Tag: ETFs

ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What’s Going On?

boss

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.  Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren’t bullish enough on ETH’s price. Further data from Laevitas shows that this indicator has yet to sustain…

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

boss

The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […] Original

US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million

boss

U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows. Blackrock’s IBIT Boosts Reserves to $21B Amid $110.37M Inflows On July 17, the 11 spot bitcoin ETFs recorded $1.79 billion in trade […] Original

SEC Commissioner Peirce says staking for spot Ether ETFs may be reconsidered

While the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs minus the staking option, Commissioner Hester Peirce says this could be open for reconsideration. Peirce shared this view during an interview with Coinage, noting that the exclusion of staking for spot Ethereum (ETH) ETFs or other spot ETF features can be reassessed. “There were features of the product that some people would have liked to see included but weren’t — those are always open for reconsideration as far as I’m concerned,” the SEC Commissioner noted. Peirce declined to…

Bitwise CIO Bullish On Ethereum ETFs Fueling Surge To Record Highs Above $5,000

boss

As the highly anticipated launch date of spot Ethereum ETFs approaches, Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise, has stressed the potential for these ETF inflows to drive the Ethereum price to record highs.  In a recent client note, Hougan highlighted the significant impact that ETF flows could have on the Ethereum price, surpassing even the effects witnessed in the spot Bitcoin ETF market in the US.  Ethereum ETFs Poised To Surpass Bitcoin’s Impact?  Hougan confidently predicts that introducing spot Ethereum ETFs will lead to a surge…

US Spot Bitcoin ETFs Attract $422 Million in Single-Day Inflows

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC holdings to 322,125.41 BTC, worth over $20 billion. Massive Inflows into U.S. Spot Bitcoin ETFs Highlight Institutional Backing The spot […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin hits $66k as Bitcoin ETFs witness record $422.5m inflows

boss

Bitcoin’s price surged past $66,000 on July 17, buoyed by a record inflow of $422.5 million into eleven spot Bitcoin exchange-traded funds (ETFs) in the U.S., marking the highest inflow since June 5. BlackRock’s iShares Bitcoin Trust led the charge with a contribution of $260 million from Bitcoin investors on July 16, accounting for more than half of the day’s net inflows into spot Bitcoin ETFs. Data from Farside Investors revealed that this marked the eighth consecutive day of positive net inflows for U.S. spot Bitcoin ETFs. Bitcoin ETF Flow…