It was a big week for financial markets and the global economy as the central bank of the world’s strongest economy pivoted from its monetary policy and reduced the key interest rates by 0.5%. As such, it’s worth reviewing how local investors behaved when it comes down to their interactions with spot Bitcoin and Ethereum […]
Bitcoin’s two-week-long negative streak came to an end on Monday, while the net inflows for the past five-day trading period skyrocketed to over $400 million. The same cannot be said for the spot Ethereum ETFs, as the products continue to bleed out and see little to no actual demand. Spot BTC ETFs Back on Track […]
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January. At the same time, the Ethereum counterparts still see little activity, with investors’ demand and interest obviously missing. Bitcoin ETFs’ Negative Streak CryptoPotato reported last […]
The landscape around the spot Bitcoin ETFs in the US has changed dramatically since a few weeks ago when investors showed significant demand. Current data shows six consecutive days of consistent outflows, with September 3 being the worst in terms of flows since May 1. Spot Bitcoin ETFs Deep in Red US investors’ behavior regarding […]
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days. […]
The price of ether (ETH) has plummeted more than 20% in the past month despite the launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Since their inception, the funds have witnessed substantial outflows, further weakening ether’s price. According to the latest edition of the Bitfinex Alpha report, Ethereum ETFs have failed to […]
Another week went by, which began with massive volatility, and the spot Bitcoin and Ethereum ETFs were once again in the spotlight. Here’s the data regarding the inflows and outflows for the past five days, according to Farside. Bitcoin ETFs in the Red Last week ended on a highly negative point as the spot Bitcoin […]
BlackRock has been proving the pundits wrong amid claims that there has been little or no demand for spot Ethereum’s ETFs, The asset manager’s ETHA ETF took another $108.4 million in daily inflows on Aug. 6. This comes in the same week that the underlying asset devalued by around 25%. On “crypto black Monday,” the […]
U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours. On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading. Additionally, it is […]
21Shares – which is part of 21Shares AG – has announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. It improves the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution said that the latest […]