ETF | ForkLog - Part 43

ForkLog 8 08.03.2024

JPMorgan Questions Bitcoin’s Ability to Replace Gold in Investor Portfolios

Bitcoin has outperformed gold in investor portfolios when adjusted for volatility, but in terms of value, this is unrealistic. This conclusion was reached by JPMorgan, reports The Block. Analysts noted that the status quo will persist, despite significant inflows into ETFs based on the first cryptocurrency. According to the specialists, risk is a critical factor. […]

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ForkLog 8 07.03.2024

Michael Saylor: Spot Bitcoin ETFs to Surpass Gold-Based Funds

This summer, Bitcoin ETFs will surpass gold-based funds in asset volume. BlackRock’s IBIT set a new record for daily inflow and trading volume. The combined turnover of the products exceeded that of Microsoft shares. Gold ETFs remain the largest in the exchange-traded commodities category but will soon be overtaken by their counterparts based on the […]

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ForkLog 9 06.03.2024

Glassnode Reports Increased Bitcoin Sales by Long-Term Holders as Price Nears All-Time High

Monthly sales by long-term investors have surged to 257,000 BTC as the price of the leading cryptocurrency approaches its all-time high, according to calculations by Glassnode. As #Bitcoin reached its ATH, a careful assessment reveals a nuanced interplay between exchange and ETF flows indicating market balance, alongside the start of the classic distribution pattern by […]

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ForkLog 10 05.03.2024

Bitcoin ETF Holdings Surpass 1 Million BTC

In the past 90 days, investors have poured an amount equivalent to 133,000 BTC into various regulated Bitcoin products. Their AUM has risen to 1 million BTC, according to ByteTree. ByteTree shows that the BTC held by global Bitcoin ETP products briefly exceeded the 1 million mark, setting a new record. Over the past 90 […]

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ForkLog 8 05.03.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) extended the review period for BlackRock’s application to launch a spot Ethereum ETF. The regulator made a similar decision regarding a comparable proposal from Fidelity. The Commission will continue to collect public comments. Both investment giants submitted applications to register exchange-traded funds based on the spot price of […]

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ForkLog 12 05.03.2024

Glassnode Analyzes Bitcoin Halving’s Impact on Tokenomics

Daily issuance of new bitcoins will drop from 900 BTC to 450 BTC post-halving. Following previous events, prices increased by 460-7745% within a year. Spot Bitcoin ETFs will support upward pressure on prices. The upcoming halving in April will reduce the daily issuance of new bitcoins from 900 BTC to 450 BTC, affecting trading strategies, […]

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ForkLog 15 04.03.2024

Chinese Investors Warned Against Bitcoin Investments

The Chinese state newspaper Jingji Ribao cautioned local residents about the risks of investing in the leading cryptocurrency. The article was published amid an ongoing rally in the crypto market. The publication mentioned the approval of Bitcoin ETFs in the United States and reiterated that trading digital assets remains prohibited in China. The article includes […]

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ForkLog 13 01.03.2024

Bitcoin’s Record Month Thwarted by Second-Largest GBTC Outflow

On February 29, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $598.9 million, marking the second-largest in history. This development interrupted Bitcoin’s five-day growth streak, closing the month with a near-record increase of 43.6%. $600m outflow for $GBTC today. That’s a lot. Two steps forward one step back. https://t.co/eWaEPMzUIW — Eric Balchunas (@EricBalchunas) February […]

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ForkLog 19 29.02.2024

Bitcoin ETF Inflows Hit Record $673 Million in a Single Day

On February 28th, cumulative inflows into spot Bitcoin ETFs reached a record $673.4 million, with total inflows since the product’s approval on January 11th amounting to $7.4 billion. UPDATE: We have a new record inflow for the Cointucky Derby #Bitcoin ETFs! $IBIT took in a record $612 million on its own. On a net basis […]

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ForkLog 13 29.02.2024

Morgan Stanley Considers Offering Bitcoin ETFs on Brokerage Platform

Morgan Stanley is conducting due diligence on the potential addition of spot Bitcoin ETFs to its brokerage platform, according to sources cited by CoinDesk. The procedure was initiated following the approval of the instrument by the SEC. The publication noted that the involvement of broker-dealers like Morgan Stanley and large RIA networks will attract more […]

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ForkLog 12 29.02.2024

CoinShares: Bitcoin ETF Demand Surpasses Mining Output Threefold

The daily growth rate of digital gold reserves in spot bitcoin ETFs is 2800 BTC, while supply increases by only 900 BTC. These estimates were provided by CoinShares, as reported by The Block. The resulting demand shock has further reduced bitcoin balances on centralized exchanges. According to experts’ calculations, the decline from 2020 levels has […]

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ForkLog 12 28.02.2024

Tether CEO Predicts Wall Street’s Growing Investment in Bitcoin ETFs

Bitcoin is set to further integrate into TradFi as interest in Bitcoin-based ETFs grows among institutions and corporations, according to Tether CEO Paolo Ardoino, reports The Block. The executive estimates an increasing number of managers are willing to allocate up to 5% of their assets to digital gold. He predicted that following the attainment of […]

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