In the days ahead of the highly anticipated US FOMC meeting, when the central bank was expected to lower the interest rates, local investors were on a shopping spree for spot Bitcoin ETFs. However, that changed when the day arrived. Bitcoin ETF Outflows CryptoPotato reported yesterday the impressive streak for the four trading days leading…
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…
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…
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…
The Ethereum price underwent a 20% pullback in the past couple of weeks as the bulls failed to hold the levels above $2,700. Although they have confirmed a rebound from the lower support zone, the bearish influence over the token does not appear to have faded yet. Therefore, the second-largest token is expected to face…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The US spot Bitcoin ETF market has seen a strong resurgence, ending an eight-day streak of negative flows. According to data provided by SoSoValue, the total daily inflows recorded is $117 million. Spot Bitcoin ETF Inflow – Fidelity Leads The standout performer among the ETFs was Fidelity’s FBTC, with…
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….
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…
WisdomTree’s withdrawal highlights regulatory hurdles in crypto ETF approvals. The move may reshape investor expectations for Ethereum-based investment products. WisdomTree, a prominent asset management firm, has withdrawn its S-1 registration filing for the WisdomTree Ethereum Trust. The firm declared in a filing with the US Securities and Exchange Commission. The S-1 filing was intended to…
Top investment asset management firm VanEck has decided to cease and liquidate its Ethereum ETF Futures (EFUT) listed on the Chicago Board Options Exchange (CBOE). This is not entirely positive news for Ethereum, considering it has struggled in the last few weeks. Following the news, Ethereum’s price dropped by 6.1% in the last 24 hours…
The post VanEck Closing Its Futures ETH ETF: What You Need to Know appeared first on Coinpedia Fintech News A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm’s strategy amid evolving market conditions. The firm has been operating this ETF for less…
VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024. The EFUT saw low asset accumulation as compared to VanEck’s spot Ethereum ETF. Generally, Ethereum is facing challenges from competition and reduced network revenue and fees. VanEck is set to close its Ethereum Strategy ETF (EFUT) by September 16, 2024, with liquidation expected…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Monochrome Asset Management has officially applied to the Chicago Board Options Exchange (CBOE) Australia to launch an Ethereum (ETH) exchange-traded fund (ETF). According to the filing, the proposed ETF, IETH, is being pursued in collaboration with Vasco Trustees Limited. ETH Price Could Rally Up If Monochrome ETF is Approved…
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…
According to current market trends, ETH has been on a downward spiral in the past 24 hours. With its price dropping by nearly 3%, it’s now trading at $2,447.52 at the time of writing this article. The sell-off is attributed to the movement of a large amount of Ethereum to crypto exchange Binance. This price…
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…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 On August 28, the Ethereum Exchange Traded Funds (ETFs) in the U.S. made a significant comeback, recording a total net inflow of $5.8 million. This positive turn marks the conclusion of nine days of continuous net outflows. This notable shift signifies that institutional and retail investors recognize the benefits…
The US spot Ethereum ETF market recorded a net inflow of $5.84M. BlackRock’s ETHA ETF witnessed the largest one-day inflow of $8.40 million. After the nine consecutive days of outflows, the US Spot Ethereum ETFs witnessed a net inflow of $5.84 million. The inflows were led by BlackRock’s ETHA and Fidelity’s FETH. Conversely, Grayscale’s ETHE…
BlackRock launches Ethereum ETF (ETHA39) in Brazil via BDR on B3 stock exchange. Initial trading price set between R$40-R$50 with first-year fees halved to 0.12%. Brazil now has 15 crypto-linked ETFs. BlackRock has expanded its cryptocurrency product portfolio in Brazil by launching the iShares Ethereum Trust (ETHA) via a share receipt (BDR) on the B3…
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…
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days….
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…
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…
Ethereum struggles to break the $3,000 resistance level despite new U.S. spot ETFs. ETH saw a 2% increase in the past 24 hours, moving from $2,538 to $2,662. As new spot exchange-traded funds (ETFs) enter the U.S. market, Ethereum, the second-largest cryptocurrency by market cap, continues to grapple with substantial difficulties. Despite recent efforts to…
The price of ether (ETH) has plummeted more than 20% in the past month despite the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Since their inception, the funds have witnessed substantial outflows, further weakening ether’s price. According to the latest edition of the Bitfinex Alpha report, Ethereum ETFs have failed to…
As the market turned bearish, meme coins on Solana – once notorious for their explosive popularity – are now seeing a decline. This appears to have adversely affected Solana-based investment products which experienced record outflows of $39 million over the past week due to a sharp drop in meme coin trading volumes. According to the…