Tag: ETFs

Major Japanese companies want to prioritize Bitcoin and Ether for crypto ETFs

boss

A group of Japanese financial institutions urge the government to focus on major tokens such as Bitcoin and Ether in talks of allowing exchange-traded funds for cryptocurrencies. According to a Bloomberg report, a group of Japanese companies lodged a series of proposals on Oct. 25 with a title that translates into “Recommendations for the composition of crypto assets ETFs, etc. in Japan”. The country remains on the fence about whether it will permit the instrument. In the group’s proposal, it states that the majority of voices agree that if Japan…

Bitcoin (BTC) ETFs Will Soon Hold One Million Tokens, Nearly as Much as Satoshi

boss

Fueled most recently by major inflows into the funds as bitcoin (BTC) rallies into the election, the ETFs, which only opened for business on Jan. 11 of this year, currently hold roughly 967,459 tokens. With just a modest continuation of inflows, they are likely to cross the one million mark in the next couple of weeks, bringing them into the territory of Satoshi Nakamoto, who owns 1.1 million tokens, per Blockchain.com data. Original

Spot Bitcoin ETFs record outflows of $79.1m led by ARK and 21Shares’s ARKB

boss

Spot Bitcoin exchange-traded funds in the United States recorded significant net outflows on Oct. 22, ending their seven-day inflow streak, with all the outflows attributed to ARK 21Shares’s ARKB. Data from SoSoValue revealed that the entire $79.1 million net outflow on Oct. 22 stemmed from ARK 21Shares’ ARKB, which saw a substantial $134.74 million exit from the fund. This marks the highest single-day outflow since the ETF’s inception, a sharp contrast to the strong inflows witnessed in recent weeks. These outflows were partially offset by BlackRock’s IBIT, the largest asset…

Spot Bitcoin ETFs remain off Japan’s agenda, says major Asian asset manager

boss

Japan’s regulators remain cautious on spot crypto ETFs despite a global shift towards approval, according to Sumitomo Mitsui Trust Asset Management. Japan‘s regulators maintain a cautious stance on spot crypto exchange-traded funds, diverging from the more progressive approaches seen in markets like the U.S. and Hong Kong. In an interview with the Financial Times, Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management, one of Asia’s largest asset managers with more than $620 billion in assets under management, indicated that Japanese authorities are currently not in a position to…

Spot Bitcoin ETFs record $294m inflows despite BTC retreating below $67K

boss

Spot Bitcoin exchange-traded funds recorded $294.29 million in net inflows on Oct. 22 even as Bitcoin’s price fell below $67,000. On Oct. 22, Bitcoin saw a price drop of 3.25%, falling from an intraday high of $69,227 to a low of $66,975. This decline contributed to over $167 million in long liquidations across the crypto market, with Bitcoin alone accounting for $40.53 million of these liquidations, second only to Ethereum, which saw $55.9 million in long liquidations. At the time of writing, Bitcoin (BTC) was trading at around $67,500, down…