Tag: ETFs

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…

Bitcoin ETFs rebound, analyst sees institutional interest breaking September’s bearish trend

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Spot Bitcoin ETFs, or exchange-traded funds, broke out of a two-week outflow streak with over $403.8 million in weekly inflows. Analysts expect the uptick in institutional interest this year to help Bitcoin defy the bearish September narrative. According to SoSoValue, spot Bitcoin ETFs raked in $263.07 million on Sept. 13, the largest single-day inflow since July 22, with Fidelity and ARK Invest and 21Shares’ funds snagging over half of the day’s action. Fidelity’s FBTC continued its 5-day inflow streak, bringing in $102.1 million. ARK Invest and 21Shares’ ARKB, $99.3 million.…

ETFs set for record 2024 — but how are Bitcoin funds doing?

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Exchange-traded funds have bucked the trend with higher-than-average volumes in August — yet Bitcoin ETFs suffered extensive outflows towards the end of the month. New figures show that there was an insatiable appetite for exchange-traded funds in August — despite the summer being a traditionally sleepy month in the financial world. According to BlackRock, net inflows rocketed to $129.7 billion last month, meaning the bustling sector is well on track to exceed the annual record of $1.3 trillion set back in 2021. The launch of Bitcoin ETFs back in January…

Spot Bitcoin ETFs rebound with inflows, Ether ETFs extend outflows

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Spot Bitcoin exchange-traded funds in the U.S. experienced inflows on Sept. 12, a reversal from the previous day, while Ether ETFs saw their second consecutive day of outflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $39.02 million, a flip from the $43.97 million in outflows recorded the previous day. ARK 21Shares’ ARKB led the lot with reported inflows of $18.3 million. This comes after the fund witnessed outflows of $54 million the day before. Fidelity’s FBTC followed with $11.5 million flowing into its…

Spot Bitcoin and Ethereum ETFs log joint negative flows

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Spot Bitcoin and Ethereum exchange-traded funds in the United States experienced joint outflows on Sept. 11 following the joint positive flows recorded the previous day. According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. logged a net outflow of $43.97 million on Sept. 11, ending their two-day streak of positive flows. Interestingly, ARK 21Shares’ ARKB recorded the largest outflows among the ETFs yesterday, with $54 million in withdrawals, as reported by SoSoValue. Grayscale’s GBTC followed with net outflows amounting to $4.6 million, while its Bitcoin Mini…

Investment Advisors Adopting Bitcoin ETFs Faster That Any Exchange-Traded Fund in History, Says Bitwise CIO

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Bitwise CIO Matt Hougan says that investment advisors are adopting Bitcoin (BTC) exchange-traded funds (ETFs) at a faster rate than any other ETFs in history. Hougan responds to a post on the social media platform X by macro strategist Jim Bianco claiming that investment advisors’ adoption of the Bitcoin ETFs is “small.” According to Hougan, Bianco is not correct. “Jim is wrong here: investment advisors are adopting Bitcoin ETFs faster than any new ETF in history. Let’s look at his own data, focused on IBIT, the BlackRock ETF. Per his…

Spot Bitcoin ETFs record four-fold inflow spike, Ether ETFs recover from outflows

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows while spot Ether ETFs also logged net inflows ending their five-day outflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged inflows of $116.96 million on Sep. 10, a surge of over four times compared to the $37.29 million inflows recorded the previous day. The positive inflows into these ETFs on these two days follow eight consecutive days of outflows, which reduced their total assets under management by more than $1.18 billion.…