Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs) via their Hong Kong subsidiaries, according to a report from China’s state-owned newspaper Securities Times,
In this episode of Yahoo Finance Future Focus, our host Brian McGleenon explains what a spot bitcoin ETF is and how it differs from other investments. Spot bitcoin exchange-traded funds (ETFs) have emerged as a transformative tool in the crypto market, offering investors a straightforward means to gain exposure to bitcoin’s price movements. Unlike derivatives-based
Bitcoin has rocketed over the last year, topping its previous all-time high as Tesla billionaire Elon Musk makes a dramatic return to the front lines of crypto. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” ahead of bitcoin’s looming halving earthquake! The bitcoin price has added
Ark Invest CEO Cathie Wood called bitcoin (BTC) a “financial super highway,” emphasizing the important use cases for the cryptocurrency in emerging markets. Wood, whose Ark Invest recently became one of the issuers of a spot bitcoin exchange-traded fund (ETF), ARKB, said the asset manager is focused on emerging markets and the macro environment worldwide,
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to
The cryptocurrency has recently crossed its own milestone of $70,000 the main reason, as highlighted by the experts behind the Bitcoin rally, is the upcoming halving event in April. Subscribe to Notifications On March 11, Bitcoin again broke all the records to touch $71,577 with a significant daily increase of 2.53%. It went down below
The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission (SEC) greenlit the establishment of Bitcoin exchange-traded funds (ETFs) by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily
Updated Jan 10, 2024, 04:46pm EST Topline The Securities and Exchange Commission announced Wednesday it greenlit the first spot bitcoin exchange-traded funds (ETF) in the U.S., a historic move for investors looking for exposure to the world’s largest digital asset. The SEC approved the first ever spot bitcoin ETFs. Copyright 2014 AP. All rights reserved.
Topline Several applicants seeking to launch bitcoin exchange-traded funds cut their proposed fees on the ETFs, as the battle for control of the much-anticipated asset class heats up ahead of U.S. regulators’ expected approval of the first-of-their-kind crypto funds Wednesday. Key Facts BlackRock and Ark Invest slashed their fees for their proposed spot bitcoin ETFs
After 2022 brought little but pain for bitcoin traders and cryptocurrency enthusiasts, this past year has been one for the books — and optimism abounds for the year ahead. Bitcoin, and cryptocurrencies more generally, performed quite well in 2023. Bitcoin was trading at just about $16,600 at the start of the year but charged to