Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading volumes underscored the market’s feverish pace. Ether ETFs Extend Streak to 8 Days With Bitcoin […] Original
Key points: BlackRock’s Bitcoin and Ether ETFs bought over $1 billion on Thursday while prices tanked 5% or more. Institutions are interested in “buying the dip” on both assets, a reaction says. Bitcoin has almost filled its latest CME futures gap with a trip to near $17,200. Bitcoin (BTC) hovered at $119,000 into Friday’s Wall Street open as attention focused on institutional buyers. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BlackRock buys the dip as liquidations pass $500 million Data from Cointelegraph Markets Pro and TradingView showed BTC/USD protecting the daily open…
Citigroup is looking to make a further foray into the crypto and blockchain ecosystem with custody and payments solutions for stablecoins and crypto exchange-traded funds. Summary Citigroup is exploring expansion into stablecoin payments and cryptocurrency ETFs custody. The U.S. bank joins other leading financial firms in considering crypto services. The U.S. banking giant is considering a move into crypto custody, stablecoin payments, and other services as leading banks and financial institutions increasingly embrace crypto. In a report, Reuters cites a top executive at Citigroup as saying the bank wants to…
U.S.-listed exchange-traded funds tracking Ethereum have logged another day of strong inflows as institutional demand shows no signs of cooling. Summary Ethereum ETFs recorded $729 million in inflows on Aug. 13, surpassing Bitcoin ETFs by a wide margin. The numbers mark the second-largest single-day inflows for ETH ETFs since launch, behind the $1.02 billion record earlier this month. Corporate giants like SharpLink and BitMine remain bullish on ETH and are ramping up accumulation plans. Ethereum ETFs recorded $729 million in inflows in their latest trading session on August 13, according…
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Half of the top 20 exchange-traded funds (ETFs) in the United States are linked to digital assets, underscoring the sector’s growing appeal to investors. On Monday, ETF analyst Nate Geraci said more than 1,300 ETFs have launched since the start of 2024, and crypto-linked assets dominated the top 20 investment products in inflows. These include Bitcoin (BTC) and Ether (ETH) ETFs, funds tracking leveraged ETH positions and Strategy (MSTR) exposure products. Geraci shared data that the top four overall assets by inflows are crypto-related, including BlackRock’s iShares Bitcoin Trust ETF…
Spot Ether exchange-traded funds (ETFs) recorded their biggest day of net inflows ever on Monday, with flows across all funds totalling $1.01 billion. The development came as many key indicators had turned bullish and Ether (ETH) gained 45% in the past 30 days. Inflows into Ether ETFs far exceeded those of their Bitcoin (BTC) counterparts, which saw a net inflow of $178 million on Monday, according to Farside Investors. For the Ether funds, BlackRock’s iShares Ethereum Trust ETF (ETHA) attracted the lion’s share of flows, with a record $640 million…
Bitcoin and ether exchange-traded funds (ETFs) saw a combined $503 million in inflows on Thursday, marking one of the strongest days for institutional sentiment in recent weeks. Bitcoin notched its second consecutive green day, while ether funds posted their largest inflow since mid-July. Crypto ETFs Roar Back: BTC Pulls in $281 Million, ETH Adds $222 […] Original
Japanese financial services conglomerate SBI Holdings denied media reports that the company had filed for crypto-related exchange-traded funds (ETFs). Media reports circulated Wednesday saying SBI had filed an ETF application for two products: a dual gold and crypto ETF and a dual Bitcoin (BTC) and XRP (XRP) ETF. The stories cited the company’s earnings report. However, as Cointelegraph reported, the earnings report did not clearly confirm whether any applications had been filed. In a statement to Cointelegraph on Friday, an SBI representative clarified: “Contrary to some media reports, we have…
Bitcoin exchange-traded funds (ETFs) broke their four-day red streak with a $92 million inflow, led by Blackrock and Bitwise, while ether ETFs extended their recovery with a $35 million gain. BTC and ETH ETFs See Gains As Market Finds Its Footing Signs of stabilization crept back into crypto markets on Wednesday, Aug. 6, as both […] Original