Tag: ETFs

Over $1b of spot Bitcoin ETFs traded, InQubeta presale draws investor interest

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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. The crypto community rang in the New Year on a positive note as the U.S. SEC approved spot Bitcoin exchange-traded funds (ETFs) on Jan. 10. Within the first 30 minutes of trading the next day, the batch of 11 spot Bitcoin ETFs raked in $1 billion collectively, as per market data.  The move came after applicants battled several regulatory challenges to roll out the product. By investing in these…

South Korea to revisit stance on spot Bitcoin ETFs

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The office of the President of South Korea called on the country’s financial regulator to reconsider the possibility of admitting spot Bitcoin (BTC) ETFs to trading in the country. Previously, the local Financial Services Commission warned South Korean companies that brokering transactions in foreign spot Bitcoin ETFs could violate capital market rules. A halt followed several local companies’ announcements in trading foreign BTC-based exchange-traded funds. On Jan. 18, the Office of the President of the Republic of Korea asked the South Korean Financial Services Commission (FSC) to refrain from issuing…

Spot Bitcoin ETFs net inflow approaches $3b

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Net inflows into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflows into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflows, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over…

Singapore’s MAS cautions investors against buying spot Bitcoin ETFs

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The Monetary Authority of Singapore has warned retail investors against buying spot Bitcoin ETFs following U.S. approval. The Monetary Authority of Singapore (MAS) has cautioned retail investors in the country against purchasing spot Bitcoin exchange-traded funds (ETFs) following the recent approval of such funds in the U.S. MAS, in response to inquiries from CNA, issued a cautionary statement for individuals considering engaging in the trading of these products in international markets, emphasizing that spot Bitcoin ETFs have not been approved as eligible assets for collective investment schemes (CIS). “Given this,…

Downside Risks for Bitcoin (BTC) Remains Despite Early Success of Spot ETFs, Observers Say

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$89,500,000,000 Asset Manager To Shut Down Bitcoin Futures Exchange-Traded Fund Days After Approval of Spot ETFs

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A financial services giant with nearly $90 billion in assets under its management is shutting down its futures Bitcoin (BTC) exchange-traded fund (ETF) just days after the U.S. Securities and Exchange Commission approved a slew of spot market BTC ETFs. According to a new press release, New York-based investment management firm VanEck says that it plans to close and liquidate the VanEck Bitcoin Strategy ETF, an exchange-traded product listed on the Chicago Board Options Exchange (CBOE). “As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings…

QCP Capital Forecasts ETH’s Dominance Over Bitcoin To Persist, Ethereum ETFs In Focus

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Over the past 30 days, Ethereum (ETH), the second-largest cryptocurrency, has experienced a notable surge of 17%, outperforming Bitcoin (BTC), which has recorded a surge of 2.5% over the same period.  This comes as the initial excitement surrounding the approval of the exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) appears to have waned, with BTC witnessing a 5% drop in the past seven days.  Interestingly, according to crypto trading firm QCP Capital, following the approval of Bitcoin ETFs, the focus has shifted to the potential launch…

Spot Bitcoin ETFs turned down by Thai SEC, investors eye global markets

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Thailand’s SEC has declined to allow trading of spot Bitcoin ETFs, citing that foreign-approved Bitcoin ETFs are still in nascent stages and may not align with the economic needs of the Thai market. The US securities market regulator’s recent approval of 11 Bitcoin exchange-traded funds (ETFs) has not swayed the Thai Securities and Exchange Commission to follow suit. The Thai regulator remains cautious, believing these ETFs, which have gained traction in foreign markets, may not be suitable for the Thai economic landscape at this stage. A report by Bangkok Post…

Bitcoin ETFs surpass triple the combined daily volume of 500 ETFs launched in 2023

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On Jan. 16, the total volume generated by 10 spot Bitcoin ETFs surpassed the cumulative volume of all 500 ETFs launched in 2023, exceeding it by more than three times. As per data from Yahoo Finance, the 10 newly approved spot Bitcoin ETFs collectively amassed a trading volume of just above $1.8 billion on Jan. 16, with Grayscale, BlackRock, and Fidelity’s offerings leading the way contributing $1.6 billion to the overall total. This volume significantly surpassed the combined $450 million trading volume of all 500 ETFs launched in the United…

Cantor CEO Makes Gold And Bitcoin ETFs Comparison, Foresees True Rally With Halving

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In a highly anticipated development, the United States Securities and Exchange Commission (SEC) granted regulatory approval for 11 spot Bitcoin ETFs, sparking excitement within the crypto community.  However, despite initial expectations of a significant price surge, the Bitcoin market has experienced an 8% price drop since the ETFs began trading. Bitcoin ETFs To Unfold Impact Over Time?  Drawing a comparison with the launch of the first Gold ETF, Cantor Fitzgerald Asset Management CEO, Howard Lutnick, noted that the immediate rush to buy the asset did not materialize. Lutnick remarks that…