Fidelity’s Spot Bitcoin ETF Second to Hit Over $1B Inflows
The Fidelity Wise Origin Bitcoin Fund (FBTC) has become the second spot Bitcoin ETF to hit over $1 billion in inflows following five days of trading. Fidelity’s FBTC received $874 million in inflows up to January 17, just a few days after BlackRock’s iShares Bitcoin Trust (IBIT), the first of the recently authorized BTC ETFs, […]
Direxion Submits Five Leveraged Spot Bitcoin ETF Applications
Direxion filed to register five leveraged Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC) on January 18. According to documents from Direxion, there are plans to establish one Bitcoin fund for each fund with short leverage and one with long leverage of 1x, 1.5x, and 2x. Exchange-traded funds designed to mimic the daily […]
Singapore MAS Strongly Opposes Spot Bitcoin ETF Listing
Following U.S. approval, the Monetary Authority of Singapore has cautioned ordinary investors against purchasing spot Bitcoin ETFs. With the recent approval of Bitcoin exchange-traded funds (ETFs) in the United States, the Monetary Authority of Singapore (MAS) has advised local individual investors not to buy spot Bitcoin ETFs. In response to questions from CNA, MAS sent […]
ProShares Applies to SEC for 5 Bitcoin ETFs with Indirect Exposure
ProShares, is in the preliminary stages of establishing 5 Bitcoin (BTC) ETFs (two long and three short) that will provide indirect BTC exposure during the first days of spot Bitcoin ETF trading on local stock exchanges. ProShares wishes to introduce leveraged and inverse Bitcoin ETFs, according to a filing with the U.S. Securities and Exchange […]
Spot Bitcoin ETFs Reach $10B Trading Volumes in Record Time
According to James Seyffart, competition is a long-term journey and the recent debut of Bitcoin ETFs has been mainly successful. Spot Bitcoin ETFs have gotten off to a decent start since their introduction in the United States last week. James Seyffart, an ETF strategist at Bloomberg, says that within the first three days of their […]