
April 30th, 2025
Two financial stakeholders in Malaysia have partnered to give citizens access to cryptocurrency, through digital asset exchange-traded funds for BTC, ETH, and blockchain-related companies.
While Gold ETFs have been for the past 20 years, five-month-old US spot Bitcoin ETFs currently have 60% of their AUM.
Bitcoin price surged to $71,767 on Bitstamp due to increased inflows into spot Bitcoin ETFs, with analysts noting a strong link between these inflows and the price rise.
Gensler noted that the majority of crypto companies still fail to issue any disclosures highlighting that crypto exchanges have been operating in ways that would be unacceptable.
The notable demand for Bitcoin (BTC) has helped the flagship coin pump towards its all-time high (ATH) together with some altcoins.
Despite this fee waiver, Global X’s Bitcoin and Ethereum ETPs remain relatively modest in size.
Asset issuers globally generated around $2 billion of inflows in crypto-related investment products in May.
Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.
ARKB’s negative flow contrasts with the overall flow of the US spot ETFs, which logged their 13th consecutive day of combined net inflows on the same day.
The partnership between Unchained and UATX comes at a time when academic institutions are increasingly showing interest in the crypto sector.
Despite Vanguard’s ban on crypto ETFs, which prevents their 50 million customers from accessing these funds, the newly launched investment products are thriving without the company.
The NYSE President stated that the successful launch of the spot Bitcoin ETFs in the US has already validated the demand for crypto products. She added that NYSE would wait for clear regulatory guidelines before venturing in this market.
Eric Balchunas, a Bloomberg ETF analyst, is optimistic about BlackRock’s amended S-1 filing, considering it a positive sign for the future launch of Ethereum ETFs.
Despite the optimistic signs of re-accumulation and bullish sentiment, Glassnode highlights that the current bitcoin bull cycle appears to be more tempered compared to historical cycles.
The high sponsor fee for Grayscale’s GBTC has pushed investors away to other more liquid and favorable similar Bitcoin products such as IBIT, and FBTC.