Wednesday saw a return to positive flows for the U.S.-based spot bitcoin exchange-traded funds, which reported net inflows of $45.14 million. In the previous three trading days, over $554 million departed from spot bitcoin ETFs. Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT, according to SoSoValue statistics. Then, WisdomTree’s
Leading altcoin Ethereum found itself falling to the $2K level during the recent market price dip. In the last few days, the token following Bitcoin showed recovery signs but has struggled to break key resistance levels. Meanwhile, the community witnessed crucial regulatory activity with announcements from the FCA. Notably, Ethereum
A Hong Kong-based virtual bank is considering expanding into spot trading markets after launching crypto exchange-traded fund trading for clients. The first virtual bank to provide direct trading of spot Bitcoin ETFs and Ether ETFs on its platform, Mox, a subsidiary of Standard Chartered, made history on August 7 when
Net outflows of $148.5 million were recorded by U.S. spot bitcoin exchange-traded funds on Tuesday, continuing their bearish outlook. With $64.48 million, Fidelity’s FBTC was the most heavily-affected bitcoin fund yesterday, according to statistics from SoSoValue. The converted GBTC fund run by Grayscale had withdrawals of $32.18 million, while the
BlackRock and Nasdaq have filed with the SEC to add options trading to the iShares Ethereum Trust (ETHA). Final SEC approval is anticipated by April 9, 2025, with pending approvals from the OCC and CFTC. This move, disclosed in a regulatory filing, aims to enhance market dynamics and provide investors
While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs. For two consecutive days, U.S.-based spot Ether ETFs have recorded
Today, the spot Bitcoin ETFs saw significant inflows, reviving their previous surge in popularity. With an incredible $191 million inflow, Grayscale’s Mini BTC Trust ETF stands out among the others. As for the spot Ether ETFs, they kept seeing market volatility, with Grayscale’s ETH ETF seeing ongoing withdrawals. As of
The possibility of Solana-based exchange-traded funds (ETFs) has emerged as a topic of heated discussion. VanEck’s Head of Digital Assets Research, Mathew Sigel, has taken a bullish stance, suggesting that Solana ETFs could materialize sooner than anticipated. This optimistic outlook stands in stark contrast to the more conservative approach adopted
Another large outflow of $77.2 million occurred on Wednesday, July 31, in Spot Ethereum ETFs. Although there was a recovery on Tuesday, this indicates that the declining trend in flows has persisted. Furthermore, the Federal Reserve’s decision to leave interest rates steady is accompanied by these outflows, which indicate a
As the crypto market evolves, several key players are making headlines. BlockDAG‘s visionary path drives impressive presale success, with CEO Antony Turner sharing insights into the network’s innovative features and future goals. With its current achievements, BlockDAG is positioning itself as the next crypto to hit $1 by 2024. Meanwhile,
