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US Bancorp Restarts Support for Bitcoin (BTC) Custody Services to Investment Managers

The Minneapolis-based bank with over $685 billion in total assets has renewed its Bitcoin custody services for institutions. Following a 3-year pause, now in a more crypto-appreciative environment, this is possible once more. Back After a Hiatus Shared via a press release, U.S. Bank, the primary operating subsidiary of U.S. Bancorp, announced yesterday that it […]

6 Weeks Straight: Ethereum ETFs Leave Bitcoin in the Dust

Ethereum exchange-traded funds (ETFs) have outperformed their Bitcoin counterparts for six consecutive weeks, highlighting a shifting preference among investors. Fresh data shows ETH products are drawing steadier inflows even as Bitcoin ETFs continue to command the lion’s share of assets under management. Weekly Data Highlights Ethereum’s Edge According to data from SoSoValue, as of August […]

What Is Cathie Wood’s Ark Invest Buying and Selling Amid This Market Correction?

The privately held company has made adjustments to the ETFs it manages, both reducing and adding to specific positions. Falling Prices Ark Invest, the investment management firm with more than $6 billion in assets under management (AUM), reduced the size of its ARKB (ARK 21Shares Bitcoin ETF) by 559.85 BTC, or approximately $64.4 million, as […]

BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details

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 […]

Bitcoin ETF Inflow Streak Snapped: $350M Outflows End 15-Day Run

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 […]

$1.5 Billion Flows Into BTC ETFs This Week as Bitcoin Double Taps $108K

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. […]

BlackRock Bitcoin ETF Sees 33-Day Inflow Run, $4B in Past Fortnight 

“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 […]

State of Wisconsin Investment Board No Longer Holds $321M in BlackRock’s Bitcoin ETF Shares

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 […]