Bitwise CIO Matt Hougan says that investment advisors are adopting Bitcoin (BTC) exchange-traded funds (ETFs) at a faster rate than any other ETFs in history. Hougan responds to a post on the social media platform X by macro strategist Jim Bianco claiming that investment advisors’ adoption of the Bitcoin ETFs is “small.” According to Hougan, […]
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Retail investing is still driving spot Bitcoin (BTC) exchange-traded funds (ETFs), but more institutions are sinking capital into the new products each quarter, according to a senior analyst with crypto intelligence platform K33 Research. K33’s Vetle Lunde notes on the social media platform X that 262 additional professional firms purchased investments in spot BTC ETFs, […]
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New filings reveal that financial services titan Goldman Sachs is holding hundreds of millions of dollars worth of spot market Bitcoin (BTC) exchange-traded fund (ETF) holdings. According to new Form 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million worth of BTC ETF shares. Other blue-chip […]
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Financial services giant Morgan Stanley is reportedly giving wealth advisors approval to offer Bitcoin (BTC) exchange-traded funds (ETFs) to wealthy clients. According to a new report by CNBC, a major Wall Street bank is giving its wealth advisors the go-ahead to pitch BTC ETFs to its customers for the first time. Anonymous sources familiar with […]
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New documents reveal that the State of Michigan holds millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to a new 13-F filing with the U.S. Securities and Exchange Commission (SEC), the State of Michigan Retirement System has purchased 110,000 shares of ARK 21Shares BTC ETF (ARKB) worth […]
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BlackRock’s Bitcoin ETF has witnessed over half a billion dollars of inflows on the same day a flurry of spot Ether ETFs got the nod to begin trading.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has notched its biggest day of inflows in over four months, with over $523 million entering the fund on Monday.
The iShares Bitcoin Trust (IBIT) scooped up 7,759 Bitcoin (BTC) on July 22 — worth just over $523 million at current prices — according to Hey Apollo data cited by its co-founder in a July 23 post to X.
The July 22 addition brings the total sum of inflows into BlackRock’s fund to 333,000 BTC which equates to $22 billion at current prices.
New data reveals that daily inflows into spot market Bitcoin (BTC) exchange-traded funds (ETFs) have hit a six-week high. According to data from crypto research platform SoSo Value, on July 16th, BTC ETFs saw over $422 million worth of inflows, the overwhelming majority of them coming from BlackRock’s IBIT ETF, which had a staggering $260.2 […]
The post Daily Inflows Into Spot Bitcoin ETF Soar to $422,670,000 in One Day To Hit a Six-Week High appeared first on The Daily Hodl.
Matt Hougan thinks Bitcoin’s (BTC) journey towards becoming a mainstream asset class is a “multiyear story.” Hougan, the chief investment officer (CIO) of Bitwise Asset Management, says in a new interview with CNBC that the Bitcoin exchange-traded fund (ETF) numbers in the first half of 2024 suggest “the birth of a new asset class.” “I […]
The post Bitwise CIO Matt Hougan Says Next Year Could Be Even Bigger for Bitcoin ETFs – Here’s Why appeared first on The Daily Hodl.
The Chairman of the U.S. Securities and Exchange Commission (SEC) says that Ethereum (ETH)-based exchange-traded products (ETFs) should be approved by the regulatory agency by the end of the summer. Speaking at a recent US Senate hearing, SEC Chair Gary Gensler says that while the SEC partially approved Ethereum ETFs earlier this year, they won’t […]
The post Spot Ethereum (ETH) ETFs Should Be Fully Approved by the End of the Summer, Says SEC Chair Gary Gensler appeared first on The Daily Hodl.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll. Data from crypto research platform Soso Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of $886.7 million. Its most successful day so far was on March 12th when daily total net inflow hit […]
The post Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record appeared first on The Daily Hodl.
