Bitcoin, the leading cryptocurrency, is currently navigating a period of uncertainty after recovering from a significant dip on August 5, triggered by a downturn in Japan’s stock market. Despite this recovery, Bitcoin has faced challenges in sustaining an upward trajectory, hovering between $60,000 and $62,000 and struggling to break past
Despite withdrawals in early August, demand in spot Bitcoin exchange-traded funds (ETFs) based in the US has persisted. Despite outflows in prior weeks, spot Bitcoin ETFs had a total weekly net inflow of $32.58 million on Aug. 16, according to data from SoSoValue. Net outflow of spot Bitcoin ETFs hit
On Thursday, spot bitcoin ETFs had inflows of $11.1 million, while U.S. spot ether ETFs witnessed net outflows of $39.2 million. The $42.5 million that left Grayscale’s ETHE fund shows that outflows have persisted. Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum exchange-traded funds,
The US Spot ETFs over the last few months have begun to witness declining activity. While the spot Ethereum ETFs are attempting to stage a revival, the spot Bitcoin ETFs have failed to do so. Meanwhile, the two cryptocurrencies have struggled to surpass their current price levels. According to Sosovalue
Goldman Sachs, a massive financial institution, disclosed its holdings in the second quarter in a Form 13F filing. According to the SEC filing, the massive financial institution holds holdings in seven separate US Bitcoin exchange-traded funds. The filing reveals that Goldman Sachs has an incredible 7 million shares, or $238
On Monday, $4.9 million poured into U.S. spot Ethereum ETFs, while the Grayscale Ethereum Trust (ETHE) witnessed its first day of trading with zero flows since converting into an ETF. After three days of negative flows, the net inflows of the nine ether ETFs was recorded, according to statistics from
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
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
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
