Hong Kong’s Spot ETFs Make It Happen?

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In a recent analysis, Stanislas Bernard, the founder of Sinz 21st.Capital, delved into the complexities surrounding Hong Kong’s consideration to approve spot Bitcoin ETFs against the backdrop of China’s escalating economic crisis. With the nation grappling with a record debt-to-GDP ratio of 288% in 2023, and witnessing one of the most severe housing market collapses in three decades, the financial instability has triggered an unprecedented capital flight towards overseas markets. The Perfect Timing For A Spot Bitcoin ETF? Amidst these turbulent economic times, Hong Kong’s potential approval of spot Bitcoin…

Bitcoin (BTC) ETFs in Hong Kong Could be Next Big Catalyst

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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…

US Spot Bitcoin ETFs Record $19.4 Million in Outflows, GBTC Holdings Decline

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of net withdrawals, documenting a $19.4 million decrease. The holdings of GBTC diminished from 322,697.17 bitcoins to 318,451.70. U.S. Spot Bitcoin ETF Landscape: Outflows Continue to Persist On April 8, 2024, the U.S. spot bitcoin ETFs saw a substantial $223.8 million in outflows, and on April […] Original

March sees Bitcoin ETFs soar, Polkadot spike, rise of Monero challenger

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. March heralded a resurgence in the cryptocurrency market, highlighted by a significant surge in spot Bitcoin ETF volumes, Polkadot’s strategic advancements, and the rise of Borroe Finance (ROE) as a novel challenger to Monero. March was not just another month in the crypto universe—it was a whirlwind of highs, innovations, and bullish trends that have left the community buzzing. From the soaring volumes of spot Bitcoin ETFs to Polkadot’s…

70% Price Surge, Inflows Into ETFs, And Expansion Of Layer TVL Revealed

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Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari. The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency ecosystem. Inscription Activities Drive Bitcoin Fees Up Analyzing the key figures detailed in the report, Bitcoin’s price experienced a significant increase in Q1 2024, rising 68.78% quarter-over-quarter (QoQ) to reach an all-time high (ATH) of $73,100.  This price increase propelled…

10 US Bitcoin ETFs Amass Over 519,000 BTC, With Blackrock Leading at 50.81%

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The latest data reveals that Blackrock’s spot bitcoin exchange-traded fund (ETF) has increased its bitcoin portfolio, now encompassing 263,937.48 bitcoins valued at $17.88 billion. Spot Bitcoin ETF Reserves Reach New Heights Several U.S. spot bitcoin ETFs have bolstered their bitcoin (BTC) holdings, bringing the total for ten ETFs, excluding Grayscale’s Bitcoin Trust (GBTC), to 519,440.22 […] Original

China’s Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong’s Financial Markets

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Two of China’s largest fund management firms have recently been reported to be filing applications for spot bitcoin exchange-traded funds (ETFs), according to regional sources on Monday. Harvest Global Investments and Southern Fund are seeking approval from Hong Kong’s Securities and Futures Commission (SFC), aiming to obtain authorization to introduce spot bitcoin ETFs. China’s Investment […] Original

Bitcoin ETFs see $203m net daily inflows ahead of halving

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Spot Bitcoin ETFs, or exchange-traded funds, witnessed a net inflow of $203 million on Friday, April 6, continuing a trend for the fourth straight day. According to SoSoValue, Grayscale’s ETF, GBTC, saw its net assets decrease by $198 million on the same day, pushing its total net withdrawals to $15.51 billion. Meanwhile, BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, led the market with a single-day inflow of $308 million, raising its total inflows to $14.77 billion. Bitcoin ETFs saw a net outflow of $85.8 million on Monday,…