Grayscale, BlackRock, Fidelity, ARK 21Shares and Bitwise Bitcoin ETF’s total trading volume has exceeded $23.6 billion in the first 11 trading days
According to Bitcoin Magazine, data shows that the total trading volume of the top five spot Bitcoin ETFs, Grayscale, BlackRock, Fidelity, ARK 21Shares, and Bitwise, in the first 11 trading days has exceeded $23.6 billion. Among them: Grayscale's trading volume was $12.6 billion, BlackRock was $4.8 billion, Fidelity was $4.2 billion, ARK 21Shares was $1.3 billion, and Bitwise was $702 million.
Bloomberg analyst: Ethereum spot ETF has about 60% chance of being approved in May
On January 27th, Bloomberg ETF analyst James Seyffart stated that the likelihood of a physical Ether ETF being approved in May is about 60%. The delay is not surprising, and it is expected that the SEC will postpone the decision on the ETF until later this year. May 23rd will be the next key date for Ethereum's physical ETF, and if the approval in May is not successful, Seyffart plans to wait until 2025.
Roundhill Bitcoin Covered Call Strategy ETF announces allocation details: fee rate is 0.85%
ETF issuer Roundhill Investments has released details of the January distribution of its Bitcoin exchange-traded fund "Roundhill Bitcoin Covered Call Strategy ETF (YBTC)", with a fee rate of 0.95% and a distribution of $1.334300 per share. As previously reported, YBTC began trading on the CBOE BZX last week, and is also the first Bitcoin covered call strategy ETF to be listed in the United States, aiming to provide investors with Bitcoin investment opportunities while also providing risk exposure to Bitcoin price movements (limited by an upward limit).
Bitcoin’s spot ETFs make a splash, but can their AUM surpass gold ETFs?
Spot BTC ETFs made headlines as the media reported $28 billion in assets under management, but how significant is the figure?
The number of BTC held by Bitwise Spot Bitcoin ETF "BITB" has exceeded 10,000
Data disclosed by CC15Capital shows that Bitwise's spot Bitcoin ETF "BITB" achieved a milestone after six days of trading. Its investment management team added $56 million worth of Bitcoin at a cost of 0.01%, bringing its Bitcoin holdings to over 10,000 as of January 20th, with a current asset management scale of $425 million. The total inflow of funds in the first six days was $446 million.
Bitcoin ETF’s total assets under management exceed US$29 billion
On January 21st, according to Coinglass data, the total assets under management of Bitcoin ETF reached 29.16 billion US dollars.
Bitcoin spot ETF records net inflows of $33.1 million on sixth trading day
According to BitMEX Research, on the 6th day of trading for the full Bitcoin spot ETF, it recorded a net inflow of $33.1 million. The total fund inflow situation is currently as follows: BlackRock: net inflow of $1.429 billion, Fidelity: net inflow of $1.283 billion, Bitwise: net inflow of $450 million, Grayscale: net outflow of $2.807 billion.
Bitcoin ETFs: The Bull Case
One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where the market may not react with such optimism.
Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term
On January 14th, according to The Block report, TD Cowen investment bank believes that the US SEC is unlikely to approve the Ethereum spot ETF in the short term.<br>Although spot Bitcoin ETFs have recently been approved, TD Cowen expects that the SEC will take a more cautious approach to approving spot Ethereum ETFs. Analysts pointed out that the SEC may wait to gain experience from Bitcoin ETFs before considering approving Ethereum or other cryptocurrency ETFs.<br>The investment bank stated that the approval process may not take as long as 26 months and may occur after the US election.
VanEck executive: Spot Bitcoin ETF expected to be “very strong in second half”
Matthew Sigel, head of digital asset research at VanEck, said that he expects the spot Bitcoin ETF to be "very strong in the second half of the year." VanEck can compete with larger competitors because large investment advisers will gradually change their attitudes and allow clients to access Bitcoin. Sigel believes that one of the reasons why other Wall Street companies are adopting a slow approach is that they are trying to incorporate Bitcoin into their asset allocation models, which takes time.
