Tag Archives: bitcoin etf

CoinspeakerVanEck Slashes Spot Bitcoin ETF Fee from 0.25% to 0.20% to Obtain Competitive Edge The majority of US spot Bitcoin ETF issuers have set their sponsor fee between 0.19% and 0.25%, but the high competition could easily cause further lowering in the near term. VanEck Slashes Spot Bitcoin ETF Fee from 0.25% to 0.20% to Obtain Competitive Edge

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent...

In contrast to Bitcoin-tracking exchange-traded funds (ETFs), gold-tracking ETFs have witnessed significant outflows this year. On February 14, Eric Balchunas, an analyst at Bloomberg Intelligence, disclosed that gold ETFs in the top 14 rankings have experienced a combined outflow of $2.4 billion since January. Gold ETFs Experience $2.4 Billion Outflows BlackRock’s iShares Gold Trust Micro and iShares Gold Trust experienced significant outflows, with $230.4 million and $423.6...

Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day. ETFs’ Impact on BTC’s Price...

CoinspeakerBitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows Bitcoin crossed $52,000 and seems ready for more increase as spot ETFs receive more large inflows, with BlackRock and Fidelity leading. Bitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows

CoinspeakerBitcoin Surpasses $51K, BTC Reaches $1T Market Capitalization Optimism about Bitcoin price prospects is palpable among industry figures. Arthur Hayes has predicted a BTC climb to $70,000 by year-end, emphasizing his bullish stance on Bitcoin's prospects. Bitcoin Surpasses $51K, BTC Reaches $1T Market Capitalization

CoinspeakerBitcoin Traders Anticipate Bullish Price Jump to $64,000 as BTC Spot ETFs Continue to Accumulate Heavy Inflows Bitcoin is now poised to scale its all-time high as traders are bullish, and anticipate a price jump following the performance of spot ETFs. Bitcoin Traders Anticipate Bullish Price Jump to $64,000 as BTC Spot ETFs Continue to Accumulate Heavy Inflows

Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance in the crypto’s supply. Demand for Bitcoin Products is 10x the Supply In an interview with CNBC, Saylor noted that...

CoinspeakerBitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000 The inflow recorded by spot Bitcoin ETFs nearly surged to $500 million yesterday, as the price of Bitcoin hit a level not seen for 2 years. Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome before eventually claiming the target. According to the popular on-chain intelligence platform Intotheblock, Bitcoin is eyeing the $50,000 mark...