Tag Archives: bitcoin etf

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...

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...

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...

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...

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...

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...

The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down in history as the year with the most news and developments in terms of ETFs as numerous companies filed for such products for BTC...

The chairman of the Securities and Exchange Commission (SEC) has doubled down on his criticisms of Bitcoin (BTC) despite approving a slew of exchange-traded funds for the asset earlier this week. During an interview with CNBC on Friday, the chairman argued that Bitcoin boasts few use cases aside from illicit activity, and has ironically trended toward centralization across time. The Irony Of Bitcoin ETFs Bitcoin descended 6% to $43,500 on Thursday as many investors rotated...

After a challenging decade of attempts, the US Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs. These products enable retail customers and traditional financial institutions to access Bitcoin’s price through standard brokerage apps without relying on crypto exchanges. This excitement is being reflected in the prices of altcoins as data indicates a notable influx of capital into the crypto market. Spot Bitcoin ETF Frenzy Boosts Capital Inflow At the...

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin...