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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.
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 ...
Discussions between the U.S. securities regulator and asset managers hoping to list bitcoin exchange-traded funds (ETFs) have advanced to key technical details, in a sign the agency may soon ...
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
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.
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] 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.
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 ...