The Grayscale Bitcoin Trust (GBTC), the world’s largest Bitcoin exchange-traded fund (ETF), has seen continued outflows for an entire month. According to Bloomberg data, GBTC witnessed $7.4 billion exiting the fund across 31 consecutive trading days as of Monday. This stands in stark contrast to the other nine newly launched spot Bitcoin ETFs, which have all…
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The United States Securities and Exchange Commission (SEC) has opened the floor for public comments regarding a proposed rule change that would allow the listing and trading of options for Bitcoin (BTC) exchange-traded funds (ETFs). In a notice published on February 23, the New York Stock Exchange (NYSE) requested a rule modification that would permit options…
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Coinbase has thrown its support behind Grayscale’s application to convert its Ethereum (ETH) Trust into a spot Ether exchange-traded product (ETP). In a 27-page letter shared on February 22, Coinbase’s chief legal officer, Paul Grewal, outlined the legal, technical, and economic rationale for the Securities and Exchange Commission (SEC) to approve an Ether-based ETP. One…
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Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have witnessed a remarkable surge in trading volume, reaching the highest levels since their debut last month. According to Bloomberg Intelligence senior ETF analyst Eric Balchunas, the volume amounted to nearly $2 billion, the highest level since the first day of trading on January 11. VanEck’s HODL…
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Galaxy Asset Management’s global head Steve Kurz expects top wirehouses to increase their involvement in spot Bitcoin (BTC) ETFs within the next year. “I’d be surprised in the next year if the top 10 wirehouses are not involved in this… We will probably see institutional FOMO,” he told FOX Business on February 19 during the…
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The price of Bitcoin (BTC) is expected to soar beyond $80,000 this year thanks to the recent success of exchange-traded funds (ETFs), according to Bitwise Chief Investment Officer Matt Hougan. The approval of Bitcoin ETFs has shattered records and triggered an influx of funds into the cryptocurrency since mid-January. In a recent interview, Hougan highlighted…
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Securities and Exchange Commission (SEC) Chair Gary Gensler has remained tight-lipped regarding spot Ethereum (ETH) exchange-traded funds (ETFs). When questioned about the possibility of a decision and the timeline for approval, Gensler said that the process would follow the same approach as Bitcoin (BTC) ETFs. Still, he refrained from providing any specific details or a…
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Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows. According to Bloomberg intelligence analyst Eric Balchunas, the leading 14 gold ETFs have experienced outflows of $2.4 billion in 2024 as of February 14. Among the gold ETFs, only three have seen…
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Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC). Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin (BTC) trust, which the firm wants to convert to a spot Bitcoin exchange-traded fund…
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The price of Ethereum (ETH) exhibited superior performance compared to Bitcoin (BTC) in the previous week, mostly because of the registration of Blackrock’s Spot ETF, which instilled optimism that ETH will surpass its previous peak in 2023 and exceed $2,500. In a groundbreaking twist since the Ethereum (ETH) Shanghai upgrade earlier this year, the value…
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