US cryptocurrency exchange-traded fund inflows pick up as bitcoin price recovers

Inflows into the nine recently launched exchange-traded fund tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week. — Reuters picNEW YORK, March 28 — Inflows into the nine recently launched exchange-traded funds tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week.

The nine funds that made their debut in January pulled in nearly US$1 billion in assets in the first two days of this week, according to data from BitMEX Research. Yesterday’s flows data will be available on Thursday morning.But the leadership has shifted from BlackRock’s iShares Bitcoin Trust to the Fidelity Wise Origin Bitcoin Fund. The latter attracted US$540.9 million in assets Monday and Tuesday, more than double the US$197.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York judge delays Trump's March 25 hush money trialNEW YORK: The New York judge presiding over Donald Trump&039;s (pix) trial for allegedly covering up hush money payments linked to extramarital affairs or...
Source: theSundaily - 🏆 25. / 51 Read more »

PUMA, kate spade new york, New Balance & More: Fashion Drops You Gotta Cop!Attention all fashion aficionados! Buckle up for a wild ride through the most electrifying collaborations of the season! We're talking about everything from
Source: HypeMY - 🏆 10. / 63 Read more »

New York museum harnessing technology to spotlight artNEW YORK, March 17 — Billed as the place where art meets technology, New York’s latest museum is promising to reinvent the format with an “immersive and sensory”...
Source: malaymail - 🏆 1. / 86 Read more »

MSF Racing 2024 returns to Sepang this Sunday, March 3 – new categories, international competitorsWith the 2024 Bahrain Grand Prix having just concluded early Sunday morning, motorsports fans may now be looking for something to fill their day today. Thankfully, the Malaysian racing season is also kicking off this …
Source: paultan - 🏆 22. / 51 Read more »

Microsoft Confirms New Surface Hardware Launching On 21 MarchMicrosoft has announced that it will be launching new Surface hardware, sort of confirming a prior report that made such a claim.
Source: LowyatNET - 🏆 13. / 59 Read more »

New iPad Air and Pro Models Expected to Launch in March or AprilApple is expected to launch new iPad Air and Pro models equipped with M3 chips in March or April, according to Mark Gurman of Bloomberg. The tablets will come in two sizes and the Pro models will adopt OLED screens. The release will coincide with the availability of iPadOS 17.4.
Source: LowyatNET - 🏆 13. / 59 Read more »