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Wall Street's Banking Giants Load Up On Bitcoin, Ethereum ETFs: Here's What JPMorgan, Goldman Sachs And Morgan Stanley Hold
Monday, November 18, 2024 - 3:49am | 634Global investment banks revealed significant positions held in cryptocurrency-related exchange-traded funds (ETFs) and Bitcoin (CRYPTO: BTC) stock MicroStrategy Inc. (NASDAQ:MSTR), according to their latest 13F filings with the SEC. JPMorgan Chase JPMorgan Chase & Co., the world’s largest...
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Bitcoin ETFs Saw Record $1.38 Billion Inflows On Thursday
Friday, November 8, 2024 - 10:02am | 644Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date. What Happened: BlackRock's (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs,...
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Detroit Becomes First Major US City To Accept Taxes And Fees In Crypto; Mayor Says, 'Fostering a Technology-Friendly Environment' (UPDATED)
Friday, November 8, 2024 - 9:29am | 613Note: This story has been updated with additional information. Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees, top officials from the city said in a Thursday press release. What Happened: Residents would have the option to use...
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Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research
Friday, November 8, 2024 - 8:53am | 842The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last...
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What The US Election Means For The Future Of Crypto ETFs
Tuesday, November 5, 2024 - 3:44pm | 443ETF Store President Nate Geraci suggested that the outcome of the U.S. election could significantly affect the ETF industry, particularly for crypto-related products. What Happened: Geraci opined in a blog post for etf.com on Tuesday that, the new administration and Congress will influence key...
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Bitcoin, Ethereum ETFs Record Over $600 Million Net Outflows Ahead Of Election Day
Tuesday, November 5, 2024 - 9:29am | 740Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May...
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Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings
Monday, November 4, 2024 - 2:39pm | 552The Michigan State Pension Fund has invested $10 million in Grayscale's Ethereum ETFs (NYSE:ETHE), making it one of the top holders of the product. What Happened: According to an SEC filing, this investment surpasses Michigan's $7 million allocation in Bitcoin (CRYPTO: BTC) ETFs, marking a notable...
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Grayscale's Bitcoin, Ethereum Funds See $750M Inflows In 3 Months
Tuesday, October 29, 2024 - 11:51am | 461Grayscale Investments announced on Tuesday that its newly launched Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded products (ETPs) have attracted significant investor interest, recording inflows exceeding $750 million since their respective launches in July 2024. What Happened: The...
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Bitcoin ETFs Vs Ethereum ETFs: Why Does ETH Keep Underperforming?
Monday, October 28, 2024 - 3:00pm | 518CryptoQuant analyst Maartunn has flagged a notable divergence between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs, advising a cautious stance towards the latter. What Happened: Maartunn took to X to highlight the difference in netflows between Bitcoin and Ethereum ETFs. Bitcoin ETFs have...
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Bitcoin Spot ETF Nets $79M Outflow After 7-Day Inflow Streak
Wednesday, October 23, 2024 - 9:01am | 702Bitcoin spot ETFs recorded a net outflow of $79.09 million on Tuesday, marking the first outflow after a consistent inflow streak over the past seven days. What Happened: BlackRock‘s (NASDAQ:IBIT) ETF, showed a gain of $42.9 million on Oct. 22, while ARK Invest‘s (CBOE: ARKB) ETF saw a...
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Bitcoin Spot ETF Sees $294M Inflow, Extending 7-Day Streak Amid Growing Market Confidence
Tuesday, October 22, 2024 - 10:07am | 551Bitcoin spot ETFs on Oct. 21 continued their strong momentum, registering a net inflow of $294 million, marking the seventh consecutive day of inflows. What Happened: Leading the charge, BlackRock's (NASDAQ:IBIT) ETF saw an impressive $329 million in inflows, while other major players showed mixed...
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BlackRock's Bitcoin ETF Gobbles Up $1B This Week, Fidelity Leads Among Ethereum ETFs With $31M
Friday, October 18, 2024 - 10:31am | 643BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto to a 10% seven-day gain. What Happened: According to data from SoSo Value, spot bitcoin ETFs in the U.S. garnered $470 million on...
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Bitcoin Spot ETFs Saw $555.8M Net Inflows On 'Monster' Monday
Tuesday, October 15, 2024 - 9:08am | 654U.S. Spot Bitcoin (CRYPTO: BTC) ETFs witnessed a $555.8 million surge in inflows on Monday, with ten out of 12 ETFs reporting net inflows. What Happened: The Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) led the inflows, attracting $239.25 million. Bitwise Bitcoin ETF (NYSE:BITB) followed with $100...
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Bitcoin Dips Below $62,500 As Spot ETFs Book $235M Net Inflows
Tuesday, October 8, 2024 - 9:21am | 630U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds saw significant inflows, totaling $235.19 million on Monday, bucking the trend of net outflows in the previous week. What Happened: According to The Block, Fidelity‘s (BATS:FBTC) led the charge with $103.68 million in inflows. BlackRock...
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Bitcoin, Ethereum ETFs Saw $147M Net Outflows, Chances Of Second 50-Basis-Point Interest Rate Cut Evaporate
Monday, October 7, 2024 - 9:25am | 642Digital asset investment reported $147 million in outflows last week, driven by stronger-than-expected economic indicators that have diminished the likelihood of substantial rate cuts. What Happened: According to CoinShares on Monday, spot Bitcoin ETFs saw total net outflows of $159 million, while...