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HafeezHAQQ
Bullish
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Did you know that BlackRock, the world’s largest asset manager, bought 11,500 BTC during the recent dip? That’s equivalent to about 13 days of Bitcoin production. This shows that institutional investors are bullish on Bitcoin and see it as a legitimate asset class. BlackRock’s iShares Bitcoin Trust was the leader among the newly approved Bitcoin ETFs, attracting inflows of $497.7 million in the first two trading days. What do you think of BlackRock’s move? Are you buying the dip too? Let me know in the comments! 👇 #BitcoinETFapproved #BlackRockInCrypto #ETF #InvestingAdventure $BTC

Did you know that BlackRock, the world’s largest asset manager, bought 11,500 BTC during the recent dip?

That’s equivalent to about 13 days of Bitcoin production.

This shows that institutional investors are bullish on Bitcoin and see it as a legitimate asset class.

BlackRock’s iShares Bitcoin Trust was the leader among the newly approved Bitcoin ETFs, attracting inflows of $497.7 million in the first two trading days.

What do you think of BlackRock’s move? Are you buying the dip too? Let me know in the comments! 👇

#BitcoinETFapproved #BlackRockInCrypto #ETF #InvestingAdventure

$BTC

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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JUST IN: Hong Kong Spot ETF OSL manager says Hong Kong could launch spot crypto ETF by mid-year. Gary Tiu, managing director and head of regulatory affairs at OSL, a crypto exchange licensed in Hong Kong, said that the special administrative region may issue the first spot crypto exchange-traded funds by the middle of this year, according to local media. Spot crypto ETFs aim to bring order, investor protection and connections between digital assets and traditional finance. The initiative signals a major turning point, as Hong Kong tries to take a leading role in the fast-growing market for crypto assets. Several fund firms are interested in launching such ETFs, which would allow investors to directly invest in cryptocurrencies without having to deal with the technical challenges of custody and security. The Securities and Futures Commission (SFC) of Hong Kong is actively considering such a possibility, while keeping an eye on the regulatory concerns that need to be cleared before giving the green light. $BTC $ETH #hongkongETF
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Since the launch of the US spot Bitcoin ETFs, the six largest European Bitcoin ETPs have seen a total outflow of $133.5 million, including $8.5 million today. This indicates that investors are rebalancing their portfolios to the more efficient and cost-effective US ETFs. Why is it more cost-effective for a Bitcoin investment by buying a Bitcoin ETF? A Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin and allows investors to buy and sell shares of the fund on a stock exchange. Bitcoin ETFs offer several advantages over direct methods of investing in Bitcoin, such as: - Lower fees: Bitcoin ETFs typically have lower expense ratios than Bitcoin ETPs, wallets, or exchanges. For example, the Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new Bitcoin funds, at 0.20%. - Higher liquidity: Bitcoin ETFs are traded on major stock exchanges, which means they have higher trading volumes and liquidity than other Bitcoin products. This makes it easier for newbie whale investors to buy and sell shares of the fund at any time. - Greater security: Bitcoin ETFs do not require investors to hold or store Bitcoin themselves, which eliminates the risk of hacking, theft, or loss of private keys. Bitcoin ETFs are also regulated, which provides more oversight and protection for investors. - Tech foolproof: Let's be honest. Not everyone interested in investing their fiat is tech-savvy. Just look at how many user errors costing lost of funds upwards of millions of dollars. ETFs serve this niche market for volatile digital assets. Therefore, you may want to consider buying a Bitcoin ETF as a more cost-effective solution for Bitcoin investment. However, you should also be aware of the risks and challenges involved in investing in Bitcoin, such as volatility, regulation, taxation, and competition. You should do your own research and consult a financial advisor before making any investment decisions. $BTC $ETH $BNB #BitcoinETF💰💰💰 #Europe
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