ETF

ProShares' Bitcoin Strategy ETF (BITO) recorded the highest weekly inflow in over a year, as bitcoin prices broke $30,000, according to data cited by Bloomberg senior ETF analyst Eric Balchunas. Investors poured $65 million into BITO in the past week, breaking a previous 2023 high of just over $40 million in April. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Jun 26, 2023

Bernstein said in a research report that the Grayscale Bitcoin Trust (GBTC) is only 3% of the total bitcoin market cap, which means there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody.” "The Hash" panel discusses how the TradFi giants like BlackRock filing for a spot bitcoin ETF application in the U.S. could impact the crypto industry. Grayscale is owned by CoinDesk’s parent company, Digital Currency Group (DCG).

Jun 26, 2023

The price ratio between ether (ETH) and bitcoin (BTC) sank to a 2-month low as TradFi giants' applications for a BTC exchange-traded fund (ETF) sent bitcoin on a rally. 21.co co-founder and CEO Hany Rashwan discusses the recent price action of the two largest cryptocurrencies by market cap.

Jun 23, 2023

How will the U.S. Securities and Exchange Commission (SEC)’s lawsuits against Coinbase and Binance impact the industry long-term? Perianne Boring, founder and CEO of The Chamber of Digital Commerce, discusses what to make of the SEC’s crypto crackdown, the outlook for a spot bitcoin ETF in the United States. Plus, reactions to Fed Chair Jerome Powell arguing the central bank needs a "robust" role in overseeing stablecoins. And, insights into the Chamber of Digital Commerce's NFT Impact Report.

Jun 22, 2023

eToro U.S. investment analyst Callie Cox discusses her reactions to traditional finance firms like Invesco, WisdomTree, and BlackRock apply for a spot bitcoin (BTC) exchange-traded fund (ETF) and the "pent-up demand" for crypto from institutions. "Institutional money is where this industry grows," Cox said. "Wall Street still believes in certain parts of crypto."

Jun 21, 2023

Bitcoin (BTC), the world’s largest cryptocurrency by market value, is rallying Wednesday as investment management company Invesco (IVZ) reapplied for a spot bitcoin (BTC) exchange-traded fund (ETF), following a similar move by BlackRock. eToro U.S. investment analyst Callie Cox discusses her outlook for the crypto markets and institutional demand for bitcoin.

Jun 21, 2023

BlackRock, the world's biggest asset manager, is close to filing an application for a Bitcoin ETF (exchange traded fund), according to a person familiar with the matter. BlackRock will be using Coinbase (COIN) Custody for the ETF and the crypto exchange’s spot market data for pricing, the person said. Coinbase declined to comment. "The Hash" panel discusses the firm's move into the crypto space.

Jun 15, 2023

The U.S. Securities and Exchange Commission and Commodity Futures charged former FTX director of engineering Nishad Singh with fraud allegations on Tuesday, following his guilty plea to similar charges in a federal court. Separately, Grayscale says it’s preparing to argue in court next week that the SEC inappropriately treated its bitcoin exchange-traded fund bid differently than earlier decisions approving bitcoin futures-based ETFs. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

Feb 28, 2023

21.co co-founder and CEO Hany Rashwan joins “First Mover” to discuss its report on the state of crypto, focusing on macroeconomic conditions and regulation. He shares 21.co’s predictions on bitcoin's price action, OFAC sanctions and the developments in the metaverse. Plus, the possibility of a bitcoin ETF in the US.

Jan 31, 2023

U.S. Securities and Exchange Commission (SEC) rejected a joint effort by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund (ETF) for the second time. Plus, the latest on electric car maker Tesla (TSLA) not buying or selling any bitcoin (BTC) in the fourth quarter.

Jan 26, 2023