Tag: ETF

Texas Bitcoin Reserve to Shift From ETF to BTC Custody

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Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document. The move, posted May 7 and announced in a Thursday release from the Texas Comptroller’s office, would move Texas closer to directly held Bitcoin through a third-party custody arrangement rather than relying solely on ETF exposure, marking a shift from ETF exposure to direct onchain ownership. Texas has allocated $10 million to the Strategic…

Blackrock Leads $733M Bitcoin ETF Selloff as HYPE Funds Keep Drawing Inflows

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Key Takeaways Bitcoin ETFs lost $733.43M, with Blackrock IBIT shedding $527.84M on May 27. Ether ETFs saw an outflow of $67.15M led by Blackrock ETHA, extending a 12-day outflow streak. HYPE and solana ETFs gained $3.40M and $557K as altcoin demand stayed selective. Bitcoin ETFs Extend Losing Streak to Eight Days as Blackrock Loses $528M The selling pressure in crypto ETFs is no longer a passing phase. It is starting to look like a steady withdrawal of risk. Bitcoin ETFs suffered the sharpest blow of the day, posting $733.43 million…

Grayscale shifts $112m in Bitcoin to Coinbase Prime amid ETF flow churn

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Grayscale has transferred roughly $112 million in Bitcoin to Coinbase Prime, adding to a steady drumbeat of institutional-sized flows hitting centralized venues this year. Summary Grayscale sent 1,530.704 BTC to Coinbase Prime worth about $112m in one hour. The move follows earlier multi hundred million dollar transfers tied to ETF redemptions. On chain data again puts Arkham in the middle as watcher of institutional flows. Grayscale deposited 1,530.704 Bitcoin into Coinbase Prime worth approximately $112 million in the last hour, according to blockchain tracking from Arkham relayed by ChainCatcher. The transfer went from…

Will Bitcoin fall to $70K as over $6.2B options expiry and ETF outflows hit markets?

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Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. Summary Bitcoin price fell toward the $73,000 region as over $6.25 billion in BTC options headed toward expiry alongside nearly $733 million in spot ETF outflows. BlackRock’s IBIT recorded roughly $527.8 million in outflows, while CoinGlass data showed nearly $330 million in Bitcoin long liquidations within 24 hours. Analysts warned that failure to hold the $73,000-$71,000 support range could expose Bitcoin to a deeper…

The HYPE ETF Outpaced Every Crypto ETF Debut on Record – Institutions Rush Exposure

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HYPE has pushed above $60 to set a new all-time high, creating a bullish environment that stands in sharp contrast to the broader market struggling with selling pressure and uncertainty. The breakout is significant on its own — but data from Kairos Research has revealed a development in the ETF market that places the current momentum in a historical context that amplifies the significance of the price action considerably. Related Reading The spot HYPE ETF has absorbed 1.04% of HYPE’s total market capitalization within its first ten trading days of…

Bitcoin price holds $75K as ETF demand weakens

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Bitcoin price hovered near the $75,000 zone on Wednesday as volatility cooled and traders watched whether the latest support area could hold. Summary Bitcoin price trades near $75K as lower volatility and weak spot demand limit buyer conviction. BTC faces pressure from Bitcoin ETF outflows and signs of lower institutional exposure in spot funds. Traders are watching $74,662 support, with $76,327 acting as the first recovery level near term. (BTC) traded around $74,834 after sliding 2.02% over 24 hours, with intraday movement between $74,708 and $76,140. According to data from…

Bitcoin, Altcoins Selloff Amid Rising ETF Outflows

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Key points: Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment. Most major altcoins look weak, suggesting the bears are in control. Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are slowly taking charge of the crypto market. Institutional investors seem to be on a selling spree, with BTC exchange-traded funds recording net outflows of $1.88 billion since May 15, per Farside Investors’ data. Glassnode said in a post on X that persistent net outflows from BTC ETFs…

HYPE ETFs Lead Crypto ETF Debuts by Market-Cap Flow Metric

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Spot Hyperliquid exchange-traded funds absorbed 1.04% of HYPE’s market capitalization in their first 10 trading days, giving them the strongest crypto ETF debut by one market-cap-adjusted demand metric, according to Kairos Research. Kairos compared cumulative net flows into new spot crypto ETF issuers against the market capitalization of each underlying asset at launch. By this metric, HYPE ETFs outpaced spot Bitcoin, Ether and Solana ETF debuts, which absorbed 0.59%, 0.41% and 0.31% of their respective market capitalizations. Bloomberg ETF analyst Eric Balchunas said the 21Shares Hyperliquid ETF (THYP) had risen…

HYPE Hits $65 As ETF Flows Fuel Growth: Is $100 Next?

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Hyperliquid’s native token HYPE continues to rally, possibly targeting $100 as its next all-time high, as inflows to its exchange-traded funds highlight investor demand.  Inflows into the HYPE ETFs reached $89 million over the past nine days, which is equivalent to nearly $9.2 million in daily buying pressure.  The combined assets under management (AUM) across Bitwise’s BHYP and 21Shares’s THYP climbed to $89 million within days of launch, giving HYPE one of the fastest ETF accumulation curves among crypto investment products. Total spot HYPE ETF net inflows. Source: SoSoValue Bitwise…

Bitcoin Risk Index Climbs Amid ETF Outflows, Iran Fears

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Bitcoin is sliding into a high-risk environment due to continued institutional selling, primarily from US spot exchange-traded funds, according to crypto analytics platform Swissblock. Swissblock said on Tuesday that its Bitcoin risk index was at a high risk score of 33 out of 100, adding that “every time the Risk Index signals that selling pressure is structurally overwhelming the market, what sits underneath is institutional distribution.” The platform’s proprietary risk index was developed to gauge the overall risk level in the Bitcoin market by measuring the relative balance between selling…