In today’s edition of the weekly recap: Ripple files a cross-appeal in the SEC lawsuit; spot Bitcoin ETFs reach a new milestone; reports of Tether’s probe; crypto sees renewed adoption. Ripple v. SEC Bitcoin ETFs sustain inflows Renewed adoption Political… Original
October marked a strong month for U.S. spot Bitcoin ETFs, with over $3 billion in net inflows as demand reached its highest level in six months. Over the past week, inflows into the 12 spot Bitcoin (BTC) exchange-traded funds pproached $1 billion, with four days of positive flows recorded during this period. The majority of these inflows originated from BlackRock’s IBIT, the largest ETF by net assets, which is nearing $24 billion in total inflows since its launch. Despite strong inflows in the past week, the prior week proved even…
The bigger picture concerns the growth of the crypto sector in Canada more broadly. The amount of crypto collectively held in Canada’s ETFs might not seem like a big deal right now, Bordianu says, but given the growth of things like tokenized real world assets and the proliferation of stablecoins, Canada needs to focus on building its own infrastructure to handle these assets. Source
Bitcoin’s surge toward its two-month high of $69,000 was fueled by strong inflows into spot exchange-traded funds and a marked rise in short liquidations. At press time Bitcoin (BTC) was trading at approximately $67,739, rising by 0.6% in the past 24 hours, while the asset’s market capitalization hovers around $1.33 trillion, driven by a daily trading volume close to $30 billion. Short liquidations surge, fueling price rally Data from Coinglass indicates that short liquidations played a critical role in propelling Bitcoin’s latest upward movement. Over the past 24 hours, Bitcoin…
Este artículo también está disponible en español. The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. Related Reading On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary seven-day streak of positive inflows. Farside Investors are the source of this data, a company that specializes in the analysis of ETF flows. A Brief Obstacle The $79 million outflow represents a significant shift in sentiment among investors who had previously demonstrated a strong interest…
On Oct. 23, investors in BlackRock’s IBIT capitalized on Bitcoin’s over 3% decline, contributing $317 million in inflows to the fund as the cryptocurrency tested a critical support level at $65,000. On Oct. 23, Bitcoin faced significant downward pressure, sliding 3.3% to close at $66,649, a sharp contrast to the 0.12% gain in the previous session. Testing buyer demand at $65,000, BTC managed to find support with a session low of $65,161 before climbing back above the $66,000 level. The broader cryptocurrency market mirrored this decline, shedding 1.45% to a…
U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street’s new crypto asset class. American institutions have acquired $13 billion worth of spot Bitcoin (BTC) ETF shares since trading opened in January, CryptoQuant CEO Ki Young Ju said on Oct. 22 via X. Citing Form 13F filings, a quarterly document wealth managers use to disclose U.S. equity holdings, Young Ju noted that 1,179 institutions have amassed 193,064 BTC in 10 months. Traditional finance juggernauts like Millennium Management and Jane Street control 20% of…
Seeing how current President Joe Biden’s administration has approached crypto, which Geraci characterized as “combative, overall,” and taking into account Harris’ powerful position in that administration, it is fair to assume that the status quo would continue under her leadership, according to Geraci. Source
Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF outpaced several traditional finance offerings. Investors have injected $26 billion into BlackRock’s IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock’s Bitcoin ETF. BlackRock’s IBIT accounted…
Following Friday’s spot bitcoin exchange-traded fund (ETF) activity, the numbers reveal that the 12 ETFs are on the brink of reaching the impressive milestone of 1 million bitcoins. As of this weekend, the funds are just shy of 42,000 BTC from hitting that target. Massive Bitcoin Inflows Drive ETFs Closer to 1 Million Bitcoin Milestone […] Original