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Tag Archives: bitcoin etf

Bitcoin ETF Inflows Hit 5-Week High as Spot Markets’ Recovery Continues

The total inflow to the ten U.S. spot Bitcoin ETFs reached $310 million, or 5,361 BTC, on Friday, July 12. This is the largest inflow to the derivatives products since June 5, according to Farside Investors. Moreover, it is the sixth consecutive day of positive flows, indicating that institutional investors have been buying the bottom of the recent market correction. The total inflow for the past week has topped a billion dollars, and the products have not seen an outflow...

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Shiba Inu (SHIB) ETF: The Pros and Cons According to Team Member

TL;DR The SEC approved spot Bitcoin and Ethereum ETFs in 2024, generating excitement for future crypto ETFs, including Shiba Inu (SHIB). A SHIB ETF could make investing easier and increase demand, but it is also focused on centralized control and additional fees. The Pluses 2024 has been quite fruitful in terms of groundbreaking events surrounding the cryptocurrency industry. For instance, the US Securities and Exchange Commission (SEC) finally greenlighted spot Bitcoin...

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Australia’s ASX Welcomes Another Bitcoin ETF with DigitalX Launch

DigitalX Limited, a digital asset fund manager, announced today the successful approval and upcoming launch of its spot Bitcoin ETF on the Australian Securities Exchange (ASX). The new spot Bitcoin ETF, under the ticker “BTXX,” will start trading on Friday, July 12, 2024, at 10:00 AM AEST. DigitalX Teams Up with K2 Asset Management and 3iQ DigitalX has partnered with ASX-listed K2 Asset Management, which will serve as the Responsible Entity and issuer for the ETF. K2 brings...

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Back on Track: Spot Bitcoin ETFs Draw $295M on July 8th, Matching June’s High Inflows

The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...

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US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat

The US spot Bitcoin ETFs experienced a net outflow of $20.45 million on Wednesday. Interestingly, only two of them showed activity amid market uncertainty. Grayscale’s GBTC saw a $26.99 million exit, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB, and VanEck’s HODL, reported no flows. US Bitcoin ETFs’ Market Momentum Wanes According to data compiled by SoSoValue, trading volume for these 11 funds reached around...

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Will the ETH Price Surge Following ETFs Launch? Gemini Outlines the Possibilities

Investors are eagerly awaiting the launch of spot Ethereum ETFs this month. But reports of delays appear to have vexed investors. But once spot Ethereum ETFs hit the floor, these new products are estimated to attract net inflows of $3-$5 billion within the first six months of trading, according to a recent report published by crypto exchange Gemini. Ethereum ETFs Poised For Massive Influx Gemini’s analysis suggests that the introduction of spot Ethereum ETFs in the US could...

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