The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs.
Earlier this week, GBTC recorded daily net inflow after a very long time of constantly seeing outflows.
Despite Grayscale GBTC holding the largest BTC reserves, the BlackRock Bitcoin ETF IBIT remains the top choice of institutions.
The companies said the rollout of the fund could be viewed as a significant step forward in enhancing the financial infrastructure of Hong Kong’s ETF market.
The Hong Kong equities sector is relatively small as opposed to that of the United States.
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.
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.
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
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.