One example benefitting from blockchain is tokenization, making real-world assets such as funds and bonds available on digital asset rails. Franklin Templeton was a pioneer, she said, launching the first money market fund available on-chain using the Stellar network in 2021, years before rivals like BlackRock entered the space. Source
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops Inflows as U.S. Bitcoin ETFs Maintain Positive Streak Blackrock’s Ishares bitcoin trust (IBIT) led on May 29, with $24.5 million […] Original
The market’s initial reaction to the launch of spot ether ETFs is likely to be negative, as speculative investors who bought the Grayscale Ethereum Trust (ETHE) in expectation of it being converted to an ETF are likely to take profit. ETHE could see $1 billion of outflows, putting downward pressure on ether prices, the report said. Source
Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale. In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million. ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows ETFSwap (ETFS)…
U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory. This analysis follows on the heels of a significant regulatory nod from the US Securities and Exchange Commission (SEC), which approved the 19b-4 applications for eight leading financial entities — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. These approvals, granted under a collective omnibus order on May 23, set the stage for the final steps, which involve…
BlackRock’s IBIT has surpassed Grayscale’s GBTC, becoming the largest spot bitcoin ETF in the U.S. The latest flip comes after BlackRock’s spot bitcoin exchange-traded fund (ETF) saw a $102 million inflow on Tuesday. IBIT now holds nearly $20 billion worth of bitcoin, as reported on its product page on Wednesday morning. In contrast, GBTC holds $19.7 billion after experiencing $105 million in outflows on the same day. On May 28, BlackRock incorporated the bitcoin ETF into its income and bond-focused funds during the first quarter. The firm’s Strategic Income Opportunities…
Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a net inflow of $45 million on May 28. This extended their win rate to 11 straight days despite the Grayscale Bitcoin Trust ETF (GBTC) experiencing $105.2 million in outflows. These ETF products collectively saw an inflow of 632 BTC. The positive capital flow was due to BlackRock’s and Fidelity’s products overshadowing the 1,550 BTC outflow from GBTC. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) witnessed inflows worth $102.5 million, the largest for any ETF. Meanwhile, Fidelity’s Wise Origin Fund (FBTC) recorded the second-highest…
Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have recorded $0 net inflows for the fourth time since their launch in January. According to data provided by Farside Investors, spot BTC ETFs stood still on May 27 as the broader crypto market faced correction. Notably, this is also the first time in the past two weeks that Bitcoin ETFs recorded no inflows. Data shows that the BTC ETFs registered over $2 billion in net inflows between May 13 and 24. The total net inflows in the first two weeks…
Today’s edition of the weekly recap: spot Ethereum ETFs are happy; Bitcoin reclaimed the $71,000 threshold; lawmakers passed the FIT21 bill to ensure crypto regulatory clarity. Original