Tag: ETF

Bitcon, Ether Rise as Hong Kong Exchange-Traded Fund Applicants Say They’ve Been Approved for Bitcoin ETF

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Bitcoin ETF Issuers Push Holdings To 4.27% Of BTC Supply Amid Crash To $61,000

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There’s no denying the launch of Spot Bitcoin ETFs has done wonders for the price of Bitcoin and other cryptocurrencies in general. These ETFs have now unlocked institutional demand into the world’s largest crypto asset to change the dynamics ahead of the next halving. On the other hand, recent tensions between Iran and Israel have seen Bitcoin falling to as low as $61,000 in the past 24 hours to undo weeks of price increases.  Bitcoin ETF Wallets Now Whale Addresses The institutional demand for Bitcoin has been ramping up since…

$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC

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Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K bitcoins. IBIT Has Amassed Nearly 270K Bitcoins Blackrock, the world’s largest asset […] Original

GBTC ETF outflows hit record low as market anticipates BTC halving

The Grayscale Bitcoin Trust (GBTC), an exchange-traded fund, has experienced a significant drop in outflows, reaching a record low that was nearly 90% lower than the previous day. The latest shift occurred simultaneously with Bitcoin’s price rebound after the latest United States inflation data was released, which introduced volatility into the market. On April 10, GBTC experienced outflows amounting to $17.5 million, a stark contrast to the $154.9 million recorded on April 9, based on data from Farside. Bitcoin ETF Flow (US$ million) – 2024-04-10 TOTAL NET FLOW: 123.7(Provisional data)…

CEO Throws Cold Water On May Ethereum ETF Approval

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The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed his belief that their application would likely be rejected, citing…

Grayscale’s Bitcoin ETF continues pre-halving bleed

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All-time spot Bitcoin ETF trading volumes exceeded $200 billion on April 8 despite outflows from Grayscale’s GBTC and a shift in market share.  Grayscale’s converted Bitcoin (BTC) ETF shed $154.9 million, contributing to $19.4 million in cumulative outflows from all 10 U.S. spot BTC investment products, per SoSoValue. The data tracker ranked BlackRock’s IBIT fund as the largest intaker of investor demand with $128.6 million in inflows. Bitwise’s $3.7 million followed BlackRock as the second-biggest inflow of the day, as Fidelity came in third with $3 million. Six spot BTC…

Marathon CEO Credits Bitcoin ETF on Pre-Halving Price Surge

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Fred Thiel, CEO of Marathon Digital Holdings Inc., suggested that recent spot Bitcoin ETF approvals have accelerated the market’s appreciation, typically expected post-Bitcoin halving, by attracting significant capital into the market. Thiel remarked that this shift has led to an unusual pre-halving price increase, diverging from the traditional pre-halving price decline, with Marathon’s break-even rate […] Original