Tag: ETFs

BlackRock’s IBIT leads spot Bitcoin ETFs with $14.7b in AUM

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BlackRock spearheads proceedings with 203,754 BTC accumulated for investors in under three months as the Bitcoin ETF market expands.  BlackRock’s iShares Bitcoin ETF (IBIT) boasts a notional value of $14.7 billion as of March 11, according to the asset manager’s official data updated on March 12. Excluding Grayscale’s converted GBTC ETF, this makes IBIT the largest Bitcoin (BTC) ETF among the nine new funds approved on Jan. 10 by the U.S. SEC. iShares Bitcoin ETF holdings | Source: BlackRock The closest issuer to BlackRock was Fidelity’s FBTC, with $9.2 billion…

ETFs have brought more short-term volatility to bitcoin but may help long-term

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A big selling point of bitcoin exchange-trade funds was their potential to reduce bitcoin’s notorious volatility over time. But what’s happened so far is that big swings are back in the world of cryptocurrency. Just look at last week. Bitcoin climbed to an all-time high —its first record in more than two years — only to quickly fall by as much as 10% before bouncing back up to yet another new record. The bitcoin 30-day historical volatility index has been sitting at its highest levels in 11 months as leverage…

We Have to Make It Easier For People to Own Crypto Directly (Not Just With ETFs)

Bitcoin, on the other hand, has long carried the mantle of “digital gold” — all the scarcity of a commodity without the traditional transportation and storage costs required with physical goods. Why then do we bother with ETFs, which are effectively a wrapper, instead of owning your own digital gold in your own digital wallets? Because cryptocurrency is still in its early developmental phase and products such as wallets and exchanges are still complex and daunting for the vast majority. Source

Indian retail and institutional investors to gain access to popular US Bitcoin ETFs

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Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U.S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India. CEO and co-founder Edul Patel highlighted the significance of this move, in an exclusive statement, particularly for institutional clients, stating, “this is much more valuable to institutions, as this was already available to retailers.”  The platform will introduce four spot ETFs in its initial phase, featuring offerings from BlackRock, Fidelity, Franklin Templeton, and Vanguard. Operating with a subsidiary registered with the…

Ethereum ETFs – What’s Casting Doubt On Their Fate?

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The fervor surrounding the eagerly awaited Ethereum spot Exchange-Traded Fund (ETF) has hit a roadblock as regulatory silence between the US Securities and Exchange Commission (SEC) and asset managers raises doubts about the imminent approval. Regulatory Riddles Surrounding Ethereum’s Fate Despite the crypto market’s optimistic outlook for Ethereum’s spot ETF, the SEC’s noticeable lack of commentary has set off alarm bells. Eric Balchunas, Bloomberg’s senior ETF analyst, has flagged this radio silence as a “negative sign,” pointing out that the SEC had previously commented on Bitcoin spot ETFs. The absence…

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

“This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform to offer this service.” Source

Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing ‘Runaway Momentum’ in Spot Bitcoin ETFs

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Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted […] Original

New Bitcoin ETFs and Grayscale Control a Combined 4% of BTC Supply, Valued at $53 Billion

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The latest figures reveal that the nine new spot bitcoin exchange-traded funds (ETFs) now control 390,525.3 bitcoins, valued at just over $26 billion at current market rates. These nine ETFs are rapidly approaching the holdings of Grayscale’s Bitcoin Trust (GBTC), which presently has 405,713.31 bitcoins in its possession. Emerging Bitcoin ETFs Challenge Grayscale’s Reign Collectively, […] Original

Bitcoin ETFs surpass traditional assets, MicroStrategy expands to $700m investment

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MicroStrategy CEO Michael Saylor sees Bitcoin ETFs outpacing gold and rivaling the S&P 500, with the company preparing a $700 million Bitcoin investment. “We thought that maybe Bitcoin was a competitor to gold, but it has actually run up the leaderboard, and now it’s starting to nip at the heels of the S&P 500 Index ETFs,” Saylor said. According to the MicroStrategy chief executive, Bitcoin ETFs could soon outperform gold ETFs, traditionally the largest commodity ETFs in the United States. Michael Saylor: #Bitcoin ‘Gold Rush’ 2024-2034: The era of mass…