Latest news with #BitcoinFund
Yahoo
6 days ago
- Business
- Yahoo
Crypto Investment Firms 3iQ, Criptonite Debut Structured Investment Vehicle in Switzerland
Crypto asset manager 3iQ has debuted one of its hedge fund products as an actively managed certificate (AMC) with the Swiss regulated partner Criptonite Asset Management, the companies said on Thursday. AMCs are regulated investment vehicles that allow qualified investors to invest in actively managed products. The new structured product is due to trade on Swiss Exchange SIX. The 3iQ Criptonite Multi-Factor AMC is a hedge fund that uses a long/short strategy, taking advantage of market uptrends and downtrends with dynamic positioning, according to a press release. A pioneer in the crypto trading arena, 3iQ was one of the first fund managers to list a bitcoin fund, with its Bitcoin Fund on the TSX, and the first with a publicly listed ether fund, also in Toronto. 'Talented managers have migrated to digital assets demonstrating their ability to generate the alpha that they previously achieved in traditional markets,' Criptonite CEO Florian Rais said in a statement. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Bitcoin Sees $607M ETF Inflows — Wall Street Just Made Its Move
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin spot ETFs experienced a remarkable $607 million in net inflows on May 21, marking one of the strongest single-day institutional buying sessions since these products launched. The data reveals broad-based interest across multiple ETF providers, with significant contributions from major players, including: The data reveals broad-based interest across multiple ETF providers, with significant contributions from major players, including: Fidelity Wise Origin Bitcoin Fund (Cboe BZX Exchange: FBTC)Inflows: $23.50 million ARK 21Shares Bitcoin ETF (Cboe BZX Exchange: ARKB)Inflows: $4.30 million BlackRock iShares Bitcoin Trust (NASDAQ:)Inflows: $530.60 million This institutional buying surge has propelled Bitcoin to trade above $111,046, surpassing the previous all-time highs established in January. The milestone represents more than just a numerical achievement—it reflects a fundamental shift in how institutional investors view Bitcoin's role in modern portfolios. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The current price action stands in stark contrast to persistent skepticism that has characterized Bitcoin throughout much of its existence. Critics have long dismissed the digital asset as speculative froth or a financial bubble destined to collapse. However, the sustained institutional interest demonstrated through ETF flows suggests a more nuanced reality is emerging. The scale of institutional participation has reached levels that make dismissive narratives increasingly difficult to maintain. When major asset managers like BlackRock (NYSE:BLK) and Fidelity see consistent multimillion dollar daily inflows into their Bitcoin products, it signals that sophisticated investors are allocating meaningful capital based on fundamental conviction rather than speculative fervor. Bitcoin's recent performance during periods of broader market uncertainty has begun to challenge traditional assumptions about its correlation with risk assets. While the digital asset hasn't completely decoupled from traditional markets, its behavior during recent stress periods suggests an evolving relationship with global financial conditions. This evolution reflects several key factors. First, the maturation of Bitcoin's market infrastructure, including regulated ETF products, has made institutional access more straightforward and compliant with fiduciary standards. Second, the growing recognition of Bitcoin's fixed supply characteristics has attracted investors seeking alternatives to traditional monetary assets during periods of currency debasement concerns. Trending: New to crypto? on Coinbase. The ETF vehicle has proven particularly effective at channeling institutional interest. Unlike direct Bitcoin purchases, which require specialized custody solutions and operational expertise, ETFs allow traditional asset managers to gain Bitcoin exposure through familiar regulatory and operational frameworks. The diversity of inflows across multiple ETF providers also suggests this isn't driven by a single large investor or temporary trading strategy. Instead, the data points to broad-based institutional adoption across different types of market participants, from pension funds to family offices to corporate treasuries. Earlier market commentary, including analysis from April 8 examining 'Selling Bitcoin On Recession Fears: Why It's a Flawed Plan And How Bitcoin May Hold Up In The Digital Asset Era,' highlighted Bitcoin's potential resilience during economic uncertainty. Recent price performance amid ongoing global economic concerns appears to validate this thesis. Rather than acting purely as a risk-on asset that sells off during market stress, Bitcoin has demonstrated characteristics more consistent with an alternative store of value. This behavior aligns with the original investment thesis that positioned Bitcoin as a hedge against traditional financial system risks, including currency debasement, excessive debt levels, and geopolitical metrics suggest Bitcoin is transitioning from a purely speculative asset to something approaching institutional acceptance. Volatility, while still elevated compared to traditional assets, has generally trended downward over multi-year periods. The development of robust derivatives markets has also provided institutional investors with sophisticated risk management tools previously unavailable. The regulatory clarity provided by ETF approvals has removed significant barriers to institutional participation. Rather than navigating uncertain regulatory terrain around direct Bitcoin ownership, institutions can now access the asset through SEC-approved investment vehicles that fit within existing compliance frameworks. The current momentum raises important questions about Bitcoin's future trajectory. Sustained institutional buying at these price levels suggests conviction that current valuations remain attractive relative to long-term potential. However, the concentration of recent inflows also highlights the importance of continued institutional adoption for maintaining upward price momentum. The broader implications extend beyond Bitcoin's price performance. If institutional adoption continues at current pace, it could accelerate the development of digital asset infrastructure and potentially influence how other cryptocurrencies are perceived and regulated. Read Next: A must-have for all crypto enthusiasts: . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Send To MSN: 0 This article Bitcoin Sees $607M ETF Inflows — Wall Street Just Made Its Move originally appeared on
Yahoo
16-04-2025
- Business
- Yahoo
SEC Delays Decisions on In-Kind Redemptions, Ether ETF Staking
The Securities and Exchange Commission (SEC) is not yet ready to make a decision on two critical features that issuers of the spot crypto exchange-traded funds (ETFs) are hoping to add to their products. The regulator delayed a decision on whether it will allow in-kind redemptions for WisdomTree's Bitcoin Fund (BTCW) and VanEck's Bitcoin Fund (BITB) and Ethereum Fund (ETHW) on Monday. It also moved its deadline for a decision in regards to a proposal by Grayscale to allow staking its Ethereum Trust (ETHE) and Mini Ethereum Trust (ETH), which the asset manager's exchange, NYSE Arca had requested in February. Cboe, the exchange that is associated with five of the other issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck and Invesco/Galaxy, submitted its amended filing in March for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET). The SEC has not previously allowed staking in spot ether ETFs. But with the appointment of new SEC Chair Paul Atkins, who was confirmed by the Senate last week, things could change quickly. Several other jurisdictions, including Hong Kong, Canada and Europe, have already green-lighted staking for ETFs, but that doesn't put much pressure on the SEC, said one expert. 'The SEC will take their time and move as fast or as slow as they want,' said James Seyffart, ETF analyst at Bloomberg Intelligence. 'They don't care what other regulators are doing in my experience, they might learn from them but I don't think a regulator approving something is going to make the SEC jump through hoops and catch up. They'll go at their own pace.' The regulator now has until June 3rd to make a decision on in-kind redemptions on Bitwise's and WisdomTree's products and June 1st to decide on Grayscale's staking proposal. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
SEC Delays Decisions on In-Kind Redemptions, Ether ETF Staking
The Securities and Exchange Commission (SEC) is not yet ready to make a decision on two critical features that issuers of the spot crypto exchange-traded funds (ETFs) are hoping to add to their products. The regulator delayed a decision on whether it will allow in-kind redemptions for WisdomTree's Bitcoin Fund (BTCW) and VanEck's Bitcoin Fund (BITB) and Ethereum Fund (ETHW) on Monday. It also moved its deadline for a decision in regards to a proposal by Grayscale to allow staking its Ethereum Trust (ETHE) and Mini Ethereum Trust (ETH), which the asset manager's exchange, NYSE Arca had requested in February. Cboe, the exchange that is associated with five of the other issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck and Invesco/Galaxy, submitted its amended filing in March for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET). The SEC has not previously allowed staking in spot ether ETFs. But with the appointment of new SEC Chair Paul Atkins, who was confirmed by the Senate last week, things could change quickly. Several other jurisdictions, including Hong Kong, Canada and Europe, have already green-lighted staking for ETFs, but that doesn't put much pressure on the SEC, said one expert. 'The SEC will take their time and move as fast or as slow as they want,' said James Seyffart, ETF analyst at Bloomberg Intelligence. 'They don't care what other regulators are doing in my experience, they might learn from them but I don't think a regulator approving something is going to make the SEC jump through hoops and catch up. They'll go at their own pace.' The regulator now has until June 3rd to make a decision on in-kind redemptions on Bitwise's and WisdomTree's products and June 1st to decide on Grayscale's staking proposal. Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Bitcoin's Slide Has Traders Hedging Against a Drop to $70,000
(Bloomberg) -- With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day. The Trump Administration Takes Aim at Transportation Research NYC's Congestion Pricing Pulls In $48.6 Million in First Month Shelters Await Billions in Federal Money for Homelessness Providers New York's Congestion Pricing Plan Faces Another Legal Showdown NYC to Shut Migrant Center in Former Hotel as Crisis Eases The open interest, or the number of outstanding contracts, for put options with a strike price of $70,000 is the second highest among all contracts expiring on Feb. 28, according to data from Deribit, the largest crypto options exchange. A total of $4.9 billion in open interest is set to expire on Friday. Bitcoin has tumbled roughly 20% from a record high since Donald Trump's January inauguration, as his combative stance against allies and geopolitical rivals alike shakes investor confidence, and concerns about elevated inflation linger. The crypto sector was also shook by a record hack of the Bybit exchange last week. 'Tariff policies are further dampening the outlook, and stubbornly high short-term inflation expectations add to the overall caution,' said Chris Newhouse, director of research at Cumberland Labs. 'The Bybit exchange hack has exerted additional downward pressure on price and negatively impacted sentiment.' Liquidations of long and short crypto bets accelerated on Wednesday, with about $425 million of positions wiped out over four hours alone as of around 3:30 p.m. in New York, according to data compiled by Coinglass. More than $2 billion of bullish bets were liquidated over the past three days. Bitcoin perpetual futures, one of the most common ways for offshore investors to add leverage, saw a sharp drop in long positions during the period. Bitcoin fell for a fourth consecutive day, dropping around 5.6% to $83,744,bringing its decline of the period to around 13%. That's the biggest four-day slump since August. Other tokens such as Ether and Solana continued to be hit harder, with each down between 7% and 10%, respectively. The most recent price decline was also likely due in part to waning demand for Bitcoin exchange-traded funds. As a group, the funds have seen about $2.1 billion in outflows over the past six days. 'This is a mix of spot selling and basis unwind,' said Bohan Jiang, head of over-the-counter options trading at Abra. 'In my view, nearly all of this is from ETF spot outflows from directional traders.' Investors yanked more than $1 billion from spot Bitcoin ETFs on Tuesday, the biggest outflow since the cohort debut in January last year. The outflows were led by Fidelity Wise Origin Bitcoin Fund (FBTC), followed by BlackRock Inc.'s iShares Bitcoin Trust ETF (IBIT). The group of ETFs that hold Ether directly also saw outflows to a milder degree to the tune of $130 million. 'Ethereum, in particular, has felt the brunt of the Bybit incident, amplifying volatility,' Newhouse said. 'Solana itself is giving up the gains seen over the past few months catalyzed by faltering memecoin hype.' The lack of a decisive signal for another bull run has prompted investors to sit on the sideline and rotate out of cryptocurrencies amid a risk-off environment. 'The crypto market is still in search of a new catalyst to reverse bearish sentiment,' said Ravi Doshi, co-head of markets at crypto prime broker FalconX. Trump's SALT Tax Promise Hinges on an Obscure Loophole Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience Walmart Wants to Be Something for Everyone in a Divided America China Learned to Embrace What the US Forgot: The Virtues of Creative Destruction Meet Seven of America's Top Personal Finance Influencers ©2025 Bloomberg L.P. Sign in to access your portfolio
