Spot Bitcoin ETFs Net Outflows Hit $344M
The new US ETFs experienced a net outflow of $343.5 million in April, breaking their streak of three months with inflows.
The new US ETFs experienced a net outflow of $343.5 million in April, breaking their streak of three months with inflows.
Today marks the launch of six new Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange, making them the first spot crypto ETFs in Asia.
On April 30, six spot ETFs based on cryptocurrencies will begin trading in Hong Kong following official approval from the city.
The United States Securities and Exchange Commission has decided to postpone any decisions regarding two proposed exchange-traded funds (ETFs) focused on Ethereum.
Bloomberg analyst Eric Balchunas downplayed the excitement over Hong Kong’s approval of spot Bitcoin and Ether ETFs on Monday.
The GBTC crypto exchange-traded fund (ETF) has seen large amounts of money and Bitcoin being removed from its holdings on Friday, April 12.
According to analysts at Coinbase, the introduction of cryptocurrency exchange-traded funds (ETFs) in the US market will lead to a gradual decrease in the volatility of Bitcoin.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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