Lưu trữ cho từ khóa: Bitcoin ETF

Bitcoin

Spot Bitcoin ETFs record over $2.1b inflows in five-day streak, breaking $20b mark

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Spot Bitcoin exchange-traded funds recorded their fifth consecutive day of inflows on Oct. 17 led by BlackRock’s IBIT for the third straight session.

The combined inflows of the 12 spot Bitcoin ETFs reached an impressive $470.48 million on the day, marking a cumulative total of over $2.1 billion in inflows over the last five trading days.

According to data from SoSoValue, BlackRock’s IBIT ETF led the inflow surge, attracting $309 million on Oct. 17. This performance marked IBIT’s leadership for the third consecutive day.

While BlackRock’s IBIT ETF led the pack, other major players also contributed to the ongoing inflow streak. ARK Invest and 21Shares’ ARKB ETF saw $100.2 million in inflows, while Grayscale’s GBTC ETF attracted $45.7 million.

Additional support came from Fidelity’s FBTC, which recorded $11.96 million in inflows, and Franklin Templeton’s EZBC, with $3.88 million. However, seven other spot Bitcoin ETFs remained neutral with no inflows recorded on Oct. 17.

With these continued inflows, the total net inflows into the spot Bitcoin ETFs crossed the $20 billion mark, standing at $20.66 billion as of Oct. 17.

In an Oct. 17 X post, Bloomberg ETF analyst Eric Balchunas emphasized the importance of this achievement, noting that crossing the $20 billion threshold is one of the most challenging and critical metrics in the ETF world. He compared this milestone to gold ETFs, which took around five years to reach the same level.

ETF Store president Nate Geraci echoed these sentiments, describing the current inflow trend as a “vacuuming up” of capital.

Spot Bitcoin ETFs surpassing $20 billion in cumulative inflows coincides with Bitcoin’s price rising above the key $65,000 level, a milestone that investors have been eagerly awaiting since the price fell below it on Sept. 30.

At press time, Bitcoin (BTC) was trading at $67,839, having experienced a 0.7% increase over the past 24 hours. Its intraday price ranged between $66,738 and $68,159, continuing the bullish momentum in the market.

Spot Ethereum ETFs see modest gains

Meanwhile, Ethereum-focused ETFs have also witnessed positive inflows. On Oct. 17, the nine available spot Ethereum ETFs recorded a combined $48.41 million in inflows, building on the previous day’s $24.22 million.

Fidelity’s FETH and BlackRock’s ETHA ETFs led the charge, attracting $31.12 million and $23.56 million, respectively.

Other contributors included Grayscale’s Ethereum Mini Trust, 21Shares’ CETH, Biwise’s ETHW, and Invesco’s QETH, with inflows of $5.13 million, $2.33 million, $1.49 million, and $518.64K, respectively.

Despite these recent gains, spot Ethereum ETFs have experienced a cumulative total net outflow of $481.9 million to date, reflecting the more volatile nature of the asset in the current market environment. At the time of writing, Ethereum (ETH) was trading at $2,619.

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Theo Crypto News

DeFi

Spot Bitcoin ETFs on three-day outflow streak, Ether ETFs rebound

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Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity.

According to data from SoSoValue, the 12 spot Bitcoin ETFs registered outflows totaling $120.76 million on Oct. 10, a notable jump from the previous day’s outflows of $40.56 million.

Fidelity’s FBTC ETF led the wave of Bitcoin ETF outflows, with $149.5 million exiting the fund after a day of zero net flows. Other major funds followed suit, including ARK and 21Shares’ ARKB with $30.30 million in outflows and Bitwise’s BITB shedding $6.16 million.

Even BlackRock’s IBIT, the largest Bitcoin ETF by net assets, broke its five-day inflow streak with an outflow of $10.83 million, reflecting a broader cooling of investor appetite for Bitcoin exposure.

Grayscale, another significant player in the ETF space, saw both its GBTC and Grayscale Bitcoin Mini Trust log outflows of $18.52 million and $21.16 million respectively. Despite these negative flows, six other Bitcoin ETFs remained neutral, neither contributing to the outflows nor seeing fresh investor interest.

Market fears drive sell-off and liquidations

The surge in BTC outflows coincided with a 3% drop in Bitcoin’s (BTC) price, which hit a three-week low of $58,900, before recovering slightly to $60,602. The drop followed unexpected U.S. inflation data that reignited fears of the Federal Reserve pausing interest rate cuts, adding pressure to the cryptocurrency market.

This decline also sparked $198.6 million in liquidations across the market, affecting over 59,000 traders, according to data from Coinglass. Bitcoin’s long positions accounted for $53.3 million of those liquidations, while Ethereum traders lost $31.6 million in the same period.

As the sell-off progressed, fear grew across the cryptocurrency market. The closely-watched Crypto Fear and Greed Index dropped to 32, marking its lowest level since mid-September and firmly placing the market sentiment in the “fear” zone.

Ethereum ETFs attract modest inflows amid BTC downtrend

In contrast to Bitcoin, Ethereum ETFs saw a small but notable uptick. Nine spot Ethereum ETFs recorded net inflows of $3.06 million on Oct. 10, reversing a prior day of zero net flows.

BlackRock’s ETHA led the charge, attracting $17.85 million in fresh capital. Grayscale’s Ethereum Mini Trust followed with inflows of $3.34 million, marking its first positive flows since September 27.

However, these gains were partially offset by outflows from Grayscale’s ETHE, Bitwise’s ETHW, and Fidelity’s FETH, which saw redemptions of $10.37 million, $4.23 million, and $3.54 million respectively. Four other Ethereum ETFs remained neutral, contributing neither inflows nor outflows.

At the time of writing, Ethereum (ETH) was trading at $2,414, moving sideways in a market largely dominated by Bitcoin’s volatility.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Spot Bitcoin and Ethereum ETFs experience joint outflow day

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Spot Bitcoin ETFs in the U.S. broke their two-day inflow streak on Oct 8, registering a day of negative flows, while spot Ether ETFs followed suit, logging outflows after a day of stagnation.

According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net outflows totaling $18.66 million, signaling a potential shift in investor sentiment amid a broader market slowdown. This decline comes after these funds collectively attracted an impressive $260.78 million in inflows over the previous two days.

Fidelity’s FBTC and Grayscale’s GBTC lead outflows

Fidelity’s Bitcoin ETF bore the brunt of the outflows, with $48.82 million exiting the fund on Oct. 8. This shift marks a stark contrast from the previous trading day when FBTC posted the highest inflows among all spot Bitcoin ETFs, gaining $103.7 million.

Grayscale’s Bitcoin Trust, another major player in the spot Bitcoin ETF market, added to the negative trend. After a day of no recorded activity, GBTC saw $9.41 million in outflows, continuing its challenging streak. Since its launch, GBTC has experienced $20.15 billion in cumulative outflows, making it a significant contributor to the sector’s overall negative momentum.

Despite the widespread outflows, BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, stood out as the sole ETF to register positive flows on the day. IBIT attracted $39.57 million in inflows, partially offsetting the overall negative trend.

The remaining nine spot Bitcoin ETFs remained neutral, with no recorded inflows or outflows on Oct. 8. However, total trading volume across all Bitcoin ETFs surged to $1.35 billion, a sharp increase from the previous day’s activity. Cumulatively, U.S. spot Bitcoin ETFs have drawn in a net total of $18.72 billion since their inception.

At the time of reporting, Bitcoin (BTC) was trading sideways, hovering at $62,230—a price level that may have contributed to the hesitation among investors to further engage with these funds.

Spot Ethereum ETFs follow Bitcoin’s downtrend

Spot Ethereum ETFs also mirrored Bitcoin’s performance, with outflows recorded across the market. The nine spot Ether ETFs saw net outflows of $8.19 million on Oct. 8, following a day of neutral activity.

Fidelity’s FETH and Bitwise’s ETHW were the most affected, with $3.65 million and $4.54 million in outflows, respectively. The remaining seven Ethereum ETFs reported no significant activity, maintaining zero flows.

In addition to the outflows, trading volume for Ethereum ETFs dropped significantly, falling to $102.37 million from $118.43 million the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $561.85 million since their introduction, reflecting persistent investor caution in the Ether market.

At the time of publication, Ethereum (ETH) was exchanging hands at $2,434.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Altcoin

Spot Bitcoin ETF inflows surge nine fold, Ethereum ETFs stall

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows, while Ethereum spot ETFs saw a complete standstill.

According to data from SoSoValue, the 12 spot Bitcoin ETFs logged inflows of $235.19 million on Oct. 7, a surge of over nine times compared to the $25.59 million inflows recorded the previous trading day.

Fidelity’s FBTC led the charge with $103.68 million in inflows, followed closely by BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, which saw $97.88 million. IBIT had reported zero flows the prior day, making its rebound notable.

Bitwise’s BITB continued its streak with $13.09 million in net inflows over three consecutive days, while Ark and 21Shares’ ARKB added $12.63 million.

Other Bitcoin ETFs also saw inflows, with Bitwise’s BITB logging $13.09 million, extending its three-day streak of net inflows. Ark and 21Shares’ ARKB followed closely with $12.63 million in net inflows, while VanEck’s HODL and Invesco’s BTCO reported more modest inflows of $5.37 million and $2.53 million, respectively.

Meanwhile, Grayscale’s GBTC and the remaining spot BTC ETFs recorded zero net flows on the day.

Total trading volume across the 12 Bitcoin ETFs saw a significant rise to $1.22 billion on Oct. 7 from the prior day’s levels. These funds have collectively attracted a net inflow of $18.73 billion since their inception.

Political and economic factors drive sentiment

The inflows coincided with Bitcoin’s (BTC) price recovery to $63,000, reflecting a 2% rise on Oct. 7 from the previous day. The positive market sentiment followed a brief decline triggered by escalating geopolitical tensions, notably the Iran-Israel conflict.

While these global uncertainties weighed on markets, Bitcoin’s recovery also seems tied to developments in the U.S. political landscape and broader economic trends.

Recent events, including a rally in Butler, Pennsylvania, where former President Donald Trump appeared alongside Elon Musk, may have buoyed optimism among investors. Musk’s endorsement of Trump’s candidacy invigorated political supporters, which some analysts believe spilled over into markets, creating a positive feedback loop for Bitcoin.

This rally, coupled with unexpectedly strong U.S. employment figures, has bolstered confidence in Bitcoin as investors assess the intersection of political, economic, and market trends.

Despite the significant inflows, Bitcoin’s price did not remain steady throughout the day. By the end of reporting on Oct. 8, Bitcoin had dropped 1.8% to $62,332, and the broader cryptocurrency market saw over $218 million in liquidations.

Ethereum ETFs log zero flow day

In contrast to Bitcoin, the spot Ethereum ETFs saw a quiet day. According to SoSoValue data, the nine spot Ethereum ETFs in the U.S. recorded zero inflows on Oct. 7, after registering modest net inflows of $7.39 million on the previous trading day. Trading volume for these ETFs also shrank significantly, dropping to $118.43 million from $148.01 million on the prior day.

Ethereum’s (ETH) price also reflected the broader market downturn, falling 2.9% to $2,417 at the time of reporting, as investors remained cautious despite the surge in Bitcoin-related products.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Spot Bitcoin ETF net outflows streak hits three days, totaling $361.2m

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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million.

According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.13 million on Thursday, Oct. 3, following the previous day’s $91.76 million withdrawal.

ARK 21Shares’ ARKB fund led the pack with $57.97 million in outflows, marking its fourth consecutive day of declines, with $212.1 million exiting the fund this week alone. Fidelity’s FBTC trailed closely with $37.21 million in outflows, despite experiencing a day of positive inflows earlier in the week.

BlackRock’s IBIT, the largest spot Bitcoin ETF by total net assets, bucked the trend by logging $35.96 million in inflows, bringing its total since launch to an impressive $21.5 billion.

Bitwise’s BITB and Invesco’s BTCO also recorded modest inflows of $2.65 million and $2.44 million, respectively. The remaining spot Bitcoin ETFs remained neutral on the day.

Total trading volume across the 12 Bitcoin ETFs saw a significant decline, dropping to $1.13 billion on October 3 from the prior day’s levels. Despite the recent outflows, these funds have collectively attracted a net inflow of $18.47 billion since their inception. Meanwhile, Bitcoin (BTC) was trading sideways at $61,213 at the time of reporting.

Spot Ether ETFs log $3.2m in outflows

The trend extended to U.S. spot Ethereum ETFs, which posted net daily outflows of $3.2 million. Grayscale’s ETHE led the outflows, with $14.69 million exiting the fund, followed by $587,090 in outflows from Fidelity’s FETH.

However, BlackRock’s Ethereum Trust ETHA counterbalanced some of the losses, registering $12.08 million in net inflows. The six remaining spot Ether ETFs remained static for the day.

Ether ETF trading volumes also fell sharply, with the nine funds recording $115.66 million in volume on Oct. 3, down from $197.82 million the day prior. Since their July launch, these ETFs have accumulated net outflows of $561.05 million. Ethereum (ETH) was trading at $2,381 at press time.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Analyst: Bitcoin ETF inflows surge over $1b last week, miners see rally

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Bitcoin ETFs saw record inflows as miners expanded operations — analysts from H.C. Wainwright link a BTC rally to easing global monetary policies.

According to H.C. Wainwright’s latest report shared with crypto.news, Bitcoin (BTC) closed the week ending September 29 with a 3.2% rise, hitting $65,618. This contrasts with its usual trend, as September is typically a weak month for BTC. 

Historically, September has seen an average 3.7% drop, but this year’s gains suggest a shift. Analysts at the firm link this unusual rise to global central banks easing monetary policy, with 21 rate cuts in September. Such actions often boost BTC prices, as reflected by BTC’s surge after the Fed’s recent rate cut.

That said, crypto markets slumped on Oct. 1 as geopolitical tensions between Israel and Iran triggered a sell-off, causing Bitcoin to drop 3.9% and Ethereum (ETH) to fall over 6%. 

The conflict also impacted crypto-mining stocks, with Marathon Digital and CleanSpark shares declining by about 9% and 6%, respectively.

Spot ETFs and miner performance

According to the analysts, spot Bitcoin ETFs saw over $1 billion in inflows last week, marking the first such weekly inflows since July. This indicates strong investor interest, with $494.4 million arriving on September 27 alone. Since January, these ETFs have accumulated $18.8 billion in total inflows.

Miners also experienced a notable week last week. Mining stocks rallied 15.1% week-on-week as Bitcoin prices rose, leading to higher hash prices — a key metric that indicates miner profitability.

Positive developments in the BTC mining space

Analysts from H.C. Wainwight view the Bitcoin mining industry as poised for growth. Hut 8 began its GPU-as-a-service business, signing a five-year deal with an AI cloud developer. This deal is expected to generate $20 million in annual revenue. 

Meanwhile, Cipher completed its purchase of a new 300 MW mining site in West Texas for $67.5 million, expanding its operations. 

Additionally, Bitdeer tested its second-generation SEAL02 mining chip, hitting key efficiency targets and planning mass production in 2024.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Altcoin

Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak

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Spot Bitcoin ETFs in the U.S. marked their fifth straight day of net inflows, with spot Ether ETFs also registering inflows for a second consecutive day.

Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $105.84 million on Sept. 25, marking the fifth consecutive day of positive inflows. Over this period, the funds have accumulated more than $496.56 million.

BlackRock‘s IBIT, the largest Bitcoin ETF, led the inflows for the second consecutive day with $98.9 million flowing into the fund, bringing its total net inflows to $21.2 billion. BItwise’s BITB drew in $2.1 million.

These inflows were partially offset by Fidelity’s FBTC and ARK 21Shares’ ARKB which experienced outflows totalling $33.2 million and $47.4 million, respectively. The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day

Since the conversion of GBTC into an ETF, investors have withdrawn more than $20.1 billion from the fund. However, the significant outflows that followed the conversion have eased in recent weeks.

Total trading volume for the 12 BTC ETFs dipped to $795.85 million on Sept. 25, lower than the $1.11 billion seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.94 billion. Bitcoin (BTC) was trading at $63,675 at press time.

The nine U.S.-based Spot Ethereum ETFs logged net inflows of $43.23 million on Sept. 25, continuing the positive performance seen the previous day. Most of the inflows went into Grayscale Bitcoin Mini Trust, which saw $26.6 million added to the fund.

BlackRock’s ETHA and Fidelity’s FETH followed with inflows of $ 9.4 million and $6.4 million respectively. 21Shares CETH also drew in a more modest inflow of $774.1K The remaining ETH ETFs saw no trading activity on the day.

The trading volume for these investment vehicles dropped to $124 million on Sept. 25 from $180.42 million seen the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $580.94 million. At the time of publication, Ethereum (ETH) was exchanging hands at $2,613.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound

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Spot Bitcoin exchange-traded funds in the U.S. recorded a significant jump in net inflows on Sept. 24, while spot Ether ETFs reversed course, moving back into net positive flows.

Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $390.7 million.

BlackRock‘s IBIT, the largest Bitcoin ETF, spearheaded the inflows with $98.9 million, marking its second consecutive day of positive inflows and bringing its total net inflows to $21.03 billion to date.

BItwise’s BITB and Fidelity’s FBTC followed with $17.4 million and $16.8 million flowing into their funds respectively. Grayscale Bitcoin Mini Trust drew in $2.9 million.

The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day.

Total trading volume for the 12 BTC ETFs soared to $1.11 billion on Sept. 24, higher than the $949.72 million seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.83 billion. Bitcoin (BTC) had risen 1.6% over the past day, trading at $64.196 at press time.

Meanwhile, the nine U.S.-based Spot Ethereum ETFs logged net inflows of $62.5 million on Sept. 24, a flip from the net negative flows seen the previous day. Most of the inflows went into BlackRock’s ETHA, which saw $59.3 million added to the fund.

VanEck’s ETHV and Invesco’s QETH also drew in modest inflows of $1.9 million and $1.3 million respectively. The remaining ETH ETFs saw no trading activity on the day.

The trading volume for these investment vehicles had seen a rise, jumping to $180.42 million on Sept. 24 from $167.35 million seen the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $624.17 million. At the time of publication, Ethereum (ETH) was exchanging hands at $2,623.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

DeFi

Spot Bitcoin ETFs see $52.7m outflows led by ARK 21Shares

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Spot Bitcoin exchange-traded funds in the U.S. logged net outflows of $52.83 million on Sept. 18, ending four consecutive days of net inflows that drew in over $500 million.

According to data from SoSoValue, the outflows from these ETFs were led by ARK 21Shares’s ARKB which saw $43.4 million exit its fund. Grayscale’s GBTC and Bitwise’s BITB reported additional outflows of $8.1 million and $3.9 million respectively.

Grayscale Bitcoin Mini Trust was the only spot BTC fund to experience inflows on the day, bringing in $2.7 million. The remaining eight spot BTC ETFs including BlackRock’s IBIT remained neutral on the day. 

Total trading volume for these investment products saw a 28% drop from $2.27 billion on Sept. 17 to $ 1.63 billion seen yesterday. These funds have recorded a cumulative total net inflow of $17.44 billion since inception.

Meanwhile, Bitcoin (BTC) rose 3% in the past 24 hours to $62,109 at the time of writing, according to price data from crypto.news. This price movement follows the Federal Open Market Committee’s recent decision to cut interest rates by 50 basis points. The easing of monetary policy typically boosts demand for risk assets, driving Bitcoin into a bullish trend.

Spot ETher ETFs record third consecutive day of outflows

Meanwhile, the nine U.S.-based spot Ethereum ETFs experienced net outflows of $9.74 million on Sept. 18, continuing their third-day outflow streak. The entire daily net outflows originated from Grayscale’s ETHE, with $14.7 million flowing out of its fund.

These outflows were partially offset by BlackRock’s ETHA, which logged inflows of $4.9 million on the day. The remaining seven ETH ETFs remained neutral.

The trading volume for these investment vehicles jumped to $221.88 million from the $176.26 million seen the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $615.58 million to date. At the time of publication, Ethereum (ETH) saw a 4.8% rise, trading at $2,438.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News