As bitcoin ETFs continue fight for assets, here's where they all stand – Blockworks
Ten spot Bitcoin ETFs were launched on January 11th. Eight days later, two funds topped the list in terms of net inflows: BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Investments' Wise Origin Bitcoin Fund (FBTC). BlackRock's assets for sale reached $1 billion in four trading days, while Fidelity's fund reached that milestone on the fifth […]
Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry – CNBC
Michael Sonnenschein attends the 2022 Forbes Iconoclasm Summit held at the New York Historical Society on November 3, 2022. Arturo Holmes | Getty Images Entertainment | Getty Images DAVOS, Switzerland — Michael Sonnenshein, CEO of Grayscale Investments, told CNBC: largely [says all 11 in the headline, summary and key point though] Some of the approved […]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says – CoinDesk
Financial giant JPMorgan (JPM) said in a research note on Thursday that Bitcoin BTC has lost $1.5 billion since the physical exchange-traded fund (ETF) was launched for the first time last week, leaving the Grayscale Bitcoin Trust GBTC. It said that the stock had fallen by more than 15%. “Over the past year, GBTC investors […]
Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5 – Cointelegraph
The Spot Bitcoin exchange-traded fund (ETF) issuer added an additional net 10,667 Bitcoin (BTC) to its crypto stack on the fifth business day amid rising trading volumes. Data compiled by X (formerly Twitter) account CC15Capital on January 17 shows that by the end of the day, a net amount of $440 million in Bitcoin had […]
Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities – CoinDesk
Silver has been around since dying stars began spewing out the metal billions of years ago. Bitcoin is 15 years old, but it's already a big deal in the US ETF market. The Bitcoin ETF had more assets than the silver ETF at the moment of its approval by the U.S. Securities and Exchange Commission […]
Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day – CoinDesk
bitcoin price (Bitcoin) It fell another 4.5% on Thursday to a one-month low of $40,800. The decline is roughly in line with the CoinDesk 20 Index, which tracks the world's largest and most liquid cryptocurrencies, which is currently down 4.6% over the past 24 hours. Since the newly approved Spot Bitcoin ETF began trading on […]
The early winner in the bitcoin ETF race has raked in $1 billion – CNBC
Traditional asset management giants are all set in the race to gain a foothold in Bitcoin exchange-traded funds after a strong first week of results. As Bernstein analyst Gautam Chughani highlighted in a note to clients on Thursday, BlackRock's iShares Bitcoin Trust (IBIT) was one of the first spot Bitcoin ETFs approved last week. has […]
Here's why Bitcoin bulls are failing to shift the $42K BTC price range – Cointelegraph
Bitcoin (BTC) remains below $43,000 this week, with even institutional purchases having little impact on the market. BTC/USD 4-hour chart. Source: TradingView Liquidity constrains Bitcoin bulls Cointelegraph Markets Pro and TradingView It has been confirmed that the price trend of BTC has been concentrated in a narrow range for 7 consecutive days. Bitcoin has been […]
Bitcoin surpasses silver to become second largest ETF commodity in the US – The Block – Crypto News
After just one week of trading, Bitcoin ETFs have surpassed silver ETFs in terms of assets under management in the US. ”Bitcoin BTC +0.08% “In the US, ETFs have outperformed silver ETFs in terms of size due to the tremendous interest they have received from the market,” Jag Cooner, head of derivatives at Bitfinex, told […]
Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say – CoinDesk
Headwinds to Bitcoin (Bitcoin) Despite the early success of some US-listed spot exchange-traded funds (ETFs), stock prices continue to linger, which could contribute to price declines in the coming days. Bitcoin prices have fallen as much as 15% since the long-awaited ETF listing last week, with outflows from Grayscale's Bitcoin Trust product said to be […]