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BlackRock’s iShares Bitcoin Trust (IBIT) saw a record $872 million in net inflows on Oct. 30 as cumulative BTC held by US Bitcoin ETF (exchange-traded fund) products closed on the 1.1 million held by Bitcoin creator Satoshi Nakamoto. Overall, U.S. Bitcoin ETFs registered nearly $900 million in inflows on Wednesday alone, as Bloomberg ETF analyst Eric Balchunas said they are gobbling up BTC ‘’like Pac-Man on a bender.’’ Ok we gonna need to move up our predictions as yest alone the btc ETFs gobbled up over 12k coins like Pac-Man on a bender, now hold 996k btc- good chance to pass 1 million today (as the ridic volume yest likely to translate to big flows tonight). Legit shot to get to Satoshi by… https://t.co/Ua9GzhsBwE pic.twitter.com/84bBprhi6I — Eric Balchunas (@EricBalchunas) October 30, 2024 Bitcoin ETF Inflows Fueled By Factors Including Possible Donald Trump Election Win The surge in inflows marks the largest single-day inflow for B...

The recently debuting Hong Kong Spot Bitcoin ETFs are now predicted to reach $1 billion in assets under management (AUM) by the end of 2024. Indeed, Kraken unit CF Benchmark made the forecast in a recent discussion with Bloomberg. The unit expressed its bullish stance on the investment vehicle’s performance by the end of the year. Moreover, they noted that success would not be limited to the United States, as it holds high hopes for Hong Kong’s recent offerings. Source: embca.com Also Read: Ethereum ETFs to Outdo Bitcoin ETF s in Hong Kong , Expert Predicts Kraken Unit Predicts $1 Billion in Assets for Hong Kong ETFs The digital asset market has seen the landmark approval of a host of Spot Bitcoin ETFs so far in 2024. Indeed, those approvals first began in the United States, where the US Securities and Exchange Commission (SEC) greenlit 11 investment vehicles. That marked the first such approval in the country. Subsequently, that was followed by approval ...

The Grayscale Bitcoin Trust (GBTC) has broken an ETF record with its 72-day outflow streak. Indeed, the consecutive day’s mark has not been matched by any exchange-traded fund in history. Moreover, according to Bloomberg analyst Eric Balchunas, no ETF has ever come close to the mark. That record places Grayscale in rarified air as one of the most underperforming ETF products ever established. The investment vehicle has seen investors pull funds out of the offering consistently since its approval in January of this year. The record shows that it has observed outflows for more than 10 weeks. Source: embca.com Also Read: Grayscale CEO: Spot Ethereum ETF is a “Matter of When” Not If Grayscale Bitcoin Trust Breaks ETF Outflow Streak The digital asset industry had immensely high hopes for the market’s performance since the start of 2024. A significant part of that optimism was connected to anticipation regarding Spot Bitcoin ETF approvals. The investment products we...

Hong Kong financial regulators have officially announced that its Bitcoin and Ethereum ETFs have been approved to begin trading on April 30th. Indeed, the date will see six of the digital asset investment products debut, according to Bloomberg analysts. The mainland Chinese city has seen its Securities and Futures Commission (SFC) approve the crypto-based ETFs earlier this month. Subsequently, the products are set to go from approval to trading in just 15 days. Their arrival is poised to offer increased convenience and security for Hong Kong’s cryptocurrency investors. JUST IN: Hong Kong 's #Bitcoin and Ethereum ETFs officially approved to begin trading on April 30th. — Watcher.Guru (@WatcherGuru) April 24, 2024 Also Read: Hong Kong Spot Bitcoin ETFs Expected to Launch in April Hong Kong Bitcoin and Ethereum ETFs to Start Trading April 30th In 2024, the United States made a landmark decision with the approval of 11 Spot Bitcoin ETF s. The US Securi...

BlackRock has opened a new filing with the SEC to purchase more Bitcoin ETF s, according to new filing records by the commission. BlackRock intends to use the new Bitcoin ETF s for its Strategic Income Opportunities Fund. JUST IN: BlackRock files to purchase # Bitcoin ETF s for its Strategic Income Opportunities Fund. — Watcher.Guru (@WatcherGuru) March 4, 2024 The latest filing reads: “The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.” BlackRock’s current Spot BTC ETF is the best-performing one on the market, leading to the surge for Bitcoin ETF s. On Monday, total Bitcoin ETF trading volume broke over $4 billion once again, reaching $5.4 billion, its second-largest trading day since launch. BlackRock’s TV for its ...

Spot Bitcoin ETFs witnessed a net inflow of $247 million for the first time a week. This divergence in fund flows was particularly evident among the other nine ETFs, excluding Grayscale, which collectively saw a net inflow of $467 million. Data from SoSo Value shows that BlackRock’s ETF IBIT recorded a single-day net inflow of $299 million, constituting 64% of the total net inflow s this week.  Bitcoin ETF net inflow | Source: SoSo Value You might also like: Ripple’s co-founder confirms $113m theft, XRP down 5% However, Grayscale’s Bitcoin Trust (GBTC) reported a substantial net outflow of $220 million in a contrasting development. Grayscale transferred 2,682 BTC, valued at approximately $114 million, to the address of Coinbase Prime Deposit. Additionally, the firm moved 5,281 BTC to a new address, speculated to be Grayscale’s updated custody address. The transactions could indicate a significant restructuring in Grayscale’s asset management strate...

Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs. In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts. Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports indicating a staggering $500 million traded within the first 20 minutes. Despite the initial trading excitement, he offers a cautionary perspective on the availability of Bitcoin to meet burgeoning demand. There might be a potential “Bitcoin supply shock” on the horizon that could result in violent pri...

The Chicago Board Options Exchange has extended its approval for listing several spot Bitcoin ETFs, pending the final nod from the SEC. This announcement was disclosed in a letter to the SEC, indicating the potential listing of Bitcoin ETFs from prominent investment firms, including VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy. Leaked official email from Cboe This decision highlights the advanced stage of ETF proceedings. The Chicago Board Options Exchange’s (CBOE) proactive stance is geared towards accelerating the registration of these securities under Rule 12d1-2 of the Securities Exchange Act of 1934. As the market anticipates the SEC’s decision, the approval of these ETFs could herald a new era of accessibility, offering traditional investors a regulated and straightforward avenue to invest in Bitcoin. Read more: US Senators urge SEC for clarity following misleading tweet on Bitcoin ETFs Follow Us on Google News Sour...

Continuing a trend of similar action, VanEck has officially filed a registration of securities with the US Securities and Exchange Commission (SEC) for its Spot Bitcoin ETF . Indeed, the development follows similar action taken by prospective issuers Fidelity and Grayscale. VanEck is one of the more than a dozen applicants to provide the first approved spot Bitcoin ETF in the United States. Subsequently, the registration appears to be a crucial step in the promise. Moreover, it indicates that approval is all the more likely heading into next week’s deadline. JUST IN: VanEck files registration of securities with SEC for its spot #Bitcoin ETF. pic.twitter.com/jVHp6A1QLk — Watcher.Guru (@WatcherGuru) January 4, 2024 Also Read: VanEck Releases New Spot Bitcoin ETF Commercial VanEck Files Registration of Securities for Bitcoin ETF Throughout 2023’s closing months, anticipation for a Spot Bitcoin ETF in the United States reached an all-time high. Despi...

The crypto market witnessed a sharp decline just hours after the Matrixport report on Jan. 3. However, data shows that investors believe this could be a local bottom. According to data provided by CoinGecko, the global crypto market capitalization is down by 4.8% in the past 24 hours and is currently hovering around $1.73 trillion — registering a $70 billion decline.  On the other hand, CoinGecko data shows that the 24-hour global crypto trading volume recorded a 95% rally over the past day — rising from $94 billion to $183 billion. The marketwide decline came after Matrixport published its analysis claiming that the U.S. Securities and Exchange Commission (SEC) will reject all the Bitcoin (BTC) exchange-traded fund (ETF) applications this month. You might also like: Fidelity files registration of securities for its Bitcoin ETF with the SEC Just three hours after the Matrixport report, Bitcoin witnessed a 10% decline from around $45,500 to $40,800. However, the fla...

Goldman Sachs is reportedly seeking a key role in both BlackRock and Grayscale’s Spot Bitcoin ETT. According to a report from Coindesk, the investment bank is seeking to become the “authorized participant” (AP) for the investment product if it receives approval from the US Securities and Exchange Commission (SEC). The role of an AP remains one of the most important for exchange-traded funds. Specifically, it consists of the creation and redemption of ETF shares to make sure products are traded in conjunction with the specified asset. Alternatively, Goldman Sachs is among other finance giants such as JP Morgan Chase to take on the AP role for other prospective issuers. JUST IN: Goldman Sachs in talks to become an authorized participant for BlackRock's & Grayscale's Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) January 3, 2024 Also Read: SEC & Exchanges Meet for Final Comments on Spot Bitcoin ETF s Goldman Sachs Seeking AP Role for Spot B...

Economic analyst Jim Cramer asserts that Bitcoin’s recent resilience and technological prowess signal its permanence as it surges past $45,000 amid anticipation of a spot Bitcoin ETF approval. He confidently stated, “You can’t kill Bitcoin,” and emphasized its permanence, declaring it “here to stay.” Cramer further commended Bitcoin (BTC) as a “technological marvel” due to its perseverance despite challenges. JIM CRAMER CAPITULATES️: You can't KILL Bitcoin. It's here to stay.#Bitcoin pic.twitter.com/DQ6dlj0kDf — Swan Media (@Swan) January 2, 2024 You might also like: Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15 The context for Cramer’s comments lies in Bitcoin’s recent surge above $45,000, a milestone not reached since 2022. The anticipation of imminent approval for a spot Bitcoin ETF is seen as a potential catalyst that could drive the cryptocurrency’s price even higher, ...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he is not ready to discuss approval of applications for spot Bitcoin (BTC) ETFs. Gensler, speaking on the sidelines of the Healthy Markets Association conference on Nov. 29, said he would not “pre-judge” the matter of Bitcoin spot ETFs. He did however note his concerns about the crypto industry as a whole: “This is a field that is rife with bad actors and rife with fraud and manipulation and money laundering.” Gary Gensler, SEC Chairman Gensler considers the process of application approval to be reliable and time-tested. He also noted that SEC staff have been dealing with similar cases for decades and have the proper level of qualifications. “This is a time tested process that goes back decades. The staff of the SEC, it’s called the Disclosure Review Team, but in that group, they respond and give feedback to potential issuers.” Gary Gensler, SEC Chairman You...

Bloomberg Intelligence ETF research analyst James Seyffart reports that BlackRock and Grayscale, two major investment major companies with plans to issue a Bitcoin ETF, have recently met with the SEC. Based on slides that have become public knowledge, Seyffart shows that BlackRock likely prefers in-kind for their offering. In-kind vs. cash In highlighting this announcement, the analyst suggests that this decision makes sense as it is likely the cleanest structure for the company and its investors. The news came alongside a consecutive report that Grayscale, another prominent investment management firm, has also held meeting s with the SEC’s division of trading and markets, responsible for approving or denying 19b-4, a form that is used to inform the SEC of a proposed rule change. Looks like @BlackRock also met with SEC! There’s a couple slides in relation to in-kind vs cash creation. Based on this it looks like BlackRock prefers in-kind for their #bitcoin ETF (makes sense as its...

Also Read: Binance LUNC Burn Drops Below One Billion For The First Time, Community Reacts advertisement Clayton’s comment comes at a jubilant time in the Crypto Market , where the chances of getting the first ever spot Bitcoin ETF got better thanks to the recent court judgment granting approval to Grayscale’s motion to allow the conversion of its GBTC Bitcoin Trust into a spot ETF. However, the Bitcoin price is yet to show signs of bullish trend over the development. Spot ETF “Approval Is Inevitable” The former SEC Chair said the approval of spot ETF is inevitable in the current circumstances, as the large financial institutions like Blackrock, Fidelity and Ark Invest have grown confidence in cash trading in relation to the crypto assets. He said the companies have cleared the air around fears that the trading was manipulative. Clayton added, “It is clear that Bitcoin is not a security. It is something that retail investo...

Also Read: MATIC Price Launches Bid for $1.2 With This Massive Protocol Upgrade advertisement Upcoming Spot Bitcoin ETF Deadlines For US SEC The iShares Bitcoin Trust filing by Blackrock is set for the September 2, 2023 deadline, whereas the Bitwise Bitcoin ETP Trust filing is set for September 1, 2023. Besides these, four other filings have September 3, 2023 as the first deadline whereas the Valkyrie Bitcoin Fund is set for September 6, 2023. Meanwhile, a new applicant has recently joined the spot Bitcoin ETF race. Earlier, Hashdex, a crypto asset management firm, filed an application for holding spot Bitcoin in its Bitcoin futures ETF. All of the spot # Bitcoin ETF filings have been resubmitted The ball is back in the SEC’s court 👀 pic.twitter.com/H3GCrFPUYb Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

Bitcoin Price and the Key Triggers At the time of writing, Bitcoin is changing hands at a price of $31,065.02, after soaring by 3.48% in the past 24 hours. This price point is the best the cryptocurrency has recorded since the start of this year. The gains accrued thus far have seen Bitcoin grow by an additional 20% in the Week-to-Date (WTD) period. advertisement One crucial sentiment driving the growth of the cryptocurrency at this time is hinged on the newly approved leveraged Bitcoin ETF product by the United States Securities and Exchange Commission (SEC). The Bitcoin ETF product was filed by Volatility Shares Trust and the timing of the approval has stirred the positivity that the industry might be closer to securing approval for a spot BTC ETF in no time.  This Bitcoin ETF product comes off as the SEC ond unique ETF the SEC is approved for when its approval of Futures Bitcoin ETF from ProShares pioneered a wave of such approvals more than a...