Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash
Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.
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Bitcoin ETF
Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.
Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.
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.