Tag: ETFs

Don’t expect quick gains solely because of spot Bitcoin ETFs

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If we were to judge the immediate effects of the SEC approving 11 spot Bitcoin ETFs in January as a bellwether for its long-term price response, HODLers probably would have been let down by the price only rising six percent in a little over a month. While the approvals brought a new wave of positive attention and robust institutional activity in the crypto market, the instant price…

GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs

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The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday, significant outflows from Grayscale’s Bitcoin Trust (GBTC) eclipsed these gains. Grayscale’s Losses Contrast With Gains On Thursday, GBTC experienced outflows that […] Original

Grayscale Battling Outflows And Lower-Cost ETFs, Q1 Revenue Stays Flat At $156M

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Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust ETF (GBTC).  Grayscale Exceeds Expectations Despite Outflows According to a shareholder letter from its parent company, Digital Currency Group (DCG), the operator of the Grayscale Bitcoin Trust recorded $156 million in revenue, showing little change from the previous quarter. Related Reading Since the GBTC trust’s conversion to an ETF…

Spot ETFs in Hong Kong launch softened outflow from US funds

The outflow of investments in digital assets for the fourth week in a row amounted to $251 million. According to CoinShares data, the week from April 27 to May 3 marked the first time there were any measurable outflows from newly issued U.S. ETFs. The average purchase price of the underlying ETF asset since launch is $62,200 per Bitcoin (BTC), with the recent price fluctuations potentially triggering sell orders. Capital outflows totaled $504 million in the United States. Withdrawals were also noted in Canada, Switzerland, and Germany, totaling $9.6 million, $9.8…

Wintermute to Provide Liquidity Hong Kong Bitcoin (BTC) and Ether (ETH) ETFs

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“Crypto ETFs provide a means for investors at all levels to enter into the world of digital assets through a regulated and government-endorsed investment vehicle,” said Wintermute CEO Evgeny Gaevoy. “[They] play a key role in bringing the next wave of investors into the crypto space, both institutional and retail … Increasing access to digital assets will play a critical function in further accelerating growth, and Wintermute is excited to play a key role in that process.” Original

Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows

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According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. US Spot Bitcoin ETFs […] Original

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…