Hashdex Bitcoin ETF, one of the 11 spot bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission (SEC) in early January, has launched. The fund converted from Hashdex Bitcoin Futures ETF and is trading on the NYSE Arca exchange. US Now Has 11 Spot Bitcoin ETFs Hashdex Asset Management has completed converting […] Original
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 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’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 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 |…
One analyst said quarter-end inflows could be stronger than usual. Original
Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Also, regulators reportedly look at Ethereum. Original
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…
In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In […] Original
Spot Bitcoin exchange-traded funds (ETFs) reported total net outflows of $51.6 million on Friday, marking the fifth day of consistent withdrawals. Among these, the Grayscale ETF (GBTC) experienced a substantial single-day net outflow of $169 million. In contrast, the BlackRock ETF (IBIT) and Fidelity ETF (FBTC) saw modest single-day net inflows of $18.89 million and $18.13 million, respectively, both reaching two-day record lows. Despite this downward trend, there’s a silver lining as the rate of outflows appears to be decelerating. The most significant drop happened on Tuesday, with over $323…