sector, with data revealing a temporary downturn in flows. According to recent data from a notable analytics firm, Bitcoin spot ETFs experienced a net outflow of $165 million yesterday. Notably, Grayscale ETF GBTC reported a net outflow of $133 million, while BlackRock ETF IBIT saw a net inflow of approximately $18.09 million., a senior ETF expert at Bloomberg, has offered insights that challenge any premature conclusions about the demise of the Bitcoin ETF fervor.
While recent headlines may paint a picture of waning interest in Bitcoin ETFs, Balchunas' analysis offers a counterpoint, suggesting that the hype surrounding these investment vehicles is far from over. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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Spot Bitcoin ETF Hype Dies Down, Normalcy Sets InHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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Grayscale CLO believes spot ether ETFs 'should be approved'Craig Salm believes a highly anticipated spot ether ETF 'should be approved,' citing bitcoin ETF similarities.
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The Game is Far from Over for Bitcoin ETFs, Says ETF Industry ExpertDespite recent outflows, Nate Geraci believes that Bitcoin ETFs still have untapped potential and highlights the successful launch of these ETFs, attracting billions of dollars in assets under management. Geraci criticizes a report suggesting waning demand and points out that Registered Investment Advisors and brokerage platforms have yet to approve Bitcoin ETFs for use.
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Bitcoin drops below $60K as analyst says zero spot Bitcoin ETF inflows ‘very normal’Market participants eyeball the significance of zero spot ETF flows as Bitcoin price sinks under $60,000.
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Purpose Bitcoin ETF Loses 20% of Bitcoin Under Management Despite Rising DemandThe Purpose Bitcoin ETF (BTCC) has lost 20% of its Bitcoin under management over the past three months, despite rising demand and record-high prices for the asset. The fund's holdings have mostly oscillated between 20,000 and 40,000 BTC since its launch in February 2021. However, after BlackRock, Fidelity, and others filed to launch their own spot Bitcoin ETFs, money began to flood back into Bitcoin funds, including Purpose, on optimism that the ETFs might finally be approved.
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Australia Moves on a Spot Bitcoin ETF; Franklin Templeton on Bitcoin NFTs'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Australia-based Monochrome Asset Management announced their application for a spot bitcoin (BTC) exchange traded fund. Plus, the state of bitcoin miner Hut 8 (HUT) after its merger with US Bitcoin Corp.
Source: CoinDesk - 🏆 291. / 63 Read more »