Bitcoin ETFs in the US have seen more than $2.4 billion in net outflows over February as Bitcoin struggles to maintain a price rally. US spot Bitcoin exchange-traded funds (ETFs) have seen their largest-ever daily net outflows as Bitcoin continues to trade below $90,000. The 11 Bitcoin funds on Feb. 25 together saw a net outflow…
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10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.” Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the…
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The in-kind redemption model is seen as a more efficient option for the spot Bitcoin ETF and should have been allowed from “the get-go,” says an ETF analyst. Nasdaq has submitted a filing on behalf of asset manager BlackRock, seeking a rule change to permit in-kind creation and redemption for its spot Bitcoin exchange-traded fund…
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BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds. BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million…
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ETF analyst Eric Balchunas says “the ball” is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will “list very soon.” The United States Commodity Futures Trading Commission (CFTC) has issued a notice, “clearing the way” for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating the products could be listed…
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ETF analyst Eric Balchunas said the outsized trading volume across BlackRock’s spot Bitcoin ETF is proof that investors are panic-buying Bitcoin as the asset nears an all-time high. Daily trading volume for BlackRock’s Bitcoin exchange-traded fund (IBIT), surged to $3.35 billion during the trading day of Oct. 29, its highest level in over six months.…
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Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data. The United States spot Bitcoin exchange-traded funds (ETFs) have seen their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise Origin Bitcoin Fund…
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The forecast mirrors the growing demand for ETFs, as evidenced by recent positive inflows in the U.S. Bitcoin ETF market. Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction…
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Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data. Gold proponent Peter Schiff has questioned market pundits who have set a Bitcoin price target of $100,000 in the current bull run. Schiff also took a dig at spot Bitcoin exchange-traded funds (ETFs) and the demand…
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Young Ju noted that new BTC whales have an on-chain cost basis of around $56,000 and expects substantial capital influxes into the spot Bitcoin ETF market if BTC dips to this price level. CryptoQuant CEO Ki Young Ju has predicted a resurgence in the spot Bitcoin exchange-traded fund (ETF) market if the price of BTC…
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