#fidelity

#fidelity

U.S. spot Bitcoin ETFs experienced $287.8 million in withdrawals, the largest since May, highlighting market volatility. [ more ]

Bitcoin outflows from ARK 21Shares ETF surpassed Grayscale's for the first time.

BlackRock's IBIT and Fidelity's FBTC led sector's net inflows at $40 million. [ more ]

The BlackRock iShares Bitcoin ETF (IBIT) has reached $2 billion in assets under management (AUM).

Grayscale's GBTC, which converted into a spot ETF, had nearly $30 billion in AUM. [ more ]

Bitcoin ETFs are seeing negative flows for the first time since their launch, with a net outflow of $158 million on Wednesday.

BlackRock's IBIT and Fidelity's FBTC are leading the way among the ETFs, but their inflows have slowed in the past few days. [ more ]

Investors have invested $1.9 billion in nine new bitcoin ETFs in their first three days of trading.

BlackRock and Fidelity are leading in attracting the majority of investor flows. [ more ]

Net inflows into newly approved bitcoin exchange-traded funds (ETFs) amount to approximately 21,000 BTC or $894 million. BlackRock's iShares Bitcoin Trust leads with 16,362 BTC, followed by Fidelity's Wise Origin Bitcoin Fund with 12,112 BTC. Grayscale's Bitcoin Trust experienced sizable outflows.

The conversion of Grayscale's Bitcoin Trust (GBTC) from a closed-end fund to an ETF, along with a reduced management fee and no longer trading at a discount to net asset value, has led to selling by GBTC holders. [ more ]

Fidelity will not stake ether in its proposed spot ETF. [ more ]

Franklin Templeton has applied for an Ethereum ETF with the SEC.

Other asset managers such as BlackRock and Fidelity have also submitted ETF applications recently. [ more ]

Global X has withdrawn its application for a spot bitcoin ETF on Cboe BZX Exchange.

BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are leading the race in terms of total flows for ETFs. [ more ]

Vanguard is preventing customers from buying bitcoin ETFs like IBIT and GBTC through its retirement brokerage accounts.

Vanguard spokesperson stated that the company has no plans to permit buying of bitcoin ETFs, citing their high volatility. [ more ]

U.S.-listed bitcoin ETFs had over $110 billion trading volume in March, a significant increase from January and February.

BlackRock's IBIT led the trading volume, with Grayscale's GBTC and Fidelity's FBTC following closely. [ more ]

Kevin O'Leary is not interested in bitcoin ETFs due to the fees associated with them.

He believes that only a few of the approved ETF applications will survive, with companies like BlackRock and Fidelity having the best chance. [ more ]

U.S.-listed spot bitcoin ETFs had significant inflows, led by Fidelity's FBTC. [ more ]

Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion.

Fidelity has slightly marked up the value of its holding in Reddit, Gupshup, and X. [ more ]

Fidelity has cut the value of its holding in Meesho by 33.6%

Meesho has a valuation of $3.5 billion adjusted for outstanding shares [ more ]

Altcoins gain momentum as bitcoin remains flat

Fidelity's Jurrien Timmer expects consolidation of recent gains in bitcoin [ more ]

Bitcoin's price is down due to the impact of the recently approved BTC ETF, but Fidelity's Jurrien Timmer expects the sell-off to be short-term.

Timmer believes that bitcoin's current price is reasonable and its longer-term prospects look bright, potentially leading to widespread adoption as a commodity-currency. [ more ]

BlackRock, Fidelity, and other firms have revealed the fees for their spot bitcoin exchange-traded fund (ETF) applications in the U.S.

BlackRock's fee will start at 20 basis points and settle at 30 bps once the fund reaches $5 billion.

Other applicants, like Fidelity, ARK, VanEck, announced fees ranging from 0.25% to 0.39%. [ more ]