Bitwise enters European market with acquisition of ETC Group

August 19, 2024 Coin Telegraph

bitcoin etf

The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.

San Francisco-based asset manager Bitwise has entered the European markets with the acquisition of crypto investment firm ETC Group. The financial details of the deal were not disclosed by the companies.

According to an Aug. 19 announcement, the London-based firm ETC Group has over $1 billion in assets under management with a portfolio of products that includes a physical range of crypto exchange-traded products (ETPs), including Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20).

In total, the acquisition adds nine European-listed crypto ETPs and raises Bitwise’s assets under management to above $4.5 billion.

Bitcoin ETFs could overtake gold ETFs in size within one month

Bitcoin Miners Shifting to Artificial Intelligence and High-Performance Computing, According to VanEck Analysts

August 18, 2024 The Daily Hodl

New research from VanEck reveals that Bitcoin (BTC) miners are shifting to artificial intelligence (AI) and high-performance computing. In a thread on the social media platform X, Matthew Sigel, the head of digital assets research at VanEck, says that BTC miners are utilizing technology to earn profits through strategic arbitrage. “Bitcoin miners are shifting to […]

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Bitcoin ETFs could overtake gold ETFs in size within one month

Franklin Templeton files S-1 for new crypto index ETF

August 16, 2024 Coin Telegraph

bitcoin etf

Issuers are lining up for the next wave of cryptocurrency exchange-trade funds.

Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.

The Franklin Crypto Index ETF will track the performance of the CF Institutional Digital Asset Index, which currently only comprises Bitcoin (BTC) and Ethereum (ETH), the filing said.

“The Fund will seek to achieve its investment objective by investing in the Digital Assets in approximately the same weights as they represent in the Underlying Index,” according to the filing, which says that the ETF may hold additional types of cryptocurrencies in the future.

Bitcoin ETFs could overtake gold ETFs in size within one month

Crypto Biz: Riot increases Bitfarms stake in takeover strategy

August 16, 2024 Coin Telegraph

Bitcoin mining

This week’s Crypto Biz examines Bitdeer’s earnings boost, Hamster Kombat’s rejection of venture capital offers, Grayscale’s new crypto fund and a Solana exchange-traded fund in Brazil.

The ongoing dispute between Bitcoin mining giants Riot Platforms and Bitfarms has taken a significant turn in recent days. On Aug. 13, Riot Platforms announced the acquisition of an additional one million Bitfarms common shares through open market purchases.

The acquisition increased Riot’s holdings to 85.3 million shares, up from 84.3 million, and was valued at approximately $2.28 million. As a result, Riot now holds an 18.9% stake in the Canadian firm.

The acquisition is part of Riot’s broader strategy to influence changes within Bitfarms, including the push for more independent members on the Bitfarms board. Just a day before Riot’s announcement, Bitfarms revealed a significant overhaul of its board of directors, which now comprises four independent members out of five total directors. Nicolas Bonta, who served as interim president and CEO of Bitfarms, has stepped down from the board.

Bitcoin ETFs could overtake gold ETFs in size within one month

Goldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinShares

August 16, 2024 Coin Telegraph

bitcoin etf

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Asset managers Goldman Sachs, Capula Management, and Avenir Tech emerged as the biggest buyers of Bitcoin (BTC) exchange-traded funds (ETFs) in the second quarter of 2024, according to an analysis by CoinShares Research shared with Cointelegraph.

According to CoinShares’ review of quarterly 13F disclosures filed by large fund managers, the three investment firms collectively bought nearly $1.3 billion worth of BTC ETF shares.

Since launching in January, Bitcoin ETFs have seen enormous demand, aided in part by adoption by large financial institutions such as Morgan Stanley.

Bitcoin ETFs could overtake gold ETFs in size within one month

Goldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinShares

August 16, 2024 Coin Telegraph

bitcoin etf

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Asset managers Goldman Sachs, Capula Management and Avenir Tech emerged as the biggest buyers of Bitcoin (BTC) exchange-traded funds (ETFs) in the second quarter of 2024, according to an analysis by CoinShares Research shared with Cointelegraph.

According to CoinShares’ review of quarterly 13F disclosures filed by large fund managers, the three investment firms collectively bought nearly $1.3 billion worth of BTC ETF shares.

Since launching in January, Bitcoin ETFs have seen enormous demand, aided in part by adoption by large financial institutions such as Morgan Stanley.

Bitcoin ETFs could overtake gold ETFs in size within one month

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

August 16, 2024 Bitcoin.com

Bitcoin

Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […]

Bitcoin ETFs could overtake gold ETFs in size within one month

Wall Street Giant Goldman Sachs Discloses Over $418,000,000 in Spot Bitcoin ETF Holdings in New Filing

August 14, 2024 The Daily Hodl

Wall Street Giant Goldman Sachs Discloses Over 8,000,000 in Spot Bitcoin ETF Holdings in New Filing

Ark Invest

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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Bitcoin ETFs could overtake gold ETFs in size within one month

Bitcoin ETFs See $19,000,000,000 in Net Flows As BlackRock Becomes Third-Largest BTC Holder: Bloomberg Analyst

August 14, 2024 The Daily Hodl

Bitcoin ETFs See ,000,000,000 in Net Flows As BlackRock Becomes Third-Largest BTC Holder: Bloomberg Analyst

Binance

Spot Bitcoin (BTC) exchange-traded funds have witnessed more than $19.3 billion of net inflows this year, according to Eric Balchunas, a Bloomberg ETF analyst. Balchunas tells his 319,100 followers on the social media platform X that the number is “surprisingly strong” and argues that it is the most important bellwether of success given Grayscale’s GBTC […]

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Bitcoin ETFs could overtake gold ETFs in size within one month

US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon

August 14, 2024 Coin Telegraph

Bitcoin

United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.

Spot Bitcoin exchange-traded funds (ETFs) in the United States may soon collectively hold more Bitcoin than the cryptocurrency’s anonymous creator, Satoshi Nakamoto.

Bloomberg ETF Analyst Eric Balchunas posted a chart to X on Aug. 13 showing that the ETFs now hold 909,700 Bitcoin (BTC) in total, worth around $55.1 billion at its current price of around $60,500.

They’re closing in on Nakamoto’s estimated 1.1 million BTC stash, which the mysterious creator mined in the infancy of BTC and hasn’t touched after vanishing over 13 years ago.

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