Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — is expected to approve the country’s first spot Bitcoin exchange-traded funds (ETFs) later this year, Bloomberg has reported, citing people familiar with the matter. The surge in spot Bitcoin ETF applications follows the approvals in the United States. The 11 spot BTC funds in […]
Spot Bitcoin exchange-traded funds (ETFs) saw crypto investors withdraw funds for the third day straight on April 26th, 2024. According to SoSoValue, over $83 million left these funds that day. The largest Bitcoin fund, GBTC, lost around $82 million alone. Since becoming an exchange-traded fund in January, GBTC has seen investors withdraw a massive $17 billion. Source: […]
Exchange-traded funds (ETFs) witness an exceptional influx, with capital inflows surpassing previous monthly and quarterly records. This surge propelled assets under human-guided investment strategies beyond $750 billion, potentially signifying a shift in investor sentiment favouring such actively managed approaches, according to the Financial Times. Active ETFs saw a record inflow of 65.6 billion in the first quarter […]
The recent net outflows from Bitcoin ETFs appear to stabilize, even as redemptions persisted for five days as of March 23, 2024. However, the outflow magnitude moderated due to continued Bitcoin accumulation from institutional giants like BlackRock. According to analyst Thomas Fahrer, the world’s biggest asset manager, BlackRock, bought 12,500 bitcoins this week. Many experts […]
Stanford University’s student-run Blyth Fund has made a major investment in Bitcoin, allocating almost 7% of its portfolio to Bitcoin. Kole Lee, a Computer Science Major and a prominent figure in the Stanford Blockchain Club announced the decision on March 5. This followed his compelling pitch to the fund in February. Stanford Endowment has bought […]
Bitcoin’s recent price rally has not only gripped the attention of investors globally but also rekindled liquidity in the cryptocurrency space. According to Kaiko’s latest report, Bitcoin ETFs received record weekly inflows amounting to a whopping $2.45 billion. This injection of funds increased Bitcoin’s market capitalization to over one trillion dollars for the first time since […]
The crypto asset management giant Grayscale has been grappling with a persistent outflow from its spot Bitcoin ETF. Despite a noticeable slowdown, data suggests there is room for further significant withdrawals. Recent Bianco Research and Farside research shows that a massive $7 billion has flowed out of Grayscale’s Bitcoin investment product since it converted to […]
In the cryptocurrency investment world, Bitcoin exchange-traded funds (ETFs) have hit new record highs, surpassing even the most positive of expectations. Thomas, the Co-founder of the Bitcoin tracking platform Apollo, took to Twitter to announce the staggering surge in net inflows, revealing that in just four days, more capital had poured into Bitcoin ETFs than in the […]
The fast-moving world of crypto investments had a record-breaking week for inflows, with a massive $1.1 billion flooding into digital asset investment products last week. Data from CoinShares showed the lion’s share, 98%, of this tidal wave of investment, was gobbled up by the ever-dominant Bitcoin. This surge in inflows marks a substantial uptick, bringing the year-to-date […]