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A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
Traders looking to buy and sell Bitcoin gained a new option in 2024: exchange-traded funds (ETFs). The best Bitcoin ETFs make it easy and cheap to buy and sell the cryptocurrency through an online ...
Since the approval, competitors BlackRock's iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund have recorded inflows of $10.59 billion and $6.37 billion, respectively.
Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of U.S. spot bitcoin exchange-traded funds (ETFs) into net outflows for the week ending March 22, according ...
The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg. Grayscale's product website ...
The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States. The company charged higher than average fees compared to similar exchange-traded funds (ETFs), but said the fees were to cover the costs of trading bitcoin.
Popular spot bitcoin ETFs, like Grayscale's Bitcoin Trust ETF and Bitwise's Bitcoin ETF, have dropped around 8% from the open on Wednesday, the day Fed officials released their new rates guidance.
That dynamic changed when Grayscale, a prominent crypto asset manager that runs the largest Bitcoin trust, sued the agency in 2022 for allowing futures-based ETFs but not spot vehicles.