Tag: ETFs

Bitcoin Whales Shift Billions Into ETFs Like BlackRock’s IBIT

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Large Bitcoin holders who accumulated the cryptocurrency early, commonly known as whales, are increasingly moving their holdings into exchange-traded funds (ETFs), with asset managers such as BlackRock actively courting them. In an interview with Bloomberg, Robbie Mitchnick, BlackRock’s head of digital assets, said the company has already facilitated more than $3 billion worth of these conversions into its iShares spot Bitcoin ETF (IBIT). After years of self-custody, many whales are recognizing “the convenience of being able to hold their exposure within their existing financial adviser or private-bank relationship,” Mitchnick said. …

Spot Bitcoin, Ethereum ETFs Extend Outflows Amid US Political Turmoil

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US spot Bitcoin and Ethereum exchange-traded funds (ETFs) extended their losing streak Monday, marking another day of outflows as investor sentiment remained fragile amid mounting political and macroeconomic uncertainty. According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $40.47 million in net outflows on Monday, their fourth consecutive day of withdrawals. BlackRock’s IBIT led the losses, shedding $100.65 million, while Fidelity’s FBTC and Bitwise’s BITB posted inflows of $9.67 million and $12.05 million, respectively. The cumulative total net inflow in spot Bitcoin ETFs now stands at $61.50 billion, with…

spot Bitcoin ETFs see $1.23B weekly outflows, supply falls to 6-year low

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Despite a turbulent week that saw record outflows from U.S. Bitcoin ETFs and the recent $19 billion liquidation event, shrinking exchange supply suggests the market may be poised for a rebound. Summary U.S. spot Bitcoin ETFs lost $1.23 billion last week, with Friday alone seeing $366.6 million in outflows. Over 45,000 BTC have been withdrawn from exchanges since early October, signaling potential stabilization or recovery. Spot Bitcoin (BTC) ETFs in the U.S. saw total outflows of $1.23 billion last week amid continued market turbulence. Friday alone accounted for $366.6 million…

Bitcoin ETFs shed $1.6 billion, outflows jump

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The Bitcoin price has crashed into a correction after plunging by 14% from its highest point this year, and the trend may continue as a risky pattern forms and exchange-traded fund (ETF) outflows persist.  Summary Bitcoin price has formed a double-top pattern on the daily chart. Spot Bitcoin ETFs shed over $1.6 billion in assets this week. Investors are experiencing significant concerns following the recent liquidations. American investors dumped their Bitcoin (BTC) holdings this week as the crypto Fear and Greed Index plummeted into the fear zone and liquidations surged. …

Bitcoin dips below $110k as spot ETFs see $536m outflows; XYZVerse jumps with CS2 League launch

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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. XYZVerse launches first crypto-powered CS2 league with $5.5m prize pool and on-chain transparency. Summary XYZVerse launches the first crypto-powered CS2 league with a $5.5m prize pool, uniting esports and blockchain. The new XYZVerse CS2 league brings transparency, rewards, and on-chain engagement to competitive gaming. With 1m+ expected views and growing demand, XYZVerse boosts exposure and utility for its community and token holders. Bitcoin’s value takes a sharp turn amid…

Robinhood Expands Tokenization to Nearly 500 US Stocks, ETFs on Arbitrum

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Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days and bringing the total number of tokenized assets close to 500. According to data from Dune Analytics, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. Cumulative mint volume has surpassed $19.3 million, offset by around $11.5 million in burning activity, signaling a growing but actively traded market. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, with smaller…

$1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price

Key Notes US Bitcoin ETFs saw $1.22 billion in outflows this week. BlackRock’s IBIT led with $268.6 million in Friday redemptions. Bitcoin must reclaim $108K–$109K to avoid testing $100K support. Spot Bitcoin exchange-traded funds (ETFs) in the United States saw over $1.2 billion in outflows this week, cementing a brutal week for Bitcoin and digital asset products. On October 17, U.S. spot Bitcoin ETFs recorded a net outflow of $367 million, marking the third consecutive day of outflows. Spot Ethereum ETFs saw net outflows of $232 million, with none of…

Ether ETFs See $170 Million Inflow as Bitcoin ETFs Slip

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Investor sentiment diverged sharply midweek as bitcoin ETFs faced $104 million in outflows, while ether ETFs attracted $170 million in new capital, led by Blackrock’s ETHA. Bitcoin Funds See $104 Million Exit, Ether Stays in Green The exchange-traded fund (ETF) market took a turn midweek, with bitcoin products cooling off while ether ETFs pulled in […] Original

Bitcoin price tests support as spot BTC ETFs see outflows

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Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.  Summary Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows. Trading volume and derivatives activity signal cautious sentiment. Dovish Fed tone offers hope for renewed upside momentum. As of this writing, Bitcoin was trading close to $111,673, down 8% over the previous week and 0.5% over the previous day. Trading volume has fallen sharply to $66.2 billion, a drop…