Michigan Pension Fund Buys $6.6M in Ark Bitcoin ETF
The State of Michigan Retirement System has allocated $6.6 million to invest in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The disclosed ETF investment, reported in a 13-F form submitted to the SEC, accounts for a minute portion – specifically 0.004% – of the state’s significant $143.9 billion pension fund. Michigan’s decision exemplifies the wider […]
GrayScale Gets SEC Approval For Bitcoin Mini Trust ETF
The SEC has approved Grayscale’s Bitcoin Mini Trust ETF, which will be launched next week with a minimal 0.15% fee. The Grayscale Bitcoin Mini Trust , a new product from Grayscale Investments, has been approved by the U.S. Securities and Exchange Commission (SEC). This ETF is based on the successful Ethereum Mini Trust model. The […]
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 […]