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Following the approval of 11 spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) on the 10th of January, 2024, a lot of attention has been drawn to Bitcoin ETFs. WHAT EXACTLY IS A BITCOIN ETF? Follow along as we explain what Bitcoin ETFs are. An ETF, or exchange-traded fund, is an investment fund that holds different kinds of assets. An ETF can hold just any asset: oil, grain, gold, or even cryptocurrencies. After a company creates an ETF, the company will usually make the ETF available to investors to buy in the form of SHARES. Investors who buy these shares acquire a portion of the asset. The shares bought can also be traded on the stock exchange market. So Bitcoin ETFs are like regular ETFs, just that they hold Bitcoin or bitcoin derivatives as their underlying asset. Bitcoin ETFs can also be traded on the stock exchange market. There are two main types of Bitcoin ETFs: ?Bitcoin Futures ETF ?Spot Bitcoin ETF What is a bitcoin futures ETF? A Bitcoin futures ETF holds Bitcoin futures contracts as its underlying asset. A Bitcoin futures contract is usually created when two parties come together and agree to exchange (buy and sell) Bitcoin at a particular price in the future. A company that wants to create a Bitcoin futures ETF will have to purchase future contracts from the Chicago Mercantile Exchange which is a giant marketplace where contracts are exchanged for different things. After these contracts are purchased, the company bundles them into a Bitcoin futures exchange-traded fund (ETF). Next, shares are offered to this ETF for investors who may want to buy. The shares bought can be traded on the stock exchange market. This is exactly how Bitcoin futures ETFs work. What about spot bitcoin ETFs? A spot Bitcoin ETF is an ETF that offers investors direct exposure to the price movements of Bitcoin. Unlike Bitcoin futures ETF that has futures contracts (bitcoin derivative) as its underlying asset, a spot Bitcoin ETF holds Bitcoin as its underlying asset. To create a spot Bitcoin ETF, a company will first have to own large quantities of Bitcoins which are securely stored in a crypto wallet. Afterward, the company issues shares which correspond to the price of Bitcoin. Like regular shares, these shares can be traded on the stock exchange market. The value of these shares will also increase or decrease as the price of Bitcoin goes up or down. That is why it is said that spot Bitcoin ETFs gives one direct exposure to the price movements of Bitcoin. Although Bitcoin futures ETFs have been approved since 2021, Bitcoin ETFs didn't receive much attention until January 10th, 2024, when the US SEC approved spot Bitcoin ETFs. WHAT ARE THE BENEFITS OF BITCOIN ETFs? Bitcoin ETFs offer investors easy access to the world of cryptocurrencies, as they do not have to buy or own bitcoin or worry about the hassle that comes with safely securing crypto wallets. #bitcoin #bitcoinetf #etfexplained #secapproval

Spot Bitcoin ETF Inflows Reach 2-Month High https://ift.tt/93MldkN Institutional Investors They have been buying the dips following the recent downtrend in Bitcoin. This is evident in the increased demand for Bitcoin ETFswhich posted its best weekly performance in a long time. Bitcoin ETFs Post Best Inflows in Over a Month According to data from JPMorgan, Bitcoin ETFs Foreign direct investment funds saw their best inflows in more than a month, with $882 million flowing into these funds in the week ended July 11. This represents their best weekly inflow since May 23, when they recorded weekly net inflows of $1,022 million. Interestingly, spot bitcoin ETFs saw net inflows of $310.1 million on June 12, according to Data From Farside Investors, it appears this was their best weekly performance since March. Friday’s total means these funds raised nearly $1.05 million this week. Meanwhile, total net inflows on Friday amounted to $310.1 million. Represent Best daily performance for Bitcoin ETFs since June 5. BlackRock IBIT And FBTC from Fidelity ETFs accounted for the bulk of the day’s inflows, with $120 million and $115.1 million flowing into these funds, respectively. Bitwise’s BITBGrayscale’s GBTC, Ark Invest’s ARKB, and VanEck’s HODL also recorded inflows of $28.4 million, $23 million, $13 million, and $6.6 million, respectively. Other spot bitcoin ETFs failed to record any inflows on July 12. according to Data From Soso Value, these funds have now taken in a total net inflow of $15.81 million since their approval in January. This includes the $18.64 billion net outflow recorded by Grayscale’s GBTC fund during the period. The net inflows taken in by BlackRock’s IBIT fund ($18.26 billion) during the period were able to plug Grayscale’s bleeding. Bitcoin is now trading at $58,362. Chart: TradingView Other issuers of spot bitcoin ETFs also played their part, with all of them seeing net inflows. Fidelity’s FBTC fund ranked second after IBIT, with total net outflows of $9.72 billion. Since launchARKB and BITB came in third and fourth, with total net inflows of $2.5 billion and $2.13 billion, respectively. The worst is almost over for the cryptocurrency market The cryptocurrency market has been in the red for the past few weeks thanks to German governmentBitcoin sell-off began last month. However, it seems that the worst is almost over, as Data from Arkham Intelligence On-Chain Analytics Platform It appears that the German government no longer has any Bitcoin in its reserves. Accordingly, with the help of spot Bitcoin ETFs, Bitcoin looks set to recover and reclaim the $60,000 support level. Ethereum ETFs It is also expected to launch soon, with market experts like Bloomberg Analyst James Seyfart They are expected to start trading next week. This will provide further bullish momentum to Bitcoin and the broader cryptocurrency market. Featured image by Pexels, chart by TradingView The post Spot Bi...

BlackRock Spot Bitcoin ETF Grinds To A Halt, Records Longest Stretch Without Inflows https://ift.tt/sHbvRJG American multinational investment company, BlackRock has witnessed a significant lull in investments for its Spots Bitcoin ETF, iShare’s Bitcoin Trust (IBIT). With the ETF provider recording its longest period of zero flows, there may be possibilities that investor interest in Spot Bitcoin ETFs might be waning.?? BlackRock Sees Zero Bitcoin ETF Flows Despite being the largest Spot Bitcoin ETF provider, BlackRock has surprisingly been met with zero inflow activity for approximately three days. From Wednesday, April 24 to Friday, April 27, BlackRock recorded 0.0 inflows, breaking its longest-record streak of 71 daily inflows.? According to an X (formerly Twitter) post from Whale Panda, during the three days, the Spot Bitcoin ETFs of global asset management companies like Grayscale, Fidelity, and Bitwise recorded outflows worth millions of dollars. GBTC witnessed a total of $352.2 million outflows, while FBTC and BITB amassed approximately $25.4 million and $9.8 million outflows, respectively.? At the time only a handful of Spot Bitcoin ETFs experienced inflows, including Ark 21Shares Bitcoin ETF, ARKB, Franklin Templeton’s Bitcoin ETF, EZBC and Fidelity’s, accumulating total inflows of $9.6 million, $1.9 million, and $5.6 million, respectively.? Following the temporary halt on IBIT’s inflows and the increase in outflows from other Spot Bitcoin ETFs, the price of Bitcoin witnessed a sharp decline. Over the past week, the world’s largest cryptocurrency recorded a whopping 6.29% decrease, and another 2.56% drop in the past 24 hours, according to CoinMarketCap. These consistent declines have pushed Bitcoin’s price down further, to trade at $62,227, at the time of writing. Are Investors Losing Interest In Bitcoin ETFs? Since its Spot Bitcoin ETF launch, BlackRock has recorded a net inflow of over $13 billion. The surge in demand for IBIT has positioned it among the top Spot Bitcoin ETF providers and a key ETF player within the financial industry.?? The recent drop in IBIT’s inflows has sparked possibilities of diminishing interest in Spot Bitcoin ETFs. For most, the approval and launch of Spot Bitcoin ETFs was a major catalyst for Bitcoin’s rise to new all-time highs in March 2024.? A continuous influx of capital from Soot Bitcoin ETF has been observed to drive the price of Bitcoin to new levels. Conversely, a decline in inflows has instigated a significant price drop for Bitcoin. Bloomberg analyst, James Seyffart, as a prominent ETF expert has unraveled the mystery behind the unusual halt in BlackRock’s Spot Bitcoin ETF inflows. Seyffart explained that it was common for the vast majority of ETFs to experience periods of zero flows. He backed up his claim by pointing out that out of the 3,500 ETFs within the United States, 2,903 had also witnessed zero flows similar to IBIT.? BTC price at $62,200 | Source: BTCUSD on Tradingv...

Blackrock’s Bitcoin ETF Holdings Near 110K BTC Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch about a month ago. The world’s largest asset manager’s bitcoin ETF has a total net inflow of nearly $5 billion, leading the pack among all spot bitcoin ETFs.?Blackrock CEO Larry Fink has stated that he is now a big Bitcoin believer. Blackrock’s IBIT Now Holds Close to 110,000 Bitcoins Blackrock, the world’s largest asset manager, disclosed that as of Feb. 14, its spot bitcoin ETF, Ishares Bitcoin Trust (IBIT), held 109,609 bitcoins and $109,955 in cash, which translates to approximately $5,453,917,345 in net assets. Blackrock’s IBIT bitcoin holdings on Feb. 14. Source: Blackrock. Spot bitcoin ETFs raked in $339.8 million on Feb. 14, with IBIT leading the pack at $224.3 million in net inflow. Ten U.S. spot bitcoin ETFs -including Blackrock’s IBIT and Grayscale’s Bitcoin Trust (GBTC)-saw a combined total inflow of over $4.1 billion since launch, according to data compiled by Bitmex Research. Since its launch on Jan. 11, Grayscale’s GBTC has experienced?massive outflows. Blackrock’s Ishares Bitcoin Trust quickly?climbed?to the top five in terms of inflows for all ETFs in 2024, achieving this feat within just 17 days of launch. Blackrock CEO Larry Fink recently said that he is now a “big believer” in Bitcoin, emphasizing that “it’s bigger than any government.” The US SEC approved 11 spot bitcoin ETFs on Jan. 10. In a Wednesday interview, SEC Chairman Gary Gensler reiterated that approving spot bitcoin ETFs doesn’t endorse?BTC?itself. He?emphasized?that the securities watchdog is “merit neutral.” However, he raised concerns about Bitcoin’s use in ransomware, highlighting its prevalence in this illicit activity. Meanwhile, many investors anticipate a significant price increase for bitcoin due to spot bitcoin ETFs and the upcoming Bitcoin halving. Microstrategy’s executive chairman, Michael Saylor,?said?this week that Bitcoin has become the world’s most popular investment asset. “I think the asset’s found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming in through these ETFs as there is supply coming from the miners,” Ref:?#newsdotBitcoin Join free today International Bitcoin Exchanges BINANCE:?https://lnkd.in/evf7cfTP CEX.IO:?https://lnkd.in/eSbrt_A5 KRAKEN:?https://lnkd.in/egb9mm53 ETORO:?https://etoro.tw/3bAKxmC KUCOIN:?https://lnkd.in/edY9VvY7 BITRUE:?https://lnkd.in/e8d5N-Cx LOCAL BTC:?https://lnkd.in/eJYWcEVB OKEX:?https://lnkd.in/eJP8zsym Join Thai leading crypto exchange today. BITKUB (Thailand):?https://lnkd.in/enTEkcJs #bitcoin?#gaming?#projects?#finance?#project?#data?#trading #cryptocurrency?#blockchain?#blockchaintechnology?#blockchainrevolution?#blockchaingaming?#crypto?#cryptonews?#cryptonewsdaily?#digitalcurrency?#digitalcurrencies?#bitcoinmining?#bitcoinnews?#bitcointrading?#bitcoincash?

Morgan Stanley to Approve Bitcoin ETFs in 2 Weeks: Insider https://lnkd.in/dYP5Vy7K The Bitcoin area is on the point of monumental change, and inside reviews have emerged that Morgan Stanley, a titan of the monetary sector, is about to approve Bitcoin ETFs on its platform within the subsequent two weeks. This groundbreaking information was first dropped at gentle by famend crypto commentator Andrew of Arch Public (@AP_Abacus) by way of X (previously Twitter). In response to Andrew, “UPDATE: A number of sources affirm that Morgan Stanley will approve Bitcoin ETFs on its platform within the subsequent two weeks. Sources come from MS, BTC ETF firms, and authorized consultants adjoining to each. “Morgan Stanley has greater than $1.5 trillion in consumer property.” This assertion has sparked appreciable curiosity and hypothesis within the monetary and BTC communities. UPDATE: A number of sources affirm that @Morgan Stanley is able to approve #Bitcoin The ETFs will likely be on their platform within the subsequent two weeks. – the sources are from the inside $MSinside $BTC ETF companies and insider authorized entities adjoining to each.– @Morgan Stanley owns greater than $1.5 trillion in consumer property. – Andrés (@AP_Abacus) March 26, 2024 Eric Balchunas, a Bloomberg ETF professional, in response to Andrew's tweet, confirmed a mixture of optimism and skepticism, stating: “That's proper, I don't doubt you, however what's the supply?” Andrew, sustaining the confidentiality of his informants, responded succinctly with “DM,” indicating a non-public message dialog for extra particulars. Will Morgan Stanley Provide Bitcoin ETFs to Its Shoppers? This revelation isn’t fully sudden, as rumors have been circulating since late February about Morgan Stanley's curiosity in BTC ETFs. Reviews recommend that the monetary large has been engaged in due diligence processes to include spot Bitcoin ETF merchandise into its brokerage choices. This info got here from individuals conversant in the matter. Morgan Stanley, a vanguard in various investments and personal markets, with greater than $150 billion in property below administration, made headlines in 2021 as the primary main US financial institution to offer its rich clientele entry to funds BTC. Throughout its first quarter earnings name in April 2021, the wealth administration large confirmed its resolution to reveal its wealth administration shoppers to Bitcoin via two third-party crypto funds. These funds, believed to have been supplied by Galaxy Digital and NYDIG, marked the financial institution's preliminary foray into Bitcoin. The introduction of BTC spot ETFs in the US, accredited by the Securities and Change Fee (SEC) in January, represented a watershed second for the trade. Though billions of {dollars} have already been funneled into these merchandise,

Bitcoin-ETFs register net outflows for third consecutive day -- Bitcoin ETFs lost $54.2 million on Thursday. -- Of the 525 ETFs launching in 2024, 13 of the top 25 are linked to either Bitcoin , or ether. U.S.-listed Bitcoin (BTC) and ether {ETH}} exchange-traded funds (ETFs) are contributing to the decline in Crypto prices this week, with Bitcoin down 6% and ether down 10%. According to Farside Investors , investors withdrew $54.2 million from Bitcoin -ETF on October 3, marking the third consecutive day of net outflows. This brings the three-day total to $361.2 million. Major contributions on Thursday came from Ark ARKB at $58.0 million and Fidelity FBTC at $37.2 million. IBIT BlackRock saw inflows of $36.0 million. GBTC Grayscale remains relatively subdued, with outflows of just $5.9 million this week. Meanwhile, 11 ETFs have amassed a total of $18.5 billion in investor money since inception. In addition, investors on average have increased their investments by about 3-10% with average underlying deposit values ranging from $54,911 to $59,120, according to Glassnode. The methodology used by Glassnode uses price marking of Bitcoin deposits into ETFs for the three largest ETF issuers, which provides a rough break-even point for ETF investors. The data shows that investors in FBTC Fidelity have a basis value of $54,911, Grayscale has a basis value of $55,943, and BlackRock has a basis value of $59,120. These basis costs have provided excellent price support for Bitcoin in 2024, testing the lower boundary several times during bull market corrections. At the same time, ether ETFs experienced net outflows of $3.2 million on Thursday. Outflows came from Grayscale ETHE at $14.7 million, which has now seen a total of $2.9 billion in leads. BlackRock ETHA saw inflows of $12.1 million. According to Farside Investors, ether ETFs now have total outflows of $555.4 million. Still, according to Nate Geraci , president of the ETF store, the performance of BTC and ETH ETFs is impressive compared to industry standards. “Of the 525 ETFs launching in 2024, 13 of the top 25 are linked to either Bitcoin or ether,” Geraci said. According to CoinDesk , Bitcoin was trading at $61,608 and ether at $2,391 at the time this article was published.

5 Bitcoin ETFs to Look Out For in 2024 The introduction of Bitcoin ETF is set to reshape the dynamics of crypto investment and trading, opening doors to a wider audience of potential enthusiasts and investors. What are the first Bitcoin ETFs of January 2024? Here are some of the first Bitcoin ETFs to announce the launch in 2024: ProShares Bitcoin Strategy ETF (BITO) ProShares Short Bitcoin ETF (BITI) Valkyrie Bitcoin Strategy ETF (BTF) VanEck Bitcoin Strategy ETF (XBTF) Simplify Bitcoin Strategy PLUS Inc ETF (MAXI) Global X Blockchain & Bitcoin Strategy ETF (BITS) What are the benefits of Bitcoin ETF for users? BTC-ETF, or Bitcoin Exchange-Traded Fund, Represents a major step forward in simplifying and streamlining the process of investing in Bitcoin. Bitcoin ETF offers users the opportunity to gain exposure to Bitcoin without the complexities associated with owning and storing the underlying asset. This innovation is poised to enhance accessibility, liquidity and transparency, making it easier for both institutional and retail investors to participate in the crypto market. With BTC-ETF, users can potentially benefit from the price movements of Bitcoin through a traditional brokerage account, thus bridging the gap between traditional finance and the crypto space. Exchange BTC What is the approval history of ETF Bitcoin? The journey of Bitcoin ETF (Exchange-Traded Fund) approval has been marked by significant milestones and unexpected turns. Here’s a brief history of its approval process: Approval Application Grayscale Investments, a digital currency asset manager, announced its intention to convert its $30 billion Bitcoin Trust into an ETF, aiming to launch one of the first such products in the US and the world’s second-largest commodity-based ETF. The trust, established in 2013, became publicly quoted in 2015 and an SEC reporting company in 2020. Fake Tweet The approval process encountered a dramatic turn when the SEC’s X (formerly Twitter) account posted a statement from Gensler, the SEC Chair, announcing the approval of spot Bitcoin ETFs. However, the SEC swiftly retracted the post, attributing it to a compromised account. This erroneous tweet caused significant price volatility, leading to nearly $90 million worth of Bitcoin long and short positions being liquidated. Final Approval Despite the setback caused by the fake tweet, a day later, the approval for the Bitcoin ETF was confirmed, marking a significant milestone in the crypto industry and potentially setting Bitcoin price at $46,200 as of today (January 11, 2024). This final approval comes after years of anticipation and efforts from various entities, solidifying the trust’s transition into an ETF and representing a major development in the world of digital asset investment products. Is Bitcoin ETF better than crypto exchanges? When considering the utilization of BTC-ETF versus traditional crypto exchanges, it’s essential to weigh the a...

Bitcoin ETF Issuer Unveils 5 Predictions For 2028 Halving https://ift.tt/oqcg2G4 Bitwise, currently the fourth-largest spot Bitcoin ETF issuer in the United States, with assets under management totaling $1.778 billion, has published a series of stunning predictions for the Bitcoin landscape leading up to the 2028 halving. These projections are not only grounded in past data and trends but also reflect a deeper integration of BTC into broader financial systems. #1 Decline In Bitcoin’s Volatility Chief Investment Officer at Bitwise, Matt Hougan, anticipates a 50% reduction in BTC’s volatility by the next halving in 2028. This prediction is based on the observed trend of decreasing volatility over the years, which is expected to accelerate due to the changing composition of the market’s participants. The influx of institutional investors through Bitcoin ETFs has begun to stabilize price fluctuations. Unlike retail investors, who often react swiftly to market shifts and news, institutional investors typically employ strategies that involve regular, calculated entries and exits. “ETFs have opened the door to a more disciplined approach to Bitcoin investing, which we expect will significantly dampen the historical volatility associated with this asset class,” Hougan noted. #2 Bitcoin Allocations In Target-Date Portfolios The prediction that Bitcoin allocations will become common in target-date portfolios to the tune of 5% or more is based on the increasing familiarity and comfort financial advisors are finding in the cryptocurrency as a legitimate asset class. Hougan suggests that the current absence of BTC in major target-date funds in the US is a temporary condition. “As the market matures and volatility continues to decrease, the perceived risk of including Bitcoin in diversified long-term investment portfolios diminishes, making it an increasingly attractive option for portfolio managers,” explained Hougan. This shift is expected to be mirrored in the adoption rates seen in similar funds in Canada and other forward-leaning markets. #3 Explosive Growth In ETF Flows Since their US launch, the spot ETFs have recorded approximately $12.5 billion in net flows, marking them as the fastest-growing new ETF category ever. Hougan projects that these funds will attract more than $200 billion by 2028, spurred by broader availability and deeper due diligence from institutional investors. “The trajectory we’ve seen with gold ETFs, which saw consistently increasing flows for years after their introduction, is a good model for what we expect with Bitcoin ETFs,” said Hougan. The anticipation of eventual acceptance by national wirehouses and further institutional validation could serve as major catalysts for this growth. #4 Central Bank Adoption Of Bitcoin One of the more controversial predictions is that central banks might begin to include BTC in their reserves, drawn by its qualities as non-debt money that offers functional advantages over ...