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While Bitcoin (BTC) has had a volatile few days, institutional demand for the largest cryptocurrency continues to grow. BlackRock’s Bitcoin ETF (IBIT) in particular has once again made significant strides, continuing its long inflow streak and demonstrating its dominance in the sector. As reported by Senior ETF Analyst Eric Balchunas, the fund has seen approximately $5.175 billion in monthly inflows and now boasts $84.08 billion in assets under management. This makes IBIT the second-best exchange-traded fund (ETF) in terms of monthly inflows, surpassed only by Vanguard S&P 500 ETF (VOO). ETF inflows. Source: Eric Balchunas (@EricBalchunas) Can BlackRock become number one? While BlackRock’s performance is already remarkable, some investors believe it could gain even momentum, especially in light of the new regulatory shifts proposed by the U.S. Securities and Exchange Commission (SEC). Namely, on July 29, the SEC increased the maximum number of opti...

Despite the fears in the immediate aftermath of the spot Bitcoin (BTC) exchange-traded fund (ETF) approvals, MicroStrategy (NASDAQ: MSTR) – rebranded as just Strategy – has been a major winner of 2024. Despite rallying more than 420% from $63 on January 2 of the year to the price of $289 on its final day and at one point hitting the highs near $421, more recent MSTR stock performance has been less certain. The long period of consolidation, per the technical Analysis (TA) conducted by the on-chain expert Ali Martinez on X, is nearing its end, and Strategy shares could soon make a massive move. Picks for you SingularityNET and Mind Network unveil ASI Hub, a decentralized AI security platform 57 mins ago XRP's push to $3 in j...

BlackRock’s IBIT Bitcoin ETF saw a record $332 million net outflow on Thursday, the largest since its launch a year ago. BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds over $53 billion in net assets, reported $332.6 million in net outflows on January 3, exceeding the previous record of $188.7 million in net outflows that happened on Christmas Eve. BlackRock's IBIT ETF saw a record outflow after a banner year — a net $333M left it on Jan. 2 amid on a third consecutive day of outflows. Its longest losing streak is not necessarily alarming, as it could have been due to portfolio rebalancing or profit taking. #Bitcoin #crypto — EarnBIT (@Earnbit2) January 3, 2025 IBIT experienced $2.26 billion in trading volume yesterday, based on SoSoValue data. Neal Wen, the Head of Global Business Development at Kronos Research, said that investors “often rebalance their portfolios to align with asset allocation targets.” “The large outflows fro...

BlackRock’s iShares Spot Bitcoin ETF has exceeded its iShares Gold Trust in assets under management. The IBIT Bitcoin trust has reached $33.1 billion, with the recent US election being a catalyst for investor inflows and Bitcoin prices. JUST IN: BlackRock's #Bitcoin ETF is now larger than its Gold ETF. — Watcher.Guru (@WatcherGuru) November 8, 2024 On election night in the US, Bitcoin climbed to a new all-time high as the voting returns favored Donald Trump. The former President and new president-elect has been open about his support for Bitcoin and cryptocurrencies, calling himself the “crypto president.” As a result of the newfound hype around Bitcoin in November, interest in the asset and other cryptocurrencies has risen. While Gold (XAU/USD) has also recently seen an all-time high, Bitcoin quickly eclipsed it as one of the most popular non-fiat assets in the world. BlackRock’s ETFs display this change, as its Spot Bitcoin ETF has now surpassed its Gold...

Bitcoin (BTC) markets are seeing significant activity as Japan considers approving Bitcoin ETF s following successful launches in other big economies. Despite recent price swings, large holders known as whales are buying more BTC, showing faith in the cryptocurrency’s future. This trend aligns with growing interest in Bitcoin ETF s and shifting market patterns. Also Read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 Japan’s Bitcoin ETF Approval Ignites Whale Buying Frenzy Source: CryptoDisrupt SBI Holdings and Franklin Templeton Partnership SBI Holdings and Franklin Templeton are joining forces to: Create a cryptocurrency management company Launch a Bitcoin ETF once regulators approve Leverage Franklin Templeton’s know-how from U.S. Bitcoin and Ethereum ETFs This team-up could reshape Japan’s crypto landscape, bringing it in line with global trends. Whale Accumulation Amid Price Volatility Recent price changes have not deterred large Bitcoin holders. On-ch...

Following the recent approval of the Spot Ethereum ETFs last month, one analyst has predicted that the investment vehicle will capture as much as 20% of Spot Bitcoin ETF flows. Indeed, cryptocurrency exchange Bitfinex’s head of derivatives, Jag Kooner, predicted the performance of the ETH offering. Both Ethereum and Bitcoin represent the only two crypto-based ETFs in the United States. Moreover, since its approval in January, BTC has had one of the most successful exchange-traded products in the country’s history. Now, there is the expectation that Ethereum could capture a fifth of the flows going into the Bitcoin offering. Source: Watcher.Guru Also Read: Can Ethereum ETFs Garner High Demand Like Bitcoin ETF s? Ethereum ETF to Capture 10%–20% of Bitcoin ETF Flows With the midpoint of 2024 fast approaching, the year has seen the digital asset sector climb to the forefront. Dominating discussions within finance, crypto-based ETFs have been a massive part of ...

Singapore-based crypto asset management firm Matrixport says Q1 will be a challenging quarter for Bitcoin, although anticipates a positive outlook by the end of 2024. As Bitcoin (BTC) fell back to the $39,000 area, the largest cryptocurrency by market capitalization is likely to face a challenging quarter ahead, according to a recent report from Matrixport. Matrixport highlighted that institutional interest in a spot Bitcoin exchange-traded fund (ETF) was not as robust as initially anticipated. Additionally, investors in Grayscale‘s Bitcoin Trust are seemingly capitalizing on the price gains of GBTC, contributing to the challenges faced by Bitcoin. You might also like: Analyst: Grayscale Bitcoin Trust sellout has clear reasons Analysts at Coinbase Research, however, continue to believe that the ETFs could “set the foundation for new derivatives markets in the traditional financial world, although it’s still as of yet unclear whether these will be subject to ...

As Bitcoin keeps outperforming traditional safe-haven assets like gold or bonds, providers of spot Bitcoin exchange-traded funds (ETFs) are likely to double down on their new products. Bitcoin’s (BTC) asymmetric returns and low correlation could serve as “solid support” for the recently launched spot Bitcoin ETFs, given that institutional players are likely to continue fueling the ongoing enthusiasm for crypto ETFs. In a research report, analysts at Kaiko noted that the largest cryptocurrency by market capitalization has accumulated over $2 billion in net inflow since spot ETFs launch on Jan. 10, signaling a growing investor appetite for Bitcoin as a safe-haven asset amid broader market uncertainties. Bitcoin correlation with Nasdaq 100 | Source: Kaiko You might also like: ProShares Bitcoin ETF trading declined over 70% since spot Bitcoin ETF launch The 60-day correlation between BTC and the Nasdaq 100 index has seen a significant decline over the p...

Spot Bitcoin exchange-traded fund issuers accumulated an additional 10,667 Bitcoin (BTC) to their holdings by the fifth trading day, paralleling an uptick in trading volumes. According to data from the X account CC15Capital Bitcoin worth approximately $440 million was acquired by funds taking part in recent ETF approval. BlackRock’s ETF made the most considerable purchase with 8,700 BTC on Jan. 17, valued at nearly $358 million. FINAL Day 5 Update for 1/17 #Bitcoin ETF Holdings$GBTC finally posted their data, showing 10,824 $BTC outflow. On a net basis, ETFs bought 10,667 #Bitcoin on Day 5. Ready for 1/18 reports $IBIT $FBTC $ARKB $BITB $BRRR $BTCO $HODL $EZBC $BTCW $DEFI $GBTC pic.twitter.com/WFEkvStjBc — CC15Capital (@Capital15C) January 18, 2024 Collectively, nine ETFs, excluding Grayscale, have amassed close to 68,500 BTC since their inception, now valued at around $2.8 billion. The recent acquisitions of Bitcoin by various ETFs have been counterbalanced by ong...

The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list Bitcoin (BTC) exchange-traded funds. The filing broke during the late hours of Jan. 10 before briefly disappearing, likely due to large traffic on the SEC’s website. “As described in more detail in the Proposals’ respective amended filings, each Proposal seeks to list and trade shares of a Trust that would hold spot bitcoin, in whole or in part. This order approves the Proposals on an accelerated basis .” SEC approval of spot BTC ET...

Speculations about the ETF approval’s potential effects on Bitcoin (BTC) have been widespread. Greeks.live, an options platform, provides insights into how the exchange-traded fund could influence the value of the leading cryptocurrency. Potential Bitcoin ETF approval imminent The U.S. Securities and Exchange Commission (SEC) is reportedly set to inform asset managers seeking to launch a spot Bitcoin (BTC) ETF about the approval status of their applications as early as next week. A seasoned trader, renowned for accurately predicting the year’s crypto breakout, now provides insights on Bitcoin’s optimal trajectory post potential approval of spot market BTC exchange-traded fund applications (ETF). DonAlt, the pseudonymous analyst, says a prolonged consolidation period would be the most favorable scenario for Bitcoin after potential ETF approval. According to The Daily Hodl, he anticipates a “sell-the-news” reaction to the upcoming ETF announcement on Ja...

Bitcoin ETF applicants submit S-1 filings as euphoric market pours into Pullix presale JPMorgan, Jane Street named brokers in Bitcoin ETF S-1 filings. Pullix presale has attracted more than $2 million just weeks after its launch. The countdown to the first spot Bitcoin exchange-traded fund (ETF) approved for the US market is now down to just days. This is after BlackRock, Valkyrie, Fidelity and several other applicants submitted their final S-1 amendments on deadline day Friday, December 29. Elsewhere in the market, a market bullish on crypto going into 2024 has poured into the presale of new hybrid exchange Pullix. JPMorgan, Jane Street named APs in final Bitcoin ETF filings A proper countdown for a spot Bitcoin ETF approval by the SEC has been on for months. For most analysts, Grayscale’s legal victory against the regulator marked the turning point. Now consensus is the SEC will approve the first batch of spot Bitcoin ETFs early January – pro...

Bitwise Asset Management has withdrawn its application for a Bitcoin and Ethereum Market Cap Weight Strategy ETF. Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) and Ether (ETH) Market Cap Weight Strategy exchange-traded fund. It was initially filed with the U.S. Securities and Exchange Commission on Aug. 3. This decision follows a period of increased optimism in the crypto market after Grayscale secured approval for its own ETF from the SEC. Bitwise’s Chief Investment Officer, Matt Hougan, had expressed support for the SEC’s approval of crypto ETFs in a previous interview with Bloomberg. The planned ETF was designed to invest in futures contracts for either Bitcoin or Ethereum, guided by their respective market capitalizations. In addition, Bitwise was concurrently collaborating with ProShares to initiate another ETF. The company’s official statement on the withdrawal noted, “The Trust no longer intends to seek effectiveness of...

Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate advertisement Following the Ark Invest deadline, the US SEC has the first deadlines lined up in the first week of September 2023 for Bitcoin ETF s for the likes of Blackrock, VanEck, Wisdomtree and Bitwise. US SEC To Prepone Actions On ARK Invest Bitcoin ETF? According to Bloomberg analyst James Seyffart, the Ark Invest ETF decision could be out any time after August 11, 2023, two days in advance of the original deadline. This is because the scheduled deadline August 13 falls on Sunday. Hence, Seyffart believes that a decision could be out anytime after Friday post-market close. “The next SEC deadline for Bitcoin ETF s is ARK Invest’s on 8/13. That’s a Sunday so we should see a decision by tomorrow. My bet is after market close tomorrow. We are fully expecting a DELAY.” Recommended Articles ...

Galaxy Digital’s CEO, Mike Novogratz, emphasizes the transformative potential of a spot bitcoin ETF in rejuvenating institutional interest. Despite the hurdles faced by the crypto industry in 2022, mainly underscored by the collapse of FTX, Galaxy Digital remains optimistic about the future of Bitcoin and the broader crypto space. CEO Mike Novogratz highlighted during the company’s recent Q2 earnings call that a spot Bitcoin ETF might become the beacon of hope that revives institutional interest in the sector. Lately, there has been widespread speculation about the government’s position on Bitcoin(BTC). Yet, the possible green light for a Bitcoin ETF might be perceived as an implicit nod of approval, bolstering confidence and involvement in the industry. Such a fund would streamline the process for various institutional players, from pension funds to asset managers, to invest in this volatile yet promising domain. Galaxy Digital CEO Mike Novogratz calls Coinbas...