Spot Ethereum ETFs began trading in the United States for the first time on July 23, and the initial picture isn’t pretty for the world’s largest crypto asset manager. As expected, Grayscale’s newly converted Ethereum Trust (ETHE) hemorrhaged $484 million on day one of trading. If the situation mirrors that when Grayscale converted its Bitcoin […]
The US spot Bitcoin ETFs experienced a net outflow of $20.45 million on Wednesday. Interestingly, only two of them showed activity amid market uncertainty. Grayscale’s GBTC saw a $26.99 million exit, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB, and VanEck’s HODL, reported no flows. US Bitcoin ETFs’ […]
BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption. Financial Advisors Are Cautious […]
Almost $220 million was once again poured into the spot Bitcoin ETFs yesterday, June 6, thus extending the consecutive inflow streak to 18 trading days in a row. BlackRock’s IBIT had given up its first place in terms of daily inflows but saw $350 million inserted yesterday, while the former leader – Fidelity’s FBTC – […]
On May 28th, BlackRock finally surpassed Grayscale to become the largest spot Bitcoin ETF with 288,671 BTC in its holdings. It took BlackRock’s IBIT just 96 trading days to close the substantial gap with Grayscale’s GBTC. IBIT has now reached an impressive asset under management (AUM) of nearly $19.79 billion. Meanwhile, GBTC saw its AUM […]
The latest inflow on April 22 was $19.7 million which means that BlackRock is now in the top ten of longest daily inflow streaks for all US exchange-traded funds. The 70-day milestone ties BlackRock’s IBIT fund with JETS, an ETF that combines shares in an index of airline industry companies. It has also achieved 70 […]
Just one day after the spot Bitcoin ETFs achieved a notable milestone with a net inflow of $1.05 billion, BlackRock’s IBIT saw inflows exceeding the total outflows of Grayscale’s GBTC for the first time. According to data compiled by SoSo Value, as of March 13th, IBIT’s cumulative inflow amounted to $12.03 billion, whereas GBTC’s cumulative […]
BlackRock has recently updated its filing with the Securities and Exchange Commission (SEC), indicating its intention to purchase spot Bitcoin ETFs for its Global Allocation Fund (MALOX). The March 7 filing states that MALOX may acquire shares of BlackRock’s spot Bitcoin ETF, IBIT, and ETFs offered by other issuers, with the fund exclusively investing in […]
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