Bitcoin ETFs – Mcafee

BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption

Posted on September 25, 2024 by ante — No Comments ↓

Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing… Continue reading BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption→

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows

Posted on August 17, 2024 by ante — No Comments ↓

The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in… Continue reading Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows→

Bitcoin ETFs Are “Important, But Not The Drivers,” On-Chain Analyst Argues

Posted on August 14, 2024 by ante — No Comments ↓

An on-chain analyst has explained why the Bitcoin spot exchange-traded funds (ETFs), although important, may be something other than the drivers in the market. Bitcoin Spot ETFs Compared With Other Capital Flows On The Network In a new post on X, on-chain analyst Checkmate has discussed how the different capital flows in and out of… Continue reading Bitcoin ETFs Are “Important, But Not The Drivers,” On-Chain Analyst Argues→

Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests

Posted on August 7, 2024 by ante — No Comments ↓

Bitcoin has gone through a major crash recently, but has the asset yet breached the historical bear market boundary? Here’s what on-chain data says. Bitcoin Is Currently Under Realized Price Of New Whales In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed what the Realized Price of different key… Continue reading Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests→

Morgan Stanley Authorizes Advisors To Offer Bitcoin ETF Products, Report

Posted on August 3, 2024 by ante — No Comments ↓

Morgan Stanley, one of the largest investment banks in the United States, has announced that it will soon allow its 15,000 financial advisors to offer Bitcoin ETF (exchange-traded fund) products to eligible clients. Interestingly, this is the first time a major Wall Street bank has given its wealth management division the green light to promote… Continue reading Morgan Stanley Authorizes Advisors To Offer Bitcoin ETF Products, Report→

Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January

Posted on August 2, 2024 by ante — No Comments ↓

Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics… Continue reading Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January→

Bitcoin ETFs Added To Michigan State Pension Fund With $6.6 Million Allocation

Posted on July 27, 2024 by ante — No Comments ↓

The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify… Continue reading Bitcoin ETFs Added To Michigan State Pension Fund With $6.6 Million Allocation→

In The Works: Jersey City Mayor’s Plan To Introduce Bitcoin ETFs Into Pension Funds

Posted on July 26, 2024 by ante — No Comments ↓

In a significant development showcasing the growing adoption of cryptocurrencies within traditional financial systems, the Jersey City pension fund is in the process of allocating an undisclosed percentage of its assets to invest in Bitcoin ETFs. Jersey City To Join Wisconsin In Bitcoin ETFs Investment According to Jersey Mayor Steven Fulop, the city’s pension fund… Continue reading In The Works: Jersey City Mayor’s Plan To Introduce Bitcoin ETFs Into Pension Funds→

Ethereum ETFs Launch About To Kickstart The Altseason? Analysts Weigh In

Posted on July 24, 2024 by ante — No Comments ↓

The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season. Ethereum Spot ETFs Are Officially Live On Monday, the US Securities… Continue reading Ethereum ETFs Launch About To Kickstart The Altseason? Analysts Weigh In→

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

Posted on June 24, 2024 by ante — No Comments ↓

Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends… Continue reading True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares→