Bitcoin ETFs attract almost $500M in net inflows, propelling BTC price to $71,767 and nearing its all-time high

1 min read

Investor trust in US spot Bitcoin ETFs has significantly increased, as seen by 17 consecutive days of positive net flows. Fidelity’s FBTC was the top performer, generating $221 million, while Blackrock’s iShares Bitcoin Trust (IBIT) came in second with $155 million. Ark Invest and 21Shares’ ARKB ETFs received $71 million in investments, Bitwise’s BITB ETF got $19 million, and Grayscale Bitcoin Trust (GBTC) had $15 million in net inflows. The

Fidelity’s FBTC leads a surge as US spot Bitcoin ETFs attract $105 million in daily inflows

1 min read

Fidelity’s FBTC was the top recipient of $105 million in inflows for the US spot Bitcoin ETF on June 3, 2024. These Exchange-Traded Funds (ETFs) have had 15 consecutive days of capital inflows, suggesting strong investor interest. As of June 3, SoSoValue has reported $13.96 billion in net inflows from 11 Bitcoin ETFs licensed in the United States. Within the last 24 hours, a total of $105 million was allocated

BlockDAG’s Keynote 2 Release: Presale Nears $40.8 Million, Outpacing Ethereum Price Prediction & BlackRock Bitcoin ETF

4 mins read

BlockDAG’s latest presale is shaking up the crypto market. Fueled by the release of Keynote 2 from the moon, it has raised $40.8 million. Amid this achievement, Ethereum price predictions show bullish trends, and BlackRock Bitcoin ETF attracts massive inflows.  BlockDAG’s presale is in Batch 16 at $0.0095, selling over 10.6 billion BDAG coins. Miner sales have added another $3 million to this success. The excitement around BlockDAG is palpable,

JP Morgan and Wells Fargo reveal investments in Bitcoin ETFs, signaling growing bank interest

1 min read

JP Morgan and Wells Fargo recently disclosed their stakes in Bitcoin ETFs, showcasing the growing acceptance of the cryptocurrency by well-established financial organizations. On May 10, prominent financial institutions revealed these assets in their 13F filings, demonstrating a consistent pattern of embracing Bitcoin. JP Morgan allocated a total of $731,246 towards various Bitcoin exchange-traded funds (ETFs), including a specific investment of $477,425 in BlackRock’s IBIT. Wells Fargo acquired $141,817 worth

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway

1 min read

Market expert Gareth Soloway has issued a warning, predicting that Bitcoin’s price could fall to $15,000 if there is a significant stock market sell-off, despite notable investments from whales. Soloway from reflected on Bitcoin’s (BTC) historical trends, highlighting moments such as the introduction of Bitcoin futures in 2017 and Coinbase’s public listing in 2021. In addition, he sees the potential approval of Bitcoin spot exchange-traded funds (ETFs) in the

Hong Kong is Set to Receive First Spot Bitcoin ETFs and Stablecoin

2 mins read

Hong Kong is preparing to expand its crypto market infrastructure this year, with plans to implement Bitcoin exchange-traded funds (ETFs) and stablecoin regulations. Harvest Fund (HFM), a China-based asset manager, has applied with the Hong Kong Securities and Futures Commission to launch a spot Bitcoin ETF on or after February 10th, the Lunar New Year holiday. While information about the Harvest Fund Bitcoin ETF is limited, reports indicate that Hong

Digital Asset Investment Products Witness $500 Million Outflows; Bitcoin ETFs Remain in Focus

1 min read

Last week, digital asset investment products experienced a $500 million outflow, with Bitcoin-indexed exchange-traded products (ETPs) accounting for nearly 96% of the total outflows, according to asset manager CoinShares’ recent publication. Bitcoin, a key player in this scenario, saw outflows of $479 million, indicating that investors are cautious. Conversely, short positions in Bitcoin saw increased interest, with total inflows approaching $11 million. Ethereum, Polkadot, and Chainlink all experienced outflows of

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

1 min read

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition

Hong Kong Eyes Debut of Spot Crypto ETFs by Mid-2024

1 min read

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of 2024. Key players in Hong Kong’s crypto exchange landscape, including OSL Hong Kong and HashKey, are actively investigating this development. Gary Tiu, an executive at OSL Hong Kong, predicts that spot crypto ETFs will make their debut in the city within the coming months. According to

BlackRock Denies Launching XRP ETF Amid Speculations

1 min read

Recent rumors about BlackRock’s plans to launch an XRP ETF have been debunked, with confirmation that the world’s largest asset manager has no plans to introduce a spot XRP exchange-traded fund. Larry Fink, BlackRock’s CEO, made comments that sparked speculation, prompting the clarification. BlackRock recently entered the cryptocurrency space, launching the iShares Bitcoin Trust, a spot Bitcoin ETF. The company has also filed for a spot Ether ETF called iShares

BlackRock’s Bitcoin ETF Reaches $1 Billion AUM Milestone Amid Crypto Market Correction

1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading. This makes BlackRock the first Bitcoin ETF provider to reach this significant AUM milestone. IBIT, which has $1 billion in assets under management, began trading on January 12, indicating strong investor interest in the newly launched bitcoin ETF. Robert Mitchnick, BlackRock’s Head of Digital Assets, expressed enthusiasm for the achievement

BlackRock targets rich baby boomers with simple and clear Bitcoin ETF ads

1 min read

BlackRock is making waves in the rapidly expanding market for Bitcoin Exchange-Traded Funds (ETFs) with its understated and straightforward advertising strategy. The company recently launched the iShares Bitcoin Trust ETF (IBIT) and chose a unique approach that stands out among its competitors’ flashy and complex campaigns. Unlike the typical high-energy and visually intricate Bitcoin advertisements, BlackRock’s promotional video is calm and straightforward. A BlackRock executive explains Bitcoin and the newly