Category: Fiat

Bitcoin ETFs See Major Outflows Amid Market Volatility

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed at the end of April. Preliminary data from SoSoValue indicates that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 […]

U.S. Spot Bitcoin ETFs Experience Record Outflows

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This sharp decline in investor interest primarily affected the Grayscale Bitcoin Trust (GBTC), which saw the highest net outflows of $121 million, and the Ark Invest […]

Australia Enforces Crypto and Credit Card Gambling Ban

The Australian government has officially enforced a ban on gambling sites accepting crypto and credit cards, a regulation that was announced last year. As of today, the compliance window has closed, and online gambling portals in Australia now face potential fines up to $155,000 for violations. This move is part of a broader effort to […]

Spot Bitcoin ETFs Experience Sudden Outflows

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According to data from Farside Investors, this reversal is notable as the last instance of net outflows occurred nearly a month prior, on May 10, with […]

Bitcoin ETFs Surge Despite Market Volatility

Amid a tumultuous week in the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have seen a significant influx of funds, securing nearly $2 billion worth of BTC deposits, as reported by CoinShares. Last Friday, the price of Bitcoin took a steep dive below $69,000, a sharp decline influenced by unexpectedly robust jobs data from the U.S. […]

Thailand Launches Its First Bitcoin ETF

Thailand is set to introduce its first spot Bitcoin exchange-traded fund (ETF), marking a significant step forward in the nation’s embrace of regulated Bitcoin investment vehicles. The Thai Securities and Exchange Commission (SEC) has approved asset manager One Asset Management (ONEAM) to launch the ONE Bitcoin ETF Fund, as reported by the Bangkok Post. This […]

FTX Nears $200M Settlement with IRS

Bankrupt cryptocurrency exchange FTX is on the verge of settling a $24 million claim from the U.S. Internal Revenue Service (IRS) for a substantial $200 million. This proposed settlement, still awaiting court approval, would address one of the more complex and substantial claims within the myriad of legal challenges amounting to billions of dollars that […]

Franklin Templeton Sets Low Fee for Ether ETF

Franklin Templeton has taken a groundbreaking step in the competitive landscape of cryptocurrency funds by announcing an incredibly low management fee for its upcoming Ether spot ETF. This move is set to shake up the Ether ETF market significantly. In a recent S-1 filing with the Securities and Exchange Commission (SEC), Franklin disclosed that the […]