U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $ 143.1 million during Friday’s trading sessions, closing out the week on a positive note. Friday’s ETF Action Bounces Back After 2 Days of Outflows On Friday, the 11 spot bitcoin ETFs performed …
Approximately 14 hours ago, the German government sold roughly $ 175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with transactions involving large bitcoin wallets like those of …
U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $ 21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $ 19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack The 11 spot …
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $ 31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $ 49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $ 30 million in outflows. U.S. Spot Bitcoin ETFs Rebound On Tuesday, spot bitcoin ETFs in …
JPMorgan analysts have raised concerns about the sustainability of the $ 12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from …