MegaYacht Bitcoin ETF Now Live
MegaYacht Bitcoin ETF is now online, as reported by HODL15Capital.
The US Bitcoin ETF saw a net inflow of $60 million yesterday.
HODL15Capital reported that the net inflow of the US Bitcoin ETF was $60 million on April 19th.
Benchmark: Once institutions start investing seriously in Bitcoin ETFs, funds flowing into spot Bitcoin ETFs will grow significantly
Broker Benchmark said in a research report on Thursday that cryptocurrency miners are the group most affected by the halving of Bitcoin rewards. The recent rise in BTC prices may temporarily save many inefficient miners in the Bitcoin network. The role of halving in promoting the retirement of inefficient mining machines and reducing network hash rates will be much smaller than when prices did not rise. Most listed Bitcoin miners have launched or announced plans to increase their power and hash rate capabilities to adapt to reduced revenue and gross profit. Benchmark also stated that the impact of halving on cryptocurrency prices "may be amplified by the concurrent demand impact that will arise after the Bitcoin ETF is approved in the US in January." "We expect that once institutions begin to seriously invest in Bitcoin ETFs, funds flowing into spot Bitcoin ETFs will increase significantly."
Cointime April 6th News Express
1. More than $13 billion in funds have been used to participate in Saga staking mining, making it Binance’s largest Launchpool to date
This week, spot Bitcoin ETFs had a total net inflow of $635.97 million
According to on-chain analyst Yu Jin's monitoring, there was a total net inflow of $635.97 million into spot Bitcoin ETFs this week, corresponding to an increase of approximately 9,675 BTC in spot Bitcoin ETF holdings this week. In addition, the amount of BTC held by BlackRock (IBIT) is only 66,000 less than that held by Grayscale (GBTC). Based on the current trend of Grayscale reducing its holdings and BlackRock increasing its holdings, we should be able to see BlackRock (IBIT) surpassing Grayscale (GBTC) in BTC holdings in the next 2-3 weeks.
Fidelity Bitcoin ETF FBTC Bitcoin holdings exceed 150,000 BTC
HODL15Capital has monitored that Fidelity's Bitcoin ETF FBTC holds over 150,000 BTC, worth $10 billion.
FBTC had a net inflow of $83 million yesterday, and the current spot Bitcoin ETF has achieved a net inflow of $200 million
HODL15Capital has monitored a net inflow of $83 million into Fidelity's FBTC on April 5th. Prior to this, GrayScale's GBTC saw a net outflow of $198.9 million, Bitwise's BITB saw a net inflow of $7.4 million, and BlackRock's IBIT saw a net inflow of $307 million. Based on current data, the net inflow into Bitcoin ETFs on April 5th was $200 million. (Updating...)
South Korean political party pledges to use US Bitcoin ETF to win votes
The two major political parties in the campaign for the South Korean parliamentary elections are promoting incentive measures related to encryption to win votes. The People's Power Party, led by South Korean President Yoon Suk-yeol, pledged to postpone the imposition of digital asset taxes, while the opposition Democratic Party promised to lift restrictions on ETFs (including US Bitcoin products) that directly hold tokens. Hwanseok Choi, a Democratic Party policy expert, said when quoting its declaration that we will allow ETFs, whether domestic or foreign.
Bitcoin ETFs Capture Over $110 Billion in Trading Volume in March
Bitcoin exchange-traded funds listed in the US saw a surge in trading volume in March, reaching over $110 billion, which is three times higher than the volumes in January and February. BlackRock's IBIT accounted for almost 50% of the total trading volume, followed by Grayscale's GBTC and Fidelity's FBTC. The approval of US bitcoin ETFs by the Securities and Exchange Commission in January led to a change in the market dynamic from fundamentals to spot ETF performance, as bitcoin reached a record high of $73,000. BlackRock's volumes have mainly come from inflows since March 15, with a large portion from retail investors.
Source: Bitcoin ETF to be added to UBS platform
According to Twitter crypto KOL AP_Abacus, sources said that Bitcoin ETF will be added to UBS platform and will be widely used next week. UBS manages $3.5 trillion in global wealth.
