Tag: ETFs

Bitcoin surges past $64,000 as $300m flows into Bitcoin ETFs

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Bitcoin’s price surged past $64,000 on 15 July, following a substantial inflow of $301 million into the eleven spot Bitcoin exchange-traded funds (ETFs) in the U.S., marking the seventh consecutive day of positive inflows for these funds. BlackRock’s IBIT, Ark Invest, and 21Shares’ ARKB led the inflows, each recording $117.2 million. BlackRock’s IBIT also emerged as the most traded Bitcoin ETF on Monday, with a trading volume of $1.24 billion. Bitcoin ETF Flow (US$ million) – 2024-07-15 TOTAL NET FLOW: 300.9(Provisional data) IBIT: 117.2FBTC: 36.1BITB: 15.2ARKB: 117.2BTCO: 7.9EZBC: 3.7BRRR: 0HODL:…

Inflow Streak Pushes US Bitcoin ETFs Near $16B Mark

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U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock’s IBIT and Fidelity’s FBTC led the day with $120.03 million and $115.14 million, respectively. Blackrock’s IBIT and Fidelity’s FBTC Dominate Friday’s Bitcoin ETF Inflows On Friday, the U.S. spot bitcoin ETFs experienced a strong trading day […] Original

Bitcoin ETFs see renewed interest, inflows surpass $310m

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Spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed a significant surge on July 12, with inflows surpassing $310 million—the highest since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows, bringing in $120.03 million and $115.14 million respectively, as per information from SoSoValue. The Bitwise Bitcoin ETF (BITB) followed with $28.42 million, and the Grayscale Bitcoin Trust (GBTC) experienced a rare inflow of $23.01 million. Spot Bitcoin ETF flows as of July 12 | Source: SoSoValue The VanEck Bitcoin Trust ETF (HODL)…

US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap

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The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin ETFs trading in the […] Original

Bitcoin price is beating risky leveraged ETFs like BITX and BITU

Bitcoin price is outperforming popular leveraged ETFs, which have become increasingly popular among investors. Leveraged Bitcoin ETFs inflow is rising Leveraged Bitcoin ETFs like the 2x Bitcoin Strategy ETF (BITX) and the ProShares Ultra Bitcoin ETF (BITU) are seeing inflows this year. Data by ETF.com shows that the BITX ETF has added assets in all months this year. As a result, its total assets under management have risen to over $1.39 billion.  BITU, launched in April, has already added $266 million in assets, indicating strong demand among investors. This week,…

Bitcoin ETFs see fifth consecutive day of positive inflows, IBIT net $72.1m

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Spot Bitcoin (BTC) ETFs in the U.S. recorded their fifth consecutive day of inflows on July 11, with $72.1 million in net inflows as Bitcoin surpassed the $59,000 mark. According to data provided by Farside Investors, these investment products recorded $72.1 million in positive net flows on July 11. This follows a positive week that began with $143.1 million in capital inflows on July 5. Leading the pack is BlackRock’s IBIT, which captured $72.1 million in inflows, pushing its total to an extraordinary $18.1 billion. Following next is Fidelity’s FBTC,…

US Spot Bitcoin ETFs Achieve Fourth Day of Consecutive Inflows

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U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth consecutive day of inflows, capturing $147.37 million on Wednesday. Fidelity’s FBTC led by drawing in $57.79 million during the trading sessions. Bitcoin ETFs in U.S. Report $147.37M Inflows, Led by Fidelity’s FBTC Spot bitcoin ETFs in the U.S. garnered an additional $147.37 million yesterday, marking the […] Original

U.S. SEC Commissioner Grilled on Bitcoin (BTC) ETFs as Senators Weigh Regulator Nominees

The committee also heard testimony Thursday from Christy Goldsmith Romero, the member of the Commodity Futures Trading Commission (CFTC) who President Joe Biden tapped to chair the Federal Deposit Insurance Corp.; Kristin Johnson, another CFTC commissioner, to be the Treasury Department’s assistant secretary for financial institutions; and Hawaii Insurance Commissioner Gordon Ito to be a Member of the Financial Stability Oversight Council. Source

Spot Bitcoin ETFs See 4th Consecutive Days of Inflow Streak, Reaching $147M Yesterday

CoinspeakerSpot Bitcoin ETFs See 4th Consecutive Days of Inflow Streak, Reaching $147M Yesterday US spot Bitcoin exchange­-traded funds (ETFs) are expe­riencing a surge in investor inte­rest, evidence­d by a streak of net inflows. SoSo Value data shows that on We­dnesday, July 10, 2024, these ETFs rake­d in a combined $147.37 million, marking the fourth consecutive­ day of positive fund flow. Fidelity Digital Assets’ FBTC fund e­merged as the top pe­rformer, attracting a significant $57.79 million in net inflows. This surge sugge­sts a major boost in investor confidence for the­ fund.…

Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows

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The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions. Fidelity’s FBTC and Blackrock’s IBIT Drive Bitcoin ETF Gains With Tuesday’s gains, the cumulative total net inflows for U.S. spot bitcoin […] Original