In Brief US-listed spot Bitcoin ETFs saw $115 million net inflows Thursday, showing steady institutional interest despite recent market volatility. BlackRock’s iShares Bitcoin Trust led with $410 million inflows, while ARK 21Shares Bitcoin ETF faced $132 million outflows, highlighting mixed fund flows. BTC’s price rose 2% to $104,007, and futures open interest increased slightly by…
Read more
In Brief JPMorgan reveals substantial Bitcoin ETF holdings, highlighting significant involvement in crypto. The bank’s investments include shares in various Bitcoin ETFs, totaling over $805,954 in value. Disclosure underscores strategic approach amid growing institutional interest in digital assets. JPMorgan Chase & Co., the largest bank in the United States, has revealed its substantial Bitcoin exchange-traded…
Read more
In Brief SWIB’s $99 million investment in BlackRock’s iShares Bitcoin Trust. This strategic purchase reflects growing institutional investments. JPMorgan and Wells Fargo have also disclosed substantial holdings. The State of Wisconsin Investment Board (SWIB) has made a significant move in the cryptocurrency market by purchasing $99 million worth of BlackRock’s Bitcoin ETFs, iShares Bitcoin Trust…
Read more
In Brief Pension funds eye Bitcoin ETFs after Fidelity’s launch. Major shift as institutions warm to crypto investments. Bitcoin’s mainstream acceptance could grow significantly. The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments…
Read more
In Brief Hong Kong approves first spot Bitcoin ETF, boosting BTC to $66,000. China Asset Management partners with OSL Digital and BOC International. Spot Bitcoin exchange-traded fund aims to make Hong Kong a top crypto hub. In a pivotal development for the financial sector, the Hong Kong Securities and Futures Commission (SFC) has granted China Asset Management…
Read more
iShares Bitcoin Trust also added ABN AMRO Clearing and UBS Securities in the new prospectus. BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The ETF, which has been live since January 11, 2024, allows investors to gain exposure to Bitcoin…
Read more
Quick Take The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research. BitMEX data shows that BlackRock IBIT marked a notable achievement with a…
Read more
In short Experts express trust in Charles Schwab’s support in the Bitcoin ETF race, expecting an early passage. Nate Geraci immovably expresses that a Bitcoin ETF send off by Charles Schwab soon is inescapable. Gary Gensler, Chair of the SEC, has made it clear that he does not endorse Bitcoin and emphasizes that his approval…
Read more
In a nutshell Brad Garlinghouse, CEO of Ripple, offers expert commentary on the current trends and potential future developments in the Bitcoin ETF market. At the hour of distribution, Gold keeps up with its top situation as the main resource, by market cap, detailing a significant $95 billion. Remain informed on advancing crypto patterns with…
Read more
In a word Bitcoin ETF dispatches have prompted altcoins beating Bitcoin, with experts recommending this could happen more from now on. Bitcoin’s predominance has dropped by 6% since the ETFs send off last week, with forecasts it could tumble to 40% this year. Regardless of a potential market remedy following ETF endorsements, altcoins are driving…
Read more
