Bitcoin keeps touching new levels of adoption in the real world, with traditional finance (TradFi) firms embracing the digital asset at a remarkable pace. The significant investment in spot Bitcoin exchange-traded funds (ETFs) signifies growing institutional interest in crypto assets. Last quarter, a staggering number of U.S. banks, investment managers, hedge funds, and professional firms bought spot Bitcoin ETFs, as seen in their 13F filings with the Securities and Exchange...
Read More »Spot Bitcoin ETFs Saw 4th Consecutive Day of Inflows, Totaling $257M Yesterday
CoinspeakerSpot Bitcoin ETFs Saw 4th Consecutive Day of Inflows, Totaling $257M Yesterday Grayscale's Bitcoin Investment Trust (GBTC) witnessed the first net inflow of $4.64 million since its conversion in January after it had experienced huge net outflows. Spot Bitcoin ETFs Saw 4th Consecutive Day of Inflows, Totaling $257M Yesterday
Read More »Ethereum Products Bleed Funds Amidst Regulators’ Silence on ETF Application
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors Brace for Delay in Spot Ethereum ETF Approval CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report revealed...
Read More »Bracebridge Capital Becomes Largest Spot Bitcoin ETF Holder
Bracebridge Capital, a hedge fund that manages the finances of institutions like Yale University and Princeton University, has emerged as the largest holder of various spot Bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission. The Boston-based firm disclosed its ownership of shares in Ark Invest, BlackRock, and Grayscale U.S. spot Bitcoin ETFs. Hedge Fund’s $434 Million Crypto Holdings The breakdown of Bracebridge...
Read More »Crypto Investment Products Record Highest Inflows in 5 Weeks
CoinspeakerCrypto Investment Products Record Highest Inflows in 5 Weeks The United States recorded the highest crypto investment inflows, totaling $135 million. Crypto Investment Products Record Highest Inflows in 5 Weeks
Read More »Bitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation
CoinspeakerBitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet. Bitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation
Read More »Second Daily Outflows Witnessed by Hong Kong’s Bitcoin Spot ETFs since Launch
CoinspeakerSecond Daily Outflows Witnessed by Hong Kong’s Bitcoin Spot ETFs since Launch In a similar manner to the Hong Kong spot Bitcoin ETFs, their US counterparts also experienced a net outflow of $11.29 million on Thursday. Second Daily Outflows Witnessed by Hong Kong’s Bitcoin Spot ETFs since Launch
Read More »ESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion
CoinspeakerESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion ESMA wants feedback by August 7, 2024, about whether UCITS can include assets other than traditional stocks and bonds. ESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion
Read More »JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
CoinspeakerJPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs. JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
Read More »Hong Kong Bitcoin ETFs See First Outflows Since Launch
Hong Kong’s Bitcoin ETFs experienced their first setback after launching on April 30, following their first cumulative daily BTC outflows on Monday. The outflow came from the China Asset Management Bitcoin ETF, while the other Hong Kong-based products had no flows. Hong Kong ETFs See Modest Inflows According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million on Monday. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported “zero” flows...
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