Tag: ETF

Trump’s Truth Social seeks SEC greenlight for Bitcoin ETF

US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group. Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump…

Altcoin season builds as Ethereum outpaces Bitcoin with ETF inflows: MEXC

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Ethereum is leading Bitcoin in ETF flows post-Pectra upgrade, suggesting a coming altcoin season, says Tracy Jin of MEXC. Bitcoin’s (BTC) grip on the crypto market may soon loosen. On Tuesday, June 3, MEXC COO Tracy Jin shared her analysis with crypto.news, highlighting significant signs of an upcoming altcoin season. Notably, Jin explains that Ethereum’s (ETH) performance following the Pectra upgrade is showing strong momentum. “Ethereum is decisively leading the charge for transition and capital rotation into altcoins in this current market cycle, and other coins like XMR, ENA, HYPE,…

ETH Stays Strong at $2,600 After $321M Spot ETF Surge

Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low. The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CryptoX Research’s technical analysis data model. Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether’s long-term value. Analysts also highlight a drop in ETH held…

21Shares sets 3-for-1 share split for its spot Bitcoin ETF

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21Shares US LLC announced a 3-for-1 share split for its flagship ARK 21Shares Bitcoin exchange-traded fund, ARKB, aiming to make the fund more accessible to retail investors. The move, announced in a company press release on June 2, will take effect at the opening of markets on June 16. The split will triple the number of shares available, reducing the price per share without affecting the fund’s overall value.  21Shares stated that the split is intended “to make shares more accessible to a broader base of investors and enhance trading…

21Shares courts retail with 3-for-1 Bitcoin ETF stock split

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The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors. The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance trading efficiency,” 21Shares said on June 2.  The exchange-traded fund’s (ETF) investment strategy aiming to track the price of Bitcoin (BTC) won’t change, and its Bitcoin holdings will remain identical, 21Shares said. It added that…

Bitcoin climbs to highest level since late February: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, major cryptocurrencies and broader markets climb following positive Big-Tech earnings. Plus, Robinhood’s Q1 earnings report reveals crypto revenue increased 100% compared to the prior year. And, Alisia Painter, co-founder of bitcoin-based blockchain Botanix Labs, discusses the cryptocurrency’s performance and what can be expected in May. Chapters: 00:00 – CNBC Crypto World, May 1, 2025 0:22 – Bitcoin climbs 0:44 – The headlines 3:07 – Alisia Painter of Botanix Labs For access to live and exclusive…

Bitcoin ETF Outflows Deepen With $616 Million Exit While Ether ETFs Ride 10-Day Inflow Wave

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Bitcoin ETFs saw their 2nd consecutive day of outflows, shedding $616 million in capital, with Blackrock’s IBIT leading the retreat. Meanwhile, ether ETFs extended their winning streak to 10 days, fueled solely by Blackrock’s ETHA. Bitcoin ETFs Slide for Second Day As Blackrock’s IBIT Leads Withdrawals After 10 days of bullish momentum, bitcoin ETFs appear […] Original

BlackRock Bitcoin ETF (IBIT) Scoops A Massive 56,793 Bitcoins in May

Key Notes Since its inception, BlackRock’s IBIT has accumulated a total of 660,842 BTC, with the IBIT share price showing strength. Publicly traded companies, led by MicroStrategy and new players like Japan’s Metaplanets and Semler Scientific, are increasingly competing with ETFs in Bitcoin accumulation. Over the past three quarters, corporate acquisitions have outpaced ETF inflows, with companies favoring slow and consistent treasury. BlackRock Bitcoin ETF (IBIT) has stormed the cryptocurrency market this month in May, by buying a massive 56,7983 Bitcoins, registering the second-highest monthly inflows at $5.95 billion. The…

BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever

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The world’s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024. On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was on Feb. 26, with $418.1 million in outflows. BlackRock Bitcoin ETF massive outflow day ETF analyst Nate Geraci said in a May 31 X post, “What a run…