Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle, […]
On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $ 886.6 million, with Fidelity’s FBTC leading, capturing $ 379 million on Tuesday. U.S. Spot Bitcoin ETFs Secure Over $ 61 Billion in BTC Holdings Spot bitcoin …
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $ 28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops Inflows as U.S. Bitcoin ETFs Maintain Positive Streak Blackrock’s Ishares bitcoin trust (IBIT) led on May 29, with …
U.S. spot bitcoin exchange-traded funds (ETFs) garnered $ 123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to 316,193.43 bitcoins. ETF Analyst Notes Historical Inflow Streak in 2 Bitcoin ETFs, Eyeing Record On Wednesday, U.S. spot bitcoin ETFs reversed a two-day …
Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value — and one of the many reasons bitcoin is often compared to gold.” …