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Although the investment vehicles have traded for a mere 50 days, Spot Bitcoin ETFs have already become BlackRock and Fidelity’s most popular funds. Indeed, Bloomberg Analyst Erich Balchunas took to X (formerly Twitter) to share some interesting facts about the two products. Specifically, Balchunas notes that the asset managers IBIT and FBTC Bitcoin ETFs account for more than half of their year-to-date flows. Launching on January 11th after gaining regulatory approval, the investment products have been on a record-setting pace in their short existence thus far. Source: news.bitcoin.com Also Read: BlackRock Says Bitcoin (BTC) is Crucial to the Financial System Spot Bitcoin ETFs Are Proving to be Most Popular Funds for BlackRock, Fidelity At the start of 2024, the digital asset market received a massive surge in mainstream attention following the US Securities and Exchange Commission (SEC) approval of Spot Bitcoin ETFs. These products catapulted Bitcoin to another strato...

The U.S. Securities and Exchange Commission delayed multiple decisions on proposed spot Bitcoin (BTC) ETFs ahead of a possible government shutdown . Pending applications from VanEck, WisdomTree and Fidelity were all delayed on Sept. 28, per The Block. The regulator said it was instituting additional proceedings to determine whether the proposed ETFs should be approved or disapproved. The SEC asked for input from commentators, who have 21 days to submit written data, views, and arguments. There’s another 35-day rebuttal period, which suggests the approval process will drag on for at least a few more months. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. SEC’s WisdomTree filing You might also like: SEC delays Bitcoin ETF proposal, seeks public input Do commenters agree with the Exchange that the Chicago Mercantile Exchange, on which CME Bitcoin futures trade, represents ...

Owing to the latest Binance-CFTC episode, the state of the crypto market has worsened. Right after the largest exchange was sued, the community sentiment turned pessimistic and asset prices started dropping. That being said, companies continue to spread their wings into the ecosystem. Financial service giant Fidelity is currently on the lookout for a crypto and token research development lead to join its existing quantitative research and investments technology team. The “newly created senior role” will bridge the gap and help in guiding a team of quantitative developers supporting the crypto and token research team in asset management. According to the firm, the new leadership role will require the person to work on data and technical frameworks for the evaluation of tokens and the associated blockchain protocols that form the basis of the evolving crypto and DeFi economy. In fact, the head will also tie up with Fidelity business and technology leaders to “identify and ...