COIN was one of the best-performing stocks in 2023, but has dropped by almost a third since the start of 2024. Original
Bitcoin ETFs Pose Risk for Coinbase Stock, Leverage Shares Says
Tag: ETFs
Bitcoin ETFs Launch Google Ad Campaigns To Attract Investors
After the approval and launch of spot Bitcoin ETFs (Exchange-Traded Funds) by the US Securities and Exchange Commission (SEC), ETF issuers have extensively promoted their products on different media platforms to attract retail investors. Bitcoin ETF Issuers Looking To Attract Retail Investors At the end of January, giant technology company Google changed its advertisement policy to allow crypto fund managers to advertise crypto products in the search engine. Beginning on January 29, the company would “update the Cryptocurrencies and related products policy to clarify the scope and requirements for the…
Bitcoin ETFs See $700M Net Inflows as IBIT, FBTC Gains Offset GBTC Outflows
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South Korea eyes US SEC’s approach to spot Bitcoin ETFs for regulatory insight
South Korea’s Financial Supervisory Service (FSS), the nation’s primary financial regulator, is setting its sights on the United States for guidance on the intricacies of spot Bitcoin exchange-traded funds (ETFs). With a mission to oversee financial institutions, the FSS operates under the larger umbrella of the Financial Services Commission. In a significant move, FSS chief Lee Bok-Hyun announced a detailed business strategy for the coming year during an event in Seoul on Feb. 5, highlighting plans for engagements with major financial markets, notably New York, to further discussions on the…
LPL Financial to evaluate spot Bitcoin ETFs ‘three months’ before joining the market
LPL Financial, the largest U.S. independent broker-dealer, takes a measured approach, conducting a three-month evaluation before entering the spot Bitcoin ETF market. The San Diego-headquartered broker-dealer is planning a thorough three-month evaluation before deciding to join the spot Bitcoin exchange-traded fund (ETF) market, citing concerns that some of the ETFs might eventually shut down, causing problems for advisers. In an interview with Bloomberg, Rob Pettman, executive vice president of products and platform management at LPL Financial, said that the $1.4 trillion investment giant wants first to see “how they work…
BlackRock and Fidelity’s Bitcoin ETFs break into top 10 with $4.8b January inflow
BlackRock and Fidelity’s spot Bitcoin ETFs have entered the top 10 ETFs with the highest inflows in January, amassing around $4.8 billion. The iShares Bitcoin Trust by BlackRock secured eighth place with an impressive $2.6 billion in net flows, closely followed by the Fidelity Wise Origin Bitcoin ETF, which captured tenth place with $2.2 billion, according to a Feb. 3 report from Morningstar research analyst Lan Anh Tran. This influx contrasts sharply with the Grayscale Bitcoin Trust, which experienced the second-highest outflows among ETFs, losing an estimated $5.7 billion. Nate…
Why Is Bitcoin Price Not Going Up Despite The ETFs? Expert
In a recent analysis, Fred Krueger, the former founder and chairman of Traffic Marketplace, offered a nuanced explanation for the seemingly paradoxical situation where the Bitcoin price has fallen despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity. Since January 11, the first trading day of the ten spot ETFs, the Bitcoin price has currently plunged by 13% (over 21% at times). Why Is Bitcoin Price Not Going Up? Krueger’s insights, shared via X (formerly Twitter), delve into the complex dynamics…
BlackRock and ProShares’ Bitcoin ETFs Surpassed GBTC’s Daily Volumes
Grayscale has led trading volumes among all bitcoin ETFs since their listing in early January. Most of these volumes have contributed to selling pressure in the past few weeks as GBTC investors took profits and shifted to other providers, some banks have previously stated. Original
Analyst Sees Spot Ethereum ETFs Fueling Bull Run
A crypto analyst, Eric, believes Ethereum (ETH) could spike to $20,000 in the upcoming bull run. The analyst said the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States will propel this upswing. Ethereum To $20,000 Possible In a post on X, Eric cited Ethereum’s historical tendency to mirror Bitcoin (BTC), albeit with a one-cycle lag. In the previous bull market, the analyst noted that Bitcoin surged 22-fold from $3,100 to $69,000. Therefore, if Ethereum follows a similar trajectory, reaching $20,000 would be a realistic possibility. Ethereum price…
Bitcoin ETFs surge with $247m inflow as BTC nears $44k again
Spot Bitcoin ETFs witnessed a net inflow of $247 million for the first time a week. This divergence in fund flows was particularly evident among the other nine ETFs, excluding Grayscale, which collectively saw a net inflow of $467 million. Data from SoSo Value shows that BlackRock’s ETF IBIT recorded a single-day net inflow of $299 million, constituting 64% of the total net inflows this week. Bitcoin ETF net inflow | Source: SoSo Value However, Grayscale’s Bitcoin Trust (GBTC) reported a substantial net outflow of $220 million in a contrasting…