Tag: ETFs

Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak

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Record Week With $69M As ETFs Near Trading Launch, What’s Next?

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Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March  According to a report by CoinShares, digital asset investment products have witnessed a total of $2 billion inflows, contributing to a five-week consecutive run of inflows amounting to $4.3 billion.  Additionally, trading volumes in exchange-traded products (ETPs) have risen…

Bitcoin (BTC) ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind

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When asked why this is the case, he explained that for most of these users, their investment thesis – if you hold them long enough, you will get an appreciation of wealth – has been playing out despite the market downturns. These users were “kneecapped” by some bad actors, but as they start to get their assets back, many of the “hardcore users” won’t likely sell, he said. Di Bartolomeo added that this is when they turn to the lending market to use their assets for borrowing and lending. Original

Bitcoin ETFs See Nearly $2 Billion Inflows, Traders Predict Ether (ETH) to Reach $10,000 in 2024

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin ETFs see inflows despite crypto market fluctuation

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The U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an influx of $131 million on June 7, marking 19 consecutive days of positive inflows.  This occurred even as the ARK 21Shares Bitcoin ETF (ARKB) saw net outflows totaling 1,364 valued at about $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47 billion. According to Lookonchain, a notable 3,689 BTC, equivalent to $261.91 million, was added across nine different ETFs on June 7. The influx was primarily driven by BlackRock, which added 4,896 BTC worth $347.61 million to its…

Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000

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US spot Bitcoin ETFs have experienced a noteworthy streak of net inflows for 18 consecutive days, contributing to the upward momentum of the leading cryptocurrency as it inches closer to its all-time high levels set in March.  According to Bloomberg data, these ETFs, managed by some of the world’s largest financial institutions, have attracted net subscriptions of $15.6 billion since their launch on January 11, bringing total assets under management to a substantial $62.3 billion. Record-Breaking Demand For Bitcoin ETFs According to Bloomberg, the success of Bitcoin ETFs introduced by…