Hong Kong approved the launch of several spot bitcoin and ethereum exchange-traded funds (ETFs). … [Read more...] about Hong Kong approves first bitcoin and ether spot ETFs
Hong Kong may launch spot bitcoin ETFs in April
Hong Kong’s financial regulator, the Hong Kong Securities and Futures Commission (SFC), is likely to allow launching of spot bitcoin ETFs as soon as this month, according to Bloomberg. … [Read more...] about Hong Kong may launch spot bitcoin ETFs in April
BlackRock bitcoin ETF holdings surpassed 250,000 BTC
BlackRock's IBIT spot bitcoin exchange-traded fund reached 252,011 BTC (~$17.8 billion) in assets under management, just 3 months after trading began. … [Read more...] about BlackRock bitcoin ETF holdings surpassed 250,000 BTC
Vanguard’s cautious stance on Bitcoin ETFs reflects broader industry apprehensions
In a financial landscape increasingly embracing cryptocurrency, Vanguard's CEO Tim Buckley's skepticism towards Bitcoin exchange-traded funds (ETFs) stands out. This hesitation underscores a wider apprehension within the investment community about the integration of digital currencies into traditional investment vehicles. … [Read more...] about Vanguard’s cautious stance on Bitcoin ETFs reflects broader industry apprehensions
BofA’s Merrill and Wells Fargo offering bitcoin ETFs to clients
Wealth management giants, Bank of America’s Merrill and Wells Fargo, are offering the approved ETFs to some wealth management clients with brokerage accounts who request the products, Bloomberg reported, citing people familiar with the matter. … [Read more...] about BofA’s Merrill and Wells Fargo offering bitcoin ETFs to clients
BlackRock bitcoin ETF sees record Inflows, holdings reach new heights
In a significant milestone for the cryptocurrency market, BlackRock's bitcoin exchange-traded fund (ETF) has experienced record inflows, propelling its holdings to unprecedented levels. Reports indicate that the ETF's holdings have surged past 100,000 BTC, reflecting a growing appetite for digital assets among institutional investors. … [Read more...] about BlackRock bitcoin ETF sees record Inflows, holdings reach new heights
Bitcoin-friendly president wins re-election in El Salvador
El Salvador’s pro-bitcoin president Nayib Bukele declared his win in the 2024 presidential election held on Sunday. … [Read more...] about Bitcoin-friendly president wins re-election in El Salvador
A new chapter for crypto after bitcoin ETFs approval
The long-awaited debut of spot Bitcoin exchange-traded funds (ETFs) marks a significant milestone in the cryptocurrency industry's journey towards mainstream acceptance. After years of speculation and anticipation, these financial products, which allow direct investment in Bitcoin rather than derivatives, are set to start trading, heralding a new era for digital assets. … [Read more...] about A new chapter for crypto after bitcoin ETFs approval