Economist and gold bug Peter Schiff has cautioned that the approval of spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could negatively impact spot bitcoin ETFs and bitcoin. Speculation is high that the SEC will approve spot ether ETFs this week, as the securities watchdog faces two impending deadlines. Peter…
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Out of the top 25 hedge funds in the United States, 13 have entered the market by investing in the ETFs during the first quarter. Point72, the renowned hedge fund with $34 billion in assets under management, has revealed its investment in the Fidelity Wise Origin Bitcoin Fund (FBTC). According to a recent filing, Point72…
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Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin. The players donated a portion of their in-game coins to Durov as a gesture of gratitude for the messaging app that hosts the crypto game. The donated haul has now…
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Hong Kong’s entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading. The figure falls extremely short of the $4.6 billion achieved by the 11 spot Bitcoin ETFs in the United States. These new…
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BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, although this figure decreased from the…
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Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are anticipated to remain robust leading up to the Bitcoin halving, according to Santiment, an on-chain analytics firm. In a recent post on X, the company noted that Bitcoin ETF volume has not slowed down since the asset’s mid-March all-time high. Santiment said that trader activity continues to be higher than…
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Digital asset investment products experienced a positive turnaround in sentiment as inflows reached a total of $862 million last week, almost fully recovering from the record outflows of $931 million in the prior week. According to a recent report by CoinShares, Bitcoin (BTC) products attracted almost all of the inflows, drawing around $865 million. The report said that…
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The US Securities and Exchange Commission (SEC) has instructed First Trust Advisors and SkyBridge Capital, the hedge fund led by former White House Communications Director Anthony Scaramucci, to mark their Bitcoin exchange-traded fund (ETF) application as abandoned. The regulatory notice, released on Wednesday, stated that the registration statement needed to be declared abandoned due to…
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Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs). The ETFs have been available to clients for several weeks, a source familiar with Bank of America’s plans told Reuters. The move follows the Securities and Exchange Commission’s (SEC) approval of these investment vehicles…
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The recent launch of exchange-traded funds (ETFs) tracking Bitcoin (BTC) has sparked concerns among experts about the potential risks that could emerge as cryptocurrencies become further intertwined with the traditional financial system. The Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs earlier this month, marking a significant moment for the crypto industry, which…
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