Global #ETFs

Taiwan’s Financial Supervisory Commission (FSC) has announced a significant development in its regulatory framework, allowing professional investors to invest in foreign virtual asset exchange-traded funds (ETFs) through a re-entrustment method.

State Street Global Advisors, through its Galaxy Asset Management division, has launched a suite of innovative ETFs aimed at capturing the burgeoning potential of digital assets and transformative technologies.

As the financial world awaits the Federal Open Market Committee (FOMC) meeting, scheduled to provide crucial insights into potential rate cuts by the Federal Reserve in September, attention in the cryptocurrency market is particularly focused on Bitcoin and Ethereum Exchange-Traded Funds (ETFs).

BlackRock, a leading global investment management corporation, has indicated a strong preference for Bitcoin and Ethereum in the realm of cryptocurrency exchange-traded funds (ETFs).

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Bitcoin exchange-traded funds (ETFs) have attracted $488 million in net inflows, pushing the price of BTC to $71,767, nearing its peak value and indicating renewed investor confidence.