Financial Giants Ramp Up Bitcoin ETF Trading, Q2 Allocation Outpaces Last Quarter

Quick Summary:

IMC Chicago, a major trading firm with assets under management totaling $169 billion, has revealed substantial increases in its Bitcoin ETF holdings for the second quarter of the fiscal year.

The firm’s latest 13F filings highlight a strategic shift towards Bitcoin funds by Ark 21Shares and Grayscale.

Notably, its holdings in Ark 21Shares’ ARKB Bitcoin ETF surged from $1 million to $13.41 million.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: India

Topics: Blackrock Bitcoin ETF Spot Bitcoin ETF Bitcoin ETF inflows Bitcoin News Grayscale Bitcoin ETF 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 06:57:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 47 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21647795

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