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In the latest big-name transaction around Bitcoin, $130 billion asset manager Hightower has revealed it purchased $68 million worth of Spot Bitcoin ETF s. Today, Hightower disclosed the following Bitcoin ETF positions in a 13F SEC filing: Grayscale BTC: $44,838,000 (709,956 shares) Fidelity Bitcoin ETF: $12,410,000 (200,084 shares) BlackRock Bitcoin ETF: $7,621,000 (188,397 shares) ARK Bitcoin ETF: $1,702,000 (23,964 shares) Bitwise Bitcoin ETF: $988,000 (25,449 shares) Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares) JUST IN: $130 billion asset manager Hightower discloses buying $68 million worth of spot # Bitcoin ETF s. — Watcher.Guru (@WatcherGuru) May 6, 2024 The diverse set of investments in Bitcoin ETF s is an interesting note, however, it only grows optimism in the world’s leading cryptocurrency nonetheless. Hightower Advisors is one of the leading RIA firms in the country. The firm helps grow financial advisory businesses and connect clients wit...

The newly approved Hong Kong Spot Bitcoin ETF products are reportedly expected to launch as early as April. Indeed, the products are eyeing an arrival date this month according to sub-custodian and infrastructure service provider OSL. Indeed, the digital solutions platform told The Block today. They state that the launch date should be unchanged if the interaction between the issuer and regulator continues to proceed without strain or a slowdown. Additionally, China Asset Management (ChinaAMC) is expecting “substantial” demand for the Bitcoin investment vehicle. Source: Crypto News Also Read: Hong Kong Approves Spot Bitcoin and Ethereum Application Hong Kong Spot Bitcoin ETFs to Launch This Month? In January of this year, the US Securities and Exchange Commission (SEC) approved the creation of 11 Spot Bitcoin ETFs. Just a day later the products went live, and trading began. Since then, the products have been immensely successful, becoming historic in their inf...

In what is certainly a sign of the investment products’ success, asset management firm Fidelity ’s Spot Bitcoin ETF now holds more than $10 billion worth of BTC. Indeed, the firm’s holdings officially surpassed 150,000 BTC just three months after the investment vehicle gained US Securities and Exchange Commission (SEC) approval. Altogether, the collection of approved Spot Bitcoin ETFs called the Newborn Nine collectively maintains more than 520,000 BTC in assets under management. Moreover, these investment products all received approval at the same time, showcasing just how rapidly they have ascended to this successful state. JUST IN: Fidelity ’s spot #Bitcoin ETF now holds over $10 billion worth of $BTC. — Watcher.Guru (@WatcherGuru) April 9, 2024 Also Read: Fidelity Files for Spot Ethereum ETF With Staking Fidelity Bitcoin ETF Holdings Now Exceed $10 Billion in BTC Since the start of the year, the digital asset market has become one of th...

BlackRock reveals that its Bitcoin ETF draws a wide range of investors, reflecting growing interest across different investor profiles in the crypto market. In a recent interview with Bloomberg TV, Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the burgeoning interest in the company’s new spot Bitcoin ETF, IBIT. BlackRock Head of US iShares Product Rachel Aguirre says that the influx of flows into IBIT are coming from both retail and new investor s https://t.co/4ohfZ4ugkC pic.twitter.com/TRKIKsz29s — Bloomberg Crypto (@crypto) January 17, 2024 In response to inquiries about whether an investment in IBIT was being redirected from Grayscale’s GBTC product, Aguirre noted that the firm “observed engagement from various investor s, including both retail and self-directed types.” She mentioned that some “ investor s had shown readiness to invest” from the outset. Aguirre further stated that the “firm is paying atten...

US Senator Elizabeth Warren says that the SEC made the wrong decision in approving Spot Bitcoin ETF applications. In a post on X addressing the regulator’s decision, Senator Warren says that more enforcement is needed if we will allow crypto further into everyday finance. JUST IN: 🇺🇸 Senator Elizabeth Warren says SEC was wrong on spot #Bitcoin ETF decision. — Watcher.Guru (@WatcherGuru) January 11, 2024 Also Read: Vanguard Says They Will Not Offer Spot Bitcoin ETFs The “[SEC] is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision,” her post reads. She then adds, “If the SEC is going to let crypto burrow even deeper into our financial system, then it’s more urgent than ever that crypto follow basic anti-money laundering rules.” The @SECgov is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision. If the SEC is going to let crypto burrow even deeper into our f...

Hashdex , one of multiple asset management firms with a pending Spot Bitcoin ETF application, is celebrating Bitcoin’s birthday. Bitcoin was created 15 years ago, and Hashdex dedicated a video to its inception and inspiration for the future of crypto. JUST IN: Hashdex , Spot #Bitcoin ETF applicant releases video celebrating Bitcoin's birthday. pic.twitter.com/fcnyEuxZCu — Watcher.Guru (@WatcherGuru) January 3, 2024 “Crypto is still in the early stage of adoption” the video says. Hashdex calls Bitcoin a “generational investment” for its time. Now, the firm says that Bitcoin’s time has officially arrived, likely referring to the potential approval of Spot Bitcoin ETFs. Hashdex is one of many asset management firms looking to secure a Spot Bitcoin ETF to make banking with crypto easier for its clients. The SEC has long pushed back its decision on Bitcoin ETF approval in the US, citing multiple concerns. However, US courts have...

Amid its pending application with the US Securities and Exchange Commission (SEC), Bitwise has released its second Spot Bitcoin ETF commercial. Once again, the advertisement Features actor Jonathan Goldsmith, known for his recurring “The Most Interesting Man in the World” character. In the latest ad, Goldsmith says “I thought you would like to know, Satoshi sends his regards.” He ends the ad signaling Bitcoin investors to go with Bitwise for their future Spot Bitcoin ETF. JUST IN: Bitwise releases second Spot #Bitcoin ETF commercial. pic.twitter.com/jeUjqQfY8x — Watcher.Guru (@WatcherGuru) December 20, 2023 Within the commercial, Bitwise shares a link to its website, while referencing “ETFs backed by crypto specialists.” The San Francisco-based asset manager is currently one of a dozen applications seeking to bring forth the first approved spot Bitcoin ETF in the United States. The SEC has long pushed back its dec...

Speaking to CNBC, Grayscale CEO Michael Sonnenshein says that the approval of a Spot Bitcoin ETF would unlock about $30 trillion worth of advised wealth for Bitcoin. Indeed, speaking on the Squawk Box program, Sonnenshein noted that approval will allow investment from individuals who have been “locked out” of a chance to have Bitcoin exposure. Sonnenheim specifically noted that the advised market would have seen a massive influence on Bitcoin investment. Unfortunately, the Grayscale CEO echoes similar statements shared by those optimistic about the approval of a Spot Bitcoin ETF. Moreover, many expect a decision to be made by the US Securities and Exchange Commission (SEC) in early 2024. JUST IN: Grayscale CEO says Spot #Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for #Bitcoin. pic.twitter.com/KTrSUMInnP — Watcher.Guru (@WatcherGuru) December 18, 2023 Also Read: ARK Invest Sells $2.5M in Grayscale GBTC Amid BTC Price Surge...

This past week saw a diverse set of tokens participating in an upswing, and the meme coin Pepe (PEPE) was the star of the show. In the wake of the recent crypto market turbulence, spurred by speculation about Bitcoin spot ETF acceptance, PEPE has made waves with its announcement of burning more than $5.5 million worth of tokens.  A frenzy of crypto-based memes like Pepe Coin have gained fresh momentum last week as Bitcoin rallied https://t.co/tO8Qz12cZ7 — Bloomberg Crypto (@crypto) October 29, 2023 This move led to a significant 30% price hike in a single day, propelling PEPE to its peak in two months. The growth, set against the backdrop of potential Bitcoin spot ETF approval, marks a significant increase in PEPE’s value and indicates a potential rebound in the altcoin sector. According to crypto market monitor CoinGecko, over the previous week, the price of PEPE surged by a remarkable 56.5%. However, its current price of $0.00000115 signifies a 3.5% decrease ...