The post Goldman Sachs Underscores Bitcoin ETF’s Astonishing Success appeared first on Coinpedia Fintech News
Goldman Sachs has called the Spot Bitcoin ETF approval ‘a big psychological turning point’ and proved to be an astonishing success. The US SEC approval surprised many, which represented a tremendous shift in the overall perception of digital assets, which garnered massive institutional investment interest. The asset rallied more than 60% since the approval took …
Vanguard keeps investments like Bitcoin and Ethereum ETFs out of its offerings. Its decision is debatable but not new.
The post Bitcoin and Ethereum ETFs still off the table for Vanguard – it’s not surprising appeared first on Crypto Briefing.
BlackRock’s $20 billion spot Bitcoin ETF recorded inflows of over $102 million on May 28, while Grayscale’s ETF bled again.
US spot Bitcoin ETFs recorded $2 billion inflows in two weeks, with BlackRock's IBIT nearing largest ETF status amid market rally.
The post US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks appeared first on Crypto Briefing.
The post Why Ethereum ETFs May Not See the Same Success as Bitcoin ETFs appeared first on Coinpedia Fintech News
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s. …
The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions.
By approving bitcoin as an underlying product within the ETF space, the SEC has reduced risk at the base level of the asset, BitGo's Steve Scott writes. The only question is now will they invest?
The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News
The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. …
Sonnenshein's replacement will be Peter Mintzberg, currently head of strategy for asset and wealth management at Goldman Sachs.
The tides are turning in the cryptocurrency world, with institutional investors making a big splash in Bitcoin exchange-traded funds (ETFs) while retail investors seem content to bob on the sidelines. A recent report by IntotheBlock paints a picture of a two-tiered market, where hedge funds and even pensions are accumulating Bitcoin through ETFs, but the […]
This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.
Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.
Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed.
According to the Financial Times, the Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot Bitcoin (BTC) trading. The move aims to tap into the growing demand among Wall Street money managers seeking exposure to the crypto sector. The move marks a significant step for major Wall […]
International hedge fund Millennium Management has reported it holds $1.94 billion across five different spot Bitcoin ETF products.
Salim Ramji wants to stick with Vanguard’s investment philosophy which excludes offering Bitcoin as it is too speculative an asset.
The former BlackRock executive is replacing outgoing CEO Tim Buckley, effective July 8.
Last week, the US spot Bitcoin ETF market experienced a notable shift in investor sentiment. Positive inflows were reported, breaking a streak of outflows that had persisted for almost a month. The week concluded with a significant $116 million positive inflows, indicative of growing interest in the newly approved index funds. Notably, a new player […]
One of the issuers of spot Bitcoin exchange-traded funds (ETFs) in the US, WisdomTree, has announced the expansion of its WisdomTree Prime app to users in New York. Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin Expanded Custody And Stablecoin Services This development closely follows WisdomTree’s recent […]
Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism.
The post South Korea Poised to Greenlight Spot Bitcoin ETFs in June appeared first on Coinpedia Fintech News
South Korea is on the brink of a major financial development as the Democratic Party gets ready to introduce spot Bitcoin ETFs to the local market. This initiative reflects the party’s campaign promises and could radically change how cryptocurrencies are perceived and traded within the country. Initial Moves Toward Regulatory Change According to Blooming Beat, …
Bitcoin’s post-halving "danger zone" is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests.
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
The post Kraken’s CF Benchmark Projects $1B AUM in Hong Kong ETFs by 2024 as Per Bloomberg’s Report appeared first on Coinpedia Fintech News
As the Hong Kong ETFs is currently making news of their underperformance, CF Benchmarks, a branch of the cryptocurrency exchange Kraken and a benchmark for crypto exchanges is making huge gains from rise in spot Bitcoin exchange-traded funds (ETFs). The firm, which provides price data for the ETFs, is now handling $24 billion worth of …
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm's head of digital assets said.
The post Spot Bitcoin ETFs See $344 Million Withdrawals in April appeared first on Coinpedia Fintech News
The U.S. spot bitcoin ETFs saw $343.5 million withdrawn from the funds in April. The outflow streak extended to five days on Tuesday. The ETFs had been on an impressive run of inflows in January, February, and March. However, overall flows slowed significantly, with the bitcoin dropping by 18%. April’s outflows continued to be led …
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.
The US Congress could catalyze a more significant shift than introducing spot Bitcoin ETFs. Bitwise Chief Investment Officer Matt Hougan’s view underscores a pivotal moment for the crypto industry. Hougan suggests that 2024 could see “groundbreaking” legal frameworks that pave the way for mainstream stablecoin adoption, which might profoundly impact the crypto ecosystem. Related Reading: Coin […]
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event.