Tag: ETFs

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin (BTC) ETFs Saw Outflows During Crypto Price Crash, but Large Holders Bough the Dip

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US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard

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On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its total net […] Original

US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact

On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto Market […] Source CryptoX Portal

Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest

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Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market fluctuations. Capula’s step highlights […] Original

Massive trading volumes seen in Bitcoin ETFs

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Crypto has been in turmoil over the weekend, but trading volumes in Bitcoin ETFs are hitting unprecedented levels, and despite widespread sell-offs, major financial institutions don’t appear to be selling — yet.   Within just 20 minutes of Monday Aug. 5th opening bell, Bitcoin ETFs experienced a trading volume of $1.3 billion. Later in the day, volume surged to nearly $3 billion in volume over the first couple of trading hours.  This surge in volume showcases sustained interest from institutional investors, despite the plummeting prices. Bitcoin (BTC) dipped below the $50,000…

Ethereum ETFs Struggles To Have a Positive Impact On Price, Whilst Investors Purchase Now Crypto at $0.00107

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The recent performance of Ethereum (ETH) and the emergence of new tokens like Mpeppe (MPEPE) are capturing the attention of investors. While Ethereum (ETH)  ETFs have yet to produce the anticipated boost in price, Mpeppe (MPEPE) is gaining traction as an intriguing investment opportunity. Here’s why investors are shifting their focus to Mpeppe (MPEPE) at its current price of $0.00107, despite the challenges faced by Ethereum (ETH)  ETFs. Ethereum ETFs: A Disappointing Performance The Promise of Ethereum ETFs Ethereum (ETH) ETFs (Exchange-Traded Funds) were initially hailed as a breakthrough for…

Peter Schiff blasts Bitcoin and Ethereum ETFs; predicts a liquidity crisis

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Bitcoin and Ethereum prices are in a deep bear market amid the ongoing winding down of the Japanese yen carry trade and presidential polls in the US.  Ethereum (ETH) has dropped by over 22% in the past 24 hours and by 32% in the last 7 days while Bitcoin (BTC) fell by 16% and 26%, respectively.  Bitcoin vs Ethereum | Chart by crypto.news Japanese yen carry trade There are a few reasons for the ongoing crypto sell-off. However, the most important one is the ongoing winding down of the Japanese…

Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

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Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin […] Original