Tag: ETFs

Spot Ether ETFs continue positive flow streak, Bitcoin ETFs witness outflows

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Spot Ethereum exchange-traded funds in the United States witnessed positive inflows for the third consecutive day this week, in contrast to spot Bitcoin ETFs, which saw substantial outflows, reversing their two-day run of gains. Data from SoSoValue reveals that on Aug. 14, nine Ethereum ETFs collectively attracted $10.8 million, continuing a week of gains with previous daily inflows of $24.3 million and $4.9 million. Leading the inflow was BlackRock’s ETHA with $16.13 million, followed by Fidelity’s FETH at $6.65 million, and Bitwise’s ETHW with $2.67 million in net inflows. The…

Goldman Sachs reveals $418m bet on Bitcoin ETFs

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Leading global investment banking firm Goldman Sachs has disclosed it holds $418 million in several Bitcoin-related exchange-traded funds. The revelation came through Goldman Sachs’ latest 13F filing for the second quarter of 2024, released on Aug. 14. According to the filing, the investment bank holds nearly 7 million shares worth more than $238 million in BlackRock’s iShares Bitcoin (BTC) Trust.  It also holds 1.5 million shares of the Fidelity Wise Origin Bitcoin ETF, currently worth almost $80 million, as well as 940,443 Invesco Galaxy Bitcoin ETF shares with a market…

Spot Bitcoin and Ethereum ETFs record second day of joint inflows streak

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Spot Bitcoin and Ethereum exchange-traded funds in the United States continue their streak with a second consecutive day of positive inflows this week. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a total inflow of $38.94 million on Aug. 13, representing a nearly 40% increase from the $27.87 million recorded the previous day. BlackRock’s IBIT fund led with $34.6 million in inflows, bringing its total since launch to $20.36 billion. It was the only Bitcoin ETF to see inflows for two consecutive days. Other notable inflows included…

Spot Bitcoin ETFs see $27.87m inflows, outpacing Ethereum ETFs by wide margin

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Spot Bitcoin exchange-traded funds in the United States began the week with net inflows that were more than five times greater than those of spot Ethereum ETFs. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw inflows of $27.87 million on Aug. 12, a flip from the $45.14 million outflows recorded on Aug. 9. Interestingly, ARK 21Shares’s ARKB led the lot with $35.4 million, bringing its total inflows since launch to $2.45 billion. BlackRock’s IBIT followed with $13.4 inflows, being the only one to record a second consecutive…

Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts

Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading

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During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. Bitcoin and Ethereum ETFs See Reductions Data from sosovalue.xyz revealed that the 12 spot bitcoin ETFs collectively saw $89.73 million in outflows on Friday, […] Original

US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

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The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and […] Original

Former SEC Official Urges 15,000 Morgan Stanley Advisors to ‘Say No’ to Bitcoin ETFs, Citing ‘Mammoth Risk’

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The U.S. Securities and Exchange Commission’s former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risks to retail investors and potential career consequences for advisors. He warned that the advisors could risk their Certified Financial Planner credentials if they fail to adhere to […] Original