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Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts.

Bitcoin ETF war could see many issuers never ‘break even’

The cutthroat battle to become the top United States spot Bitcoin exchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits. ...

7 months ago

Direct Bitcoin trading is still more popular than ETFs for Robinhood users, says its chief financial officer Jason Warnick amid better-than-expected Q4 2023 results.

Bitcoin ETFs haven’t cannibalized spot Bitcoin trading — Robinhood CFO

Robinhood traders haven’t taken to spot Bitcoin exchange-traded funds (ETFs), with the bulk of crypto trading on the platform remaining in spot Bitcoin, says the company’s chief...

7 months ago

Bitcoin’s recent rise above $50,000 for the first time since late 2021

Bitcoin Breaks $50K Barrier: Bulls Roar Back After ETF Launch

This rally represents a recovery from the initial days following the opening of the spot ETFs, when Bitcoin experienced a drop below $40,000, eventually plummeting to $38,500 shortly after the E...

7 months ago

One of Hong Kong’s two licensed crypto exchanges, OSL, finalizes the first tokenized warrant transaction with UBS.

OSL completes first transaction of tokenized UBS warrant on Ethereum

OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong, the company said in a press release. ...

7 months ago

The position of BlackRock’s Bitcoin ETF could have been higher had it not missed the first seven trading days on the Nasdaq while awaiting the SEC’s approval.

BlackRock’s Bitcoin ETF reaches top 0.2% of all ETFs so far this year

BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped $3.19 b...

7 months ago

A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.

SEC Delays Another Ether ETF Application

The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on a spot ether (ETH) exchange-traded fund (ETF) jointly proposed by Invesco and Galaxy Digital, a ...

7 months ago

Grayscale CEO Michael Sonnenshein urged regulators to approve spot Bitcoin exchange-traded fund (ETF) options in a statement on Feb. 5.

Grayscale CEO advocates for spot Bitcoin ETF options to gain approval

He noted that the New York Stock Exchange (NYSE) and other national securities exchanges have recently submitted filings that would allow options trading on commodity-based ETFs like Grayscale&r...

7 months ago

Despite aggressive selling by the Grayscale Bitcoin Trust ETF, all 10 spot Bitcoin ETFs collectively added nearly 19,000 BTC in January.

Spot Bitcoin ETFs add 151K BTC amidst GBTC dump in January

The Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) aggressively sold Bitcoin in January, but other ETFs bought significantly more BTC. According to public holdings data...

7 months ago

Inflows in recent days and a recovery in Bitcoin’s price on Jan. 26 contributed to BlackRock’s ETF performance.

BlackRock’s IBIT Bitcoin ETF crosses $2B in market cap

BlackRock's Bitcoin exchange-traded fund (ETF) reached $2 billion in assets under management (AUM) on Jan. 26, just two weeks after it debuted on the Nasdaq. According t...

7 months ago