ETF | ForkLog - Part 46

ForkLog 9 05.02.2024

Cryptocurrency Inflows Surpass $1.5 Billion Since Start of Year

Inflows into cryptocurrency investment products amounted to $708 million from January 27 to February 2, bringing the total since the start of the year to $1.58 billion, according to a report by CoinShares. A week earlier, analysts recorded an outflow of $499.7 million. Assets under management increased to $53 billion. Data: CoinShares. Net inflows into […]

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ForkLog 7 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 11 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 47 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 7 31.01.2024

Bitcoin’s Resilience Amid GBTC Sell-Off Highlighted by Experts

Net capital flows into spot Bitcoin ETFs have strengthened, despite the supply overhang caused by exits from the GBTC by Grayscale. This conclusion was reached by Glassnode. The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created […]

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ForkLog 51 31.01.2024

Standard Chartered Predicts SEC Approval of Spot Ethereum-ETF in May

The SEC is expected to approve spot Ethereum-ETFs on May 23, by which time the price of the second-largest cryptocurrency by market capitalization could reach $4000, according to a forecast by Standard Chartered, reports The Block. Analysts based their growth target on the situation with Bitcoin following the approval of a spot exchange-traded fund based […]

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ForkLog 7 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 13 30.01.2024

GBTC Outflows Slow as Google Permits ETF Advertising

GBTC investors continue to take profits, but at reduced volumes. Other issuers are lowering management fees. Google has started allowing bitcoin ETF advertisements. Outflows from the Grayscale Bitcoin Trust ETF (GBTC) have reached $5 billion since its conversion, potentially prompting withdrawals from crypto funds in Europe and Canada, according to a report by CoinShares. ETF […]

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ForkLog 10 29.01.2024

Analysts Doubt Approval of Ethereum ETF Before 2026

The U.S. Securities and Exchange Commission (SEC) is expected to approve an ETF based on the spot price of Ethereum by late 2025 or early 2026, according to investment bank TD Cowen, reports The Block. Analysts believe a positive decision from the SEC is unlikely this year. “This is a political call. We believe SEC […]

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ForkLog 37 29.01.2024

Vanguard Labels Bitcoin as an ‘Immature Asset Class’

Vanguard has opted not to offer clients access to a bitcoin ETF, citing the cryptocurrency as an “immature asset class” that does not align with the company’s philosophy. Here’s full explanation from Vanguard on not allowing spot bitcoin ETFs on platform… “It’s an immature asset class that has little history, no inherent economic value, no […]

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ForkLog 6 29.01.2024

GBTC Sales Drive Cryptocurrency Product Outflows to $0.5 Billion

From January 20 to 26, outflows from cryptocurrency investment products reached $499.7 million, up from $20.8 million the previous week, according to a report by CoinShares. Data: CoinShares. Experts estimate that Grayscale Investments recorded outflows of $2.23 billion from GBTC and other products over the week, totaling $5.1 billion since the approval of digital gold-based […]

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ForkLog 15 29.01.2024

Hong Kong Seeks Approval for Spot Bitcoin ETF

The Hong Kong branch of China’s asset management firm, Harvest Fund Management, has submitted a proposal to the Securities and Futures Commission (SFC) to launch a spot bitcoin ETF, according to Tencent News. The publication notes that the regulator may permit the listing of the product after the Lunar New Year celebrations conclude on February […]

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