As the second largest Bitcoin ETF, BlackRock’s IBIT closes the gap on Grayscale’s GBTC.
This strategic pivot by Patient Capital Management indicates a broader investment approach, now including all exchange-traded products (ETPs), moving away from its previous exclusive focus on the Grayscale fund.
Fortunately for VanEck, its decision to crash management fees to 0% until next year attracted record inflow for the company.
Although Grayscale has not revealed the specific details of the fee structure for the new fund, analysts expect it to be significantly lower than GBTC’s current fee.
The Thailand SEC’s decision to embrace the crypto ETFs comes at the right time as Bitcoin price hits a new all-time high of $72,850, making it a good opportunity for Thai investors.
Despite a recent fee reduction, VanEck will begin a complete fee waiver from today until next year if HODL does not hit $1.5 billion in AUM.
Since the spot Bitcoin ETF operates as a security, Indian individuals are authorized to obtain securities under the Liberalised Remittance Scheme (LRS).
The SEC has pushed making a decision on an application from the Cboe seeking to trade Bitcoin ETF Options. The agency will decide by April.
BlackRock’s existing spot BTC ETF stands out as the top-performing option in the market, contributing to the surge in demand for Bitcoin ETFs.
The concept of adding crypto to retirement and pension plans is not entirely new. Some retirement funds have already started investing in digital assets.
The influx of investments into Bitcoin ETFs, culminating in a total of $563 million on March 4, signifies a robust institutional endorsement of cryptocurrency.
Before the conversion on January 11, GBTC held 624.28K BTC but this amount has since dropped to 434.36K BTC as of March 4.
The SEC’s decision to seek public comment on the proposed ETFs is a strategic move, as it allows the regulatory body to gather insights and address potential concerns regarding fraud, manipulation, and the intricacies of Ethereum’s transaction validation process
In addition to selling Coinbase shares, Ark Invest also divested 686,864 Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds.
Yesterday, when Coinbase faced outage, the stock price level dropped from $205 to $195, causing a downfall of approximately 5%.