Tag: ETFs

Spot Bitcoin ETFs record new trading volume ATHs in 2 straight days

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Spot Bitcoin (BTC) ETFs have continued to attract interest from market participants, having recorded two new all-time highs in trading volumes over the past two days amid the latest Bitcoin uptrend. According to Santiment, the combined trading volume for the seven largest spot Bitcoin ETFs stood at $7.64 billion as of Feb. 26. This figure represents the current record high, having surpassed the previous record of $6.15 billion by $1.49 billion. Interestingly, the market witnessed the $6.15 billion high on Feb. 25, suggesting that the latest ATHs were attained in…

9 Spot Bitcoin ETFs Break All-Time Daily Volume Record

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Nine recently launched spot bitcoin exchange-traded funds (ETFs) broke their all-time daily volume record on Monday as the price of bitcoin soared. “It’s official…the new nine bitcoin ETFs have broken all-time volume record today with $2.4b,” said a Bloomberg ETF analyst, noting that Blackrock’s Ishares Bitcoin Trust (IBIT) “went wild,” breaking its record by about […] Original

South Korea to discuss NFT classification, Bitcoin ETFs with Gary Gensler

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Head of South Korea’s Financial Supervisory Service, Governor Lee Bok-hyun, is scheduled to discuss key regulatory issues with U.S. SEC Chairman Gary Gensler in May. The agenda includes potentially classifying non-fungible tokens (NFTs) as virtual assets and approving spot bitcoin exchange-traded funds (ETFs) in South Korea. Unlike cryptocurrencies, South Korea does not recognize NFTs as virtual assets due to their perceived minimal impact on financial markets. South Korea’s stance may change as speculative activities around NFTs increase, aligning with the rising value of major cryptocurrencies. The reclassification of NFTs as…

Galaxy Digital CEO Mike Novogratz predicts ETFs will drive Bitcoin adoption

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Mike Novogratz, CEO of Galaxy Digital, recently shared his insights on Bitcoin’s future and the role of Exchange-Traded Funds (ETFs) in boosting retail demand for digital assets. During an interview with Forbes, Novogratz highlighted the significant impact of traditional finance in driving Bitcoin’s next growth phase. His optimism follows the U.S. Securities and Exchange Commission’s approval of the first U.S.-listed spot bitcoin ETFs, a move he believes could mark the beginning of a new era for institutional and retail engagement in the cryptocurrency sector. ETFs are anticipated to play a…

Carson Group adds spot Bitcoin ETFs into $30b portfolio

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Omaha, Nebraska-based Carson Group is offering four-spot Bitcoin (BTC) ETFs to its clientele, according to Bloomberg. The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF in its investment offerings to clients. Grant Engelbart, the vice president and investment strategist at Carson Group, delineated the inclusion criteria, pointing out the substantial assets and vigorous trading volumes as key rationales behind choosing the frontrunners, BlackRock and Fidelity’s products.  The BlackRock iShares Bitcoin Trust (IBIT), with…