Bitcoin ETF

Spot Bitcoin exchange-traded funds (ETFs) had an incredible $403 million inflow on Feb 8th, the third-largest capital inflow since the ETFs’ launch. This spike in investment happened at the same time as the price of Bitcoin broke above $46,000, setting a new multi-week high. Despite over $100 million exiting the prominent Grayscale Bitcoin Trust (GBTC), […]

According to provisional data from Farside Investors, Fidelity’s spot Bitcoin exchange-traded fund (ETF), FBTC, attracted a staggering $208 million in daily inflows on Jan. 29. This marks a significant achievement for the fund as it surpassed the outflows from the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. In contrast, GBTC experienced […]

According to Bitcoin Magazine, Google has updated its policy to allow cryptocurrency trust products to be advertised in the United States. Google search pages now feature ads for Bitcoin spot ETFs from issuers such as BlackRock, VanEck, and Franklin Templeton. Google recently revised its advertising guidelines, allowing cryptocurrency trusts to promote their products. This includes […]

Hong Kong has reportedly received its first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) just two weeks after the United States Securities and Exchange Commission approved the first spot BTC ETF in the US. According to a Jan. 29 Tencent report, the Hong Kong branch of Harvest Fund Management, a major Chinese asset […]

BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]

FTX, the now-defunct crypto exchange, has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). According to CoinDesk, which cited “private data” and anonymous sources, FTX aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it held in the GBTC fund.  The report […]

Bitcoin’s famed economist and outspoken cryptocurrency critic, Peter Schiff, has expressed a significant warning about its future path. Through several recent social media posts, Schiff conveyed his concerns about potential regulatory changes that could profoundly affect the cost and functionality of Bitcoin transactions. His emphasis is specifically on the regulatory direction led by Securities and […]

Crypto trader Ash Crypto is optimistic about Bitcoin’s future, projecting a surge to $500,000 with the recent approval of spot Bitcoin exchange-traded funds (ETFs). According to Ash Crypto, comparing BTC to gold, the precious metal’s market cap soared from $2 trillion to $16 trillion in just a few years after the approval of gold ETFs. […]

The United States crypto market recently witnessed widespread jubilation following the long-anticipated spot Bitcoin Exchange-Traded Funds (ETFs) approval. However, the elation was not universal, as dissenting voices, including SEC Commissioner Caroline Crenshaw, raised critical concerns. On Jan 10, Commissioner Crenshaw, one of two commissioners voting against the approval, issued a statement expressing her reservations. She […]