(Bloomberg) — US spot-Bitcoin exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023. Most Read from Bloomberg Investors pulled a net $564 million from the batch of almost a dozen funds on Wednesday, the biggest drawdown since the products debuted in January. The prospect of
How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed. In January, the Securities and Exchange Commission approved 11 spot Bitcoin ETFs. Two of the biggest, BlackRock’s
The newly launched bitcoin exchange-traded funds are showing early signs of success, but they have so far fallen short of being the massive boost for crypto some bulls predicted. The funds began trading Jan. 11 after receiving approval from the U.S. Securities and Exchange Commission, and ETFs from iShares ( IBIT ) and Fidelity Wise
Vanguard’s decision to not offer its users access to bitcoin ETFs has sparked a backlash among some customers, who have decided to close their brokerage accounts and move their money to other platforms. Vanguard users have found themselves unable to buy shares in spot bitcoin ETFs, which started trading on Thursday after the U.S. Securities