Bitcoin ETFs flip gold funds in AUM: K33 Research

December 18, 2024 Coin Telegraph

Bitcoin

On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.

Net assets in United States Bitcoin (BTC) exchange-traded funds (ETFs) surpassed those in gold funds for the first time on Dec. 16 as institutional asset managers clamor for the cryptocurrency, according to data from K33 Research.

On Dec. 16, US BTC ETFs collectively broke $129 billion in assets under management (AUM), surpassing US gold ETFs, which held an amount just shy of that figure, according to a Dec. 17 post on the X platform by Vetle Lund, K33 Research’s head of research.

K33 Research is a digital asset researcher based in Norway.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

BlackRock says 1-2% a ‘reasonable’ Bitcoin portfolio allocation

December 12, 2024 Coin Telegraph

Bitcoin

The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.

BlackRock, the world’s largest asset manager, said an up to 2% portfolio allocation is “reasonable” for investors who wish to hold Bitcoin (BTC), according to a Dec. 12 report.

The report, which was shared with Cointelegraph and first reported by Bloomberg, says 1-2% is “a reasonable range for a Bitcoin exposure” but cautions that larger allocations “would sharply increase Bitcoin’s share of the overall portfolio risk.”

Meanwhile, a 1-2% BTC allocation poses “on average, about the same share of overall portfolio risk” as a typical allocation to “the ‘magnificent 7’ group of mostly mega-cap tech stocks” in a portfolio comprising 60% stocks and 40% fixed income assets, BlackRock said.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

SEC mulls approving Ethereum ETF options

November 8, 2024 Coin Telegraph

Bitcoin ETFs

They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.

United States regulators are reviewing a request to list the first options tied to spot Ether (ETH) exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing.

If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether,” the filing said.

The SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly after crypto-friendly Donald Trump’s Nov. 5 presidential election win.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

BlackRock’s IBIT Bitcoin ETF Surpasses iShares Gold ETF in Net Assets, Reaching Over $33,000,000,000

November 8, 2024 The Daily Hodl

Bitcoin

New data reveals that asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets. In a new thread on the social media platform X, Nate Geraci – co-founder of the ETF Institute – notes that BlackRock’s iShares Bitcoin Trust ETF (IBIT) took only 10 months to […]

The post BlackRock’s IBIT Bitcoin ETF Surpasses iShares Gold ETF in Net Assets, Reaching Over $33,000,000,000 appeared first on The Daily Hodl.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

These crypto ETFs are ‘call options’ on the US elections

November 5, 2024 Coin Telegraph

bitcoin etf

The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.

The United States presidential election on Nov. 5 could determine the fate of more than half a dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators.

In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC), among others.

Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report

October 31, 2024 The Daily Hodl

Bitcoin

Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded-fund (ETF) is reportedly setting new daily inflow records. According to a report from Yahoo Finance, investors poured $875 million worth of daily inflows into BlackRock’s $31 billion Bitcoin (BTC) ETF earlier this week as we approach November’s highly anticipated presidential election. In a recent interview with […]

The post BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report appeared first on The Daily Hodl.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

FBI Arrests Man Who Allegedly Hacked SEC’s X Account in January and Prematurely Announced Bitcoin ETF Approval

October 18, 2024 The Daily Hodl

Bitcoin

The Federal Bureau of Investigation (FBI) arrested on Thursday an Alabama man who is allegedly behind the hacking of the U.S. Securities and Exchange Commission (SEC)’s account on social media platform X last January. The United States Department of Justice says Eric Council Jr. is accused of conspiring with others to take unauthorized control of SEC’s […]

The post FBI Arrests Man Who Allegedly Hacked SEC’s X Account in January and Prematurely Announced Bitcoin ETF Approval appeared first on The Daily Hodl.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

Nearly 50% of Traditional Hedge Funds Now Exposed to Crypto Assets Amid Growing Regulatory Clarity: Report

October 10, 2024 The Daily Hodl

AIMA

New data shows that nearly half of all traditional hedge funds are now reportedly exposed to crypto assets as regulations start to become more clear. According to a new report by Bloomberg, a recent survey revealed that 47% of hedge funds in traditional markets had exposure to crypto assets, up from 29% in 2023 and […]

The post Nearly 50% of Traditional Hedge Funds Now Exposed to Crypto Assets Amid Growing Regulatory Clarity: Report appeared first on The Daily Hodl.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up

September 27, 2024 Coin Telegraph

Leveraged MicroStrategy ETFs break 0M as ‘hot sauce arms race’ heat up

Bitcoin

The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.

Leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) broke $400 million in net assets this week as retail investors continue to pour into the ultra-volatile Bitcoin (BTC) plays, according to data from Bloomberg Intelligence.

Asset manager Defiance ETFs launched the first leveraged MSTR ETF in August. Competitors REX Shares and Tuttle Capital Management in September with an even more leveraged offering set off what Bloomberg ETF analyst Eric Balchunas has dubbed the “hot sauce arms race.”

Originally a business intelligence firm, MicroStrategy transformed into a de-facto cryptocurrency hedge fund in 2020 when founder Michael Saylor started using the company’s balance sheet to buy Bitcoin.

VanEck Predicts Establishment of US Strategic Bitcoin Reserve Next Year Without Aid of Congress – Here’s How

Bitcoin ETFs are next major target for North Korean hackers — Cyvers

September 11, 2024 Coin Telegraph

bitcoin etf

North Korean hackers could be eying the infrastructure around Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings.

North Korean hackers, including the infamous Lazarus Group, may begin targeting larger objectives, including United States-based Bitcoin (BTC) exchange-traded funds (ETFs).

The Lazarus Group is associated with some of the most notorious hacks in the cryptocurrency space, including the biggest hack in decentralized finance, the $625 million Ronin bridge hack.

Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers.

BTC ETF

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