Tag Archives: bitcoin etf

The Purpose Bitcoin ETF (BTCC) – the world’s first Bitcoin exchange-traded fund – has struggled to compete with its U.S. counterparts since its January debut. The Canadian fund has lost 20% of its Bitcoin (BTC) under management over the past three months, despite rising demand and record-high prices for the asset during that time. Purpose Is Losing Bitcoin According to Purpose Investments’ website, the company held 27,871 BTC, worth $2.56 billion CAD ($1.89 billion USD) as of...

CoinspeakerBlackRock Adds Goldman Sachs, Citigroup, Others, to Spot Bitcoin ETF Authorized Participants BlackRock is set to pump liquidity of its IBIT ETF by adding multiple Authorized Participants, with a new total of nine. BlackRock Adds Goldman Sachs, Citigroup, Others, to Spot Bitcoin ETF Authorized Participants

CoinspeakerAustralian Asset Manager Monochrome Gears to Launch Spot Bitcoin ETFs by July The Australian Securities Exchange (ASX) has already granted approval to Monochrome thereby expecting the Cboe to clear the application by June.  Australian Asset Manager Monochrome Gears to Launch Spot Bitcoin ETFs by July

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago. However,...

CoinspeakerCrypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports A recent research conducted by Coinbase said the market is poised for a positive second quarter despite the recent corrections that saw Bitcoin retrace to $65,000 on April 2, 2024.  Crypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports

CoinspeakerDigital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down While the Bitcoin investment products registered strong inflows, the Ethereum products registered their fourht consecutive week of outflows. Digital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down

Bitcoin has been trading around $70,000 after a major retracement that dragged the leading crypto asset below $63,000 briefly. Despite a few flat trading sessions, data reveals that a pump could be in the offing that could further trigger a new wave of buying pressure. CryptoQuant’s latest analysis reveals a remarkable surge in USDC deposits, surpassing $1.4 billion on Coinbase. $1.4 Billion USDC Inflow Stablecoins serve as a bridge between traditional finance and the digital...

CoinspeakerBitcoin ETFs Witness 4th Consecutive Day of Surging Inflows, Amass 500K BTC Worth $35B Despite­ the uncertainty regarding Ethere­um ETFs, the overall projection for Bitcoin is favorable­. Bitcoin ETFs Witness 4th Consecutive Day of Surging Inflows, Amass 500K BTC Worth $35B

Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds (ETFs) will continue for years as more investors and institutions adopt the products. In a tweet detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated 3% of their client’s portfolios to Bitcoin ETFs and those who have not nursed the thoughts at all, showing a gap in the...

CoinspeakerBitwise CIO Predicts Potential Trillion-Dollar Inflows into Bitcoin Spot ETFs Hougan's bullish prediction is based on Bitcoin's impressive growth of nearly 300% over the past 15 months. Bitwise CIO Predicts Potential Trillion-Dollar Inflows into Bitcoin Spot ETFs