The company is also holding large amount of shares of the Fidelity Bitcoin ETFs, as well as the ProShares Bitcoin Strategy ETF (BITO).
During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
While Marathon Digital’s recent developments look promising enough, the company’s future remains undoubtedly tied to the fate of Bitcoin (BTC) and its price.
ChinaAMC’s Bitcoin ETF registered $75 million outflows on Monday, May 6, while the two other Bitcoin ETFs saw zero inflows. The Hong Kong spot Bitcoin ETFs trading volumes plummeted 90% in a week’s time.
Exodus Movement comes off as the only company in the United States with its common stock tokenized on the blockchain.
The daily trading volume of the US spot Bitcoin ETFs has significantly declined since March.
The optimism surrounding the approval of spot Ethereum ETF by the end of May has dropped from 70% to now at 25%.
The recent influx of $63 million offers a glimmer of hope for the Grayscale Bitcoin Trust. This positive trend coincides with a broader upswing in the cryptocurrency market.
According to experts, there is no better time than now for China to seek alternative investment opportunities.
Bitcoin ETFs in the US saw $34.4 million net outflow on May 2nd, a significant drop from the previous day’s record $563.7 million. Interestingly, BlackRock and Fidelity’s Bitcoin ETFs, ranking 2nd and 3rd in terms of total net assets, saw zero net flows on Thursday
Coinbase’s revenue for consumer transactions jumped by 100% year over year amid a strong trading activity spurted by the Bitcoin price rally to $74,000.
BNP Paribas, the second-largest European bank, holds a modest amount of spot Bitcoin ETFs. According to a 13F filing submitted by the company, the bank acquired 1,030 units of BlackRock’s iShares Bitcoin Trust (IBIT), representing an investment of approximately $41,684.
The total April net outflows of $343.5 million has successfully broken the three months of consecutive inflow streak for the spot Bitcoin ETFs.
Despite these recent outflows, the accumulated total net inflows for the US-listed spot BTC ETF products stand at nearly $60 billion.
Hong Kong previously listed three futures-based crypto ETFs in late 2022.