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Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
18.5.2024
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement...
Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift
17.5.2024
Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine...
Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings
16.5.2024
According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares. This week, it was further revealed that Morgan Stanley, a giant multinational investment...
Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF
16.5.2024
Salim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as...
Vanguard Appoints Crypto-Friendly Salim Ramji as CEO, Sparks Speculation on Bitcoin ETFs
15.5.2024
Salim Ramji, a former executive at Blackrock renowned for his leadership in Ishares and Index Investments, and for overseeing the filing for Blackrock’s Ishares Bitcoin Trust, has been appointed the new CEO of Vanguard, signaling a potential shift in the asset management firm’s stance...
Ethereum ETFs Face Uphill Battle With SEC: Analyst Foresees Possible Delay Until 2025
13.5.2024
A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different regulatory considerations....
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
10.5.2024
Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little change from the previous quarter, as stated in...
New South Korean leadership will press for BTC ETF trading
7.5.2024
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
5.5.2024
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices...
Standard Chartered Warns Bitcoin Price Could Fall to $50K
3.5.2024
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
2.5.2024
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect...
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
1.5.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves...
Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase
30.4.2024
Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter,...
Crypto investment funds see $435M outflow as bull market stalls amid rising inflation concerns
29.4.2024
Concerns over rising inflation and flat spot Bitcoin ETF inflows could be factors in the $435 million outflow from crypto investment funds last week
Australia’s top exchange may approve spot Bitcoin ETFs this year: Report
29.4.2024
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew
Morgan Stanley to Broaden Availability of Spot Bitcoin ETFs: Report
26.4.2024
Morgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global...
Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC
23.4.2024
The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since...
Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC
23.4.2024
Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below...