ETFs
Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein
The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.

Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News
HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were first listed on the Hong Kong Stock Exchange back in December.

U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.

BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
While both are technically trusts, there’s one key distinction which makes Blackrock’s proposed investment vehicle an exchange traded fund (ETF).

BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.

WisdomTree CEO Says Crypto Is 'Natural Evolution' of ETF Products
CEO Jonathan Steinberg discussed his company’s soon-to-launch crypto wallet for trading tokenized real world assets such as gold. Blockchain brings democratization to traditional finance, he tells CoinDesk Editor-in-Chief Kevin Reynolds.

Onramp Launches Spot Bitcoin Trust With Multi-Party Custody
The company, based in Austin, Texas, says the new offering is the first bitcoin trust that takes advantage of Bitcoin’s multi-signature capability.

Investors Pour Money Into Crypto Investments for 4th Straight Month
Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.

Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing
The panel of appeals court judges questioned the SEC's logic in drawing a distinction between bitcoin spot market prices and futures market prices.
