Tag: ETFs

Bitwise CIO predicts $1T BTC inflow via ETFs from institutional investors

Bitwise chief investment officer Matthew Hougan said institutional investors would likely pour as much as $1 trillion into Bitcoin through exchange-traded funds (ETFs) as they steadily move into crypto. In a memo sent to investment experts, Hougan addressed concerns over Bitcoin’s price volatility. As the asset fluctuates between $60k and $70k, the CEO believes the best strategy is to “keep calm and take the long view.” 1% Down; 99% to Go. Reflections on the ETF launch. An excerpt from Bitwise CIO @Matt_Hougan‘s weekly memo to investment professionals. Lately the crypto…

Are Old Bitcoin Whales Selling Or Mitigating Risks Using Spot BTC ETFs?

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Ki Young Ju, the founder of CryptoQuant, a blockchain analytics firm, has noticed a curious trend. In a post on X, the founder shared a snapshot suggesting that Bitcoin “old whales” might be shifting their holdings to “new whales,” mainly traditional finance heavyweights like Fidelity and BlackRock. The United States Securities and Exchange Commission (SEC) recently approved these new whales to list spot Bitcoin exchange-traded funds (ETFs) for all investors.  Bitcoin old Whales moving holdings | Source: Analyst on X “Old Whales” Moving Coins: Selling Or Risk Mitigation? While a definitive sell-off…

US Spot Bitcoin ETFs Rebound With $418 Million Inflow

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On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first positive inflows, breaking a streak of five consecutive days of outflows totaling $887.6 million. The momentum continued into Tuesday, with the ETFs amassing $418 million in inflows, building on the $15.4 million gained the previous day. Bitcoin ETFs’ Fortunes Flip The week prior […] Original

Spot Bitcoin ETFs record recovery, cups $418 million intraday inflows

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Spot Bitcoin ETFs have witnessed a recovery this week as the crypto market rebounds, accruing inflows worth $418 million on March 26. Data from investment management firm Farside Investors confirms that the ETF market is leveraging the latest Bitcoin (BTC) resurgence. Notably, the $418 million inflows represent the highest amount of capital flows into these products since March 13. Individual performances show the Fidelity Wise Origin Bitcoin (FBTC) outperformed BlackRock’s iShares Bitcoin Trust (IBIT) for the second consecutive day this week, having attracted the highest inflow on March 26, amounting…

Grayscale CLO anticipates SEC approval for spot Ether ETFs by May

Grayscale’s chief legal officer (CLO), Craig Salm, expects the SEC to approve spot Ether (ETH) exchange-traded funds (ETFs) by May 2024. According to Salm, the optimism stems from the SEC’s meetings with Grayscale prior to the approval of Bitcoin ETFs. The meetings covered critical operational aspects such as creation/redemption procedures, cash versus in-kind contributions, authorized participants (APs), liquidity providers (LPs), and custody issues. Based on these interactions, Salm asserts that the case for Ethereum ETFs is quite similar to that of Bitcoin ETFs.  His argument mainly centered on the fact…

Bitcoin ETFs break outflow streak with $15.7m net inflow

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Bitcoin ETFs saw a total net inflow of $15.7 million on Monday, reversing a five-day streak of net outflows.  According to data from SoSo Value, Fidelity’s Bitcoin ETF (FBTC) led the charge with an impressive net inflow of approximately $261 million in a single day. Following FBTC, BlackRock’s Bitcoin ETF (IBIT) also saw a substantial net inflow of about $35.4 million. The figures starkly contrast with the Grayscale Bitcoin Trust (GBTC), which experienced a significant net outflow of $350 million on the same day. Total net inflow since launch |…

Bitcoin ETFs Bleed – Can Price Recover To $73,000?

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Last week was rough for Spot Bitcoin ETFs as they failed to attract strong inflows day after day. As a result, these Spot Bitcoin ETFs witnessed consecutive daily outflows every day last week, indicating the bullish sentiment among institutional traders might actually be waning. This seems to have been reflected in the price of Bitcoin, as the cryptocurrency fell to as low as $61,370 during the week.  Bitcoin ETFs See Sustained Outflows Investor interest in Spot bitcoin ETFs skyrocketed throughout February and early March amid Bitcoin’s bull run, pushing its…