BlackRock’s IBIT Draws In $231M As Bitcoin ETFs Close Week Positively — Details
After a chaotic week for the cryptocurrency market, the US-based Bitcoin ETFs (exchange-traded funds) saw significant capital inflows on Friday, February 6. As the flagship cryptocurrency and the rest of the market suffered huge declines, the BTC-linked exchange-traded products also posted substantial withdrawals during the week. With the bear market confirmed by the latest steep […]
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Nasdaq’s options venue is moving to put BlackRock’s iShares Bitcoin Trust (IBIT) in the same risk tier as the largest, most liquid ETFs in traditional markets, with a new proposal to multiply the ceiling on IBIT options positions to 1 million contracts. According to a rule filing submitted to the US Securities and Exchange Commission […]
The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do....
Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been the issuers, especially as the crypto industry has seen increased institutional adoption since the Bitcoin ETFs launched. According to the firm’s executive, the BTC exchange-traded funds becoming the major source of revenue....
Brevan Howard, one of the world’s leading alternative investment firms, has just become the largest institutional holder of BlackRock’s iShares Bitcoin Trust (IBIT). Launched on January 11, 2024, IBIT has quickly cemented itself as the world’s most traded Bitcoin ETF, boasting an AUM of $87.7B and a stellar 1-year return of 77.7%. With a NAV […]
The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past seven days. This negative single-day performance ended what was another impressive weekly outing for the crypto investment products. Bitcoin ETFs Shine While Ethereum ETFs Continue To Struggle After a strong performance throughout the month of October, the US-based spot Bitcoin ETFs didn’t register a perfect start to November. According to data from SoSoValue, the BTC exchange-traded funds posted a net outflow of $54.9 million on Friday, November 1. Breaking down....