Search results for: Grayscale SEC

Bitcoin ETFs Surge with Renewed Investor Interest

Is Bitcoin exchange-traded fund (ETF) fever making a comeback? Recent financial activities suggest so. After a period marked by significant outflows, Bitcoin ETFs are experiencing a resurgence as investors enthusiastically return to these products. According to data from Farside Investors, every single fund reported positive inflows yesterday, accumulating a total of $217 million. This trend […]

BNP Paribas Dives into Bitcoin ETF

In a notable shift within the financial sector, multinational bank BNP Paribas has taken its first steps into the cryptocurrency market by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). This move was disclosed through a Form 13F filing with the U.S. Securities and Exchange Commission (SEC) on May 1, revealing that the bank acquired […]

Tight Race in US Bitcoin ETF Market

The competition for dominance in the U.S. Bitcoin exchange-traded fund (ETF) market is intensifying, with the leading funds jostling for the top position. Grayscale Bitcoin Trust (GBTC) currently holds the crown with $18.7 billion in assets under management (AUM), equivalent to about 297,000 Bitcoin. Despite this, GBTC is facing significant pressure from BlackRock’s iShares Bitcoin […]

Bitcoin ETFs See First Major Outflows

The recent surge in investments into new Bitcoin exchange-traded funds (ETFs) has come to a sudden halt, with investors withdrawing nearly $218 million from these products yesterday, as reported by London-based Farside Investors. This significant retreat marks a pivotal shift in investor sentiment towards cryptocurrency investments, particularly in the face of economic signals and monetary […]

Bitcoin Weathers Market Storms Amid Global Tensions

The cryptocurrency market experienced a rocky start to the week, as geopolitical tensions and economic uncertainties prompted volatile trading. Despite a challenging environment, Bitcoin managed to regain some stability, showcasing the resilient nature of digital assets. Earlier this Friday, Bitcoin’s price dipped to a weekly low of $59,573, a noticeable decline from the $73,000 highs […]

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 […]

Bitcoin’s Rebound on Biden’s Rate Cut Hints

Bitcoin has shown signs of resilience and a notable rebound following U.S. President Joe Biden‘s optimistic statements regarding the potential for a rate cut within the year. This optimism comes in the wake of the latest CPI report figures for March, which indicated that inflation rates are holding steady at 3.5%, contrary to expectations for […]

Argentina’s Crypto Path Under Milei

When Javier Milei ascended to the presidency of Argentina, the fusion of libertarian ideals with the country’s leadership sparked anticipations across both traditional finance and digital asset spheres. Milei, known for his pro-Bitcoin stance, was expected to herald an era of increased cryptocurrency utilization in Argentina, South America’s second-largest economy. However, recent regulatory changes have […]