While the spot Bitcoin ETF market is taking shape in the United States, the specific timeline for the launch of the asset class in Asia remains unknown.
BlackRock is set to pump liquidity of its IBIT ETF by adding multiple Authorized Participants, with a new total of nine.
The Australian Securities Exchange (ASX) has already granted approval to Monochrome thereby expecting the Cboe to clear the application by June.
In an unprecedented shift in the Bitcoin ETF market, Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) experienced a record outflow of $87.5 million on April 2, surpassing Grayscale’s Bitcoin Trust (GBTC) for the first time.
Bitcoin’s volatility in Asia is linked to automated trading reacting to US ETF flows, causing significant market swings as investors react to data on outflow and inflows from spot-Bitcoin ETFs.
After huge demand for the spot Bitcoin ETF in the first two months of launch, Wall Street players like ProShares are coming up with new versions of this investment product.
A recent research conducted by Coinbase said the market is poised for a positive second quarter despite the recent corrections that saw Bitcoin retrace to $65,000 on April 2, 2024.
Despite the uncertainty regarding Ethereum ETFs, the overall projection for Bitcoin is favorable.
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
US’s success with Bitcoin ETFs challenges Japan’s stricter regulations on crypto investment products.
The prospect of spot Bitcoin ETFs gaining approval in Hong Kong represents a significant step toward the mainstream adoption of digital assets in the region.
The Bitcoin ETF market continues to see new competitors. Hashdex, a crypto asset management firm, announced its futures fund’s transformation into a spot product.
The Bitcoin market is expected to continue to grow and mature as more investors look for exposure to BTC through spot ETFs and other investment vehicles.
Recent changes to ARK’s investment portfolio demonstrate the company’s dedication to spotting and seizing new market trends.
ARK’s recent offloading of Coinbase shares stands out as one of its significant divestments in 2024. Prior to Thursday’s sale, ARK sold off 270,365 shares of Coinbase on March 11.