
April 18th, 2025
The launch of the ETFs next week in Hong Kong will likely draw comparisons with the three-month-old US Bitcoin funds, which have already made a significant impact on Wall Street.
In an attempt to reverse its fortunes, Grayscale revealed its plan to launch an innovative low-cost version of its GBTC fund named “Grayscale Bitcoin Mini Trust” with just 0.15% fees.
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
Some of the crypto platforms that will be blocked in Thailand include Binance and Bybit among others.
Amid a strong mix of trading volumes, market volatility, and “high dispersion”, Nickel’s Diversified Alpha fund returned 5% during the month of March.
Despite some optimism that China’s crypto restrictions will not extend to ETFs, Bloomberg senior ETF analyst Eric Balchunas stated that it is highly unlikely to happen.
Despite recent outflows from Bitcoin ETFs, analyst Eric Balchunas says it’s only 1% of total inflows and calls it “minuscule” in the bigger picture.
Chia Network confidentially filed an amended S-1 form with the US Securities and Exchange Commission at the end of March 2024.
The recent sight of ETF outflow aligns with Bitcoin’s downward trajectory. The cryptocurrency lost 13% of its worth over the past week.
The recorded investment in Web3 efforts increased considerably in Q1 2024 compared to figures from Q4 2023 as investor confidence heightens.
The speculations of these analysts underscore the previous opinion shared by Bloomberg Senior ETF Analyst Eric Balchunas.
The first quarter of 2024 saw the total crypto market cap gain over $1.1 trillion fueled by the historical approval of spot Bitcoin ETFs in the United States.
Spot Bitcoin exchange-traded funds have seen steady trading volumes in April after reaching a peak in early March, maintaining solid activity around $215 billion.
Bybit CEO Ben Zhou attributes the current crypto bull market to institutional investors, with a 186% increase in institutional capital flows last year.
GBTC’s decline coincides with a recent downturn in the crypto market, resulting in Bitcoin price falling drastically.