Tag: Bitcoin ETF
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Bitcoin Inflows Surge, While Ethereum Faces Minor Dip
Over the past two days, Bitcoin ETFs have witnessed a notable rise in inflows, signaling renewed investor confidence. Data reveals that Bitcoin ETFs recorded a net inflow of $23.4 million. Leading the pack was Fidelity, which added 503 BTC (worth $28.54 million), boosting its total holdings to 171,625 BTC. This brings the total value of…
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BlackRock Bitcoin ETF sees $13.5M in outflows.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, marking its first major loss in four months. This downturn follows similar outflows in May, where the fund saw losses totaling $36.9 million. The outflows are notable given the ETF’s popularity among retail traders seeking…
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Morgan Stanley’s 15000 Advisors Pitching Bitcoin ETFs Today
Starting today, Morgan Stanley’s wealth advisors can actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients, according to CNBC. The advisors will solicit investments into BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) from eligible clients. This marks a significant shift in the traditional finance industry’s approach…
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Capula Investment Management’s $464M Bitcoin ETF Holdings Drop Amid Declining Prices
Capula Investment Management, a prominent London-based hedge fund, has reported owning $464 million in spot bitcoin ETFs issued by BlackRock and Fidelity. This filing, reflecting the firm’s holdings as of June 30, was submitted to the U.S. Securities and Exchange Commission. Current Valuation Due to the recent decline in Bitcoin prices, Capula’s position in these…
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Bitcoin Price Breaks $66,000 Level: A Bullish Outlook Ahead
Bitcoin price has successfully broken the $66,000 level, marking a significant milestone in its recovery from the recent downturn. This breakthrough, supported by key Fibonacci retracement levels, is a strong indicator of potential bullish momentum. Key Insights from the Bitcoin Price Chart Bullish ETF Inflows help Bitcoin Price In addition to the technical indicators, bullish…
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US Bitcoin ETFs Near $16B Mark
Blackrock and Fidelity Lead Strong Inflows into US Bitcoin ETFs U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock’s IBIT and Fidelity’s FBTC led the day with $120.03 million and $115.14 million, respectively. Spot Bitcoin ETF Inflows Surge On Friday, U.S. spot bitcoin ETFs experienced…
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Bitcoin ETF Market Rebound
On July 5, the spot Bitcoin ETF market saw a notable resurgence, with a net inflow of $143.1 million. This brought the cumulative net inflow to $14.76 billion and $2.81 billion in total value traded, marking the highest inflow for the month after two days of continuous outflows. Impact of Bitcoin Price Drop The drop…