Category: ETFs
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Bitcoin ETFs record second-best inflow day since March, $886.6m added
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US-based Bitcoin exchange-traded funds (ETFs) saw their second-best combined inflow day ever, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, Fidelity Wise Origin Bitcoin Fund (FBTC) led an inflow of $378.7 million, followed by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. The ARK…
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Bitcoin ETFs record second-best inflow day since March, $886.6m added
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US-based Bitcoin exchange-traded funds (ETFs) saw their second-best combined inflow day ever, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, Fidelity Wise Origin Bitcoin Fund (FBTC) led an inflow of $378.7 million, followed by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. The ARK…
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Here’s How Much Spot Bitcoin ETFs Have Contributed to BlackRock and Fidelity’s 2024 Inflows
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BlackRock and Fidelity’s bitcoin exchange-traded funds (ETFs) have emerged as major contributors to the company’s total ETF flows this year. According to data from Bloomberg Intelligence, these Bitcoin ETFs accounted for 26% and 56% of BlackRock and Fidelity’s year-to-date inflows, respectively. Bitcoin ETF data BlackRock’s iShares Bitcoin Trust (IBIT) and…
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Here’s How Much Spot Bitcoin ETFs Have Contributed to BlackRock and Fidelity’s 2024 Inflows
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BlackRock and Fidelity’s bitcoin exchange-traded funds (ETFs) have emerged as major contributors to the company’s total ETF flows this year. According to data from Bloomberg Intelligence, these Bitcoin ETFs accounted for 26% and 56% of BlackRock and Fidelity’s year-to-date inflows, respectively. Bitcoin ETF data BlackRock’s iShares Bitcoin Trust (IBIT) and…
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Goldman Sachs: Bitcoin ETFs Are an ‘Astonishing Success’
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Goldman Sachs is taking an increasingly positive tone on Bitcoin, calling its new spot Bitcoin exchange-traded funds an “amazing success” after years of skepticism. Just in: ?? Goldman Sachs says #Bitcoin The approval of the European Training Foundation was A “A major psychological turning point” It was an “amazing success”.…
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Big Week for Spot Bitcoin ETFs, Meme Coin Mania Reaches Celebrities, and More: This Week’s Crypto Recap
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News and developments on the spot Ethereum ETF front dominated the previous week, while Bitcoin ETFs dominated the current week. After the launch of all U.S. Bitcoin ETFs in early January, it was almost inevitable that BlackRock’s product would overtake Grayscale’s, which had already converted from the previous BTC Trust.…
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Spot XRP, Cardano, Solana ETFs Are ‘Inevitable’: Ripple CEO
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At the ongoing Consensus 2024 conference, Ripple CEO Brad Garlinghouse said I expressed Strong confidence in the approval of the XRP spot exchange-traded fund (ETF) in the US, along with potential spot ETFs for other major altcoins such as Solana and Cardano. His statement comes at a pivotal time as…
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Spot XRP, Cardano, Solana ETFs Are ‘Inevitable’: Ripple CEO
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At the ongoing Consensus 2024 conference, Ripple CEO Brad Garlinghouse said I expressed Strong confidence in the approval of the XRP spot exchange-traded fund (ETF) in the US, along with potential spot ETFs for other major altcoins such as Solana and Cardano. His statement comes at a pivotal time as…
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Ripple CEO talks stablecoins, DC shift, ETFs
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Ripple CEO Brad Garlinghouse said there is a massive shift in the outlook for cryptocurrencies in the capital, and regulations could spur an inevitable boom in the stablecoin market. Speaking at the 2024 Consensus Conference, Garlinghouse emphasized the impact of cryptocurrencies on the upcoming election to determine the next US…
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Research Firm Predicts Ethereum Explosion To $15,000 With ETFs
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said Michael Nadeau, founder of The DeFi Report published An in-depth look at the implications of the approval of exchange-traded funds (ETFs) for Ethereum (ETH) on the cryptocurrency’s price trajectory. This analysis comes on the heels of significant regulatory approval from the US Securities and Exchange Commission (SEC), which approved…
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Could Ethereum Outshine Bitcoin With New US Spot ETFs? Traders Bet Big
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Ethereum is currently at the top of traders’ minds, driven by recent regulatory developments in the United States. Anticipation of approval of exchange-traded funds (ETFs) for Ethereum has ignited a rally in its value. ETH price has so far seen a notable uptrend of over 20% in the past weeks,…
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Spot ETFs On A Tear For 8 Straight Days
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The floodgates have opened for Bitcoin In the US, where Bitcoin exchange-traded funds (ETFs) saw a record eight days of consecutive net inflows. This increase in investor appetite, totaling more than $150 million in a single day, signals a new era in cryptocurrency accessibility and traditional market acceptance. Ethereum enters…
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Spot ETFs On A Tear For 8 Straight Days
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The floodgates have opened for Bitcoin In the US, where Bitcoin exchange-traded funds (ETFs) saw a record eight days of consecutive net inflows. This increase in investor appetite, totaling more than $150 million in a single day, signals a new era in cryptocurrency accessibility and traditional market acceptance. Ethereum enters…
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Spot Ether ETFs not the boon industry thinks
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While the SEC’s approval of Ethereum ETFs may provide some clarity on Ethereum’s non-security status, experts believe it could lead to unwanted repercussions on the ecosystem. After months of deliberations and delayed decisions, the US Securities and Exchange Commission (SEC) has accepted spot ETHs. However, this approval is currently limited…
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Spot Ether ETFs not the boon industry thinks
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While the SEC’s approval of Ethereum ETFs may provide some clarity on Ethereum’s non-security status, experts believe it could lead to unwanted repercussions on the ecosystem. After months of deliberations and delayed decisions, the US Securities and Exchange Commission (SEC) has accepted spot ETHs. However, this approval is currently limited…
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Why Is ETH Price Falling Despite SEC Approving All Spot Ethereum ETFs?
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Ethereum (ETH) price. It failed to achieve any significant rise after the approval of the Securities and Exchange Commission (SEC). Ethereum ETFs. This is undoubtedly surprising, given that the approval was expected to lead to a massive rise in the prices of the second largest cryptocurrency token. Why ETH price…
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Why Is ETH Price Falling Despite SEC Approving All Spot Ethereum ETFs?
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Ethereum (ETH) price. It failed to achieve any significant rise after the approval of the Securities and Exchange Commission (SEC). Ethereum ETFs. This is undoubtedly surprising, given that the approval was expected to lead to a massive rise in the prices of the second largest cryptocurrency token. Why ETH price…
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Spot Bitcoin ETFs See Straight 9 Days of Inflows
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US Bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for the ninth straight day of gains. This represents the longest inflows since mid-March, when products saw 10 consecutive positive days. The immediate appetite for Bitcoin ETFs reflects their tremendous success since their launch earlier this…
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Spot Bitcoin ETFs See Straight 9 Days of Inflows
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US Bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for the ninth straight day of gains. This represents the longest inflows since mid-March, when products saw 10 consecutive positive days. The immediate appetite for Bitcoin ETFs reflects their tremendous success since their launch earlier this…
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SEC greenlights spot Ether ETFs, but Ether price shows little movement
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The price of Ethereum has barely budged despite the US Securities and Exchange Commission (SEC) giving the green light for a faster launch of Ethereum exchange-traded funds (ETFs) in the US. Prior to the landmark approval by the SEC, Ethereum fell by 3.4%, and rebounded by about 5% shortly after.…