spot Bitcoin ETFs

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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), […]

Bitcoin acts more as a safe-haven asset and an asset for investors to pursue high-quality assets in economic uncertainty. The ARK Invest CEO has been expecting this trend to continue, especially with the ease with which investors can now trade Bitcoin using spot Bitcoin ETFs. According to the CEO of ARK Invest, here is what […]