The bitcoin market is seeing unusual activity, hinting at increased adoption of the U.S.-listed spot ETFs for purely directional plays rather than arbitrage strategies. Since Nov. 20, the ETFs have seen strong daily uptake — other than Nov. 25 and 26 — capturing over $3 billion in net inflows, according to data source Farside Investors. On Tuesday, BlackRock’s IBIT registered a $693.3 million net inflow, the most since in the period, bringing the lifetime tally to $32. 8 billion. Meanwhile, open interest in CME futures has declined by almost 30,000…
Tag: ETFs
Blackrock’s Bitcoin Fund Tops 500,000 BTC as US ETFs Draw $353M in Inflows
On Monday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) attracted $353.67 million in inflows, with Blackrock’s IBIT taking the top spot. IBIT now boasts over 500,000 BTC, valued at $47.68 billion based on current exchange rates. Wall Street’s Bitcoin Bonanza: Blackrock Leads $353M ETF Influx The inflows to spot bitcoin ETFs and ether ETFs […] Original
Spot Bitcoin ETFs record fourth straight day of inflows, $353.67m added
Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of inflows on Dec. 2, with $353.67 million flowing into the funds. According to data from SoSoValue, BlackRock’s IBIT fund led the charge, recording a massive $338.33… Original
Bitcoin ETFs Hit $6.3 Billion Inflows in November
November saw total inflows for bitcoin exchange-traded funds (ETFs) surpass previous monthly records, reflecting heightened institutional and retail interest. Record Month for Bitcoin ETFs November 2024 marked a significant milestone for bitcoin exchange-traded funds (ETFs), with a record-breaking net inflow of $6.3 billion in investor funds, highlighting renewed confidence in the cryptocurrency sector. According to […] Original
Hong Kong Bitcoin spot ETFs set new record for monthly trading volume with $154m
Monthly trading volume in November for three Hong Kong Bitcoin spot ETFs surged to $154 million in November, setting a new record-high on the Hong Kong Stock Exchange. According to data from the Hong Kong Stock Exchange, the total monthly trading volume for three Bitcoin spot ETFs in Hong Kong has reached around HKD 1.2 billion in November or equal to $154 million, setting a new monthly trading volume record. The three main Hong Kong Bitcoin(BTC) spot ETFs contributing towards this record-high streak are ChinaAMC Bitcoin ETF, Bosera Hashkey Bitcoin…
Asset managers in US propose new Bitcoin ETFs to target cautious investors
Asset managers are turning to new derivatives-based Bitcoin ETFs to help cautious investors navigate the crypto’s notorious price swings. U.S. asset managers have filed plans with regulators to launch Bitcoin (BTC) exchange-traded funds that use derivatives to eliminate or at least minimize potential losses in an effort to attract cautious investors seeking exposure to the crypto market with reduced risk. According to a Financial Times report on Monday, Dec. 2, the proposals include a range of “buffered” and “managed floor” strategies, which reduce risks by protecting investors from big losses…
Ethereum outpaces Bitcoin in daily net flows for spot ETFs
Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge. The latest data from SoSoValue reveals that Ethereum (ETH) spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin (BTC) spot ETFs’ $320.01 million for the first time since inception. This development coincides with Ethereum’s price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period. US ETH Spot ETF inflow data from SoSoValue Ethereum…
Bitcoin ETFs near record $6.2b inflow in US as BTC eyes $100k
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows so far in November, bolstered by Bitcoin’s surge toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, Bloomberg reports. The inflows coming to such ETFs issuers as BlackRock and Fidelity, are set to surpass the previous record of $6 billion achieved in February, the report reads, noting that Bitcoin is nearing…
Bitcoin ETFs lagged behind Ether ETFs ahead of Thanksgiving
Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $32.2 million in inflows over the last four trading days between Nov. 22 and Nov. 27, which stood significantly lower than the $224.8 million inflows recorded by the nine spot Ethereum ETFs over the same period. The interesting scenario comes as Bitcoin saw a 2.7% drop in its…
Bitcoin ETFs Reel in $103M in a Day, Pushing Cumulative Inflows to $30.38B
The 12 spot bitcoin exchange-traded funds (ETFs) had a standout Wednesday, capitalizing on BTC’s latest price climb. Collectively, these funds attracted $103.09 million in inflows, pushing their cumulative net inflows since Jan. 11 to an impressive $30.38 billion. Bitcoin and Ethereum ETFs See Combined $193M Inflows on Wednesday Leading the charge, Bitwise’s BITB pulled in […] Original