After four weeks of sustained outflows totaling over $1 billion, spot bitcoin exchange-traded funds (ETFs) in the United States have finally seen a return to net inflows, amassing $116.8 million last week. This marked change was led predominantly by Fidelity’s FBTC and Ark Invest’s ARKB, signaling a potential shift in investor sentiment towards these investment […]
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The cryptocurrency investment landscape has witnessed a historic milestone as the spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have shattered previous records for rapid asset accumulation. According to Bloomberg’s senior ETF analyst Eric Balchunas, these funds have amassed over $10 billion in assets under management at an unprecedented pace. BlackRock’s iShares Bitcoin Trust
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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
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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
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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
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In a landmark event for Asia’s financial markets, Hong Kong witnessed the trading debut of six new spot Bitcoin and Ethereum ETFs on Tuesday, with over $80 million Hong Kong Dollars (approximately $10 million USD) in shares traded, as per data from the Hong Kong Exchange. This pioneering move establishes Hong Kong, a special administrative
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Bitcoin’s recent fourth halving event has now been in effect for four days, offering analysts ample data to assess its early impacts on the cryptocurrency’s market dynamics and broader financial implications. As anticipated, the halving has significantly reduced Bitcoin’s supply inflation rate. Previously, each Bitcoin block, mined approximately every ten minutes, produced 6.25 BTC. Post-halving,
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Hong Kong’s Securities and Futures Commission (SFC) has made a significant move in the cryptocurrency market by officially approving several spot Bitcoin and Ethereum exchange-traded funds (ETFs). This development marks a notable advancement in the accessibility of cryptocurrency investments in the region. The approved ETFs include products from ChinaAMC, Harvest, and Bosera HashKey, with the
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