
Spot Bitcoin ETFs See 12-Day Inflow Streak with $2B in Net Gains
Eric Balchunas, a Bloomberg ETF analyst, is optimistic about BlackRock’s amended S-1 filing, considering it a positive sign for the future launch of Ethereum ETFs.
Eric Balchunas, a Bloomberg ETF analyst, is optimistic about BlackRock’s amended S-1 filing, considering it a positive sign for the future launch of Ethereum ETFs.
A total of $13.43 billion has flowed into spot BTC ETFs since the approval of the digital assets in January, but the current capital flowing into the investment products remains significantly low compared to their peaks in March.
Ahead of the expected approval Chinese mainland-based equity funds are exploring opportunities in the spot Bitcoin exchange-traded fund market through their Hong Kong subsidiaries.
While it is not certain if the drop in the price of Bitcoin is caused by reduced investors’ appetite for spot ETFs, the decline is substantial as it marks a 6% reduction from its all-time high of its $73,628.
Bloomberg ETF analyst Eric Balchunas noted that the overall record-breaking trading volumes weren’t restricted to spot ETFs alone.
Many analysts have been bullish about Bitcoin over the next few months and Peter Brandt is one of them.
The applicants have quickly responded to the SEC’s comments on their S-1 forms, to ready themselves for possible spot Bitcoin ETF approval.
While Hashdex and Bitwise are competing for public attention with their marketing campaigns, VanEck’s move to actually own Bitcoin may prove to be the wiser approach.
By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market.
Bernstein analysts are not the only experts who believe Binance will remain the world’s leading crypto exchange despite the recent settlement with the US authorities.
A federal court may formalize the ruling on Grayscale’s ETF today, officially vacating the SEC’s refusal to convert the GBTC.
The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.
The US SEC has started reviewing all the spot Bitcoin ETF filings re-submitted by all applicants along with a “surveillance sharing” clause.