Recent data shows that Bitcoin ETFs in the U.S. have experienced their largest sell-off since launching, with over $1.14 billion withdrawn in just two weeks. This decline is largely due to rising trade tensions between the U.S. and China, sparked by new import tariffs. Despite this short-term downturn, experts suggest that Bitcoin ETFs are typically ...
US-based spot Bitcoin exchange-traded funds (ETFs) have experienced their largest two-week outflow ever, exceeding $1.14 billion, driven by negative investor sentiment amid ongoing trade tensions between the US and China. This significant sell-off marks the highest withdrawals since the ETFs began trading on January 11, 2024, surpassing previous outflows recorded in June 2024. While these ...
Investors in spot Bitcoin exchange-traded funds (ETFs) have mainly used them for short-term trading strategies, rather than as long-term investments. Since their launch in January 2024, U.S. spot Bitcoin ETFs have seen around $39 billion in net inflows, but only about $17.5 billion reflects genuine long-term buying. Most of the inflows, around 56%, are linked ...
Bitcoin’s Market value is nearing $2 trillion, reflecting growing institutional acceptance. The approval of the Bitcoin ETF last year has encouraged major investment firms to increase their holdings. Recent filings reveal that significant funds have expanded their investments in Bitcoin-related ETFs, coinciding with a 47% rise in Bitcoin’s price. For instance, Wisconsin’s investment board dramatically ...
Bitcoin is currently trading around $97,000, fluctuating between $98,600 and $95,000 recently. Recent data shows a concerning trend among traders, increasing the likelihood of a price drop. Inflows to crypto exchanges reached $1.4 billion last week, indicating rising uncertainty among Bitcoin holders. This surge in exchange inflows comes amid significant outflows from US-based Spot Bitcoin ...
Investing in Bitcoin can be risky due to its volatile price and limited real-world uses. However, it is gaining popularity, especially with the introduction of spot Bitcoin exchange-traded funds (ETFs). Two noteworthy options for investors are the iShares Bitcoin Trust, which has amassed significant assets and charges a 0.25% fee, and the Grayscale Bitcoin Mini ...
Bitcoin has faced tough weekends, recording losses for five straight weeks. However, Geoffrey Kendrick from Standard Chartered believes this trend may change soon. He forecasts a bullish reversal this weekend due to increased investments into Bitcoin ETFs and a favorable macroeconomic climate. Kendrick suggests that if Bitcoin prices rebound, they could rise above $100,000, attracting ...
Bitcoin analyst PlanB recently moved all his Bitcoin from self-custody into spot Bitcoin exchange-traded funds (ETFs). He explained this shift on social media, stating it allows him to manage his Bitcoin like traditional assets, such as stocks and bonds, without the hassle of managing private keys. While some in the Bitcoin community criticize this move, ...
Bitcoin analyst PlanB has transferred all his Bitcoin from self-custody into spot Bitcoin exchange-traded funds (ETFs), opting for a more traditional asset management approach. He expressed that managing Bitcoin without the burden of private keys offers him peace of mind, despite criticism from the Bitcoin community. With concerns over hacking prevalent—$2.3 billion was stolen from ...
In the latest episode of The Indicator from Planet Money, the focus is on the rising trend of memecoins and their financial impact. The show delves into the story of a beloved internet squirrel that has gained traction in the cryptocurrency world, exploring how it became part of this unique financial landscape. The episode also ...
