Tag: ETFs

Traditional investors prefer Bitcoin ETFs to gold 

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Investor sentiment in Bitcoin ETFs reflects a growing preference for the crypto over traditional gold despite both reaching unprecedented price levels. Bitcoin and gold are often seen as protective measures against inflation and valuable assets, but this year has marked a notable divergence in investor behavior. Recent data reveals gold ETFs experienced withdrawals totaling approximately $4.6 billion.  Conversely, Bitcoin ETFs approved by the SEC on Jan. 11 witnessed $8 billion in net investments, marking a record debut for the financial instruments. There is no second best! #Bitcoin absolutely demolishing gold…

Bitcoin ETFs under review by South Korean regulators, FSS governor shares insights

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South Korean financial regulators are currently in discussions about potentially allowing spot Bitcoin exchange-traded funds (ETFs) within the country.  Lee Bok-hyun, serving as the governor of the Financial Supervisory Service (FSS), revealed ongoing discussions within South Korea’s regulatory bodies. In a recent radio interview, he highlighted that authorities are contemplating the approval of Bitcoin Spot ETFs, with Lee pointing out the mixed opinions within the regulatory bodies. He emphasized ann optimistic stance towards virtual assets against a backdrop of more cautious perspectives from other officials. The discussion around the approval…

Spot Bitcoin ETFs start the week strong, attracting $562 million in inflows

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Spot Bitcoin ETFs began the week on a strong note, attracting over $562 million in inflows on Monday amid the impressive Bitcoin (BTC) market run that has seen the asset surge 21% over the past week. BitMEX Research disclosed this in its latest update on capital flows into the Bitcoin ETF market. Data confirms that the entire market saw an influx of 8,377 BTC tokens valued at $562.7 million on March 4 despite the Grayscale Bitcoin Trust (GBTC) sustaining its trend of capital outflows. [1/4] Bitcoin ETF Flow – 04…

BlackRock seeks to purchase more Bitcoin ETFs

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Investment giant BlackRock has filed a new application with the U.S. Securities and Exchange Commission (SEC) to buy more Bitcoin (BTC) ETFs. According to an updated filing on the regulator’s website, BlackRock wants to buy more Bitcoin ETFs for its Strategic Income Opportunities Fund. “The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.” BlackRock filing BlackRock’s fund, listed under the…

Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell […] Original

Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report

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Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill […] Original

Bank of America, Wells Fargo add spot Bitcoin ETFs to offering

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Two wealth managers on Wall Street will support spot Bitcoin ETFs nearly two months after the products debuted on major U.S. exchanges.  Bank of America’s Merrill Lynch and Wells Fargo will allow clients with brokerage accounts to trade spot Bitcoin (BTC) ETFs following billions in demand eight weeks after it became available. Bloomberg first reported the news, citing unnamed sources with intimate knowledge of the matter. Spot Bitcoin ETF issuers include some of the largest asset managers in the U.S., such as BlackRock and Fidelity. However, wirehouses and traditional banks…