Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock’s spot bitcoin ETF, IBIT, has collected. Source
Two wealth managers on Wall Street will support spot Bitcoin ETFs nearly two months after the products debuted on major U.S. exchanges. Bank of America’s Merrill Lynch and Wells Fargo will allow clients with brokerage accounts to trade spot Bitcoin (BTC) ETFs following billions in demand eight weeks after it became available. Bloomberg first reported the news, citing unnamed sources with intimate knowledge of the matter. Spot Bitcoin ETF issuers include some of the largest asset managers in the U.S., such as BlackRock and Fidelity. However, wirehouses and traditional banks…
Ten new U.S. spot bitcoin exchange-traded funds (ETFs) have shattered both inflow and trading volume records. The 10 funds took in $673.4 million, with Blackrock’s Ishares Bitcoin Trust (IBIT) accounting for $612.1 million of the total inflow. The 10 bitcoin ETFs also set a new record for total trading volume. Spot Bitcoin ETFs Set New […] Original
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Although billions of dollars have already been invested in these products, the investment floodgates might not open until the bitcoin ETFs are offered by big registered investment advisor (RIA) networks and broker-dealers platforms such as those attached to firms like Merrill Lynch, Morgan Stanley, Wells Fargo and others. Source
Retail traders appear to be using a new tool during this huge rally for bitcoin — exchange-traded funds. The funds, which launched last month, have seen their trading volume surge this week as bitcoin continues to climb. For example, the iShares Bitcoin Trust (IBIT) had already seen more than 61 million shares change hands by early afternoon on Wednesday, according to FactSet. That is well above its previous record high of roughly 43 million shares, which came on Tuesday. Another multibillion dollar fund, the Fidelity Wise Origin Bitcoin Fund (FBTC),…
Spot Bitcoin (BTC) ETFs have continued to attract interest from market participants, having recorded two new all-time highs in trading volumes over the past two days amid the latest Bitcoin uptrend. According to Santiment, the combined trading volume for the seven largest spot Bitcoin ETFs stood at $7.64 billion as of Feb. 26. This figure represents the current record high, having surpassed the previous record of $6.15 billion by $1.49 billion. Interestingly, the market witnessed the $6.15 billion high on Feb. 25, suggesting that the latest ATHs were attained in…
Carson Group, an investment platform with $30 billion in assets under management, has reportedly approved four spot bitcoin exchange-traded funds (ETFs) on its platform. The approved funds include Blackrock’s Ishares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). “We feel it is important to offer these products as a result of two of […] Original
Nine recently launched spot bitcoin exchange-traded funds (ETFs) broke their all-time daily volume record on Monday as the price of bitcoin soared. “It’s official…the new nine bitcoin ETFs have broken all-time volume record today with $2.4b,” said a Bloomberg ETF analyst, noting that Blackrock’s Ishares Bitcoin Trust (IBIT) “went wild,” breaking its record by about […] Original
The rally began Monday morning in the U.S., with bitcoin taking out $53,000, also for the first time since November 2021. The price rose above $54,000 later in the day. During the U.S. evening/early Asia morning, things got very active again, with bitcoin taking out the $55,000, $56,000 and $57,000 levels in the space of a few minutes. Original