Tag: ETFs

Bitcoin ETFs See Three Days Of Bullish Inflow

boss

The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles. Bitcoin ETF Inflows Signal Long-Term Investor Appetite A recent dip in ETF activity sparked fears that the initial excitement might be short-lived. However, those fears have been quelled by a resurgence in inflows. According to data from SoSoValue, yesterday saw a net inflow…

Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC

boss

Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities. 9 Authorized Participants for IBIT Blackrock, the world’s largest asset manager, filed an update to its Ishares Bitcoin […] Original

Double or Nothing: Proshares Unveils BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets

boss

On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] Original

Spot Bitcoin ETFs saw $39m net inflows on April 2

boss

Spot Bitcoin ETFs have drawn in over $12 billion in cumulative net inflows within three months of trading, while Grayscale GBTC liquidations continue.  SoSoValue data tracking spot Bitcoin (BTC) ETF activity showed over $39.4 million daily net inflows. Wall Street stalwart BlackRock recorded the largest influx among nine new funds, as traders parked $150 million into the firm’s iShares Bitcoin ETF (IBIT).  BlackRock commands nearly $17 billion in assets under management (AUM). The issuer’s closest competitor, excluding Grayscale, boasts $7.6 billion in AUM held by fellow tradfi juggernaut Fidelity.  Although…

U.S. SEC Calls for Comments on Spot ETH ETFs

Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of the bitcoin applications after a key loss in a court dispute with Grayscale, and SEC officials had argued that their resulting approval of bitcoin ETFs doesn’t apply to other tokens. Source

US Bitcoin ETFs See $85.7M Outflow After 4 Days of Gains; Grayscale’s GBTC Leads the Dip

boss

After four days of consecutive inflows, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn, with $85.7 million flowing out during Monday’s trading hours. U.S. Spot Bitcoin ETFs’ Momentum Halted With $85.7M in Outflows, Spotlight on GBTC Between March 25 and March 28, 2024, the U.S. spot bitcoin ETFs enjoyed an upward trend, amassing […] Original

Blackrock Spot Bitcoin ETF’s Holdings Soar Past 252K BTC — CEO Says He’s ‘Pleasantly Surprised’ by Retail Demand

boss

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has significantly increased its bitcoin holdings, which have now surpassed 252,011 BTC, representing an approximate notional value of $18 billion. This substantial increase reflects a stronger-than-anticipated influx of retail investor demand, exceeding even the CEO’s initial expectations. Blackrock CEO Larry Fink: ‘I’m Pleasantly Surprised’ […] Original