A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean […]
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $ 139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $ 53 million reduction, followed closely by Fidelity’s (FBTC) $ 51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs …
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $ 152.42 million leave on Tuesday, bringing the cumulative total net inflows to $ 14.81 billion. Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs Another day of trading brought …
Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk analysis and due diligence,” the executive stressed. “They’re doing that right now.” ‘This Journey That […]
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $ 145 million. Fidelity’s FBTC continued to lead the outflows with $ 92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, …