The upcoming FOMC meeting and the release of actual CPI data could significantly impact investor confidence and influence the net flow trend for Bitcoin ETFs.
The US spot Bitcoin ETFs registered a net outflow of about $65 million on Monday, coinciding with the crypto selloff in the past 24 hours.
The analyst believes that fund managers will now be seeking to reallocate resources.
Two financial stakeholders in Malaysia have partnered to give citizens access to cryptocurrency, through digital asset exchange-traded funds for BTC, ETH, and blockchain-related companies.
While Gold ETFs have been for the past 20 years, five-month-old US spot Bitcoin ETFs currently have 60% of their AUM.
While waiting for the SEC’s decision on its application, ProShares launched two new Ethereum-linked futures ETFs on June 4.
Hong Kong’s move towards staking for spot Ethereum ETFs could be a game-changer, giving them a competitive edge over US ETFs and solidifying Hong Kong as a leading digital asset hub.
The ongoing inflows into Bitcoin ETFs highlight the growing investor interest in digital assets.
Bitcoin price surged to $71,767 on Bitstamp due to increased inflows into spot Bitcoin ETFs, with analysts noting a strong link between these inflows and the price rise.
The notable demand for Bitcoin (BTC) has helped the flagship coin pump towards its all-time high (ATH) together with some altcoins.
Thailand has now joined the United States, Hong Kong, and Australia in the race for Bitcoin accumulation through regulated channels.
Asset issuers globally generated around $2 billion of inflows in crypto-related investment products in May.
Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.
While all of the prospective Ethereum ETF issuers have fulfilled the bidding of the US SEC by removing staking in their applications, investors might still favor ETH in the ETF market.
ARKB’s negative flow contrasts with the overall flow of the US spot ETFs, which logged their 13th consecutive day of combined net inflows on the same day.