Browsing:ETFs

Bitwise stands alone with a $12M inflow as other Bitcoin ETFs face stagnant investments
14 hours ago 1 min read

Bitwise stands alone with a $12M inflow as other Bitcoin ETFs face stagnant investments

Bitwise crypto index fund manager is the only Bitcoin ETF with recent inflows, while others saw no new investments or withdrawals. In a market where BlackRock, Fidelity, and Grayscale saw no new money, Bitwise’s Bitcoin ETF (BITB) garnered $12 million on May 8. After regulatory clearance in January, Bitcoin ETFs saw over $11.77 billion in inflows, but interest has since dropped. Notably, BlackRock’s ETF was among the top five inflows at $3.1 billion. JMP Securities analysts predicted $220 billion in inflows that could quadruple Bitcoin’s price to $288,000. However, market growth prospects have dimmed. On April 24, BlackRock’s IBIT saw

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings
3 weeks ago 1 min read

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings

Grayscale launches the “Grayscale Bitcoin Mini Trust,” a cheaper Bitcoin trust with a 0.15% charge. This launch attempts to strengthen its status amid market instability and the Bitcoin halving event. After a week of net outflows, U.S. spot Bitcoin ETFs had positive inflows on Monday, April 22, 2024. Furthermore, these ETFs received $62 million in inflows that day, according to SoSoValue. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $34.83 million inflow, while other funds performed well. Even while other stocks were up, the Grayscale Bitcoin Trust ETF (GBTC) lost $35 million. Overall, spot Bitcoin ETFs had a net

Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records
2 months ago 1 min read

Bitcoin ETFs trading volume soars but face a setback, hinting at market volatility

Last week, Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records, which resulted in large investment flows. On the other hand, a decline took place at the end of the week, showing that net investments in a group of ten funds based in the United States turned negative. Although Grayscale Investments’ fund had significant withdrawals, BlackRock’s iShares Bitcoin ETF (IBIT) received approximately $203 million in investments. However, Grayscale Investments’ fund experienced a net withdrawal of $140 million. Although this was the case, the overall weekly influx continued to be strong, reaching almost $1.7 billion, making it

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