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Spot-based ETFs basically allow investors to indirectly own an asset. When an investor buys shares in a spot-based ETF, they’re buying shares of the fund that owns that asset (e.g., BlackRock ...
Before now, the only crypto-focused ETFs in the U.S. were tied to futures contracts for bitcoin and Ethereum. Spot-focused crypto ETFs purport to allow investors and institutions alike to invest ...
The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...
A spot Bitcoin ETF, which tracks the current price of the popular cryptocurrency, had long been a pipe dream for the crypto industry, with the hope it could open new flows of investment from ...
The other thing to watch in the coming days is which of the Bitcoin ETF issuers gobbles up the biggest market share—history shows new ETFs are a winner-take-all business—and which firms just ...
Leading the spot bitcoin ETF pack is Grayscale Bitcoin Trust at $20.27 billion, followed by BlackRock’s iShares Bitcoin Trust at $3.31 billion and Fidelity’s Wise Origin Bitcoin Trust at $2.75 ...
On Thursday, BlackRock received a record $612 million into its industry-leading Bitcoin ETF and crossed $10 billion in assets under management, a day after the asset class hit a high of $7.7 ...
The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States. The company charged higher than average fees compared to similar exchange-traded funds (ETFs), but said the fees were to cover the costs of trading bitcoin.