Bitcoin fell to a low of $60,300, erasing almost all of its gains since the U.S. Federal Reserve’s interest-rate cut last month, signaling an inauspicious start to “Uptober,” the community’s affectionate name for the calendar month that has historically seen the highest gains for BTC. The largest cryptocurrency has lost 2.6% since the start of the month, CoinDesk Indices data show. Source
Spot Bitcoin exchange-traded funds recorded significant outflows ending their eight-day inflow streak on Oct. 1 as Bitcoin retreated below $62,000 amid rising tension in the Middle East. According to data from SoSoValue, the 12-spot Bitcoin ETFs saw net outflows of $242.53 million, breaking an inflow streak that had brought $1.42 billion into these funds over the previous eight days. This marked the largest daily outflow since Sept. 3, when $288 million exited Bitcoin ETFs. Among the funds, Fidelity’s FBTC led the outflows with $144.7 million withdrawn on Oct. 1, followed…
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session. Bitcoin ETFs Pull in Millions, Ethereum Funds Post Losses The spotlight was on bitcoin ETFs, which gathered $61.3 million […] Original
Spot Bitcoin exchange-traded funds saw their eighth straight day of inflows on Sept. 30, whereas spot Ether ETFs experienced outflows following a day of positive flows. According to data from SoSoValue, the 12-spot Bitcoin ETFs recorded $61.3 million in net inflows extending their positive flow streak for the eighth consecutive day, drawing around $1.42 billion into the funds. BlackRock’s IBIT led the lot with inflows of $72.15 million continuing its inflow streak for the sixth consecutive day. The ETF has seen over 24.14 billion in total net inflows since its…
“Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance. But we are not on any preset course,” Powell said. “The risks are two-sided, and we will continue to make our decisions meeting by meeting.” Original
Este artículo también está disponible en español. Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the number of BTC being held by the Spot Bitcoin ETFs has been rising and is almost at the 1 million mark, Spot Bitcoin ETFs Now Hold 924,768 BTC…
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at […] Original
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively […] Original
Liquidity flowing into spot Bitcoin exchange-traded funds, or ETFs, surpassed $1 billion this week as analysts anticipate a new all-time high for the top cryptocurrency over the next three months. For the first time since July, weekly inflows into spot Bitcoin ETFs surpassed the billion-dollar mark, reaching $1.11 billion. This pushed the total cumulative net inflows across the 12 offerings to $18.8 billion, marking a new all-time high, per SoSoValue data. Notably, most of the inflows — $494.27 million — were recorded on Sept. 27, led by ARK 21Shares’ ARKB,…
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. […] Original