Category: Fiat

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]

Hong Kong’s Bold Crypto ETF Move

Hong Kong conditionally approved the first spot Bitcoin and Ethereum ETFs, marking a significant development in the region’s financial landscape. This approval aligns with OSL’s announcement of becoming a “sub-custodian partner” for ETFs managed by China Asset Management (ChinaAMC (HK)) and Harvest Global Investment. OSL’s CEO, Patrick Pan, expressed optimism that these ETFs could herald […]

BlackRock’s IBIT ETF Surpasses $18 Billion

BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as a monumental success in the world of cryptocurrency investments. Since its launch on January 11, IBIT has amassed over $15 billion in investments. This remarkable achievement highlights the growing interest and trust in Bitcoin as a viable asset class among traditional investors. The spot Bitcoin exchange-traded fund […]

Grayscale’s ETF Sees Lowest Bitcoin Withdrawals

Grayscale Bitcoin Trust, now operating as a spot Bitcoin ETF, reported its lowest daily withdrawal level on Wednesday since its transition in January. This marked decrease to just $17.5 million worth of BTC sold, compared to the high rates of over $150 million in the preceding days, has ignited optimism among investors and observers. The […]

Grayscale Navigates GBTC Outflows: Towards Equilibrium

In the wake of the debut of U.S. spot Bitcoin Exchange-Traded Funds (ETFs) in January, Grayscale’s Bitcoin Trust (GBTC) has been caught in a whirlwind of billion-dollar outflows. However, Grayscale CEO Michael Sonnenshein remains optimistic, stating that these outflows are nearing an “equilibrium,” a balanced state where the massive exits of investment might taper off. […]

Hong Kong Eyes Spot Bitcoin ETFs

The Hong Kong subsidiaries of leading China-based asset management firms, including Harvest Fund and Southern Fund, are taking bold steps towards introducing spot bitcoin exchange-traded funds (ETFs) in the administrative region. This initiative represents a notable pivot in the crypto investment landscape, particularly given the stringent restrictions on cryptocurrency trading and mining that prevail in […]

Surge in Crypto Fund Inflows Hits New High

In a remarkable week for cryptocurrency investment, funds under the stewardship of leading asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares have witnessed an impressive influx of $646 million globally, as detailed in the latest report by CoinShares. This financial injection comes on the heels of an already substantial $862 million inflow from […]

Grayscale’s ETF: A Rough Patch?

Grayscale’s Bitcoin spot ETF fund is experiencing turbulent times, with investors rapidly withdrawing their stakes amidst a flurry of activity towards competing funds. Since its shift to a spot Bitcoin ETF in January, the fund has seen an unprecedented outflow, surpassing $15 billion to date, marking the largest withdrawal any ETF has faced since March […]