Tag: ETFs

Fidelity’s FBTC lead $71.73m Bitcoin ETF outflows, Ether ETFs also slide

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Spot Bitcoin exchange-traded funds in the United States experienced their third consecutive day of net outflows, while spot Ethereum ETFs also saw a return to negative flows. According to data from SoSoValue, the 12 spot bitcoin exchange-traded funds recorded $71.73 million in net outflows on Aug. 29, marking the third consecutive day of outflows. FIdelity’s FBTC led the lot, logging $31.1 million in outflows on the day — its highest recorded outflows since Aug. 6. Grayscale’s GBTC continued its outflow streak, with $22.7 million leaving the fund, pushing its total…

Traders Position for Volatility as BTC ETFs See Outflows

“Risk reversals until Oct are still skewed towards puts in both BTC and ETH, indicating that the market remains cautious about the downside,” QCP said. “In the lead-up to next week’s non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed.” Source

Ethereum ETFs outpace Bitcoin, but new entry BitNance offers an alternative

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs gain traction and Bitcoin loses momentum, investors are turning to new and emerging tokens. We’re a month into the launch of Ethereum ETFs and current data shows that Ethereum is gradually making headway in the ETF space. Meanwhile, Bitcoin ETFs have lost some of the momentum they initially had. Numbers wise, however, Bitcoin still has the upper hand with $49 billion in assets, while Ethereum ETFs…

Spot Bitcoin ETFs see outflows of $105.19m, Ether ETFs break 9-day outflow streak

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Spot Bitcoin exchange-traded funds in the United States experienced their second consecutive outflow day on Aug. 28, while spot Ethereum ETFs broke their nine-day outflow streak. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net outflows of $105.19 million, led by ARK 21Shares ARKB for the second consecutive day, with $59.3 million leaving the fund. The investment product saw an even larger outflow of $102 million the previous day. Fidelity’s FBTC reported net outflows of $10.4 million, while VanEck’s HODL saw $10.1 million in outflows. Meanwhile, Bitwise’s…

ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs

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On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn From […] Original

Spot Bitcoin ETFs see outflows of $127m led by ARKB’s largest negative flow to date

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Spot Bitcoin exchange-traded funds in the United States have seen net outflows of $127.05 million on Aug. 28 led by ARK 21Shares’ ARKB. Data from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows. During this eight-day period, these funds had attracted $756 million in inflows. On Tuesday, the U.S. spot Bitcoin funds saw net outflows amounting to $127.05 million. Notably, ARK 21Shares’ ARKB led the outflows with $101.97 million in negative flows — its largest…

Ethereum ETFs Have Bled Money, but That’s Not the Whole Story

BlackRock’s iShares Ethereum Trust (ETHA) just passed $1 billion of net inflows, making it the seventh-most-successful ETF launch this year, according to Nate Geraci, president of the ETF Store. Fidelity’s Advantage Ether ETF and the Bitwise Ethereum ETF have taken in $390 million and $312 million, respectively, according to data from Farside Investors. Source