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...
Read More »Bitcoin Falls Below 200-Day Simple Moving Average to $57K
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Read More »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...
Read More »CryptoQuant Shares Ultimate Bitcoin (BTC) Price Support to Avoid Major Correction Ahead
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Read More »Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
The US Securities and Exchange Commission (SEC) might approve the latest tweaks about the spot Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their final stages. While speaking to several industry insiders, Reuters observed that eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, are closing in on the final stages. Many of these firms launched spot Bitcoin ETFs in January after a decade-long struggle...
Read More »US Spot Bitcoin ETFs See 7th Consecutive Day of Outflows Streak
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Read More »Bitcoin Bears the Brunt of Growing Pessimism With $630M Outflows
Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...
Read More »Here’s How Much Outflows the Spot Bitcoin ETFs Saw Last Week as BTC Drops 3%
Most US-based spot Bitcoin ETFs have started to see substantial withdrawals and the total amount has shot up to more than $500 million in the past week alone, even though it was just a four-day trading week. These developments have undoubtedly harmed BTC’s price movements, which have been closely related to the ETF flows. Spot ETF Outflows Skyrocket Ever since mid-January, when the US SEC reluctantly approved nearly a dozen spot Bitcoin ETFs, these financial vehicles have...
Read More »Bitcoin Price Down 2.3% as US Spot BTC ETFs Registers 5 Consecutive Days of Net Cash Outflows
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Read More »Hashdex Files For Dual Bitcoin And Ethereum Spot ETF
Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and Exchange Commission (SEC) to list shares of the Hashdex Nasdaq Crypto Index US ETF. “The assets of the Trust will consist of bitcoin and...
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