Tag: ETFs

ARK Invest Adds Bullish, BitMine, Circle, Robinhood and Bitcoin ETFs

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ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) expanding their exposure, according to trade notifications for Friday. Combined, these buys amounted to about $2 million, following Bullishโ€™s 5.75% gain on the day. ARK also continued accumulating BitMine, with purchases across ARKF,…

Solana and XRP ETFs Defy Outflows as Markets Face Heavy Outflows

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While spot Bitcoin and Ether exchange-traded funds (ETFs) are facing some of the biggest daily outflows since they launch, two new altcoin products are bucking the trend. Despite the broader market rout, Solana (SOL) and XRP (XRP) ETFs have yet to record a single outflow day since launch, according to crypto ETF data aggregator SoSoValue. This makes the two altcoin ETFs rare green marks in an otherwise red ETF landscape. The inflows are becoming substantial. Data shows that Solana-based spot ETFs have accumulated nearly $500 million in net inflows, while…

Analyst Claims XRP Price Will Surge To $220 Due To ETFs, But Is This Possible?

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Crypto analyst Chad Steingraber has sparked both excitement and skepticism in the crypto community with a bold prediction for the XRP price. According to his technical analysis, XRP could surge to an astonishing $220 solely due to the impact of its Exchange-Traded Funds (ETFs). He draws a parallel with Bitcoinโ€™s historic price spike following its spot ETF launch, suggesting that institutional adoption and market enthusiasm could drive a similar meteoric rise for XRP. While the bold claim has caught the interest of market participants, questions remain about whether this projection…

Bitcoin Whale Sells $1.3B BTC As Institutions Buy 40% Bitcoin ETFs

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Owen Gunden, one of the richest early Bitcoin holders, has sold his entire Bitcoin position as retail investors flee the market and institutions continue increasing their share of spot Bitcoin exchange-traded funds. The wallet tagged as Owen Gunden by blockchain data platform Arkham transferred his last 2,499 Bitcoin (BTC) worth $228 million to cryptocurrency exchange Kraken on Thursday. In total, Gundenโ€™s wallet has sold 11,000 Bitcoin worth around $1.3 billion since Oct. 21, liquidating his entire Bitcoin holdings, according to Arkham. Gundenโ€™s transactions come amid growing concerns over the end…

XRP Supply Shock Ahead? ETFs Could Consume It All: Analyst

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A new projection from an XRP analyst is drawing fresh attention to how quickly spot ETFs could gobble up available tokens if heavy inflows persist. Related Reading The numbers in the model are simple and large, and they force a straightforward question: what happens if steady ETF buying meets a limited public supply? ETF Flows Could Outrun Supply According to analyst Chad Steingraber, one XRP ETF might average $90 million in daily inflows. Multiplying that by 12 ETFs and the result is $1.08 billion each day. Based on his assumptions,…

Bitcoin ETFs bleed cash as Abu Dhabi doubles down

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BlackRockโ€™s iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since launching in January 2024. Summary Abu Dhabiโ€™s sovereign wealth fund Mubadala invested $518 million in a Bitcoin ETF. The fund tripled its Bitcoin exposure just before the crypto crash. BlackRock Inc.โ€™s iShares Bitcoin Trust ETF posted five consecutive days of outflows totaling $1.43 billion. The fund has now posted five consecutive days of outflows totaling $1.43 billion, contributing to four straight weeks of withdrawals amounting to $2.19 billion. The accelerating outflows…

๐ŸšจBIG CRYPTO NEWS! US TREASURY IRS APPROVE STAKING IN ETFS & MARKET STRUCTURE BILL MAKES PROGRESS!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: Scott Bessent says the US Treasury and IRS approve staking in crypto ETFs. The Senate Agriculture committee has released its long-awaited bipartisan crypto market structure discussion draft. Brought to you by ๐Ÿ  Propy (PRO) is a blockchain-based real estate marketplace and decentralized title registry that leverages smart contracts to facilitate property transactions globally & ๐Ÿ’กGet the (Re)Thinking Crypto Book on Amazon – ๐Ÿ–ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐ŸŒŸUphold – Signup with Uphold. Terms Apply. Cryptoassets are highly…