IBIT saw over $500M in inflows between February 27 and 29.
Hougan noted that major wirehouses will soon drive the Bitcoin demand to the roof as the supply gets reduced during the halving event.
A representative from Wells Fargo has verified that spot Bitcoin ETFs have been accessible for unsolicited purchases post-SEC approval.
The success of the BlackRock iShares Bitcoin Trust IBIT in the United States serves as a testament to the growing appetite for crypto investment products.
Grayscale CEO Sonnenshein ask the SEC to approve options for GBTC, adding that the Commission has already approved same for futures ETFs.
Bloomberg ETF analyst Eric Balchunas noted that the overall record-breaking trading volumes weren’t restricted to spot ETFs alone.
The move by Ark Invest and 21Shares to integrate with the Chainlink network will help level up transparency and confidence in ARKB.
The enthusiasm for Bitcoin-related ETFs was further underscored by data indicating that US-listed spot Bitcoin ETFs collectively traded over $2 billion.
Benchmarks expects MicroStrategy stock price to rally an additional 15% from here while Bitcoin price is likely to reach $125,000 in 2025.
Since the launch of ETFs, Bitcoin (BTC) has broken above all the significant levels and might be targeting a new all-time high.
Block announced that it will continue to focus on gaining more customers with the current employee base after registering double-digit percentage gains in gross profits.
The S&P Global Ratings report states that using institutional custodians for staking on Ethereum ETFs could exacerbate network concentration.
The Coinbase legal team argued that Ethereum is highly decentralized and viewed as a commodity as much Bitcoin, thus its spot ETFs should be approved soon.
The VanEck spot Bitcoin ETF (HODL) trading volumes spiked by 2,200% on Tuesday as it intends to lower its offering fees from 0.25% to 0.20%, as per regulatory filings.
The volume of VanEck’s ETF saw a significant spike following the firm’s preparation to reduce its fee, giving the product an advantage.