U.S Has its Eleventh Spot Bitcoin ETF After Hashdex Fund Conversion
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.
In January, Harvest Küresel Investments, a major asset-management company in China, purportedly became the first to apply for a spot-bitcoin exchange-traded fund (ETF) with the SFC.
Allowing in-kind creations and redemptions for spot bitcoin ETFs in Hong Kong could bring a significant amount of money into the space from Chinese investors.
One analyst said quarter-end inflows could be stronger than usual.
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours.
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.
By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
Mudrex is a Y-Combinator-backed, California-headquartered entity with a subsidiary registered with the Financial Investigation Unit of India.
The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.
Net inflows into U.S.-listed spot bitcoin ETFs accelerated this week, with BlackRock’s IBIT pulling in $520 million in fresh funds on Tuesday, BitMEX Research veri shows.