On Wednesday, July 3, 2024, the 11 US-based spot Bitcoin exchange-traded funds (ETFs) experienced a modest daily net outflow of $20.5 million, according to data from Farside Investors. This development comes amid a notable decrease in overall trading volume. The day's trading activity was characterized by minimal movement across most ...
The U.S. spot Bitcoin ETF market began July with a significant boost, as net inflows reached a promising $129 million on the trading day ending Monday, July 1, 2024. According to data released by Farside Investments on Tuesday, July 2, Fidelity Investments' $FBTC led the charge with a $65 million ...
US Spot Bitcoin Exchange-traded funds (ETFs) have recorded positive net flows for three consecutive days, closing Wednesday, June 27, 2024, with a total net inflow of $21.5 million. This development marks a potential shift in investor sentiment towards these funds. According to data from SoSoValue, Fidelity Investments' $FBTC led the ...
VanEck advisor Gabor Gurbacs has expressed his backing for Bitcoin as a reserve asset plan. The investment strategist explained, in a post on X, that the United States Dollar has no better alternative, adding that “countries with depreciating fiat currencies” should consider venturing into Bitcoin as a reserve currency rather ...
Bitcoin could be entering an attractive buy zone, according to two popular metrics used by cryptocurrency analysts to track on-chain trading activity. The Market Value to Realised Value (MVRV) and Open Interest (OI) weighted funding rate metrics suggest that Bitcoin, currently priced at $63,968, could be at an enticing entry ...
Bitcoin has recovered from its recent dip to the $55,000 support level; according to Coin Market Cap data, it now trades at around $64,800. Also, in tandem with Bitcoin, the price of Ether (ETH) dipped to $2862 in the last few days but has recovered with a quick spike, reaching ...
BlackRock's Spot Bitcoin exchange-traded fund (ETF) stands out as the only ETF that has consistently attracted inflows since the start of March 2024. While some other ETFs haven't experienced outflows, they've also seen no new assets flowing into their portfolios. Data from Farside Investors reveals that the top 11 US ...
In just three months after the launch of spot Bitcoin ETFs in the U.S., Fidelity Investments' spot Bitcoin ETF, $FBTC, now has over 150,000 BTC in its portfolio. According to new data, the ETF accrued over 150,563 Bitcoin, equating to over $10.1 billion in assets under management. This development further ...
U.S. spot Bitcoin exchange-traded funds (ETFs) have rebounded with positive net flows after a recent period of negative flows, indicating a notable market shift. According to a report by BitMEX Research, ETFs recorded a total net flow of $15.7 million on March 25, 2024. Fidelity Investments's $FBTC and BlackRock's $IBIT ...
On Tuesday, March 19, 2024, United States Spot Bitcoin exchange-traded funds (ETFs) experienced a negative netflow of over $326 million, marking their largest collective outflow since inception, according to a report from BitMEX Research. According to the report, Grayscale Bitcoin Trust Shares ($GBTC) experienced the most substantial net outflow, totalling ...
