TL;DR Cathie Wood predicts BTC could reach $650,000 by 2030, citing regulatory shifts and institutional adoption as key drivers. Analysts expect further gains, with targets up to $245,000 next year. Bullish as Usual Bitcoin (BTC) has performed impressively in the past week, with its price pumping above $93,000 on November 13. In the following days,…
October 18, 2024 at 01:30 PM GST updated: October 18, 2024 at 10:36 AM 2 mins read News Spot Bitcoin ETFs exceed $20B in inflows, driven by rising investor demand and market confidence. BlackRock’s iShares Bitcoin Trust leads the surge, with $393M daily inflows on October 16. Bitcoin ETFs hit $20.26B as Bitcoin price climbs…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a strategic play, Ark Invest, the investment management firm led by Cathie Wood, acquired nearly $2.2 million worth of Coinbase (COIN) stock on Tuesday. This comes after the investment firm offloaded Coinbase’s shares worth $2.7 million in August. Also, the firm dumped a massive $15.1 million worth of…
The Robinhood shares were distributed as ARKK sold its largest portion which stood about 1,094,321. ARKW and ARKF neared by words at 191,445 shares and 135,665 shares each. The stock price of Robinhood went over 100% from the beginning of the year to now and was at its peak in the prolonged period. ARK Invest,…
Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ark Invest, led by Cathie Wood, recently offloaded 44,609 shares of its spot Bitcoin Exchange Traded (ETF) ARKB from its Next Generation Internet ETF (ARKW). The offloaded shares are valued at $2.8 million. This move marks the latest sales, following a $6.9 million offload, $2.7 million out of its…
The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million. Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market Publicly listed, physically settled bitcoin and…
According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling…
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble Again As reported by…
Este artículo también está disponible en español. Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report. Bitcoin’s Healthy On-Chain Metrics, What Does It Mean? In its report, ARK Invest posits that Bitcoin…
September 12, 2024 at 09:40 PM GST updated: September 12, 2024 at 09:14 PM 3 mins read News Ark Invest purchased 53,708 Coinbase shares worth $8.4 million across three ETFs during a period of market volatility. Coinbase now ranks as the fourth-largest holding in Ark’s Innovation ETF, with a 6.5% weighting valued at around $355…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ark Invest, the investment management firm led by Cathie Wood, recently purchased 53,708 Coinbase shares, valued at approximately $8.4 million. According to the announcement, this move is part of the firm’s ongoing strategy to rebalance its fund weightings. It is in response to a price drop following the past…
The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96…
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to…
On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net…
On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. Bitcoin and Ether ETFs Face Outflows During the trading sessions on Aug. 29, the collective…
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in…