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US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains

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U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack The 11 spot bitcoin ETFs had a … Read more

Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs

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Market strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback, resulting in less spot conversion. Bernstein Analysts Highlight Tokenization … Read more

Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

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At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC Leads Outflow as Bitcoin ETFs See Continued Decline On Monday, another day of outflows hit … Read more

Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs reported $1.16 billion in trade volume … Read more

US Bitcoin ETFs See Fourth Day of Outflows, Totaling $152M

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $152.42 million leave on Tuesday, bringing the cumulative total net inflows to $14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs Another day of trading brought losses for spot bitcoin … Read more

US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday

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U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs … Read more

Bitcoin Sees Surge In Buying Interest Amid Volatile Market Movements

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Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months. This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets. There are two primary ways FOMO and greed manifest in Bitcoin trading: 1. Price Surges: Traders rush … Read more

Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

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Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other … Read more

Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether

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Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth Hong Kong’s spot bitcoin and ether ETFs have been active for 44 days since their launch. … Read more