Tag: ETFs

Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum

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Spot Bitcoin ETFs see $80m net outflows on Thursday

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Investor interest in newly launched spot Bitcoin ETFs seems to wane, as another $80 million net outflow was recorded yesterday.  According to Bloomberg reports, Bitcoin ETFs witnessed an approximately $270 million inflow on Wednesday. However, factoring in the withdrawals from Grayscale Investment’s Bitcoin ETF, the net outflows totaled about $153 million on that day. The trend continued today with a $80 million net outflow, marking the fourth straight day of net withdrawals across these 10 funds.  These outflows were solely from the Grayscale Bitcoin Trust (GBTC), which transitioned into an…

Bitcoin (BTC) ETFs Show Net Outflows as Buying at BlackRock’s IBIT and Others Slow

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According to data collected by Bloomberg Intelligence analyst James Seyffart, the 10 spot bitcoin ETFs (GBTC included) saw a net outflow of $158 million on Wednesday. Day-to-day flows can, of course, be mercurial. Numbers compiled by CoinDesk from the issuers’ websites shows total bitcoin held by all of the spot ETFs (GBTC included) as of Jan. 24 of 642,458 versus 660,540 a week earlier, a decline of more than 18,000 tokens. Original

Bitcoin spot ETFs recorded the largest single-day total net outflow

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On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow. According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds…

Tesla Did Not Buy or Sell Any Bitcoin in the Lead Up To Spot ETFs

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Spot Bitcoin ETFs surpassed Silver in AUM; Chainlink and InQubeta bullish

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The U.S. Securities and Exchange Commission (SEC) recently approved multiple applications for spot Bitcoin ETFs. The approval of these ETFs has been met with positive reactions from the crypto community, with some analysts predicting that they could stabilize Bitcoin prices and promote price discovery. Besides Bitcoin, Chainlink (LINK) and InQubeta (QUBE) have also gained popularity recently. In the ongoing presale, InQubeta has raised over $8.4 million. InQubeta: raising the bar…

JP Morgan Reveals Likelihood Of Spot Ethereum ETFs Getting Approved

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Now that Spot Bitcoin ETFs have been approved by the United States Securities and Exchange Commission (SEC), the crypto space anticipates more ETFs to enter the market, particularly Spot Ethereum ETFs.  Despite this, analysts at JP Morgan, an American multinational financial service firm, have revealed a less than optimistic outlook for the potential approval of Ethereum Spot ETFs.  Ethereum Spot ETF Approval Prospects In a note to clients issued on Thursday, January 18, JP Morgan analysts led by Nikolaos Panigirtzoglou, the Managing Director at the financial service firm, expressed their…

Bitcoin’s safe-haven features could provide ‘solid support’ for spot ETFs, Kaiko says

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As Bitcoin keeps outperforming traditional safe-haven assets like gold or bonds, providers of spot Bitcoin exchange-traded funds (ETFs) are likely to double down on their new products. Bitcoin’s (BTC) asymmetric returns and low correlation could serve as “solid support” for the recently launched spot Bitcoin ETFs, given that institutional players are likely to continue fueling the ongoing enthusiasm for crypto ETFs. In a research report, analysts at Kaiko noted that the largest cryptocurrency by market capitalization has accumulated over $2 billion in net inflow since spot ETFs launch on Jan.…