On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another high-activity trading session, pulling in $458.54 million in gains. Meanwhile, ether ETFs also saw inflows, with $24.22 million moving into the nine funds. U.S. Bitcoin and Ether ETFs Absorb Millions – A Key Shift in Market Dynamics Data from sosovalue.xyz showed that $458.54 million was…
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Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while…
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Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value…
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Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million…
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As interest in bitcoin exchange-traded funds (ETFs) heats up, a new report from blockchain analytics firm Glassnode examines how much bitcoin is actually available for purchase. The report, titled “How Many Bitcoin Are For Sale?” published on June 26, 2023, looks at exchange flows and onchain metrics to gauge bitcoin demand and supply dynamics. Bitcoin…
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Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.”…
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Binance CEO Changpeng Zhao said self-custody is a “fundamental human right,” while Michael Saylor said self-custody is necessary to prevent powerful actors from accumulating and abusing power. Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX. In a Nov.…
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