U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday. Bitcoin ETFs Experience Outflows as Ethereum ETFs Rise Above On Oct. 2, 2024, the 12 U.S.-based spot bitcoin ETFs…
September 29, 2024 at 07:23 AM GST updated: September 28, 2024 at 07:41 PM 3 mins read News iShares Bitcoin Trust leads the market with $21.3 billion AUM and a low 0.03% bid-ask spread. Grayscale’s ETHE ETF, with $4.2B in AUM, offers Ethereum exposure but with a high 2.5% fee. ProShares BITO provides income generation…
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…
El Salvador-based activist and founder of My First Bitcoin, John Dennehy highlighted the evolution of Bitcoin (BTC) in three years. On X, the crypto enthusiast recalled being in San Salvador on September 6, 2021, just a day before it became legal tender in El Salvador. On September 7, 2021, El Salvador, under the leadership of…
September 8, 2024 at 04:00 AM GST updated: September 8, 2024 at 02:25 AM 2 mins read News Grayscale’s overall assets under management have dropped below $20 billion because of substantial ETF redemptions. GBTC had a $280 million outflow in one week, which indicates a declining market and cautious investors. The crypto fund market has…
September 6, 2024 at 11:46 AM GST 2 mins read News Bitcoin ETFs saw outflow of $211 million on September 5, showing a change in investor view. $FBTC led the outflows with $149 million withdrawn, highlighting a significant change in investor confidence. The $IBIT fund remained stable with no negative flows, standing out after withdrawals…
This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF…
Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million in outflows. The token continued its sideways trajectory despite the negative net flows and memecoin’s trading activity decline…