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Spot Bitcoin ETFs saw $1.2 billion pulled out over eight days, even though they grew in 2024. The 12 U.S. spot Bitcoin ETFs together lost this amount between August 30 and September 6. This marked the longest period of withdrawals since these spot Bitcoin ETFs were introduced in January. The withdrawals came as Bitcoin prices dropped,…
Multi-million global investment firm, VanEck is set to launch the first Bitcoin ETF on the Australian Securities Exchange (ASX) this Thursday. The announcement, which came earlier this week, marks the culmination of a three-year journey for VanEck and a significant milestone for cryptocurrency’s integration into mainstream finance. The official announcement was made public on June…
Thailand’s Securities and Exchange Commission (SEC) has given the green light for the country’s first spot Bitcoin exchange-traded fund (ETF), a move that underscores the nation’s progressive stance on digital assets. However, this financial instrument will be exclusively available to wealthy and institutional investors. The approval was announced recently, with the Thai SEC endorsing…
Introduction The crypto industry has hit the mainstream. There is no denying that in the aftermath of the Securities Exchange Commission (SEC) approving Bitcoin ETFs, and the subsequent gold rush to purchase these novel financial products which has overrun the industry ahead of the April’s fourth Bitcoin halving, in which the miner reward will be…
Evaluation of Bitcoin ETF Proposals Continues The U.S. Securities and Exchange Commission (SEC) is currently in the Evaluation of Bitcoin ETF Proposals, as confirmed by SEC Chairman Gary Gensler. Discussions with companies seeking approval for spot Bitcoin ETFs are ongoing. During an interview with Bloomberg reporter Kailey Leinz, Gensler acknowledged concerns related to the Grayscale…
