Tag: ETFs

Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm

A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean […] Source BitcoincryptoexchangeExchanges CryptoX Portal

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

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Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH,…

Bitcoin ETFs enjoy 6 days of continued 9-figure outflows

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The end of the week brought more outflows from spot Bitcoin (BTC) exchange-traded funds (ETFs), pushing the total net outflows for these products to more than $544 million. According to Farside Investors, spot Bitcoin ETFs saw net outflows amounting to $105.9 million on June 21, making it the sixth successive day with outflows exceeding $100 million.  The bulk of these outflows came from three major funds: the Fidelity Wise Origin Bitcoin Fund (FBTC) with $44.8 million, the Grayscale Bitcoin Trust (GBTC) with $34.2 million, and the ARK 21Shares Bitcoin ETF…

Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs reported $1.16 billion in trade volume […] Original

US Bitcoin ETFs See Fourth Day of Outflows, Totaling $152M

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $152.42 million leave on Tuesday, bringing the cumulative total net inflows to $14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs Another day of trading brought losses for spot bitcoin […] Original

Blackrock’s Cohen Discusses Financial Advisors’ Cautious Approach to Spot Bitcoin ETFs

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Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk analysis and due diligence,” the executive stressed. “They’re doing that right now.” ‘This Journey That […] Original

Institutional Investors Unlikely to Be Put Off by Ether (ETH) ETF’s Lack of Staking, 21Shares’ Ophelia Snyder Says

“For example, there could be months when the unstaking period is six or nine days, and that range can be so wide, it changes your liquidity requirements,” Snyder said. “And it doesn’t just jump from nine to 22 days. It actually slowly extends and if you monitor these things, there are data inputs that you can use to manage that portfolio such that you’re doing the right things in terms of maximizing returns while minimizing the probability of a liquidity issue.” Source

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs […] Original