Tag: ETFs

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

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Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene. On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under management, as per reports. The latest surge in trading activity eclipses the initial enthusiasm seen at the ETFs’ inception and establishes a new market engagement benchmark. In a March 14 interview with Crypto.news, Clive Thompson,…

Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs

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Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain exposure to the premier crypto asset. Only Institutional Investors and Ultra-High-Net-Worth Individuals Are […] Original

Bitcoin ETFs shatter records with 14,261 BTC bought in a single day, setting stage for price surge

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Bitcoin Exchange-Traded Funds (ETFs) experienced a remarkable trading day on March 12, with a record-breaking purchase of 14,261 bitcoins. The figure not only surpasses the initial enthusiasm witnessed during the ETFs’ launch but also sets a new high for market engagement. The method for calculating these Bitcoin purchases involves dividing the daily monetary inflow by Bitcoin’s average price, highlighting the ETFs’ significant role in the market. After experiencing a downturn in inflows that coincided with a reduction in Bitcoin’s price, the ETFs have shown a strong rebound. Current trends indicate…

Two major catalysts will drive expansion of Bitcoin ETFs in 2024

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Bloomberg’s Eric Balchunas expects two key developments to broaden Bitcoin ETF access by year’s end. The initial development focuses on introducing Bitcoin ETFs to mainstream advisory services, which have not yet been adopted by prominent wirehouse platforms overseeing assets valued between $7 trillion and $10 trillion. Balchunas predicts these ETFs will be integrated into such platforms within the upcoming months, likening the expansion to enhancing product visibility in major retail environments, which he believes will bolster their adoption. Furthermore, Balchunas highlighted the potential of larger investment platforms, such as Raymond…

Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities

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Spot bitcoin (BTC) exchange-traded funds could see $220 billion of inflows over the next three years, which means BTC’s price could quadruple to $280,000 when applying the multiplier on new capital, broker JMP Securities said in a research report Wednesday. JMP analysts said crypto exchange Coinbase (COIN) remains well-positioned if their inflow estimates prove to be correct. The broker raised its price target on the stock to $300 from $220, the highest among Wall Street analysts, according to Factset data, while maintaining its market outperform rating. Coinbase shares were trading…

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

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“The intraday nature of the move is reminiscent of the behavior of large institutional traders, with trading algorithms intercepting the move and retail traders often joining in,” Alex Kuptsikevich, a senior market analyst at FxPro, said in an email to CoinDesk. “Either way, the overall trend remains bullish, and bitcoin is back towards its highs as we head into early European trading.” Original

Bitcoin ETFs acquire more than mining supplies amid record $1.05b inflow

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On March 12, Bitcoin spot Exchange-Traded Funds (ETFs) witnessed a record-setting total net inflow of $1.05 billion. This marked the highest single-day net inflow since the initiation of the ETF, demonstrating a substantial increase of approximately 56% from the $673 million recorded on Feb. 28. Interestingly, one reason behind the significant inflow into Bitcoin ETFs could be their consistent performance, which has outpaced the newly mined supply of Bitcoin. According to SoSoValue data, on March 12, the total net inflow into Bitcoin spot ETFs reached $1.05 billion, setting a new…

Bitcoin ETFs See Record $1 Billion Inflows, Price Hits News ATH

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Yesterday, the Bitcoin price journey resembled a high-intensity rollercoaster ride, initially soaring past the $73,000 mark before encountering a tumultuous liquidation event. This event saw over $361 million worth of leveraged trades unwound, compelling the BTC price to retract sharply to below $68,300. The drastic price fluctuation primarily affected long position holders—investors who speculated on a continued price rise—with a staggering $258 million wiped out. Subsequently, Bitcoin’s price staged a remarkable V-shaped recovery, during which short sellers found themselves on the losing end, with just over $103 million in positions…