Tag: ETFs

All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat

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All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics would ever happen again. First time ever 1D flows all green, no red for the Bitcoin Bunch. Not going to spike the football like some did during the outflow period but will point out that over 95% of the ETF investors HOLD-ed during what was a pretty nasty and persistent downturn. Will same happen next… pic.twitter.com/3l3uwwmqGy…

Binance founder’s jail sentence, BTC’s rollercoaster ride, spot Bitcoin ETFs hit record outflows

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Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in prison; Bitcoin (BTC) witnessed a rollercoaster ride, tumbling to a two-month low below $56,000 before recovering above $62,000; and spot Bitcoin ETFs hit record outflows. Sustained regulatory efforts Last week witnessed a series of regulatory efforts and enforcement actions, with circulating reports suggesting that the U.S. Securities and Exchange Commission (SEC) has considered Ethereum to be (ETH) a security for over a year.  Amid the SEC’s investigations into certain Ethereum sales, reports confirmed that U.S. prosecutors…

Spot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak

CoinspeakerSpot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak Bitcoin exchange-trade­d funds (ETFs) in the United States face­d a modest net outflow of $34.4 million on Thursday, May 2nd, 2024. This outflow is significantly lower compare­d to the record-breaking $563.7 million outflow obse­rved on the previous day.  While the slowdown offe­rs some hope, it’s crucial to maintain perspective. Grayscale’s GBTC, the longest-standing Bitcoin fund, had outflows of $55 million on Thursday. This shows the ongoing trend of withdrawals from GBTC, which has been a point of concern for investors.…

Crypto Investors Bet Big On ETFSwap (ETFS) Presale To Leverage Spot Bitcoin ETFs Popularity – Blockchain News, Opinion, TV and Jobs

Crypto investors are now moving to the ongoing ETFSwap (ETFS) presale as Spot Bitcoin ETFs surge in popularity. Crypto investors are now looking into ETFSwap (ETFS) amidst surging interest in Spot Bitcoin ETFs. With ETFSwap (ETFS), users can access both decentralized finance (DeFi) and the conventional exchange-traded fund (ETF) market without having to purchase any assets directly.  Investors can profit from a closer integration between these two markets by trading and using particular platform features with different tokenized ETFs. These tokenized exchange-traded funds (ETFs) replicate the performance of significant institutional…

Spot Bitcoin ETFs reach record $563m outflows

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On May 1, the U.S. spot Bitcoin ETF sector recorded a record capital outflow of $563.77 million. According to SoSo Value, the sector’s fund outflow continued for the sixth straight day. Capital outflows on May 1 reached their highest point since the spot Bitcoin ETFs were approved by the U.S. SEC. Capital outflow was recorded for 10 products, with the hardest hit coming against the Fidelity Wise Origin Bitcoin Fund (FBTC) at $191.09 million. Source: SoSo Value May 1 is also the first day when an outflow of capital was recorded on the iShares Bitcoin Trust (IBIT) position from BlackRock.…

Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […] Source CryptoX Portal

BlackRock (BLK) Sees Sovereign Wealth Funds (SWF), Pensions Coming to BTC ETFs

“Many of these interested firms – whether we’re talking about pensions, endowments, sovereign wealth funds, insurers, other asset managers, family offices – are having ongoing diligence and research conversations, and we’re playing a role from an education perspective,” Mitchnick said. And the interest is not new: BlackRock has been talking about bitcoin to these sorts of institutions for several years, he said. Source CryptoX Portal

Bitcoin (BTC) U.S. ETFs Bleed Over Half a Billion Dollars Despite Fed Chair Jerome Powell Ruling Out Rate Hike

On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT’s $36.9 million. Other funds also bled money even though Powell’s net-dovish approach put a floor under risk assets, including bitcoin. A dovish stance is one where the central bank prefers employment and economic overgrowth over excessive liquidity tightening. Source