The BlackRock iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by generating more annual fee revenue than the firm’s flagship S&P 500 tracker, despite being much smaller in size. The crypto fund generates an estimated $187.2 million in annual fees from its $75 billion in assets with a 0.25% expense ratio. In contrast, the […]
On July 1, U.S. spot Bitcoin ETFs experienced a significant net outflow of approximately $342 million, marking a sharp reversal in investor sentiment. This shift is marked by the first outflow since June 6, and interrupted a period of sustained demand that had pushed cumulative net inflows to about $49 billion and total ETF assets […]
Spot Bitcoin ETFs have seen almost $1.5 billion in inflows so far this week as institutional investors are driving the markets. In just three trading days, aggregate inflows for US spot BTC funds totalled $1.48 billion, according to Farside Investors. Additionally, there has not been an outflow day since June 6, almost three weeks ago. […]
Trump Media & Technology Group (TMTG) is moving forward with plans to launch a Bitcoin ETF called the Truth Social Bitcoin ETF, according to a June 3 SEC filing. NYSE Group Inc. filed regulatory paperwork to list the product, using the name of President Donald Trump’s social network. The ETF is being developed through a […]
“This is getting ridiculous,” exclaimed ETF Store President Nate Geraci on X on May 29, following the latest bumper inflow day for BlackRock’s iShares Bitcoin Trust (IBIT). The BlackRock fund saw another large inflow day on May 28 with $481 million entering the ETF. This has culminated in 33 consecutive trading days without an outflow, the […]
The State of Wisconsin Investment Board (SWIB), an independent agency handling assets for Wisconsin’s retirement and state investment funds, has divested its shares of BlackRock’s spot Bitcoin exchange-traded fund (ETF). SWIB was one of the early buyers of spot Bitcoin ETFs, setting a precedent for other U.S. states to follow. It is unclear why the […]
For the first time in more than three months, bitcoin (BTC) has reclaimed $100,000, rallying to a level just 3.6% shy of its all-time high (ATH). This surge comes as tariff tensions between China and the United States ease off, and macroeconomic conditions become positive again. According to a report from the crypto exchange Bitfinex, […]
The overall demand and interest for the spot Bitcoin ETFs in the US has returned in full force as the products have recorded an impressive streak of seven consecutive days of net inflows. On April 28, though, many showed signs of weakness, while BlackRock’s IBIT stole the show with a multi-month record. IBIT Sees Almost […]
After weeks and weeks of consecutive days deep in the red, the spot Bitcoin ETFs registered their best day since February 4 in terms of net inflows on Monday. However, the same cannot be said about the spot Ethereum ETFs, as their negative streak has extended to nine days. BTC ETFs’ Return? The spot BTC […]
The crypto market has been bleeding for weeks, which is evident in the outflows recorded by Bitcoin and Ethereum exchange-traded funds (ETFs) and products. Last week alone, the financial vehicles tracking both assets saw outflows exceeding $1.2 billion across several countries, including the United States, Switzerland, and Canada. Withdrawals from other digital asset products brought […]