Tag: ETFs

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

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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…

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,…