Wealth management firms are predicted to increase Bitcoin ETF holdings. BlackRock's IBIT nears Grayscale, while GBTC faces significant outflows.
The forecast mirrors the growing demand for ETFs, as evidenced by recent positive inflows in the U.S. Bitcoin ETF market.
Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their Bitcoin exchange-traded funds in terms of holdings. The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving., standing just $2 billion shy. This positions BlackRock to potentially surpass Grayscale as the world’s largest Bitcoin fund. Grayscale’s Bitcoin Trust In contrast, IBIT saw continuous asset growth, reaching approximately $17.
Despite its early lead, Grayscale’s supremacy in the Bitcoin ETF market seems to be diminishing. Fidelity and BlackRock quickly gained substantial market shares from the onset of trading. For instance, Fidelity and BlackRock Bitcoin ETFs experienced net inflows of $37.3 million and $18.7 million in the same week, providing relief to some of the market’s liquidity issues.) and multifamily offices as “stealthy but significant.
GBTC launched in 2015 and converted to an ETF in January, alongside the launch of nine other spot Bitcoin ETFs after Grayscalea16z snubs crypto, Mango Markets exploiter found guilty and Worldcoin launches blockchain network: Hodler’s Digest, April 14-20
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock updates Bitcoin ETF, adds 5 Wall Street firmsBlackRock updated its Bitcoin ETF prospectus on April 5, adding five big Wall Street firms as new authorized participants.
Read more »
BTC price bounces at $66K as BlackRock adds US banks to Bitcoin ETFBitcoin ETF news takes precedence over a bearish BTC price reaction to the latest U.S. employment numbers.
Read more »
BlackRock names Citi, Citadel, Goldman Sachs as bitcoin buyers for its ETFCitadel, Citi, Goldman Sachs and UBS were revealed to be authorized participants of BlackRock's spot bitcoin ETF in a new regulatory filing. They join firms such as Jane Street Capital and JPMorgan.
Read more »
BlackRock Adds Goldman Sachs, Citigroup, Citadel as APs for Bitcoin ETFHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »
BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17BBlackRock’s CEO Larry Fink says the firm’s iShares Bitcoin Trust is the “fastest growing ETF in the history of ETFs.”
Read more »
BlackRock’s spot Bitcoin ETF amasses 250,000 BTC as Fidelity’s crosses $10 billion AUMMeanwhile, Ark Invest 21Shares’ ARKB spot Bitcoin ETF generated its best daily inflows of more than $200 million on Wednesday.
Read more »