Category: ETF
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SEC Further Extends Date for Decision on Invesco Galaxy Spot Ethereum ETF
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The US Securities and Exchange Commission (SEC) has postponed its decision on whether or not to approve the proposed Invesco Galaxy exchange-traded fund (ETF) product for a third time. With the latest delay, the agency has until July 5 to make its final decision on the spot ETF order. The…
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Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time
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In a somewhat shocking development, Bitcoin Gray Box (GBTC) She recorded her first ever stream after watching Large daily flows Since its launch. Grayscale Bitcoin ETF records inflows of more than $60 million Grayscale’s Spot Bitcoin ETF finally broke its 82-day streak of outflows since its launch on January 11,…
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Bitwise First To Join New Spot Bitcoin ETF Transparency Dashboard By Hoseki
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HosekiA leader in Bitcoin and blockchain verification solutions has unveiled Hoseki Verified, a new verification product aimed at enhancing transparency and trust in the cryptocurrency industry, with a focus on verifying the assets of Bitcoin exchange-traded funds (ETFs), according to the press. The release was submitted to Bitcoin Magazine. This…
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Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
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Coinbase, the largest cryptocurrency exchange in the United States, released its earnings report for the first quarter of 2024, reporting total revenue of $1.6 billion, an increase of 72% quarter-over-quarter. The performance was driven by rising crypto asset prices and the launch of spot bitcoin ETFs in the US which…
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Second Largest European Bank is Buying Bitcoin ETF: 13F SEC Fillings
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BNP Paribas, the second-largest European bank, recently bought exposure to Bitcoin through an exchange-traded fund. 13F filings with the Securities and Exchange Commission . BNP Paribas bought BlackRock’s iShares Bitcoin Trust ETF (IBIT), filings show. JUST IN: ?? The second largest European bank, BNP Paribas, announces exposure to… #Bitcoin ETF…
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Fidelity: Pension Funds Exploring Bitcoin Investments on ETF Approval
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Fidelity, a major financial services company, says retirement funds have begun exploring investing in Bitcoin, especially after Bitcoin exchange-traded funds were approved earlier this year. BREAKING: Wall Street giant Fidelity says pension funds are starting to explore #Bitcoin And encryption Gradually then suddenly ? pic.twitter.com/8vBz4Bf02t — Bitcoin Magazine (@BitcoinMagazine) May…
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Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market
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Kraken’s CF Benchmarks achieve dominance in the cryptocurrency ETF market with $24 billion worth of benchmark data, and are poised to expand amid an unprecedented surge in demand. CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, is making big gains from this year’s rise in bitcoin exchange-traded funds (ETFs). The…
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BTC Price Surges Above $59K as Spot Bitcoin ETF Outflows Ease Up
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After days of suffering huge losses that led to its price rising to $56,500, Bitcoin rebounded on Thursday and during the early hours of Friday. This coincided with a slowdown in outflows from spot bitcoin exchange-traded funds (ETFs) in the United States compared to the record outflows of the previous…
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Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1
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Coinbase released its Q1 2024 report, showcasing a massive 72% QoQ increase in total revenue to $1.6 billion. This increase was accompanied by a significant net income of $1,176 billion, representing an increase of 1,588% year over year. This figure represents a turnaround from a net loss of $79 million…
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BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
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Bitcoin exchange-traded funds (ETFs) in the United States recently observed a noteworthy trend, marked by a period of six consecutive days of outflows. Notably, BlackRock’s IBIT ETF experienced its first case of outflows just yesterday. This development coincides with Bitcoin going through its most challenging month since the aftermath of…
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Is Litecoin Next? Proposed ETF Could Bolster Crypto’s Mainstream Appeal
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The world of cryptocurrencies is abuzz with the potential arrival of a new exchange-traded fund (ETF): the Litecoin ETF. The proposed ETF, championed by Litecoin founder Charlie Lee, aims to gain the coveted approval from the US Securities and Exchange Commission (SEC). Lee, full of optimism, recently spoke about the…