Tag: ETF

Spot BTC ETF inflow plunged 87%, crypto market faces correction

The cryptocurrency market has witnessed a notable correction after a significant decrease in the Spot Bitcoin ETF inflows in the U.S. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $53.3 million in inflows on July 17, showing an 87% decrease from July 16. This is the lowest amount of net inflows for the investment products since July 5. Data shows that the iShares Bitcoin Trust (IBIT) alone saw $110.4 million in inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) also brought $2.8 million…

In Likely Precursor to Ethereum (ETH) ETF Approval, Most Applicants Have Submitted Their Final Forms

In the filings, the prospective issuers revealed the final details of the fund structures, including management fees, which turned out to be relevant for investors when choosing which spot bitcoin ETF they would invest in when they debuted early this year. Experts have said that the fee war in this round of launches would be similar to the competitive landscape then, when issuers kept lowering their fees to compete with other funds. Source

Bitcoin ETF Giant Grayscale Launches Crypto Artificial Intelligence (AI) Fund; NEAR, RNDR, FIL, TAO, LPT Prices Jump

“The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology,” Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in the press release. Source

Bitcoin ETF Inflows Hit Six-Week High of $422.5M

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

In Crypto, ETF Stands for ‘Everything That Fits’

To be sure, the assets under management (AUM) attributable to IBIT, BlackRock’s Spot Bitcoin ETF, remains miniscule in the face of BlackRock’s total AUM (if you take out the AUM of IBIT – $18 billion – from BlackRock’s total AUM of $10.6 trillion, you’re still left with $10.6 trillion). Still, Fink’s comment further legitimizes bitcoin in the eyes of the Boomer financial advisors now that firms like BlackRock and Fidelity (still waiting on Vanguard) bless bitcoin as a legitimate asset with a place in portfolios. Source

Bitcoin ETF inflows hit $16 billion: will Ethereum follow?

boss

Spot Bitcoin (BTC) ETFs are doing well as their inflows accelerate, helped by institutional and retail investors. Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion. Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and…

Ethereum to Dominate Bitcoin Soon after US ETF Approvals

CoinspeakerEthereum to Dominate Bitcoin Soon after US ETF Approvals As the launch of the spot Ethereum ETF nears, institutional players are closely observing the ETH price action. In its latest report, Kaiko showed strong optimism on Ethereum’s future market performance. Kaiko predicted that Ethereum could outperform Bitcoin with the upcoming launch of the spot Ethereum ETFs scheduled within the next two weeks. Not only Ethereum, Kaiko believes that the development will catalyze the broader market momentum leading to greater institutional inflows. The Kaiko Research report specifically focuses on Ethereum’s market…