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Grayscale (whose parent company Digital Currency Group also owns CryptoX) has applied to convert the GBTC into an exchange-traded fund, or ETF. And for months, some traders have been monitoring the discount as a proxy for the likelihood of winning approval. According to the market logic, the GBTC would trade
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Investors have piled into a recently launched bitcoin exchange-traded fund (ETF) that's designed to profit from price declines in the cryptocurrency – to the extent that the vehicle is now the second-largest bitcoin-focused ETF in the U.S. market after just a few trading days. Source
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The first short Bitcoin ETF from ProShares got off to a very slow start on its June 21 launch but gathered pace by increasing trading volume 380% on day two.On launch day June 21, the ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) traded a lackluster 183,300 shares which ETF analyst
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The Canadian Purpose Bitcoin ETF lost half of its assets last Friday before bitcoin crashed, leading to ProShares’ futures-based BITO taking over the top spot as the largest bitcoin-focused ETF by assets, Arcane said in a note. Original Source
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Summary: Arthur Hayes has highlighted that the Purpose Bitcoin ETF offloaded 24.5k BTC into the markets on Friday’s close. Bitcoin went on to drop to the local low of $17,600 due to the selling pressure that could have been a run to trigger stop losses. The Bitcoin and crypto markets have since rallied,
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Canada's Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto's most-experienced investors.Purpose Bitcoin ETF has 51% of AUM slashedThe fund's holdings dropped from $47,818 BTC to 23,307 BTC between June 16 and 17, its
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The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.In a Monday announcement, exchange-traded fund issuer ProShares said its Short Bitcoin Strategy ETF would be available for trading on the New
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Investment product provider ProShares will tomorrow list the U.S.'s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin. Source
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Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF).The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced on Thursday.The ETF seeks to achieve long-term capital
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“I think the perception is that Day 1, a bitcoin ETF launches and Day 2 it has $30 billion in assets, and that’s just not the way ETF works,” Hougan said. “GLD is the fastest-growing ETF of all time, it hit $1 billion in three days, then hit $3 billion
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