ETFs
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Grayscale Bitcoin Trust (GBTC): Will it Get Converted into Exchange Traded Funds (ETFs)?
According to reports, Michael Sonnenshein, CEO of Grayscale Asset Management, stated at the 2023 consensus meeting at CoinDesk that Grayscale expects to learn by the end of the thi
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The Development of ETFs and the Global Financial Market Virtual Asset Ecosphere
According to reports, on April 17th, the Hong Kong Stock Exchange of China released a research report titled \”The Development of ETFs and the Global Financial Market Virtual Asset
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Anthony Scaramucci: Optimistic about Bitcoin and criticizes Gary Gensler’s messy approach
According to reports, SkyBridge Capital founder Anthony Scaramucci stated that he has not lost his passion for Bitcoin and is more optimistic about BTC than ever before. Scaramucci
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Institutional Participation Lack in Bitcoin’s Recent Rise
According to reports, data tracked by ByteTree Asset Management shows that the number of tokens held by closed-end funds and exchange traded funds (ETFs) focused on spot and futures in Europe, the United States, and Canada decreased by 16560 BTC ($409 million) this month, reaching a 17-month low of 826113 BTC. The decline in fund balances indicates a lack of institutional participation in Bitcoin’s recent rise. The Chief Investment Officer of ByteTree Asset Management said that the global wealth management industry is very light in terms of Bitcoin and gold. Data: Bitcoin held by the fund has fallen to its lowest level since October 2021 Analysis based on this information:The recent surge in bitcoin’s value has left investors and analysts alike in tumultuous states of speculation. While some believe this sudden rise is momentary, others see it as the beginning of the digital asset’s mainstay in the financial market. Nonetheless, a report from ByteTree Asset Management released last month revealed…
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ETFs in the Financial Sector Take a Hit in US Stock Market
It is reported that most of the ETFs in the US stock market fell at the beginning of the session. The ETFs in regional banks fell by 5.3%, the ETFs in banking i
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Ark Invest Acquires Shares in Coinbase and Robinhood
It is reported that Ark Invest bought the shares of Coinbase and Robin Hood yesterday, with a value of 3.44 million US dollars and 9.97 million US dollars resp…
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US SEC Monitors Bitcoin Futures Pricing
According to reports, lawyers from the Securities and Exchange Commission of the United States said that the Chicago Mercantile Exchange (CME) is currently clo…