Tag: ETF

Grayscale Bitcoin ETF records first inflow after losses

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Grayscale’s Bitcoin Trust (GBTC), the largest Bitcoin (BTC) exchange-traded fund (ETF) by assets, has reported its first net inflow since its launch in January 2024. This comes after the fund experienced $1.6 billion in outflows before the Bitcoin halving. On May 3, GBTC recorded a net inflow of $63 million, according to data from Farside Investors. This marked the first positive net flow for the fund since its conversion to an ETF in January, when 11 new spot Bitcoin ETFs were launched in the U.S. Several factors contributed to the…

Spot Bitcoin ETF Token Presale Crosses $200,000 – Blockchain News, Opinion, TV and Jobs

ETFswap (ETFS) is reshaping how the crypto industry interacts with Spot Bitcoin ETFs through the tokenization of assets, triggering massive demand for its token presale.  The approval of the first Spot Bitcoin ETFs in January 2024 by the United States Security and Exchange Commission (SEC) opened up the industry for fresh investment from new investors. However, Spot Bitcoin ETFs are not very accessible to the broader crypto community members, but to the deep pockets in the crypto industry.  Thankfully, ETFswap (ETFS) is reshaping the whole dynamics by making it possible…

Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market

Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s rise in spot Bitcoin exchange-traded funds (ETFs). The firm, which provides price data for the ETFs, is now handling about $24 billion worth of crypto ETFs, according to a Bloomberg report, representing roughly half of the crypto benchmarking market. CF Benchmarks CEO Sui Chung said in an interview the firm…

Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash

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The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for…

Bitcoin’s price may remain flat as spot ETF outflows advance 

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Bitcoin prices plunged or traded sideways after the halving, prompting opinions that BTC price activity could cool as spot ETF outflows proceeded. The U.S. spot Bitcoin (BTC) ETF data from April 30 showed that GBTC single-day net outflows amounted to over $93 million, contributing to a cumulative outpour worth more than $162 million from four tradable funds. Grayscale’s Bitcoin ETF outflows have recently decelerated, but historical GBTC exits remain staggering at over $17.3 billion since its conversion in January. Grayscale CEO Michael Sonnenshein previously said outflows should decline as the…

An ETH ETF Wouldn’t Deliver Full-Returns to Investors

An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic Capital Management. Source

SEC Ethereum ETF rejection sparks debates; Render rival poised for surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…

U.S. stablecoin bill may trump Bitcoin ETF impact

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Bitwise CIO Matt Hougan said that the U.S. adopting comprehensive stablecoin legislature could signal the long-awaited “mainstreaming of crypto.”  In a note addressed to clients, Hougan theorized that stablecoin regulations may have an even bigger impact than the largely successful spot Bitcoin (BTC) ETFs.  “The launch of bitcoin ETFs in the U.S. epitomizes this transition, but it’s not the only road marker. Others include BlackRock launching a tokenized Treasury fund on the Ethereum blockchain, Europe passing comprehensive crypto legislation, Ray Dalio calling on investors to own “non-debt money” like bitcoin,…

BlackRock Bitcoin ETF attracts no inflows for 4th consecutive day

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Following last week’s digital asset investment product sentiment, spot Bitcoin ETFs again saw capital exits on April 29.  According to SoSoValue, 11 U.S. spot Bitcoin (BTC) ETFs recorded $51.53 million in cumulative single-day outflows.  Grayscale’s GBTC fund was upstaged by another player in a rare occurrence. While GBTC noted $24.66 million in exits, investors withdrew $31.34 million from ARK 21Shares’ BTC ETF. Fidelity’s spot Bitcoin ETF also saw outflows of $6.85 million. Meanwhile, five issuers, including BlackRock’s IBIT fund, did not attract inflows. BlackRock has leapfrogged Grayscale as the new…

Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch

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The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the United States. HK Bitcoin ETF Market Poised For Record-Breaking Debut Zhu Haokang, the Digital Asset Management Supervisor and Family Wealth Supervisor at Warsaw Fund expressed great confidence in the trading volume of Hong…