21Shares AG is advocating for the European Securities and Markets Authority to standardize regulations for crypto assets in UCITS funds, aiming to simplify the landscape for both retail and institutional investors. This push for a consistent regulatory framework across EU member states seeks to remedy the current disparities that obscure investment choices and potentially compromise investor protection.

The company stresses that establishing clear guidelines for crypto exposure would match the levels of investor safety seen in other major markets, like the US and Hong Kong, which have already integrated Bitcoin and Ethereum ETFs. Mandy Chiu of 21Shares emphasizes the need for a unified approach to bolster Europe’s position in financial innovation and ensure robust market stability and growth.

By aligning crypto asset regulations, Europe can enhance portfolio diversification opportunities in a regulated setting, promoting transparency and reducing risks associated with non-regulated venues. The swift adoption of such measures is crucial to maintaining competitiveness on the global stage and meeting investor demands for accessible, secure crypto investments.

Source

The smell of fall in the air, this weekend I indulged in apple delicacies, watched the changing leaves, and oh yeah, traveled to make sure my Bitcoin custody is up to date…

If you follow me on X, you know that I hold Bitcoin with Casa, a multisig security provider, and that I use the service to manage a few different multisig vaults for various purposes.

This requires keeping a number of keys and wallets up to date, and since I don’t keep any key materials at home, it requires some degree of routine and dedication. 

I’ve self-custodied my Bitcoin since 2020, and…

Read more on BitcoinMagazine

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The other week, I made my opinion clear that I believe Donald Trump is the best candidate for Bitcoin in the upcoming 2024 presidential election. Aaron responded, and after reading it, I feel he’s still missing the bigger picture. Aaron’s main points seem to be that Trump is just using Bitcoiners for their votes, and that he won’t follow through on his promises.

While I partly agree with the former point, I disagree with the latter. Contrary to what I’ve seen some Bitcoiners online say, I do not think Trump has to be a hardcore Bitcoin…

Read more on BitcoinMagazine

As of October 7, 2024, the U.S. Bitcoin ETFs experienced a net outflow of 1,683 BTC, reducing the total Bitcoin holdings to 921,102 BTC. Notably, BlackRock’s IBIT ETF recorded a significant inflow, adding 962 BTC to its holdings, which now total 367,410 BTC. This substantial influx contrasts starkly with other funds.

ARK Invest’s ARKB ETF faced a large outflow, losing 1,868 BTC, bringing its total down to 47,304 BTC. Similarly, Grayscale’s GBTC ETF also saw a considerable decline, with an outflow of 576 BTC, lowering its holdings to 220,606 BTC. VanEck’s HODL ETF decreased by 255 BTC, resulting in holdings of 11,737 BTC, while Fidelity’s FBTC ETF had a smaller outflow of 44 BTC, leaving it with 177,926 BTC.

Bitwise’s BITB ETF bucked the trend with a modest inflow of 98 BTC, increasing its total to 38,999 BTC. Meanwhile, other funds like Grayscale’s BTC, Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC ETFs reported no changes in their holdings.

Overall, despite the positive inflow in some ETFs, the significant outflows in others led to a net decrease in holdings by $107.4 million, reflecting mixed investor sentiments in the Bitcoin ETF market.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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