BlackRock’s Bitcoin ETF Records First $0 Daily Inflow
BlackRock’s iShares Bitcoin Trust (IBIT) saw its first day with $0 inflows since its US debut in January. After consistently attracting millions daily, totaling nearly $15.5 billion in 71 days, the streak ended on April 24. The BlackRock iShares Bitcoin Trust (IBIT) has experienced its first day without inflows since January, when Bitcoin ETFs were […]
Hong Kong Spot Bitcoin and Ethereum ETFs Trading Debut April 30
Hong Kong is scheduled to start trading spot Bitcoin ETFs next week; however, analysts are not overly optimistic regarding inflows compared to US funds. As Hong Kong intensifies its efforts to list the first batch of spot Bitcoin and Ethereum ETFs, China’s leading asset managers are finalizing plans to begin trading by April 30. Asian […]
Advisers Invest $40M in Fidelity Bitcoin ETF
Fidelity’s Bitcoin exchange-traded fund (ETF) has received $40 million in a single investment from two financial advisers, making it the largest investment in a Bitcoin fund. Financial advisers United Capital Management of Kansas and Legacy Wealth Management have recently invested $20 million in Fidelity Wise Origin Bitcoin Fund (FBTC) shares, becoming the fund’s top shareholders, per Bloomberg […]
US Spot Bitcoin ETFs Draw Wealthy Indians Amid Warning
Indian investors choose to allocate their funds into US spot Bitcoin ETFs through the Reserve Bank of India’s Liberalized Remittance Scheme. Since the introduction of spot Bitcoin ETFs in the United States in January, many institutional investors have invested, with total inflows exceeding $12.3 billion. Notably, Bitcoin ETFs have garnered the attention of affluent foreign […]
Hong Kong Set To Approve Spot Bitcoin ETF In April
The upcoming approval of Spot Bitcoin ETFs in Hong Kong this month has generated considerable interest in the cryptocurrency market and represents a substantial transformation in the global investment landscape. A significant shift is occurring in the global cryptocurrency landscape as Hong Kong prepares to introduce Bitcoin Exchange-Traded Funds (ETFs) this month. Meanwhile, this action […]