Funds Pour into Bitcoin ETFs just as Google Approves Bitcoin Ads

Welcome back, Bitcoiner

It’s been a huge week in Bitcoin with money pouring into ETFs, Google ads opening up and, as I write this now, it looks like the second leg of the US bank crisis is landing with NYCB stock crashing 47% at open.

Bitcoin is hope! 🙌

Today’s Issue

• Bitcoin ETF Trading Update

• EU to label Bitcoin a threat to energy security and environment

• German Police seize 50,000 Bitcoin in arrest

• Hong Kong accelerates Bitcoin ETFs in bid to become Asian hub

• Bitcoin Back on Google Ads

NEWS

Today in Bitcoin

• Bitcoin Mining: GRIID Infrastructure (GRDI) lists on the Nasdaq and Swan unveils new mining operation.

• Billionaire Tim Draper: There will be a bank run, and in time we will be able to buy food and pay rent on Bitcoin.

• Coinbase: Former UK Chancellor, George Osborne, joins Coinbase as a global advisor.

• Tether: Reports $2.58b profit for Q4/2023

BITCOIN ETF

Trading Update - Day 13

• Total NET inflows = $1.26b.

• Grayscale total outflows = $5.4b

• BlackRock & Fidelity break $2b AUM each, holding a combined ~115K Bitcoin.

• ARK and BitWise in 3rd & 4th place with an impressive $630m AUM each.

BITCOIN ETF

EU Planning Bitcoin Mining Crackdown?

The European Commission is working on a report that could lead to an EU-wide ban on Bitcoin mining by 2025.

• EC views Bitcoin mining as an energy-wasting mechanism.

• Concerns about the environmental impact of Bitcoin mining.

• EU might cut power to Bitcoin miners for energy security.

• The European Commission may label Bitcoin as environmentally harmful.

• ECB has proposed carbon taxes and ESG rules for Bitcoin investments.

• European Securities and Markets Authority advocates for global adoption of these measures.

• ECB might disincentivize or prohibit Bitcoin investments.

Click for More…

GERMANY

Police seize 50,000 Bitcoin worth over $2b

German police have confiscated 50,000 bitcoins worth $2.17 billion, the largest of its kind in Germany to date.

• The suspects involved ran a content piracy website until 2013 and have been implicated in a money laundering investigation

• Bitcoins were seized after voluntary transfer to official wallets provided by the BKA

HONG KONG, CHINA

Hong Kong Regulator Receives First Spot Bitcoin ETF Application

Hong Kong asset manager Harvest Fund submitted the first-ever Bitcoin spot Exchange Traded Fund (ETF) with the Hong Kong Securities and Futures Commission (SFC).

The regulator, SFC, is reportedly eager to expedite the approval process for Hong Kong’s first spot Bitcoin ETF, with plans to list it on the Hong Kong Stock Exchange shortly after the Chinese New Year.

Hong Kong’s ETF might distinguish itself from its U.S. counterparts by potentially allowing direct Bitcoin subscriptions, alongside traditional fiat currency subscriptions, offering a unique investment avenue in the region (cash creates AND in-kind). US Bitcoin ETFs are ‘cash creates’ only.

As of now, Harvest Fund remains the only institution to have applied, despite interest from others.

The SFC Chief Executive Officer Julia Leung has hinted at allowing local investor participation in spot crypto ETFs.

TECH

Google changes policy to allow Bitcoin ETFs to advertise on its network

It’s kind of a big deal. Google now dominates the advertising world with the biggest ad network. In 2022 it had almost double the market share of its nearest rival, Facebook’s parent company Meta.

At a time when Wall Street giants BlackRock and Fidelity now have Bitcoin products in the market and ready to spend, having Bitcoin ads on the world’s largest ad network is sure to fuel the next bull run, when it comes.

Fund managers did not wast any time lanching their campaigns on Google, with these ads popping up on the very same day Google changed its policy on the 29th.

Get new customers, huge brand exposure, and drive revenue by partnering with me

Bitcoin Archive is one of the biggest Bitcoin media brands with 1.4m followers on X (twitter) and 30,000 subscribers to this newsletter.

I am also working on launching a multi-media podcast, so get in touch if you would like to explore a brand partnership with me.

Just reply to this email with “Partnership” in the subject line.

Cheers,

Archie 🙌

TELL ME