On Thursday, after recording negative flows the previous day, spot bitcoin exchange-traded funds in the US experienced daily net inflows of $39.02 million. Ark and 21Shares’ ARKB had the most net inflows yesterday, with $18.34 million flowing into the fund, according to SoSoValue statistics. Net inflows to Fidelity’s FBTC were
In the wake of Bitcoin and Ethereum spot ETF approvals in the United States, the cryptocurrency community has turned its attention to Solana as the potential next contender in the ETF race. As the fifth-largest cryptocurrency by market capitalization, Solana’s unique position in the crypto ecosystem has sparked discussions about
Over the last eight days, a total of $1.2 billion has been removed from eleven different spot bitcoin exchange-traded funds (ETFs) in the US. According to Bloomberg statistics released on September 9, investors pulled about $1.2 billion out of the eleven spot Bitcoin (BTC) exchange-traded funds (ETFs) from August 30
Bitcoin (BTC) and Ethereum (ETH) are two cryptocurrencies known for affecting the trajectory of the digital market. As such, a leading analyst in the metaverse has made bold predictions for these cryptocurrencies and their prices. According to this analyst, a surge in the prices of Bitcoin (BTC) and Ethereum to
The crypto market remains volatile as the two leading giants, Bitcoin (BTC) and Ethereum (ETH), struggle to gain traction. Bitcoin (BTC) has fallen sharply below crucial resistance, extending its bearish trend into September, while Ethereum has stayed below its All-Time High (ATH). On the other hand, ETFSwap (ETFS), a new
Ethereum ETF Futures (EFUT) will be discontinued and liquidated by the prominent investment management company VanEck. The price of ETH, which was already experiencing a period of erratic trading due to a general market decline, has taken a huge hit. Among the many factors given by the ETF provider for
Net withdrawals of $211.15 million were recorded by U.S. spot bitcoin exchange-traded funds on Thursday, marking their seven-day streak of negative flows. SoSoValue data shows that out of all the spot bitcoin ETFs, Fidelity’s FBTC had the most outflow, totaling $149.49 million. Bitwise’s BITB then had a net loss of
In an official press release, Monochrome, an Australian asset management firm teamed up with entity partner Vasco Trustees Limited, an investment management group, has officially applied to quote the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia. The new fund is structured to offer exposure to Ethereum, further enhancing Monochrome’s
Tuesday was the latest day of negative flows for U.S. spot bitcoin exchange-traded funds. On Tuesday, the 12 spot bitcoin ETFs had net withdrawals of $287.78 million. The most negative flows since May 1, according to data from SosoValue. The biggest bitcoin exchange-traded fund (ETF) by net assets, IBIT, which
Crypto traders have inclined their attention towards Bitcoin in the past month anticipating for price recovery. The cryptocurrency, on the other hand, showed redundant struggles to break resistance beyond $65K. Prices have consolidated at the $59K level since August. In the last 24 hours, Bitcoin prices revisited support levels at
