BlackRock | ForkLog

ForkLog 8 27.02.2024

Spot Bitcoin ETF Trading Volume Hits Record $2.4 Billion

Trading volume of spot ETFs based on digital gold, excluding GBTC, reached a peak of $2.4 billion. BlackRock’s IBIT surged to $1.29 billion, making it attractive to institutional investors. Experts linked activity spikes in other products to high-frequency traders. On February 26, trading turnover of GBTC’s competitors reached a peak of $2.4 billion since the […]

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ForkLog 18 12.02.2024

Cryptocurrency Firms Skip Super Bowl Advertising

Leading cryptocurrency companies have opted not to apply for advertising slots during the Super Bowl, according to Fox Business. Notably, issuers of spot Bitcoin ETFs, BlackRock and Grayscale, did not promote their products, as there were no available slots following the approval by the SEC of these instruments. The main sporting and television event in […]

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ForkLog 8 08.02.2024

BlackRock and Fidelity Bitcoin ETFs Surpass GBTC in Liquidity

Bitcoin ETFs from BlackRock and Fidelity have outpaced GBTC in two liquidity metrics. Net inflow into spot exchange-traded products based on digital gold continued for the ninth consecutive day. IBIT entered the top 5 ETFs by inflows since the beginning of the year. Spot Bitcoin ETFs from BlackRock and Fidelity have surpassed GBTC in two […]

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ForkLog 6 05.02.2024

Bitcoin ETFs by BlackRock and Fidelity Among Top 10 in US for Inflows

In January, Bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity ranked among the top ten US ETFs by asset inflows, collectively amassing $4.8 billion. Two spot bitcoin ETFs among top 10 of *all* ETF inflows in January… Never thought I’d see the day. via @MorningstarInc pic.twitter.com/o7L5CEu5Ef — Nate Geraci (@NateGeraci) February 3, 2024 According to […]

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ForkLog 9 01.02.2024

Net Inflow to Spot Bitcoin ETFs Nears $1.5 Billion

On January 31, the net inflow into spot Bitcoin ETFs reached $197 million, marking the fourth consecutive day of positive momentum. According to SoSoValue, the total net inflow of Bitcoin spot ETF on January 31 was US$197 million, and it has been net inflow for four consecutive days. Grayscale GBTC had a single-day net outflow […]

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ForkLog 35 01.02.2024

BlackRock Unveils Bitcoin ETF Advertising Campaign on Building Facades

On January 31, financial giant BlackRock submitted plans to the SEC for the marketing of its spot bitcoin ETF under the ticker IBIT. The company plans to project an advertisement for the exchange-traded fund on the facades of former financial institution buildings in New York, Los Angeles, and Miami. The promotional footage features a changing […]

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ForkLog 6 30.01.2024

Bitcoin ETFs Acquire $6.52 Billion in BTC, Challenging GBTC

As of January 29, nine spot Bitcoin ETFs launched since January 11 hold 150,846 BTC ($6.52 billion), according to K33 Research. January 30 150,000 BTC is held by the new ETFs — in less than three weeks! Significant slowdown of GBTC outflows led yesterday to see the strongest daily U.S. spot flows since January 17. […]

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ForkLog 16 25.01.2024

Record Outflows from Spot Bitcoin ETFs

On January 24, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $429.3 million, surpassing the combined inflows into other spot bitcoin ETFs ($204.7 million). These calculations were provided by Bloomberg analyst James Seyffart. Day 9 — More $GBTC outflows, -$429 million. Still waiting on BlackRock data. pic.twitter.com/S2mjoEvg5o — James Seyffart (@JSeyff) January 25, 2024 […]

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ForkLog 49 25.01.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The SEC has postponed its decision on BlackRock’s spot Ethereum ETF application until March 10. SEC Chair Gary Gensler reminded that the approval of a spot Bitcoin ETF was limited to just one cryptocurrency. Optimistic experts anticipate Ethereum ETF approval in May with a 50-70% probability, while skeptics point to regulatory resistance. SEC has postponed […]

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ForkLog 6 12.01.2024

BlackRock CEO Recognizes Value in Spot Ethereum ETF

Larry Fink, CEO of financial giant BlackRock, stated in an interview with CNBC that he “sees value” in a spot ETF based on the second-largest cryptocurrency by market capitalization. Part 2: ETH ETF pic.twitter.com/qnmB7azyQN — Cryptik1.eth |? (@Cryptik1E) January 12, 2024 “I do not believe that [digital assets] will ever become a currency. I consider […]

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ForkLog 6 11.01.2024

BlackRock’s Spot Bitcoin ETF Trades at a 25% Premium

During the pre-market session on January 11, ahead of its Nasdaq debut, BlackRock’s spot Bitcoin ETF (IBIT) exceeded its NAV by 25.6%. Source: Finance.Yahoo. On the evening of January 10, the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 applications for spot exchange-traded funds based on the leading cryptocurrency. BlackRock was among […]

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ForkLog 29 19.12.2023

BlackRock explains the redemption mechanism for Bitcoin ETF

BlackRock assigned the ticker IBIT to a potential spot ETF based on the first cryptocurrency, and explained its creation and redemption mechanism.

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