Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data. The United States spot Bitcoin exchange-traded funds (ETFs) have seen their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise Origin Bitcoin Fund…
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The forecast mirrors the growing demand for ETFs, as evidenced by recent positive inflows in the U.S. Bitcoin ETF market. Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction…
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Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data. Gold proponent Peter Schiff has questioned market pundits who have set a Bitcoin price target of $100,000 in the current bull run. Schiff also took a dig at spot Bitcoin exchange-traded funds (ETFs) and the demand…
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Young Ju noted that new BTC whales have an on-chain cost basis of around $56,000 and expects substantial capital influxes into the spot Bitcoin ETF market if BTC dips to this price level. CryptoQuant CEO Ki Young Ju has predicted a resurgence in the spot Bitcoin exchange-traded fund (ETF) market if the price of BTC…
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Key Points: Democratic Party supports South Korean spot Bitcoin ETFs, while the ruling party raises concerns. Debate continues post-election as financial authorities deliberate on the issue. Regulatory hurdles persist, with warnings against brokering overseas-listed Bitcoin ETFs. According to Yonhap News, The opposition Democratic Party of South Korea has unveiled plans to greenlight the domestic issuance,…
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Out of 5,535 “newborn” ETFs that launched in the United States over the last 30 years, only two have acquired over $3 billion in assets in the first month. BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have tallied more assets in their first month of trading than any ETF launched in the United States over…
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A report from Bitfinex suggests that miners are either selling Bitcoin holdings or leveraging coins to raise capital. The launch of Bitcoin exchange-traded funds (ETFs) in the United States has directly influenced miners’ BTC reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading.…
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The position of BlackRock’s Bitcoin ETF could have been higher had it not missed the first seven trading days on the NASDAQ while it awaited approval from the SEC. BlackRock’s iShares Bitcoin exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped $3.19…
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Tie’s strong exhibition in 2023 shows rising interest for stablecoins and closer ties between crypto firms and the conventional monetary framework. Tether, a stablecoin issuer, had a successful 2023, earning $6.2 billion in net profits primarily from passive income from USDT stablecoin reserves supported by US Treasury securities. Over the course of the past year,…
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In spite of forceful selling by the Grayscale Bitcoin Trust ETF, every one of the 10 spot Bitcoin ETFs altogether added almost 19,000 BTC in January. Update, February 1 at 12:15 UTC: Added the most recent openly revealed information from BlackRock’s iShares Bitcoin Trust and rectified the complete figures. The Grayscale Bitcoin Trust (GBTC) trade…
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