Tag: ETF

Bitcoin Futures Turn Bearish Despite ETF Inflows

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Key takeaways: The Bitcoin futures premium dropped to a 3-month low, even with prices just 8% below their all-time high. BTC options metrics turned bearish, despite stock market resilience amid macroeconomic pressure. Bitcoin (BTC) derivatives metrics are flirting with bearishness despite BTC price trading just 8% below its all-time high at $103,300. Cryptocurrency traders are known for their short temper, especially those trading leveraged futures positions, but there is something unusual about the current lack of optimism. Are deteriorating macroeconomic conditions behind BTC’s drop to $102,400? Bitcoin derivatives’ weakness may…

Crypto ETF Approvals Likely as SEC Continues Pro-Industry Shift

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The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart. In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC. The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (LTC), Solana (SOL),…

Bitcoin Demand Shows Signs of Cooling as Whale and ETF Purchases Halve: Cryptoquant

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Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquant’s analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace. Apparent demand growth fell to 118,000 BTC over […] Original

BlackRock ETF buys 3.25% of BTC supply as New Bitcoin Capital dries up

BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing. BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25% of the total BTC supply. BlackRock’s IBIT ETF now controls over 54.7% of the market share of all US spot Bitcoin ETFs, which hold 6.12% of the current Bitcoin supply, according to Dune data. BlackRock’s…

Ripple-Backed ETF Launches In Canada

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management…

SOL Price Falls But ETF Approval, DApps Could Spark Rally

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Key takeaways: SOL (SOL), the native cryptocurrency of Solana, faced a strong rejection at the $158 level on Monday. The subsequent drop to $143 by Wednesday marked a 14% loss over seven days. Traders now worry that the chances of reclaiming the $200 level have diminished, as demand for leveraged SOL positions surged amid the recent price weakness. SOL futures aggregate open interest, SOL. Source: CoinGlass As of Wednesday, open interest on SOL futures reached 45.7 million SOL, a 19% increase from the previous month. While every long (buyer) is…

Solana Price Prediction: SOL Staking Deposits Cross $730M as VanEck Lists SOL ETF on DTCC

Key Notes US-based Asset manager VanEck listed SOL ETF on DTCC’s clearing and settlement platform, boosting long-term sentiment. Solana price tumbles below $145 on June 18, down 9% in 3 consecutive days of losses. Solana staking contracts received 5.4 million SOL since Middle-east geopolitical tensions escalated on June 12. Solana traded as low as $143 on Wednesday June 18, on course to register a third consecutive day in decline. Amid a 9% price dip, on-chain metrics show that Solana’s key stakeholders are positioning for long-term recovery rather than join the…

BlackRock’s IBIT Adds 6,000 BTC Amid ETF Outflows

Key Notes IBIT now holds 674,248 BTC with $70.4 billion in assets under management, securing 54% of the Bitcoin ETF market. While BlackRock posted significant inflows, net inflows across all US Bitcoin ETF issuers were just $216 million due to a large outflow. The net inflows on June 17 were nearly half of the $412 million inflows on the previous day. BlackRock’s iShares Bitcoin Trust (IBIT) has continued to dominate the Bitcoin ETF market, clocking a massive $639 million in inflows on June 17, while scooping more than 6000 Bitcoins…

3iQ Launches XRP ETF on Toronto Stock Exchange With Backing From Ripple

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Canadian asset manager 3iQ has launched a new XRP-focused ETF for North American users. The 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) began trading today on the Toronto Stock Exchange, offering investors direct exposure to the fourth-largest digital asset by market cap. Ripple (XRP), the blockchain company behind the XRP Ledger, is an early investor in the fund, 3iQ said in a Wednesday announcement. To mark the occasion, the 3iQ team will ring the TSX’s closing bell this afternoon. The ETF debuts with a six-month 0% management fee. It invests exclusively…

BlackRock buys $1.4B Bitcoin over six-day streak amid ETF boom

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ETF issuer and asset management firm BlackRock is expanding its Bitcoin portfolio with billions of dollars in fresh investments. According to Arkham Intelligence data, on June 17, BlackRock purchased $250 million worth of Bitcoin (BTC). The acquisition is part of a broader accumulation streak that has now spanned six consecutive days, bringing the firm’s total Bitcoin investment during this period to $1.4 billion. BLACKROCK BUY STREAK: $1.4 BILLION OF BTC FOR 6 DAYS STRAIGHT BlackRock bought over $250M of BTC today, bringing their streak up to $1.4 Billion. BlackRock has…