Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day – CoinDesk
bitcoin price (Bitcoin) It fell another 4.5% on Thursday to a one-month low of $40,800. The decline is roughly in line with the CoinDesk 20 Index, which tracks the world's largest and most liquid cryptocurrencies, which is currently down 4.6% over the past 24 hours. Since the newly approved Spot Bitcoin ETF began trading on […]
The early winner in the bitcoin ETF race has raked in $1 billion – CNBC
Traditional asset management giants are all set in the race to gain a foothold in Bitcoin exchange-traded funds after a strong first week of results. As Bernstein analyst Gautam Chughani highlighted in a note to clients on Thursday, BlackRock's iShares Bitcoin Trust (IBIT) was one of the first spot Bitcoin ETFs approved last week. has […]
Bitcoin surpasses silver to become second largest ETF commodity in the US – The Block – Crypto News
After just one week of trading, Bitcoin ETFs have surpassed silver ETFs in terms of assets under management in the US. ”Bitcoin BTC +0.08% “In the US, ETFs have outperformed silver ETFs in terms of size due to the tremendous interest they have received from the market,” Jag Cooner, head of derivatives at Bitfinex, told […]
China's Sudden Stock Rally Points to ETF Buying by State Funds – Yahoo Finance
(Bloomberg) — Chinese stock benchmarks rallied in afternoon trading, with volume surging in some major exchange-traded funds (ETFs), prompting speculation that buying by state-run funds could be behind the reversal. is increasing. Most Read Articles on Bloomberg The Huatai Pine Bridge CSI 300 ETF's trading value soared to 15.3 billion yuan ($2.1 billion) on Thursday, […]
Bitcoin and ETF traders are overstating the impact of GBTC selling – Cointelegraph
The Spot Bitcoin (BTC) exchange-traded fund (ETF) product debuted on January 12th. The first trading session was somewhat confusing as investors had no idea what the actual inflow amounts were and market makers themselves faced various problems with the liquidation schedule for each financial instrument. Still, the Bitcoin spot-based ETF's $4.66 billion in volume was […]
Ripple CEO expects more crypto ETF approvals: Davos 2024 – Cointelegraph
Ripple CEO Brad Garlinghouse believes the approval of multiple Bitcoin exchange-traded funds (ETFs) in the US could pave the way for similar crypto investment products to be launched in 2024. There is. busy Speaking to CNBC correspondent Arjun Karpal in Davos on January 16, Garlinghouse stopped short of definitively predicting that the XRP ETF would […]
Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF – Cointelegraph
Grayscale's Spot Bitcoin (BTC) Exchange Traded Fund (ETF)'s discount rate narrowed to its lowest level in nearly three years, causing investors to rush out of the fund over the past three days. The transaction took an estimated $1.1 billion out of the fund. There was an estimated outflow of $594 million on the third day […]
Bitcoin ETF Fever Fades. Coinbase Has a Bigger Challenge This Week. – Barron's
The debut of the first Spot Bitcoin exchange-traded fund was a “selling news” moment not only for the digital asset but also for Coinbase Global Stocks. But despite last week's hype, Coinbase's real challenges are still on the way. The first test of that will come Wednesday, when a federal judge is scheduled to hear […]
BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple – CoinDesk
The Wall Street machine needs to be fed, and pushing more crypto ETFs is an obvious choice, especially given the focus on Bitcoin. (Bitcoin) The products have been collected. This essentially means thousands of salespeople meet to showcase a new product, explain its features, and see if people want to buy it. But sell the […]
Spot Bitcoin ETF: Vanguard Reps Apologizing for Crypto Stance – CoinGape
It has only been about a week since the Spot Bitcoin ETF product went live in the US, but one of the movement's main critics, Vanguard Asset Management, has already reversed its stance on the product. Spot Bitcoin ETF: Is Vanguard changing its stance? Vanguard Group surprised the crypto ecosystem last week by reiterating its […]