Asia’s First Inverse Bitcoin ETF to Launch in Hong Kong
Hong Kong will introduce Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), on July 23. The objective of the new exchange-traded fund (ETF) by CSOP Asset Management, one of the largest asset administrators in China, is to provide investors with a means of profiting from drops in the […]
Bitwise CEO Reveals Large US Bank Buys Bitcoin ETF
Bitwise CEO Hunter Horsley disclosed that hundreds of wealth management branches of a major US bank invested in Bitwise and Bitcoin ETFs. Hunter Horsley, CEO of Bitwise Invest, has disclosed that a major bank in the United States is making substantial investments in the Bitwise spot Bitcoin ETF and other crypto ETFs. Spot Bitcoin ETFs are experiencing mainstream adoption, […]
T-Rex Launches Two Double-Leveraged Bitcoin ETF
T-REX offers investors leveraged exposure to Bitcoin’s performance with the new T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ). Eric Balchunas, a senior Bloomberg ETF analyst, expressed his enthusiasm for the inauguration and foresaw that these new ETFs would challenge the dominance of ProShares and […]
Institutional FOMO on Bitcoin ETF Amid Ongoing German BTC Sell-off
Northwest Capital Management has joined BlackRock’s IBIT Bitcoin ETF, bringing additional institutional investment. The institutional buying of these ETFs contrasts with the German government’s selloff. Northwest Capital Management Inc., an investment advisory firm that controls over $5 billion in assets, has recently disclosed its entry into the cryptocurrency market through BlackRock’s iShares Bitcoin Trust (IBIT). […]
BlackRock’s IBIT Acquires 2134 BTC Amid Ongoing Bitcoin ETF Inflows
The BlackRock IBIT Bitcoin ETF has gained nearly 5,000 BTC in two days, taking advantage of the BTC price drop. IBIT share price is also recovering. Bitcoin ETFs in the United States have recently received renewed attention as inflows have increased. The spot Bitcoin ETFs recorded $214 million in inflows on Tuesday, July 9, with […]