Global #Bitcoin ETF

The Securities and Exchange Commission (SEC) of Thailand has approved One Asset Management (ONEAM) as the pioneer firm to introduce a spot Bitcoin exchange-traded fund (ETF) in the nation.

BlackRock and Fidelity's Bitcoin exchange-traded funds (ETFs) have contributed significantly to their overall ETF inflows this year, constituting 26% and 56% of their respective year-to-date inflows.

BlackRock's income and bond-focused funds have acquired shares of the company's own spot Bitcoin ETF, as revealed by regulatory filings. In the first quarter, BlackRock’s Strategic Income Opportunities Fund (BSIIX) purchased $3.56 million worth of iShares Bitcoin Trust (IBIT) shares, while its Strategic Global Bond Fund (MAWIX) bought $485,000 worth, according to SEC filings dated May 28.

On May 16, there was a notable increase in inflows for the US spot Bitcoin ETF, reaching $257 million. This surge can be attributed to the rising optimism and enthusiasm surrounding Bitcoin ETFs.

In the recent 13F filings with the United States Securities and Exchange Commission (SEC), over 600 firms have disclosed substantial investments in the spot Bitcoin ETF.

Vanguard, a major asset management firm, has appointed Salim Ramji, a former executive at BlackRock known for his Bitcoin-friendly stance, as its new CEO.