The United States Federal Reserve will meet on September 18 and 19 to discuss whether it will follow the example set by other central banks, such as the ECB, and start lowering the key interest rates after years of hiking. This is a particularly intriguing event for all financial markets, but especially crypto, given its…
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions…
Este artículo también está disponible en español. BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into…
On Monday, BlackRock’s Bitcoin ETF, IBIT, posted its first net inflows in two weeks, according to data from Farside Investors. The iShares Bitcoin Trust (IBIT), the largest of the bitcoin ETFs by assets under management, drew $15.8 million of new money yesterday. The exchange-traded fund ended a streak of 13 days of flat or negative…
The post Weekly Bitcoin Spot ETF Inflows Records $447.8M! appeared first on Coinpedia Fintech News Reportedly, the BTC ETF has recorded a positive trading week by closing 4 out of 5 days in green. During these four days, the total inflow recorded was $447.8 million. On the other, hand it recorded an outflow of $43.9…
Bitcoin’s two-week-long negative streak came to an end on Monday, while the net inflows for the past five-day trading period skyrocketed to over $400 million. The same cannot be said for the spot Ethereum ETFs, as the products continue to bleed out and see little to no actual demand. Spot BTC ETFs Back on Track…
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…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 After experiencing a streak of continuous outflows, U.S. spot Bitcoin ETFs made a comeback, recording daily net inflows of $39.02 million on Thursday. Notably, this positive momentum follows weeks of declining investor sentiment and declining BTC prices. Contribution by Individual Bitcoin ETFs The bulk of Thursday’s inflows were driven…
Bitcoin ETFs in the US have undergone a notable decrease, with net outflows amounting to $1.2 billion in the last eight days. This signifies the most extended duration of uninterrupted withdrawals since their inception in early 2024. From late August to early September, investors withdrew substantial amounts from the 12 spot Bitcoin ETFs available on…
The crypto ETFs are changing the way investors can interact with an asset. The SEC approved 11 Bitcoin Spot ETFs on January 10, this year. On the other hand, the first Ethereum Spot ETF started trading on July 23. Since then, the ETFs have been witnessing a greater amount of inflows, with some cases of…
The approval of both spot Bitcoin and Ethereum ETFs in the United States was hailed as a major turning point for the mainstream adoption of digital assets and web3 space. However, a few months down the line it is evident that Wall Street funds are more interested in Bitcoin than Ethereum on a larger scale….
Bitcoin recorded one of its most impressive daily performances in recent history yesterday when it pumped from a daily low of $53,600 to just over $58,000. Here are some of the possible reasons behind this surge while the community speculates whether the worst has passed and BTC could resume its 2024 bull run. ETF Flows…
Crypto Live News Author: Elena R Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Sep 10, 2024 12:31 On 09th September, BTC ETF recorded a positive inflow…
Bitcoin’s price continues to show high levels of correlations with the landscape around the spot ETFs. This was further proven by the price actions on Monday evening. BTC jumped to over $58,000 for the first time in five days as the ETFs broke a two-week-long streak. Over the weekend, CryptoPotato reported the negative streak the…
The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated…
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January. At the same time, the Ethereum counterparts still see little activity, with investors’ demand and interest obviously missing. Bitcoin ETFs’ Negative Streak CryptoPotato reported last…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The United States market for Spot Bitcoin (BTC) exchange-traded funds (ETFs) has experienced eight consecutive days of decline. This downward trend coincides with Bitcoin’s price falling to a one-month low of around $53,555 on September 6. Data from SoSoValue reveals that Fidelity’s FBTC led the outflows among twelve Bitcoin…
September 7, 2024 at 01:10 PM GST updated: September 7, 2024 at 12:06 PM 2 mins read News WisdomTree withdrew its Ethereum trust application amid increasing U.S. regulatory scrutiny on cryptocurrency products. WisdomTree continues to offer a Bitcoin ETF in the U.S. and ETNs for Bitcoin and Ethereum in the UK despite pulling the Ethereum…
It’s no secret anymore that the 2024 bull run has been quite different than previous ones, at least in terms of when the all-time high came and how BTC has moved post-halving. The past week or so has not been kind to the asset as it dumped to a monthly low of $55,300. Are the…
After a brief rally to $58,492, Bitcoin’s price has fallen and is currently trading at $56,753. BTC has struggled to break through $60K, consolidating between $56K and $58K. Bitcoin’s U.S. spot ETFs have seen six consecutive days of outflows, with $37.29 million recorded in net outflows. Bitcoin price movement has drawn significant attention from traders…
This week, the US Bitcoin ETFs market saw its largest capital outflow since May. On Tuesday, the Bitcoin US Spot ETFs recorded a whopping $287.78 million in daily outflows. This correlates with the recent Bitcoin price fluctuations and its inability to hold a stable support level. Bitcoin ETFs See Rising Redemptions Amid Uncertainty Redemptions from…
BlackRock ETF fund tracking Bitcoin and Ethereum remains one of the most valuable in the market. Despite YTD’s boost in ETF inflows, these coins are mildly stagnated in their price actions. The spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds have accounted for a sizable share of the global ETF inflow among funds launched this…
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant…
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant…
The digital assets investment products – led by BlackRock’s IBIT and ARK 21Shares Bitcoin ETF (ARKB) – registered a net cash outflow of $305 million last week. The widespread fear of further crypto capitulation in September has pushed more investors to take some profits and shield their capital. Stronger-than-expected economic data in the United States…
BTC’s price is down by nearly 10% on a weekly scale and this is perhaps no surprise given the substantial outflows seen from the spot Bitcoin ETFs in the States. ETH is in an even worse state weekly, while the spot Ethereum ETFs continue to struggle to capture investors’ interest. Bitcoin ETFs on a Negative…
August 31, 2024 at 02:30 AM GST updated: August 31, 2024 at 02:15 AM 2 mins read News Bitcoin ETFs in the U. S spot declined by $71.8 million indicating the first negative net flow in the history of the existence of these products. IBIT, which is a relatively new Bitcoin ETF, even had negative…
The iShares Bitcoin Trust (IBIT), issued by BlackRock, the world’s largest asset management firm, just recorded its first day of outflow in almost four months. Data from Farside Investors shows that IBIT investors withdrew $13.5 million from the fund on Thursday, August 29. The last time the BlackRock spot Bitcoin exchange-traded fund (ETF) recorded a…
A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally surpassing $70,000….
Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a robust $202.51 million in net inflows on Monday, marking the eighth consecutive day of positive movement in the sector. According to data from SoSoValue, the 12 Bitcoin-focused funds collectively attracted a substantial $756 million over the past eight trading days. …
Spot Bitcoin ETFs in the US saw an aggregate inflow of $202.6 million on Monday, Aug. 26, according to preliminary data from Farside Investors. This marks the second-largest day of inflows for the month and the eighth consecutive day in green for the investment products. Additionally, 12 of the past 14 trading days have seen…
Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler…
Alphabet Inc’s Google department is making great strides with its AI chatbot, Gemini. Among Large Language Model AIs (LLMs), it competes with the likes of ChatGPT, Meta AI, and X’s Grok. As such, CryptoPotato decided to inquire about what cryptocurrency could be the next to have an exchange-traded fund in the States to track its…
Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month…
August 24, 2024 at 05:48 PM GST 2 mins read News Hong Kong’s spot Bitcoin ETFs gained 274 bitcoins worth HK$2 billion, driven by significant inflows into the ChinaAMC Bitcoin ETF. Two ETFs managed by China and Harvest Asset Management control over 63% of Hong Kong’s Bitcoin ETF market, totaling HK$1.337 billion. Despite recent gains,…
According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded…
In a post on X on Aug. 21, Bitwise chief investment officer Matt Hougan said that Bitcoin ETFs are being adopted by institutional investors “faster than any other ETF in history.” He noted that spot Bitcoin ETFs “are the fastest-growing ETFs of all-time,” having amassed $17.5 billion in net flows since launching in January. Hougan…
Despite some increased volatility for the leading crypto, Bitcoin ETFs are still being bought by institutions, according to Bitwise. Indeed, the asset manager noted that institutional investors in the BTC ETFs have continued to increase. Specifically, the figure increased 14% in Q2 of this year. In a new report from the firm, crypto faces a…
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. According to analytical data from SoSoValue, this decreased daily traded volume is the third lowest after the February 5th and 6th records, which were $649.17 million and $692.11 million, respectively. Low Bitcoin ETF Trading Volume Yesterday’s…
Brett ($BRETT) exploded more than 30% as Binance Futures and Upbit announced token listing. Bitcoin Dogs ($0DOG) is also poised for listing on three major exchanges on August 21. Could the listing be a good opportunity to buy $BRETT and $0DOG? Brett ($BRETT), the top meme coin on Base, has surged by more than 30%…