Bitcoin exchange-traded funds (ETFs) wrapped up the week deep in the red with $558 million in outflows, while ether ETFs shed another $47 million. In contrast, solana ETFs stayed resilient, notching another $13 million inflow to close the week strong. Solana Keeps Winning Streak Alive as Bitcoin and Ether ETFs Bleed The week ended on […] Original
Excitement in the crypto community is growing over the potential launch of XRP funds, as the US Senate advances a deal aimed at ending the longest-ever government shutdown. The Senate reportedly reached a deal on a budget bill to end the government shutdown on Sunday, sending a bullish signal to numerous markets, including crypto. The XRP (XRP) community is anticipating multiple XRP exchange-traded funds (ETFs) to launch shortly, with several already appearing on the Depository Trust and Clearing Corporation (DTCC) website ahead of a possible launch this month. The price…
Key Notes Five spot XRP ETFs have officially appeared on the DTCC. Technical indicators suggest XRP is consolidating in a bullish wedge pattern. Analysts see $1.90 as the final retest before a possible breakout toward $10. This week, five spot XRP XRP $2.48 24h volatility: 8.1% Market cap: $149.14 B Vol. 24h: $4.20 B exchange-traded funds from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares appeared on the Depository Trust and Clearing Corporation (DTCC), the same platform that processed Bitcoin and Ethereum ETFs before their official market debut. The listings…
Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. “There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.” “The second reason is that they have realized that the real revolution isn’t Bitcoin but Blockchain, which is…
Balancer’s $116M exploit, Stream Finance’s $93M stablecoin crash, Sequans’ bitcoin sale backlash, the Silent IPO theory for bitcoin, and Solana ETFs’ inflows in this Week in Review. Week in Review Balancer was exploited for over $116 million after a V2 pool vulnerability was abused, Stream Finance saw a $93M blow that sent its XUSD peg […] Source CryptoX Portal
All 12 U.S. Bitcoin spot ETFs recorded outflows totaling $558.44 million on November 7. This was one of the largest single-day withdrawals since the funds launched. Summary Bitcoin spot ETFs saw $558M in outflows, led by Fidelity’s FBTC and BlackRock’s IBIT. It was the second-largest single-day withdrawal since U.S. Bitcoin ETFs launched. Solana ETFs extended their inflow streak to nine days with $12.7M added on Nov 7. Fidelity’s FBTC led the outflow with $256.66 million in outflows, followed by ARKB at $144.24 million and BlackRock’s IBIT at $131.43 million. The…
US Spot Bitcoin and Ethereum ETFs finally broke their six-day losing streak on November 6, posting their first day of net inflows after nearly a week of continuous capital outflows. Data from SoSoValue shows that Bitcoin ETFs drew $240.03 million in new investments over the past 24 hours, while Ethereum ETFs gained $12.51 million. Solana ETFs, meanwhile, continued to show remarkable consistency, bringing in $29.22 million in daily inflows. That figure extended Solana’s winning streak to eight consecutive days of positive capital movement, even as other major digital-asset ETFs struggled…
After nearly a week of redemptions, bitcoin and ether ETFs swung back into positive territory on Thursday, drawing $240 million and $13 million in inflows, respectively. Solana ETFs extended their green run with a solid $29 million boost. ETF Turnaround: Bitcoin and Ether Snap Outflow Streaks as Solana Maintains Inflows The streak finally snapped. After […] Source CryptoX Portal
U.S. spot Bitcoin ETFs resumed inflows on Nov. 7 as institutional demand for the bellwether asset returned, after BTC bulls successfully defended the $100K support level. Summary U.S. Bitcoin ETFs switched back to inflows on Nov. 7 as institutional demand improved. Bitcoin bulls have defended the $100k psycologcial support level twice this week. Crypto markets experienced $586 million in liquidations. According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $240 million in net inflows on Thursday, marking an end to the prior six-day outflow streak that saw…
United States spot Bitcoin exchange-traded funds (ETFs) recorded a $239.9 million net inflow on Thursday, ending a six-day slump of outflows draining almost $1.4 billion from the market. According to data from Farside Investors, the reversal came after a turbulent week of profit-taking driven by macroeconomic uncertainty, which led to redemptions across the largest institutional Bitcoin (BTC) investment vehicles. The rebound was led by asset manager BlackRock, which added $112.4 million to its iShares Bitcoin Trust (IBIT), followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $61.6 million. The ARK…