Presently, GBTC is struggling to find its standing and return to its previous level of relevance among investors.
So far in 2024, US spot Bitcoin ETFs have had $17.95 billion flow into them.
The eight-day streak in net inflows is a strong indicator that investors are increasingly viewing Bitcoin ETFs as a strategic addition to their portfolios.
This was the highest net inflow recorded by the funds in a single day since July 23.
This adoption of blockchain technology in bond issuance marks a major step forward. Particularly, for the benefits it offers.
The inflows into spot BTC ETFs have been very volatile throughout the month of August so far with net inflows turning slightly positive this week due to BlackRock’s IBIT.
With the extension, Truflation aims to provide a more comprehensive view of global economic conditions, particularly in emerging and influential markets.
While all nine Ethereum ETFs approved have experienced varying degrees of outflows, the Grayscale Ethereum Trust (ETHE) is by far the fund that has lost the most investment.
At the current percentage, institutional investors own up to 21.15% share of the total Assets Under Management (AUM) in Bitcoin ETFs.
BlackRock’s iShares Ethereum Trust (ETHA) has just become the first US spot Ethereum ETF to see $1 billion in net inflows.
The Hashdex Solana ETF will trade on the B3 Brazilian stock exchange as per the CVM database. On the other hand, US investors lose hope of the Solana investment product.
Forms for Solana spot exchange-traded funds (ETFs) filed by VanEck and 21Shares have been unexpectedly removed from the Chicago Board Options Exchange (Cboe) website, leading to speculation that these applications might face delays or even denial.
$1.86 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Friday, August 16, 2024, potentially leading to a surge in volatility.
NYSE has retracted its application to list and trade options on the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC).
Amid the broader crypto market’s slowness, US spot Ether ETFs recorded an outflow of $39.21 million on Thursday.