BlackRock’s spot Bitcoin ETF (IBIT) continues to make headlines as it extends its daily inflow streak to 70 consecutive trading days. This remarkable trend places the ETF on a path that could see it matching the record-setting 160-day streak held by JP Morgan’s Equity Premium Income (JEPI). Since the fund began reporting its flows on […]
BlackRock’s Bitcoin ETF Nears Record Inflow Streak Read More »
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
Grayscale Launches New Low-Fee Bitcoin Mini Trust Read More »
Hong Kong’s Securities and Futures Commission (SFC) has granted conditional approval to several spot Bitcoin and Ethereum ETF applications. This move signals a growing institutional acceptance of digital assets within the region. China Asset Management and Harvest Global Investments initially announced these approvals. However, Harvest retracted its statement shortly afterwards, likely awaiting a formal announcement
Hong Kong Advances with Bitcoin and Ethereum ETFs Read More »
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
BlackRock’s IBIT ETF Surpasses $18 Billion Read More »
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’s ETF Sees Lowest Bitcoin Withdrawals Read More »
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.
Grayscale Navigates GBTC Outflows: Towards Equilibrium Read More »
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
Grayscale’s ETF: A Rough Patch? Read More »
The competition between Grayscale and BlackRock over Bitcoin spot exchange-traded funds (ETFs) illuminates the rapidly evolving landscape. Grayscale, once the unchallenged leader with its Grayscale Bitcoin Trust (GBTC), faces a formidable challenge from BlackRock’s iShares Bitcoin Trust (IBIT), signalling a pivotal shift in investor preferences and strategies. Grayscale’s initial advantage—a product that operated much like
The ETF Battle: BlackRock vs. Grayscale Read More »
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