Inflows into spot Bitcoin exchange-traded funds (ETFs) surged to a two-week peak as the cryptocurrency experienced a 7% surge following the release of significant US inflation data. On May 15, inflows for spot Bitcoin ETFs in the United States reached $303 million amid a notable increase in BTC prices. This marked the highest level of … Read more
According to reports from the Financial Times, the Chicago Mercantile Exchange (CME) is considering launching Bitcoin trading services to tap into the growing demand for Bitcoin among Wall Street fund managers. The CME has reportedly engaged in discussions with cryptocurrency traders regarding the establishment of a regulated marketplace for Bitcoin transactions. While the plans are … Read more
International hedge fund Millennium Management has unveiled that it possessed nearly $2 billion worth of spot Bitcoin ETFs in the first quarter of this year. According to its 13F filing with the United States Securities and Exchange Commission, Millennium held a combined $1.94 billion across five primary spot Bitcoin ETFs as of March 31. The … Read more
Canadian fintech company DeFi Technologies revealed on Tuesday that its subsidiary, Valour, has rolled out what it claims to be the world’s first yield-bearing Bitcoin exchange-traded product (ETP). The product allows investors in Nordic markets to gain exposure to BTC while earning a 5.65% yield. Olivier Roussy Newton, CEO of DeFi Technologies, expressed excitement about … Read more
In a recent memo, Matt Hougan, Chief Investment Officer at Bitwise, provided a comprehensive analysis of the early adopters of Bitcoin Exchange-Traded Funds (ETFs) based on 13F filings with the SEC. His analysis highlights a notable embrace of Bitcoin ETFs by professional investment firms, signaling a potential shift in the landscape of BTC investments. Since … Read more
The State of Wisconsin Investment Board (SWIB) has entered the cryptocurrency market with a substantial investment of $99 million in BlackRock’s Bitcoin ETFs, specifically iShares Bitcoin Trust (IBIT). This significant purchase, revealed through a recent filing with the U.S. Securities and Exchange Commission (SEC), underscores the increasing pattern of institutional involvement in Bitcoin exchange-traded funds … Read more
On Monday, Paradigm, a crypto over-the-counter liquidity network, announced the launch of a block trading facility on the leading derivatives exchange Deribit for options linked to major alternative cryptocurrencies MATIC, SOL, and XRP. Paradigm stated on X that clients can now execute block trades in Polygon (MATIC), Solana (SOL), and Ripple (XRP). These linear options … Read more
VanEck’s spot Bitcoin exchange-traded fund (ETF) saw substantial growth in the first quarter of 2024. According to a recent filing with the Securities and Exchange Commission (SEC) by the VanEck Bitcoin Trust, the HODL Bitcoin ETF experienced a $109 million increase in net assets during the first fiscal quarter of 2024, which ended on March … Read more
Following bitcoin’s decline below $61,000 on Friday, spot bitcoin and ether exchange-traded funds (ETFs) listed in Hong Kong experienced significant outflows on Monday. Data from Farside Investors revealed that spot bitcoin ETFs issued by ChinaAMC, Harvest Global, Bosera, and Hashkey collectively saw outflows of $32.7 million on Monday, a substantial increase compared to previous outflows, … Read more
Coinbase, a United States-based cryptocurrency exchange, experienced a widespread system outage, rendering its services inaccessible for desktop and mobile users. The exchange officially acknowledged the outage on its status page, stating that a “major outage” commenced at 4:15 am UTC on May 14. Visiting the website currently displays a “503 Service Temporarily Unavailable” error message, … Read more