Spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed a significant surge on July 12, with inflows surpassing $310 million—the highest since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows, bringing in $120.03 million and $115.14 million respectively, as per information from SoSoValue. The Bitwise Bitcoin ETF (BITB) followed with $28.42 million,...
Heading into the first half of 2024, crypto investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. According to Bloomberg, Bitcoin (BTC) has lost about 13% in value since March, after sharp surges of 67% and 57% in previous quarters. Amid the decline in the price...
The outflow of investments in digital assets for the fourth week in a row amounted to $251 million. According to CoinShares data, the week from April 27 to May 3 marked the first time there were any measurable outflows from newly issued U.S. ETFs. The average purchase price of the underlying ETF asset since launch is $62,200 per...
All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics would ever happen again. Balchunas emphasized that despite the previously recorded outflow of capital from spot Bitcoin ETFs and Bitcoin’s (BTC) fall below $60,000, more...
The Bitcoin funding rate has gone negative for the first time since October 2023. Citing data from CryptoQuant, the negative rate traders pay to open new long positions in the perpetual futures market underscores the moderation of Bitcoin demand after a record demand for BTC in March. In March, the price of Bitcoin reached a new all-time high at...
The U.S. SEC has again postponed its decision on applications for spot Bitcoin ETF options. According to a recent filing, the SEC delayed its decision to launch options trading on the Bitcoin ETF while requesting public comment. The SEC said comments must be provided within the next 21 days and rebuttals within 35 days. The agency has questioned whether options on spot Bitcoin ETFs should...
On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day. During this period, Bitcoin funds received $153.29 million from inflows. Source: SoSo...
On April 22, the net daily capital inflow into spot Bitcoin ETFs was $62.09 million. According to SoSo Value, the top spot in capital inflows on April 22 was taken by the Fidelity Bitcoin Spot ETF (FBTC) crypto fund. It added $34.83 million to its balance sheet, bringing funds under management to $8.18 billion. Source: SoSo Value The...
Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...
Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...
