Jun 11 2024
Fidelity’s Director of Global Macro Jurrien Timmer says Bitcoin is already entering the latter part of its S-curve adoption cycle. Timmer believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. The recent approval of Bitcoin spot ETFs in January has helped “democratize” the asset, putting it …
Apr 03 2024
Mudrex intends to introduce U.S. spot Bitcoin exchange-traded funds (ETFs) to target both institutional and retail investors within India. The move comes amid India’s latest government action to tighten offshore crypto exchanges regulation. During its initial phase, the platform will first feature listing four spot Bitcoin ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard. The …
Mar 17 2024
Around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. BlackRock and Fidelity have been the biggest purchasers of Bitcoin. Ark 21Shares is the third largest buyer of Bitcoin with 13,285 BTC purchased worth …
Feb 16 2024
Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. The milestone was also commented on by Bloomberg ETF analyst James Seyffart. According to , Ark 21Shares did indeed have a big day with $135.5 million in BTC inflows. Fidelity also had a with $188.4 million, the highest for the firm …
Feb 12 2024
European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot BitcoinETFs from major players like BlackRock, Fidelity, and In Vesco. The competition in the U.,S. market has prompted a wave of …