Tag: ETFs

Spot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday

CoinspeakerSpot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday The US spot Bitcoin e­xchange-traded funds (ETFs) market is attracting re­newed intere­st from institutional investors. On July 9, 2024, the market re­corded a substantial $216.33 million in net inflows, marking the third straight day of positive­ inflows amid the potential shift in investor se­ntiment. According to data from SoSo Value, BlackRock’s iShares Bitcoin Trust (IBIT) le­d the inflows with an impressive $121.03 million. Fide­lity Digital Assets’ Wise Origin Bitcoin Fund (FBTC) followed close­ly, drawing $90.95 million in…

What Still Needs to Happen Before Spot Ether ETFs Can Trade

Hours before the spot bitcoin ETFs were approved by the SEC in January, one of the listing exchanges, Cboe, added the funds to its “New Listings” page, saying that was “standard procedure” before the approval of a new ETF. If so, given that five of the potential ether ETFs will be listed on Cboe, we may well see a similar situation happening on the day that these ETFs receive approval. Source

US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million

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On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows. Blackrock’s IBIT Dominates With $187.21 Million Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the […] Original

Inflows to US spot Bitcoin ETFs spike $143.1m, investors buy dip

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Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial price drop in Bitcoin, below $55,000, during the U.S. July Fourth holiday. The latest data shows an influx of $143.1 million into these investment vehicles.  Fidelity Bitcoin ETF (FBTC) is leading the charge, attracting $117 million. Close behind, the Bitwise Bitcoin ETF (BITB) saw $30.2 million in inflows, contributing to its impressive growth in holdings, now over 38,000 Bitcoins. Bitcoin ETF Flow (US$ million) – 2024-07-05 TOTAL NET FLOW: 143.1(Provisional data) IBIT: 0FBTC: 117.4BITB:…

Ethereum Set to Eclipse Bitcoin: ETFs Could Catapult ETH to New Heights — K33 Research

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As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. ETF Launch to Begin a New Era for Ethereum Ethereum has lagged behind Bitcoin in performance over the last year, with the former surging 67% while the latter by 95%, but that might be about to change with the…

US Bitcoin ETFs Record Modest Losses With $13.62M Outflows on Tuesday

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U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale’s GBTC was the primary contributor, losing $31.38 million during the trading sessions. Blackrock’s IBIT Secures Top Spot With $14.12M Inflows Amidst ETF Outflows Following inflows on Monday, the 11 spot bitcoin ETFs saw a modest decrease the next […] Original

Bitcoin ETFs end 5-day inflow streak, record $13 million net outflows

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Spot Bitcoin (BTC) ETFs in the U.S. broke their five-day net inflow streak on July 2, witnessing $13.7 million in net outflows amid a predominantly bearish day for BTC.  According to data provided by Farside Investors, these investment products recorded $13.7 million in negative net flows on July 2. This follows a positive start to the month, with $129.5 million in capital inflows on July 1, the highest in nearly a month. The recent bearish trend was significantly influenced by the disappointing performance of the Grayscale Bitcoin Trust (GBTC). This…

Bitcoin (BTC) ETFs Saw Positive Inflows in June

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Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin (BTC) tumbled 7%. Leading the way was what’s now the largest of the spot ETFs, BlackRock’s iShares Bitcoin Trust (IBIT), where inflows topped $1 billion, offsetting by itself what continue to be sizable outflows from the high-fee Grayscale Bitcoin Trust (GBTC). Original