Tag: ETFs

Spot bitcoin ETFs will make new market options, according to experts

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Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products. Cboe Global Markets’ Catherine Clay believes options are a natural progression for bitcoin ETFs. “We believe that the utility of the options, what they provide to the end investor in terms of downside hedging, risk-defined exposures into bitcoin, really would help the end investor and the ecosystem,” the firm’s global head of derivatives told CNBC’s “ETF Edge” this week. The Cboe, the largest U.S. options exchange, filed with the SEC on…

Most spot Bitcoin ETFs will not survive

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Grayscale’s Michael Sonnenshein backed the longevity of his firm’s spot Bitcoin ETF as it saw over $2.2 billion in outflows less a week after approval. Holding north of $25 billion in assets under management, Grayscale’s Bitcoin Trust (GBTC) ETF is the biggest spot Bitcoin exchange-traded fund of 11 funds authorized by the United States Securities and Exchange Commission (SEC) on Jan. 10. Grayscale also boasts the highest fees of the lot at 1.5%, but this will not deter its future success, according to CEO Michael Sonnenshein. Commenting on Bitcoin (BTC)…

Spot Bitcoin ETFs secure another 10,600 BTC in fifth-day trading surge

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Spot Bitcoin exchange-traded fund issuers accumulated an additional 10,667 Bitcoin (BTC) to their holdings by the fifth trading day, paralleling an uptick in trading volumes. According to data from the X account CC15Capital Bitcoin worth approximately $440 million was acquired by funds taking part in recent ETF approval. BlackRock’s ETF made the most considerable purchase with 8,700 BTC on Jan. 17, valued at nearly $358 million. Collectively, nine ETFs, excluding Grayscale, have amassed close to 68,500 BTC since their inception, now valued at around $2.8 billion. The recent acquisitions of…

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…