Bitcoin ETF

BlackRock seeks to amend its Bitcoin ETF

September 25, 2024 1 min read

BlackRock, the global asset management firm, has submitted an update for its Bitcoin ETF (IBIT) in response to apprehensions regarding Coinbase’s custodial methods. Investors have expressed concerns regarding the transparency of Coinbase’s management of Bitcoin, leading to requests for on-chain verification that all ETF-related transactions are accurately resolved. BlackRock demanded that Bitcoin withdrawals from Coinbase be executed within 12 hours, citing apprehensions around the utilization of “paper BTC” or Bitcoin

BlackRock’s Bitcoin ETF saw minimal inflows in September

September 20, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) encountered tepid inflows in September, although there was an increase in Bitcoin’s price. The trust secured only $6.76 million, reflecting a prudent stance among investors. Despite an almost 5% increase in Bitcoin’s value, Bitcoin ETFs faced substantial withdrawals, totaling $155.3 million across the industry. On September 16, BlackRock’s IBIT experienced a transient inflow of $15.82 million, countered by a prior outflow of $9.06 million, culminating

Bitcoin ETFs see $1.2 billion outflow in just eight days as Bitcoin’s price drops over 18%

September 11, 2024 1 min read

Bitcoin ETFs in the US have undergone a notable decrease, with net outflows amounting to $1.2 billion in the last eight days. This signifies the most extended duration of uninterrupted withdrawals since their inception in early 2024. From late August to early September, investors withdrew substantial amounts from the 12 spot Bitcoin ETFs available on US marketplaces. This withdrawal aligns with a wider reduction in Bitcoin values, which has experienced

The US Bitcoin ETFs see over $106 million outflow

August 29, 2024 1 min read

Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s IBIT did not register any outflows. The total net inflow for Bitcoin ETFs remains positive

Goldman Sachs now manages $419M in Bitcoin ETFs

August 14, 2024 1 min read

Goldman Sachs has expanded its participation in digital assets, overseeing a total of $419 million in Bitcoin exchange-traded funds (ETFs) according to its statement with the Securities and Exchange Commission (SEC). This action is consistent with a broader pattern observed among financial institutions that are adopting digital assets. The objective is to offer clients the opportunity to invest in the expanding crypto market by means of different ETF holdings. The

BlackRock’s IBIT leads the ETF pack with over $157 million in net capital

August 10, 2024 1 min read

Farside Investors reports that BlackRock’s iShares Bitcoin Trust (IBIT) has established a dominant position in the market, boasting a net capital of more than $157 million. WisdomTree’s Bitcoin fund (BTCW) saw a significant influx of nearly $118 million in a single day, marking its highest inflow since its establishment. Since its introduction in January, BTCW has faced difficulties in competing with other Bitcoin ETFs since its net capital has never

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

June 7, 2024 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

June 5, 2024 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

June 5, 2024 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

May 13, 2024 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

January 31, 2024 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 verifiedinvesting.com 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

January 30, 2024 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