|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Spot Bitcoin ETFs Make a Comeback, Attracting Millions
Mar 27, 2024 at 01:20 am
Are Spot Bitcoin ETFs Gaining New Appeal?
Spot Bitcoin ETFs have emerged from a funk, collecting $15.7 million on Monday, a marked change from the recent outflow of $885 million. This shift suggests renewed investor confidence in these funds, contributing to the broader uptick in cryptocurrency markets, where Bitcoin topped $71,000 and daily trading volume increased by 26%.
Which ETF Is the Star of the Show?
Fidelity's Bitcoin ETF (FBTC) led the charge, raking in an impressive $261 million. BlackRock's Bitcoin ETF (IBIT) followed suit with a substantial $35.4 million inflow. On the flip side, Grayscale Bitcoin Trust (GBTC) experienced a moderate $350 million outflow, highlighting the shifting investment sentiment toward different funds.
London Calling for Crypto?
The success of U.S. spot Bitcoin ETFs has sparked interest overseas. The London Stock Exchange is set to list Bitcoin and Ethereum exchange-traded notes (ETNs) in April, with trading commencing on May 28. This move reflects a growing appetite for institutional exposure to cryptocurrencies.
Hong Kong's Crypto Conundrum
Hong Kong is contemplating a regulatory shift that would allow in-kind creations and redemptions for spot Bitcoin ETFs, departing from the cash-only transactions prevalent in the U.S. Such a change could reshape the Hong Kong crypto investment landscape, offering investors an alternative gateway to Bitcoin-related products.
Hong Kong's ETF Ambitions
Hong Kong's potential introduction of spot Bitcoin ETFs could significantly impact the region's financial industry. With U.S. Bitcoin ETFs boasting $62 billion in assets under management (AUM), Hong Kong sees room for growth. The region's ETF traded value has been on a steady upward trajectory, exceeding $450 billion in the latest period, signaling the increasing popularity of cryptocurrency investments. This trend bodes well for the future of Bitcoin ETFs in Hong Kong.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Shiba Inu (SHIB): The “Dogecoin Killer” That May Not Be So Killer After All
- Nov 05, 2024 at 02:15 am
- In the world of cryptocurrencies, few have captured the imagination of investors and meme enthusiasts like Shiba Inu (SHIB). Often dubbed the “Dogecoin killer,” this relatively new digital currency has gained a massive following since its launch in August 2020.
-
-
-
- PattiePad, a Decentralized Launchpad, Unveils Its Platform to Revolutionize Project Launches in the Web 3.0 Era
- Nov 05, 2024 at 02:15 am
- PattiePad a BSC Launchpad is an innovative platform that is set to revolutionize project launches in the era of Web 3.0. With its secure, fair, and community-driven approach, PattiePad is poised to become the go-to platform for entrepreneurs, developers, and investors looking to bring their ideas to life in the digital realm.
-
-
- Ethereum (ETH) Primed for a Bullish Breakout, Market Experts Predict a 63% Rally Could Be On the Horizon
- Nov 05, 2024 at 02:15 am
- As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.
-
- Peanut the Squirrel Memecoin Surges 140,000% Amidst Public Outcry Over Euthanization, Plunges 60%
- Nov 05, 2024 at 02:15 am
- A newly-minted Solana-based memecoin recently saw its price surge by around 140,000% as it managed to capitalize on the public outcry surrounding the euthanization of a pet squirrel that became a social media sensation. It has since plunged more than 60%.
-
-
