BlackRock Bitcoin, Ether ETFs Surpass Grayscale in AUM
BlackRock’s funds now hold a combined $21.22 billion, slightly more than Grayscale’s $21.20 billion. For the very first time in history, the Bitcoin and Ethereum exchange-traded funds (ETFs) offered by BlackRock have now overtaken the ETF offerings provided by Grayscale in terms of assets under management (AUM). BlackRock’s IBIT and ETHA have seen substantial inflows […]
Bitcoin Faces Weekend Volatility as ETFs Drain Liquidity
Bitcoin’s weekend volatility has increased due to spot ETF launches, as liquidity concentrates on weekdays, per Kaiko Research. Since the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States, Bitcoin has become more susceptible to extreme weekend volatility, according to Kaiko Research. Bitcoin’s liquidity has become increasingly concentrated on weekdays, particularly in BTC/US […]
Mox Bank Debuts Crypto ETFs for Retail Investors
Mox Bank has become the first virtual bank in Hong Kong to provide spot crypto exchange-traded funds to retail investors. As the city strives to establish itself as an international crypto center, Mox Bank, a digital bank headquartered in Hong Kong, has initiated trading services that utilize spot crypto ETFs. Mox announced in a press […]
Spot Ethereum ETFs Records Over $1B In Trading Volume
According to Eric Balchunas, an analyst at Bloomberg ETFs, the trading volume of the $625 million Spot Ethereum ETFs, which excludes Grayscale’s ETHE, was “healthy.” The cumulative trading volume of spot Ether exchange-traded funds listed in the United States on their first day of trading was approximately $1.08 billion, approximately 23% of the volume observed […]
State Street, Galaxy, Partner for ETFs With Digital Assets Exposure
State Street Global Advisors, an asset manager, has partnered with Galaxy Digital, a crypto investment firm, to introduce new exchange-traded funds (ETFs) that offer exposure to digital assets. In separate statements, the two investment firms have suggested that these ETFs will expand beyond spot Bitcoin ETFs. “The introduction of spot Bitcoin ETFs has seen a […]