Global #Bitcoin ETF

DigitalX Ltd., a technology and investment company specializing in blockchain technology, has received approval to launch a Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX). T

In a significant turn of events for the cryptocurrency market, Bitcoin (BTC) has experienced a surge in investment through exchange-traded funds (ETFs), reaching a one-month high as the price of the leading cryptocurrency hovers near the $63,000 mark.

The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months' worth of the cryptocurrency's mined supply.

Over the last month, Ethereum has seen a robust 20% increase, largely attributed to the approval of eight spot-based ETF applications, a significant driving force behind this surge.

The Securities and Exchange Commission (SEC) of Thailand has approved One Asset Management (ONEAM) as the pioneer firm to introduce a spot Bitcoin exchange-traded fund (ETF) in the nation.

BlackRock and Fidelity's Bitcoin exchange-traded funds (ETFs) have contributed significantly to their overall ETF inflows this year, constituting 26% and 56% of their respective year-to-date inflows.

BlackRock's income and bond-focused funds have acquired shares of the company's own spot Bitcoin ETF, as revealed by regulatory filings. In the first quarter, BlackRock’s Strategic Income Opportunities Fund (BSIIX) purchased $3.56 million worth of iShares Bitcoin Trust (IBIT) shares, while its Strategic Global Bond Fund (MAWIX) bought $485,000 worth, according to SEC filings dated May 28.

On May 16, there was a notable increase in inflows for the US spot Bitcoin ETF, reaching $257 million. This surge can be attributed to the rising optimism and enthusiasm surrounding Bitcoin ETFs.

In the recent 13F filings with the United States Securities and Exchange Commission (SEC), over 600 firms have disclosed substantial investments in the spot Bitcoin ETF.

Vanguard, a major asset management firm, has appointed Salim Ramji, a former executive at BlackRock known for his Bitcoin-friendly stance, as its new CEO.

Bitwise emerges as the sole Bitcoin ETF to attract recent inflows, standing apart from other funds that either saw stagnant investments or faced withdrawals.

According to reports, BlackRock wants to significantly restructure the board of directors for IBIT, its flagship Bitcoin ETF.