Tag: ETFs

Spot Bitcoin ETFs ended the week with $92m in inflows, ETH ETFs continue to struggle

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Spot Bitcoin and Ethereum exchange-traded funds in the United States experienced joint net inflows to close the trading week, and both saw even larger inflows earlier in the week. However, ETH ETFs are still experiencing net outflows since launching this summer. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net inflows of $92 million on Friday, Sept. 20, 42% lower than the $158 million inflows recorded on Sept. 19. Fidelity’s FBTC led the pack with $26.1 million in inflows, dropping from the previous day’s inflow of $49.9 million. ARK…

Spot Bitcoin ETFs see $52.7m outflows led by ARK 21Shares

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Spot Bitcoin exchange-traded funds in the U.S. logged net outflows of $52.83 million on Sept. 18, ending four consecutive days of net inflows that drew in over $500 million. According to data from SoSoValue, the outflows from these ETFs were led by ARK 21Shares’s ARKB which saw $43.4 million exit its fund. Grayscale’s GBTC and Bitwise’s BITB reported additional outflows of $8.1 million and $3.9 million respectively. Grayscale Bitcoin Mini Trust was the only spot BTC fund to experience inflows on the day, bringing in $2.7 million. The remaining eight…

REX Shares and Tuttle Capital launch 2X leveraged and inverse MicroStrategy ETFs

REX Shares and Tuttle Capital have partnered to launch two new exchange-traded funds offering the first 2X leveraged and inverse exposure to shares of MicroStrategy. The asset managers announced the launch of the T-REX 2X Long MSTR Daily Target ETF and the T-REX 2X Inverse MSTR Daily Target ETF on Sept. 18. The new products, which will track the daily price of MicroStrategy’s stock and offer exposure to the company’s Bitcoin (BTC) bet, will trade under the MSTU and MSTZ ticker symbols on the CBOE. First 2x leveraged & inverse…

Spot Bitcoin ETFs see massive $186.7m inflow surge, Ether ETFs face continued outflows

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Spot Bitcoin exchange-traded funds in the U.S. saw a 13-fold surge in net inflows on Sept. 17, while spot Ether ETFs faced outflows for the second consecutive day. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $186.76 million, 1360% higher than the $12.9 million inflows recorded the previous day. Fidelity’s FBTC led the charge with $56.6 million flowing into its fund. Notably, the ETF recorded net inflows for seven consecutive days, with $279.7 million entering it. Bitwise’s BITB and ARK Invest and 21Shares’ ARKB…

Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again

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Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund. Fidelity’s FBTC followed with $5.1…

How crypto ETFs are challenging the $257b gold ETFs legacy

What should you consider when weighing the options between investing in crypto ETFs versus the mature gold ETF market? Crypto ETFs put up a fight 2024 marks a key milestone in the crypto world with the launch of the first spot Bitcoin (BTC) ETFs on Jan. 10, followed closely by the debut of spot Ethereum (ETH) ETFs on Jul. 23.  These launches, coming after years of struggles and numerous rejected applications, have finally brought mainstream financial products to the crypto market.  To appreciate the importance of these events, consider the…