Tag: ETF

SBI Group Unveils Plans for Japan’s First Bitcoin-XRP ETF

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Japanese financial giant SBI Holdings plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report Thursday, the company outlined plans for two crypto-based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust.  According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, such as Bitcoin ETFs; this will be publicly offered as an investment trust in Japan. The second proposal combines two top cryptocurrencies, Bitcoin…

Michigan Pension Fund Triples Bitcoin ETF Holdings to 300,000 Shares as Institutional Adoption Accelerates

Key Notes Michigan pension fund expanded ARK Bitcoin ETF position from 100K to 300K shares, signaling institutional crypto adoption growth. State legislators introduced four bills in May to create comprehensive crypto regulatory framework including mining initiatives. Bitcoin’s technical indicators show bearish crossover signals with RSI at 44, creating potential downside risk toward $110K levels. The State of Michigan Retirement System tripled its stake in the ARK 21Shares Bitcoin ETF (ARKB) during Q2, boosting holdings from 100,000 to 300,000 shares. The new SEC filing highlights growing institutional demand for Bitcoin, even…

Bitcoin Treasuries and ETF Investors Diverge Over Buying the Dip

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Key points: Bitcoin corporate treasuries added 630 BTC to start the week, continuing a month-long inflow trend. The move contrasts with an ongoing sell-off among the Bitcoin ETFs, which sold nearly $300 million Monday. Not everyone is bearish about “buying the dip” at current levels. Bitcoin (BTC) corporate treasuries added over 600 BTC Monday despite crypto market nerves. Data from quantitative digital asset fund Capriole Investments confirmed that corporate buyers are ignoring the BTC price dip. Bitcoin treasuries buck ETF sell-off trend Bitcoin is still a solid “buy” for some…

BlackRock’s IBIT Dominates Bitcoin ETF Outflows at $292 Million

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Key Notes BlackRock Bitcoin ETF (IBIT) saw a massive $5.2 billion in net inflows in July, reinforcing its positions as a leader in the space. US spot Bitcoin ETFs saw their third consecutive day of outflows, led by IBIT, Fidelity’s FBTC, and Grayscale’s GBTC. Bloomberg’s Eric Balchunas highlighted a shift in institutional interest toward digital assets and hedge funds, amid a slowdown in private asset fundraising. BlackRock iShares Bitcoin Trust (IBIT) dominated the spot Bitcoin ETF outflows on Aug. 4, at $292 million. This is the biggest outflow since May…

BlackRock Bitcoin ETF Records Largest Outflow Since May

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BlackRock’s US-listed Bitcoin fund has just recorded its largest outflow since May as Bitcoin dipped on the weekend and slightly recovered on Monday.  BlackRock’s iShares Bitcoin Trust (IBIT) saw an outflow of $292.5 million on Monday, its largest outflow in two months. There was a minor outflow on Friday last week, ending a 37-day inflow streak.  The reversals come as Bitcoin (BTC) fell further from its July 14 all-time high on the weekend, retreating 8.5% to bottom out at $112,300 on Sunday before recovering to reclaim $115,000 in late trading…

$5.4B ETF Inflows, Whale Accumulation, and 2021 Breakout Pattern

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Ethereum (ETH) is capturing market attention with signals of a potential breakout reminiscent of Bitcoin’s historic 2021 bull run. Analysts cite a combination of strong technical indicators, increasing ETF inflows, and intensified whale accumulation as key reasons Ethereum could soon outperform Bitcoin. Related Reading ETH recently broke out of a classic falling wedge pattern, a technical setup often linked to trend reversals. This bullish formation, combined with multiple Relative Strength Index (RSI) taps, suggests Ethereum may be poised for a significant upward move. The RSI behavior mirrors Bitcoin’s movements in…

Bitcoin Mining Difficulty Hits Record as ETF Assets Top $500B

Key Notes Bitcoin mining difficulty has reached an all-time high of 127.6 trillion. Miner earnings hit a post-halving high of $52.63 million per exahash. Miner outflows have dropped nearly 49%, indicating strong holding sentiment. The Bitcoin BTC $114 969 24h volatility: 1.0% Market cap: $2.29 T Vol. 24h: $28.65 B mining difficulty climbed to a record high of 127.6 trillion this week, making it harder than ever to mine new BTC. Miners now need more computing power to solve the puzzles required to validate transactions and earn rewards. However, a…

Ethereum Whales Accumulate $300M As ETF Inflows Hit $1.7B

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Ether whales continued to buy the cryptocurrency in droves, according to onchain analysts, as ETH recovers from a weekend dip.  “Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 million worth of Ether (ETH) from over-the-counter (OTC) trading at Galaxy Digital. The whale address currently holds 79,461 ETH, worth around $282.5 million.  BlackRock has also been loading up on ETH, with the firm’s iShares Ethereum Trust ETF seeing $1.7 billion in inflows over the past 10 consecutive trading days.…

SEC Upping Bitcoin ETF Options Limits Will Boost IBIT: NYDIG

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BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC on Tuesday increased the number of allowed options contracts from 25,000 to 250,000 “for all ETFs with options,” which includes the iShares Bitcoin Trust ETF (IBIT) but not the Fidelity Wise Origin Bitcoin Fund (FBTC), NYDIG’s global head of research, Greg Cipolaro, said in a report on Friday. “The change is likely to widen the monstrous lead that…

XRP ETF From Teucrium Sees Enormous Interest, Gains Massive Traction With Extraordinary Inflows

Teucrium’s XRP ETF is rewriting the record books as skyrocketing investor demand propels it past every fund in the firm’s 16-year history with unstoppable momentum. “It is our most successful fund,” said the firm’s president. Teucrium’s XRP ETF Fires Past Every Fund in Company History With Accelerating Demand Investor appetite for XRP exposure is accelerating […] Source CryptoX Portal