Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of these shares stands at $121,207, a small fraction of the bank’s […]
According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s 13F Filing Reveals Investment in Grayscale and Blackrock Bitcoin ETFs For years now, speculative discussions on […]
Salim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as a speculative and immature asset class. Despite Ramji’s prior involvement in launching Blackrock’s successful […]
Top cryptocurrencies of the market lifted upward Monday, spurred by top banks' disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader "Roaring Kitty" that sent meme coins flying. read more
The State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin exchange-traded funds offered by Grayscale and BlackRock. In a May 14 filing with the U.S. Securities and Exchange Commission (SEC), the government entity responsible for managing Wisconsin state trust funds disclosed it held more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT) […]
Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval Authored by Vivek Sun via Bitcoin Magazine, Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year Fidelity has been bullish on Bitcoin for years, launching its Digital Assets branch in 2018 and bringing a successful Bitcoin ETF to market earlier this year. The firm's ETF...
In a recent filing with the US Securities and Exchange Commission (SEC), Morgan Stanley, the American multinational investment bank and financial services company, disclosed its substantial investments in the newly approved Bitcoin ETF market. The bank’s filing revealed holdings in two prominent Bitcoin exchange-traded funds: Grayscale Bitcoin Trust (GBTC) and Ark Invest’s ETF. Morgan Stanley’s […]
State of Wisconsin Investment Board (SWIB) has disclosed it bought almost $100 million of BlackRock’s Bitcoin ETF $IBIT. The state pension disclosed the holdings in a 13F on Tuesday. Senior ETF analyst Eric Balchunas says these filings suggest more firms are set to buy spot Bitcoin ETFs. A state pension has acquired a position in […]
The Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) saw heavy outflows on Monday following bitcoin’s drop below $61,000 on Friday. The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, saw a combined $32.7 million outflows on Monday, according to data from Farside Investors. This number is significantly higher than previous […]
Last week, the US spot Bitcoin ETF market experienced a notable shift in investor sentiment. Positive inflows were reported, breaking a streak of outflows that had persisted for almost a month. The week concluded with a significant $116 million positive inflows, indicative of growing interest in the newly approved index funds. Notably, a new player […]
In a notable development highlighting the increasing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to spot Bitcoin ETFs. The US Securities and Exchange Commission (SEC) approved the regulated index funds in January, allowing institutions like Wells Fargo to invest in the largest […]
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