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Tag Archives: bitcoin etf

Reversal: Merrill Lynch, Wells Fargo Begin Offering Bitcoin ETFs To Clients

Leading U.S. investment platforms Meryll Lynch and Wells Fargo are now offering clients access to Bitcoin spot ETFs despite initially hesitating on the move. As reported by Bloomberg, the firms are offering the ETFs to certain wealth management clients who specifically request the product, which allows clients to directly invest in BTC through an ETF wrapper. Merrill Lynch Embraces Bitcoin Last month, Merrill Lynch, the investment management division of Bank of America, was...

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BlackRock Bitcoin ETF Smashes Daily Inflow Record, Ranks 2nd In United States

BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021. The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion. BlackRock Breaking Record By comparison, Fidelity’s...

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Bitcoin ETFs Could Grow Larger Than Gold ETFs Within Two Years: Bloomberg

Could Bitcoin ETFs become larger investment vehicles than gold ETFs? Bloomberg analysts say it might happen in as quickly as under 24 months. Will Bitcoin Pass Gold? In a post to X on Monday, Bloomberg ETF analyst Eric Balchunas outlined how Gold ETFs have been gutted in recent weeks precisely as Bitcoin ETFs have absorbed over $5 billion of inflows following their launch last month. In a note co-authored with Andre Yapp of Bloomberg Intelligence, the analysts wrote: “The...

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Spot Bitcoin ETFs’ Momentum Stalls: Inflows Dip Despite Prior Surge

After an impressive run, spot Bitcoin ETFs appear to have hit a snag as inflows saw a minor reduction. Lookonchain’s latest analysis reveals a concerning trend in the cryptocurrency market as Bitcoin ETFs experience a significant decrease in inflows. Bitcoin Inflows Hit Snag According to the provided data, only 18,477 BTC, equivalent to $951 million, were added across 8 ETFs from 12th February to 16th February, marking a stark contrast to the previous week’s influx of 47,961...

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US Spot Bitcoin ETFs Surpass $50B Cumulative Trading Volume 

Spot Bitcoin exchange-traded funds (ETF) have surpassed a staggering $50 billion cumulative trading volume since trading started in the United States on January 11. The milestone, achieved on Thursday, February 22, marks a 76.68% surge from the 28.3 billion cumulative volume recorded at the beginning of the month, according to data from BitMEX Research. $50B Cumulative Volume from Spots BTC ETFs Specifically, on Thursday, spot Bitcoin ETFs saw a cumulative volume worth $1.2...

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Retail Traders Still Missing: Can They Push Bitcoin’s Price to New ATH Soon?

Bitcoin’s price has been on the run for the past several months, having surged from under $20,000 to over $50,000 since June 2023. While that was mainly driven by the anticipation and the subsequent approval of nearly a dozen spot Bitcoin ETFs in the States, it seems retail traders are still not present, which begs the question of whether their arrival could propel another price surge for the asset in the next few months. How Did We Get Here? Data from Google Trends shows the...

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Interest in Bitcoin Surges in Australia Following Spot BTC ETF Approval in the US: Study

Following the Securities and Exchange Commission’s (SEC) approval of the first eleven spot Bitcoin Exchange Traded Funds (ETFs) in the United States last month, Australian retail interest in Bitcoin has experienced a surge. The development has grabbed Australian investors’ attention, with 34% acknowledging awareness of the news. This has increased confidence in Bitcoin, with 25% of locals holding a more positive view following the ETF approval. Increased Ownership and...

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