Investors are Taking Their Money Out of Spot Bitcoin ETF as Net Assets Reduce to $50 Billion

As of 9th July 2024, the net asset value within the spot Bitcoin ETF sector was approximately $50 billion, down from the highest of $54.37 billion in the 30-day data. In this article, we will explain the meaning of net…

Hong Kong Spot Bitcoin ETF Total Net Assets Increases to a Massive $236 Million After a $23 Million Inflow

The crypto market has been on a consistent decline, with Bitcoin’s price dropping to less than $58k. However, on July 3rd, the Hong Kong Spot Bitcoin ETF recorded a massive inflow of $23 million, increasing its total net assets. Below,…

Fidelity ETF Records $65 Million Inflow After Weeks of Massive Outflows

Fidelity ETF (FBTC) is one of the pioneer spot Bitcoin ETFs. It has a 0.25% (0% fee waived until Aug. 1, 2024), and its Bitcoin holding is around 167,589 BTC in self-custody. However, it had a streak of bad moments…

BlackRock Bitcoin ETF Quickly Surpasses 414 Initial Holders

Bloomberg ETF analyst Eric Balchunas recently expressed his awe at the remarkable early performance of BlackRock’s spot bitcoin exchange-traded fund (ETF). The ETF garnered an astounding 414 reported holders during its first 13F season, surpassing all expectations and setting a…

Bitcoin ETF Surge Raises Concerns for Coinbase Future, warns Chris Grisanti of MAI Capital – Is it Time to Stay Away?

The recent surge in Bitcoin ETFs has brought forth a wave of concerns, particularly for major players like Coinbase. Chris Grisanti, Chief Equity Strategy at MAI Capital Management, shares insights into the challenges and opportunities facing Coinbase despite this shift.…

Bitcoin Mania on Wall Street: ETFs Soak Up 5% of Tradable Supply in 30 Days

Bitcoin mania hit Wall Street with full force as exchange-traded Funds (ETFs) absorbed a significant portion of the tradable supply. In just 30 days since the launch of the spot Bitcoin ETF, the cryptocurrency has surged back above the $48,000…

$5.98 Billion Bitcoin Accumulated by Blackrock’s IBIT and Fidelity’s FBTC and more…

The landscape of spot bitcoin exchange-traded funds (ETFs) is witnessing a significant transformation. Recent data sheds light on the substantial accumulation of bitcoin by leading ETFs such as Blackrock’s IBIT and Fidelity’s FBTC. These movements are reshaping the cryptocurrency investment…

“The Game-Changer”: Spot Bitcoin ETFs, a Decade-Long Awaited Breakthrough, Says DACFP Founder Ric Edelman

Spot Bitcoin ETFs have finally received approval, marking a significant milestone for the crypto industry. So, DACFP Founder Ric Edelman, a prominent figure in the financial industry, shared his insights on the groundbreaking decision. So, this move is expected to…

Firms Nearing Approval for Spot Bitcoin Exchange-Traded Funds

Firms seeking to launch spot Bitcoin exchange-traded funds (ETFs) in the United States have made significant progress this week, clearing a major hurdle on their path to regulatory approval. The Securities and Exchange Commission (SEC) staff has informed several exchanges…

Spot Bitcoin ETFs Potential Approval: McClurg’s Insights and Crypto’s Evolution

Valkyrie Asset Management Chief Investment Officer, Steven McClurg, shows confidence regarding the impending approval of the first spot Bitcoin ETF in the United States. During Valkyrie’s application pending with the SEC, McClurg stands alongside other asset managers. The other managers…