On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.xyz metrics, the 12 […] Original
Spot Bitcoin exchange-traded funds recorded $294.29 million in net inflows on Oct. 22 even as Bitcoin’s price fell below $67,000. On Oct. 22, Bitcoin saw a price drop of 3.25%, falling from an intraday high of $69,227 to a low of $66,975. This decline contributed to over $167 million in long liquidations across the crypto market, with Bitcoin alone accounting for $40.53 million of these liquidations, second only to Ethereum, which saw $55.9 million in long liquidations. At the time of writing, Bitcoin (BTC) was trading at around $67,500, down…
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
The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges. In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs. According to the SEC, the options ETFs were given the nod because it recently approved a rule change proposal from Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which yielded positive results. “The Exchange notes that…
In today’s edition of the weekly recap: Bitcoin ETFs enjoy a resurgence; Donald Trump’s World Liberty Financial undersells; and Ripple provides updates on a new stablecoin. Bitcoin ETFs recovery BTC breaches $68k Trump launches WLFI Harris addresses crypto, Trump widens… Original
The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows. Meanwhile, their Ethereum counterparts have finally turned the corner registering their third positive weekly inflows since their trading debut in July. Spot Bitcoin ETFs Record Highest Daily Inflow Since June After a return to positive net flows in the second week of October, the spot Bitcoin ETFs attracted massive levels of investments in the past week which began with $555.86 million worth of inflows recorded on Monday, October 14, representing the…
Venture capital (VC) investment in crypto and blockchain startups decreased in the third quarter of 2024. This decline is partly attributed to the growing popularity of bitcoin exchange-traded funds, which offer an alternative way for investors to gain exposure to the crypto sector. U.S.-based companies dominate VC deals in the crypto space, followed by Singapore, […] Original
Spot bitcoin and ether exchange-traded funds (ETFs) in the U.S. had another winning day, with both categories seeing a steady flow of fresh investments. On Friday, the 12 bitcoin ETFs pulled in a combined $273.71 million, led by ARKB and IBIT at the front of the pack. Bitcoin ETFs Secure Inflows on Friday, Ether Funds […] Original
Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally. Over the past week, inflows into the 12 spot Bitcoin ETFs reached $2.13 billion, following six consecutive days of positive inflows. This marks the first time weekly inflows into Bitcoin ETFs have surpassed the $2 billion mark since March 2024. Total net inflows across Bitcoin ETFs have hit a record $20.94 billion. That’s a milestone…
Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Spot Bitcoin ETFs To Surpass Gold ETF In 2 Years, Analyst Says The spot Bitcoin ETFs rattled the global financial markets this week recording net inflows of $2.13 billion according to data from SoSoValue. This massive…