Global #crypto ETFs

The cryptocurrency exchange-traded fund (ETF) landscape is evolving rapidly after the massive success of Bitcoin spot ETFs in the U.S. Following Bitcoin’s significant rise, a growing list of altcoins is emerging as potential candidates for their own ETFs.

On November 5, the iShares Bitcoin Trust (IBIT) experienced its largest outflow since its inception, with a $44.2 million withdrawal.

Bitcoin Exchange-Traded Funds (ETFs) have emerged as a dominant force in the digital asset investment space, reshaping the landscape since their approval earlier this year.

On November 1, the Bitcoin Spot ETF experienced net outflows of $54.9 million, marking the first outflow after a week of steady inflows.

Balance, a long-established Canadian crypto custodian, has recently achieved qualified custodian status. This milestone marks a significant step towards bringing the safekeeping of Canadian-issued crypto ETFs back to domestic shores.

Despite global markets embracing crypto exchange-traded funds (ETFs), Japan remains cautious. The country, once seen as a crypto pioneer, has faced regulatory hurdles, primarily due to the scars of past scandals like Mt. Gox.