spot Bitcoin ETFs

ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time
Bitcoin

ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time

Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $87.5 million on April 2, the highest since its debut, according to preliminary data from Farside Investors. This outflow is equivalent to approximately 1,300 BTC. The amount surpasses outflows seen from Grayscale’s Bitcoin Trust (GBTC), which recorded $81.9 million on the same day.  This […]

Apr. 3, 2024
Bitcoin Falls Below $66K, Leads to $483M in Crypto Liquidations
Bitcoin

Bitcoin Falls Below $66K, Leads to $483M in Crypto Liquidations

Bitcoin (BTC) fell 5% to $65,970 from $69,450 in less than 30 minutes in the early hours of April 2 UTC. This marks a 10.60% drop from its peak of $73,798 reached in mid-March.  The price drop triggered a massive liquidation of over $483 million worth of leveraged crypto positions on centralized exchanges (CEXs) in […]

Apr. 2, 2024
Bitcoin ETFs Record $15M in Net Inflows as BTC Surges to $71K
Bitcoin

Bitcoin ETFs Record $15M in Net Inflows as BTC Surges to $71K

The net aggregate flow of funds to the spot Bitcoin (BTC) exchange-traded funds (ETFs) turned positive for the first time since March 15. According to provisional data published by investment firm Farsid, spot BTC ETFs registered inflows totalling $15.4 million on March 25. This marks a reversal of a trend that led to net outflows […]

Mar. 26, 2024
Grayscale’s Bitcoin ETF Outflows Jump to $1.8B This Week
Bitcoin

Grayscale’s Bitcoin ETF Outflows Jump to $1.8B This Week

Crypto asset manager Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a massive week of outflows, with March 18 seeing the largest single-day outflow of $643 million, according to data from Farside Investors.  The total outflow from Grayscale’s GBTC for […]

Mar. 22, 2024
Grayscale’s GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K
Bitcoin

Grayscale’s GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K

According to data compiled by BitMEX research, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF), GBTC, experienced a net outflow of approximately $643 million on March 18 as Bitcoin price continues to drop. This marked the biggest single-day loss since Grayscale converted its trust to a spot Bitcoin ETF on January 11. Concurrently, Fidelity’s Bitcoin ETF—the […]

Mar. 19, 2024
Bitcoin Price Slumps To $64K, Liquidations Tops $659M
Bitcoin

Bitcoin Price Slumps To $64K, Liquidations Tops $659M

The price of Bitcoin (BTC) faced a deep correction from its all-time highs during early-day trading on Tuesday. At the time of writing, the largest cryptocurrency by market cap was trading at $63,100, down nearly 7.51% over the past 24 hours. The price drop sparked massive liquidations of leveraged crypto positions worth over $659 million […]

Mar. 19, 2024
Bitcoin Falls Below $68K, Leads to $811M in Crypto Liquidations
Bitcoin

Bitcoin Falls Below $68K, Leads to $811M in Crypto Liquidations

Bitcoin (BTC) fell below the $68,000 mark in early-day trading on Friday after hitting a new high above $73,000 the previous day. At the time of writing, Bitcoin was trading at $67,141, nearly 8% down in the last 24 hours. The price correction triggered massive liquidations of positions worth more than $811 million in the […]

Mar. 15, 2024
Thailand SEC Allows Asset Firms to Access Spot Bitcoin ETFs for Accredited Investors
Bitcoin

Thailand SEC Allows Asset Firms to Access Spot Bitcoin ETFs for Accredited Investors

Thailand’s Securities and Exchange Commission (SEC) has greenlit asset management firms in the country to launch private funds to offer Bitcoin (BTC) exchange-traded funds (ETFs). However, these private Bitcoin ETF funds will only be available for institutional investors and “ultra-high-net-worth individuals.”  According to a March 12 report from the Bangkok Post, private funds managed by […]

Mar. 12, 2024
HashKey OTC Secures Major Payment Institution License
Crypto

HashKey OTC Secures Major Payment Institution License

In a historic event for the cryptocurrency sector, Hong Kong-based HashKey Group’s over-the-counter division, HashKey OTC, has received a Major Payment Institution license from the Monetary Authority of Singapore (MAS). Announced on February 28, this crucial milestone brings to light the crypto industry’s renewed emphasis on regulatory compliance, given global regulatory scrutiny during this period. HashKey […]

Feb. 29, 2024