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.
Read MoreThe 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.
Read MoreOver 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.
Read MoreThe 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.
Read MoreBlackRock 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.
Read MoreBlackRock'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.
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