Grayscale's CEO, Michael Sonnenshein, has expressed doubt about the sustainability of recently launched spot Bitcoin ETFs, asserting that the competition among these issuers to reduce fees won't prevent many from exiting the crypto market. During an interview with...
Wise Origin Bitcoin Trust by Fidelity Investments has become the second after BlackRock's spot Bitcoin ETF to cross the $1 billion mark of Bitcoin assets under management (AUM). This development came less than 24 hours after BlackRock crossed...
Flowdesk, a renowned French-based digital asset market maker, has raised $50 million in a Series B funding round to bolster its operations. The investment round was led by venture capital company Cathay Innovation and comprised contributions from Ripple,...
BlackRock's iShares Bitcoin ETF portfolio now comprises 99% of Bitcoin and about $1 billion in assets under management (AUM). This accomplishment marks BlackRock as the first among the new Bitcoin ETF issuers to reach such a substantial holding....
Bitwise has climbed up the ranks of top ETF issuers by assets under management (AUM) after it added over $63 million worth of Bitcoin tokens to its portfolio. On Thursday, January 18, Hunter Horsley, the CEO of Bitwise,...
Bitcoin's downward price trend may not be over, as various indicators and metrics suggest that a price correction may not occur until a new price surge is in view. Despite the recent successes of Bitcoin ETF issuers in...
Following the recent approval of multiple Exchange Traded Funds (ETFs) focused on Bitcoin by the US Securities Exchange Commission (SEC), speculation has intensified regarding the cryptocurrency's future trajectory. While some analysts anticipate a price dump for the world's...
Grayscale's spot Bitcoin ETF has witnessed a substantial outflow of approximately $1.1 billion within the last three days. This massive outflow from the fund followed a reduction in its discount to the lowest level in nearly three years. ...
Bitcoin futures ETF provider ProShares has wasted no time responding to the recent approval of spot Bitcoin ETFs in the United States. Six days after the green light for spot Bitcoin ETF trading, ProShares submitted a comprehensive application...
On Tuesday, January 16, 2024, ARK Invest bolstered its position in the cryptocurrency market by buying over $15.9 million worth of shares of its newly approved Bitcoin ETF. The ETF issuer bought over 365,427 shares of the ARK...
