Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees.
On Jan. 16, spot Bitcoin ETFs generated $1.8 billion in volume — more than three times the combined trading volume that same day of all 500 ETFs launched in 2023.
The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey.
Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.
The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The trading of U.S. spot Bitcoin ETFs brought all-time high weekly trading volumes for crypto investment products, according to CoinShares.
The U.S. Securities and Exchange Commission said its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week.
After initially revealing their fees on Monday, several providers then reduced them spying the impending battle for market share that would ensue once the funds were approved.
Several firms have filed applications for spot ether ETFs, including BlackRock.
A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.
The Zürich-based banking giant's decision contrasts with Vanguard's decision to bar customers from buying bitcoin ETFs.
From hacks to unnecessary delays to ungracious statements, the SEC chair has made few friends as he finally approves these in-demand BTC products for the first time.
Vanguard, one of the largest asset managers in the world, is preventing customers from buying the newly approved bitcoin ETFs.
ARK Invest's CEO previously predicted the price to reach $1 million by 2030.
They make the asset class "less of a scary concept" to mainstream audiences, bitcoin advocate Jameson Lopp said.
Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.
The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.
Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.
Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Franklin Templeton, the $1.5 trillion asset manager, gave its famous logo a glowing, crypto-y tweak after the SEC approved bitcoin ETFs, possibly girding for a tough battle with BlackRock and other Wall Street giants.
Finney, who died in August 2014, was also the first person besides Bitcoin’s pseudonymous creator, Satoshi Nakamoto, to download and run Bitcoin’s software.
Spot bitcoin ETFs are launching in the U.S. on Thursday. Here's what the issuers and exchanges behind these products have to say.
One X account has maintained radio silence after it unwillingly “bungled” the spot Bitcoin ETF announcement when it was hacked a day earlier.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler conceded that the regulator's loss in court over rejecting Grayscale's application for a spot bitcoin exchange-traded fund (ETF) left it little recourse but to approve about a dozen such proposals Wednesday.
Is an ETF at odds with Bitcoin’s goal of breaking away from Wall Street? Absolutely. Is that same ETF also necessary for crypto to grow? Also yes.
Over $100 billion is now stashed in gold ETFs that trade in the U.S., the world's largest capital market. Will bitcoin ETFs grow to this size?