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The Hong Kong Spot Bitcoin and Ethereum ETFs have seen $11 million in volume on what was their first trading day according to data from the Hong Kong Stock Exchange. Indeed, the six inaugural offerings for the Chinese regions officially debuted early Tuesday. Of the product’s issuers, ChinaAMC led all Spot Bitcoin ETF s with $4.75 million. Comparatively, the United States Spot Bitcoin ETF approval saw $4.6 billion in volume on its first day of trading. However, those circumstances are very different in terms of who has access to the trading of the investment products. Still, it remains a landmark moment for the digital asset market overall. Also Read: Hong Kong CBDC Program Enters Crucial Second Phase Hong Kong Bitcoin and Ethereum ETF First Trading Day Sees $11 Million Volume Throughout this year, the digital asset industry has seen increased interest in crypto ETFs. That was driven by the product’s approval in the United States. The Newborn Nine, as they ha...

BlackRock’s spot Bitcoin ETF (IBIT) is near $20 billion in assets, currently in top 3% among all ETFs. IBIT and FBTC have recorded 59 days of inflows – a streak that puts the two among top 20 ETFs. Meanwhile, Bitcoin price could hit a new all-time high amid spot ETF and halving sentiment. BlackRock’s spot Bitcoin ETF (IBIT) continues to outshine peers as inflows surge. Data also shows that IBIT is not just in the top 20 in terms of longest consecutive streak of inflows, but its also climbing the ranks for total asset s. Bloomberg ETF analyst Eric Balchunas shared these details on Monday. He noted that BlackRock’s spot Bitcoin ETF has inched to within the top 3% among all ETFs for total assets held. According to the analyst, IBIT is closer to hitting the $20 billion mark in asset s, a feat that could coincide with a new all-time high for Bitcoin. BlackRock’s IBIT leads peers BlackRock, the world’s leading asset manager ...

BlackRock and VanEck have started advertising campaigns for its spot Bitcoin ETFs on Google, as its previously announced ad policy update took place today.  For the first time in five years, Google has opened its extensive advertising network to specific crypto -related offerings, notably the newly introduced spot Bitcoin ETFs. This marks a notable change from the company’s stance in March 2018, when it, alongside Facebook, banned crypto currency-related advertisements. The ban was widely interpreted as a precaution against the increasing number of scams associated with the crypto sector. Bitcoin ETF ads on Google You might also like: Bitcoin back at $43k, BlackRock’s BTC ETF volume closes in on GBTC Back in December, Google announced that it would allow advertisers in the U.S. to promote crypto currency coin trusts on its platform starting Jan. 29. The tech giant emphasizes compliance with local legislation, underscoring that all advertisements must adhere to th...

Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT. 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows. Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08. Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT. Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages. Fidelity’s FBTC inflows Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT. According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to B...

Financial institutions like Vanguard have no plans to allow spot Bitcoin ETF trading despite approval from the U.S. SEC.  While trading for spot Bitcoin ETFs opened on Jan. 11 across major U.S. exchanges like the Nasdaq and platforms such as Robinhood plan to swiftly add support for these products, some firms have reportedly blocked users from trading them.  Vanguard, the second-largest asset manager after BlackRock, reportedly said spot Bitcoin ETFs do not align with the company’s investment philosophy. In addition to not enabling trading for the newly approved products, Vanguard disabled the buying of Grayscale’s GBTC shares on its platform, according to several users on X. I can confirm, I'm still holding my GBTC from 3+ years ago and I can only sell. I cannot add to my position or exchange my GBTC for one of the newer lower cost ETFs. BUT DON'T WORRY, I CAN STILL BUY THE PAPER FUTURES ETFS LIKE $BITO. WTF? DO BETTER @Vanguard_Group — NewWage Crypto (@Ne...

Euro Pacific Capital CEO Peter Schiff warns of a market crash as spot Bitcoin ETF front-runners are getting ready for imminent approval. The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to result in a market “ crash ” as speculators will dump their positions once the ETF is approved. At least, this is how Euro Pacific Capital CEO Peter Schiff sees things to unfold further. In an X post on Nov. 9, Schiff attributed Bitcoin’s recent price surge to “speculators” who “continue to front run” a spot Bitcoin ETF. Yet, the rally might be short-lived given that speculators will immediately dump their ETF positions once the U.S. Securities and Exchange Commission (SEC) gives the green light to the ETF, Schiff believes. #Bitcoin is approaching $38K as speculators continue to front run a new #BitcoinETF. However, once that ETF is launched all of the speculators will have already bought. So when those buyers sell to take pro...

Bitcoin Embarks On Bullish Rally Fed Chair Jerome Powell hinted at further interest rate hikes during the Jackson Hole meeting recently. If inflation is higher and the Jobs market remains tight, the U.S. Federal Reserve will raise interest rates at the next FOMC meeting on September 21. advertisement The CME FedWatch Tool shows an 86.5% probability of keeping the interest rate unchanged by the Fed in the next monetary policy meeting. Traders eye key PCE inflation, non-farm payrolls, and unemployment data to confirm the upcoming bullish rally. The market expects core PCE inflation for July to come in line with the previous month at 0.2% and the Fed’s preferred gauge to measure inflation at 4.3%, rising 0.1% against last month’s core PCE data. In addition, the market forecasts 170k Jobs created in the U.S. in August, falling from 187k in July. The unemployment rate is expected at 3.5%. However, analysts believe the unemployment rate to increase due to...

ARK Invest and 21Shares have jointly applied for two futures exchange-traded fund (ETF) products involving ether (ETH) and bitcoin (BTC).  The applications lodged with the Securities and Exchange Commission (SEC) by Empowered Funds, the investment advisor for the products, on Aug. 24 detail two ETFs: the ARK 21Shares Active Ethereum Futures ETF (ARKZ) the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Unlike direct investment in digital assets or spot products, these ETFs will focus on cash-settled futures contracts traded on registered commodity exchanges like the Chicago Mercantile Exchange (CME). According to the filing, ARKZ will allocate at least 25% of its investments to ether futures products related to the ETH cryptocurrency. The remaining funds will be distributed among US Treasuries, money market instruments, and repurchase agreements. ARKY will follow a similar pattern, investing at least 25% in ether and bitcoin futures products, with the rest going to c...