Tag: ETFs

Bitcoin ETFs see $55m net outflow, as BTC drops to $65k

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Spot Bitcoin ETFs, or exchange-traded funds, saw a net outflow of $55 million on Friday, April 12. The data signals a reversal after ETFs enjoyed two consecutive days of inflow worth nearly $215 million.  Bitcoin ETFs ahead of halving According to data from SoSo Value, the largest outflow on Friday came from Grayscale’s GBTC, which saw $166 million withdrawn. GBTC continues to see large outflows ahead of the halving, as the ETF also shed $154.9 million on Monday, April 8. Conversely, the largest inflow on Friday came from BlackRock IBIT,…

Hong Kong to reportedly approve first Bitcoin, Ethereum ETFs

Hong Kong regulators are poised to authorize the launch of Bitcoin and Ethereum ETFs. According to Bloomberg’s insights, the approval could be announced as early as April 15. If ETFs are approved, Hong Kong will become the first country in Asia to provide functioning Bitcoin and Ethereum ETFs.  An international division of Harvest Fund Management Co. from China and a joint venture between Bosera Asset Management (International) Co. and HashKey Capital are expected to be among the first recipients of approval for the spot crypto ETFs. The approvals are currently pending final checks. Both…

Hong Kong Could Approve Spot Bitcoin (BTC), Ether (ETH) ETFs as Early as Monday: Bloomberg

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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…

Hong Kong-Listed Bitcoin (BTC) ETFs Could Unlock Upto $25B in Demand as Yuan Falls, Matrixport Says

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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…

A Deep Dive into the SEC’s Upcoming Decision on Spot ETH ETFs Amidst Market Speculation

While I can’t speak to what any regulator will approve, I think it’s important to look at other regions and how regulatory approvals of ETFs transpired. For example, the first spot bitcoin ETF was approved in Canada in early 2021. A few months later, ether ETFs gained approval and began trading. Now, there are over 11 ETFs, including a mixed cryptocurrency ETF and an ether-staking ETF. If the same pattern follows, an ether ETF approval can be near. Source

Spot Ether (ETH) Exchange-Traded Funds (ETFs) Still Have No More Than 50% Chance of Approval in May: JPMorgan

The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some of the ETF applications by May 23. The SEC approved spot bitcoin (BTC) ETFs in January, stirring speculation in some quarters that versions for ether, the token of the Ethereum blockchain, may follow suit. Source

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