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Tag Archives: bitcoin etf

BlackRock Exec Reveals IBIT Inflows Driven by Strong Investor Interest 

In an interview with Bloomberg, Rachel Aguirre, the head of product at BlackRock U.S. iShares, revealed that the firm’s spot Bitcoin ETF (IBIT) has witnessed a surge in inflows, predominantly coming from retail investors and newcomers to the cryptocurrency space. This revelation follows the impressive performance of IBIT, which has maintained its lead in total volume among U.S. spot Bitcoin ETFs. BlackRock’s IBIT Records Impressive Inflows As of the third day of trading, data...

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VanEck To Close Bitcoin Strategy ETF One Week After Spot ETF Approval

Mutual fund and ETF provider VanEck has announced plans to delist the VanEck Bitcoin (BTC) Strategy ETF from the Chicago Board Options Exchange (CBOE) after January 30. The fund – which trades under the ticker XBTF – is a Bitcoin futures ETF. That means it offers investors Bitcoin price exposure through investing in Bitcoin futures contracts. VanEck Gives Up Futures ETF Per the company’s Wednesday statement, VanEck’s Board of Trustees approved a decision to liquidate the...

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Ethereum’s Market Dominance Over Bitcoin Surges Double Digits Amid ETF Approvals

Even with significant capital flowing into the recently introduced spot Bitcoin ETFs, the anticipated positive influence on BTC’s price is yet to materialize. Bitcoin experienced a decline of more than 5% following the approvals last week. In contrast, Ethereum recorded an almost 8% rise over the same period despite struggling to sustain the $2,600 level. Data suggest that the price dominance of the world’s largest altcoin continues to surge against Bitcoin. Ethereum’s...

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Bybit: Bitcoin ETF Approval Marks Watershed Moment for Investors

Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail investors. On January 10, 2024, the Securities and Exchange Commission (SEC) granted approval to 11 prominent financial companies, including Grayscale...

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Former BitMEX CEO Arthur Hayes Says Bitcoin ETFs Could Attract Billions of Dollars

While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices. In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of Bitcoin (BTC) for investors, citing market inefficiency and its uncorrelated behavior with traditional assets as key factors attracting billions in capital from...

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Bitcoin Steals the Show With 98% of Weekly Inflows, Solana Trails Behind: CoinShares

Digital asset investment products experienced a $1.18 billion increase in inflows last week, according to CoinShares. This figure, however, did not surpass the previous high set in October 2021 when futures-based Bitcoin ETFs garnered a total of $1.5 billion. The latest edition of “Digital Asset Fund Flows Weekly Report” further revealed that the trading volumes for Exchange-Traded Products (ETPs) did break records by reaching $17.5 billion last week, marking the highest...

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Crypto Community Reacts to Vanguard’s Anti-Bitcoin Stance

Asset management giant Vanguard’s decision to block clients’ access to the just-approved spot Bitcoin exchange-traded funds (ETFs) has elicited unpleasant reactions from the crypto community. According to several posts on the social media platform X, community members believe Vanguard’s days are numbered as the asset manager’s clients exit their accounts in droves. Numbered Days Following the U.S. Securities and Exchange Commission’s (SEC) approval of the first wave of spot...

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New Bitcoin Spot ETF Attracting Capital from Other Products, Says JPMorgan

JPMorgan predicts that a lot of money currently invested in other crypto instruments will be re-directed to the Bitcoin spot ETF. Even before the Bitcoin spot ETF was approved, industry experts had already predicted that it would be high in demand. Given how many years companies in the crypto space pursued an ETF, that was to be expected. But now, a report from JPMorgan casts light on just how popular the new crop of spot Bitcoin ETFs has been. As per the report, a lot of the capital...

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Here’s a Timeline of Events Leading to Spot Bitcoin ETF Approval in The US

Earlier this week, a long wait for the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States ended after the Securities and Exchange Commission (SEC) approved 11 products for listing and trading on several national exchanges. The journey began ten years ago, and there are industry participants who laid the foundation for the SEC’s decision, which now represents a major step toward legitimizing the crypto asset class. The First Application and Rejection In...

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Was the Spot Bitcoin ETF Approval Sell-the-News Event? BTC Tumbled by $7K in 2 Days

Arguably the most anticipated development in the cryptocurrency industry over the past decade became reality earlier this week when the US Securities and Exchange Commission greenlighted numerous spot Bitcoin ETFs. 11 such products reached the markets on Thursday, and the volumes exceeded $4 billion on the first trading day. Amid this, BTC faced mindblowing volatility that included a price dump from over $49,000 to under $42,000. Was it Bound to Happen? Bitcoin skyrocketed to...

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