Tag: ETFs

Ethereum ETFs Approval Date Set For May 23, Forecasts Suggest ETH Could Reach $4,000

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The Securities and Exchange Commission (SEC) is poised to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with the expectation that approval will be granted on the initial final deadline of May 23, as per Standard Chartered Bank analysis. Ethereum ETFs Face Delays, Approval Remains Likely According to a report by The Block, Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, stated that they expect pending applications for spot Ethereum ETFs to be approved on May 23,…

Why launch of new ETFs may not affect bitcoin as they did gold

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It’s possible that the new exchange-traded funds may benefit bitcoin as an asset class, but in the near term, it’s more likely the cryptocurrency rediscovers its high correlations with equities, according to Citi. The launch of spot bitcoin ETFs in the U.S. has been widely anticipated for months, with many investors thinking they could revolutionize investing in the asset the way the SPDR Gold Shares ETF (GLD) did for gold in 2004. Bernstein recently said bitcoin could rocket to $200,000 by the end of next year with bitcoin ETFs. Only time…

Bitcoin ETFs (BTC) See Net Inflows for First Time in a Week

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Even taking into account slowing but still sizable net outflows at the Grayscale Bitcoin Trust (GBTC), the ETF issuers as a whole added more than 4,200 bitcoin to their holdings worth roughly $183 million yesterday. Last week, daily flows were continuously negative on a daily basis, with roughly 20,000 bitcoin leaving the funds from Jan. 23 to Jan 26. The last previous net inflow day was Jan. 22, when the spot funds as a group added just over 1,200 bitcoin. Original

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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