Bitcoin Stable Above $64K While ETF Outflows Hit $200M
BTC Stable Above $64K While ETF Outflows Hit $200 Million
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BTC Stable Above $64K While ETF Outflows Hit $200 Million
The move may bring fresh energy and capital into the spot ETFs.
One of the issuers waived management fees for the first six months, undercutting rival offerings.
Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing.
Institutions launching Bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — will be relatively muted this time, as any pontential bump is “priced in”?
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock’s shift toward touting the original cryptocurrency.
The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC.
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.
Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.
Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday.