The US Bitcoin spot ETFs logged over $2 billion in net inflows last week, marking a three-week streak of positive momentum. Despite a bearish start to June, with $128.81 million in net outflows during the first trading week, investor appetite soon quickly rebounded. This turnaround has resulted in a cumulative $4.63 billion in deposits over the past three weeks. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength Bitcoin ETFs On Impressive 14-Day Positive Streak Despite Market Uncertainty On Friday June 27, the 12 US Bitcoin ETFs registered net inflows of $501.27 million bringing the aggregate deposits of the last week to a staggering $2.22 billion. According to data from ETF tracking site SoSoValue, the clean streak of daily inflows from last week extends the ETFs’ positive performance to 14 consecutive days. In analyzing individual ETF data from this week, the BlackRock IBIT registered $1.31 billion in net deposits solidifying its position as the market’s unrivalled leader. Meanwhile, Fidelity’s FBTC and Ark/21 Shares’ ARKB also experienced substantial cumulative inflows of $504.40 million and $268.14 million, respectively. Grayscale’s BTC, VanEck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC also recorded moderate net flows ranging from $1million – $25 million. In familiar fashion, Grayscale’s GBTC produced the only net outflows losing $5.69 million in withdrawals, but still retains its position as the third largest Bitcoin ETF with $19.79 billion in net assets. Following this week, the US Bitcoin Spot ETFs have now recorded $4.50 billion in net flows in June signaling a resolute demand from institutional investors despite Bitcoin market troubles. Notably, the premier cryptocurrency has witnessed extensive corrections since hitting a new all-time high of $111,790 on May 22. Over the last month, BTC has made no new price discovery trading largely between $100,000 and $110,000 to form a descending price channel. While this price performance reflects a neutral market sentiment, the high influx of capital into the Bitcoin ETFs signal a long-term confidence by institutional investors on Bitcoin’s price appreciation prospects. Related Reading: Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic Ethereum ETFs Log $283 Million In Deposit To Close Out H1 2025 In other developments, SoSoValue data also reveals that US Ethereum Spot ETFs notched up a cumulative inflow of $283.41 million over the last week extending their positive streak to seven consecutive weeks. In June alone, these ETFs saw total inflows of $1.13 billion, marking their largest monthly gain in 2025. As of the time of writing, the total net assets of the Ethereum ETFs stand at $9.88 billion, accounting for 3.37% of Ethereum’s market capitalization. Meanwhile, Ethereum continues to trade at $2,441 with Bitcoin prices set around $107,339. Featured image from Nairametrics, chart from Tradingview
The spot Bitcoin ETFs (exchange-traded funds) have been in good form over the past few weeks, receiving renewed interest from investors in the United States. This recent spurt of momentum has been a rare bright spark in the crypto market, which has been overwhelmed with investor uncertainty lately. Interestingly, the typically straight line between the spot Bitcoin ETFs’ performance and the BTC price action has not been particularly straight in the past few weeks. While the crypto-linked financial products have shone in the past few days, the underlying premier cryptocurrency has seen better days. Spot Bitcoin ETFs Record $1 Billion In The Past Week According to the latest market data, the US-based spot Bitcoin ETF market recorded a total net inflow of $6.37 million on Friday, June 20. This performance marked the ninth successive day of positive capital influx for the crypto investment products, signaling increased investor interest and demand. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets SoSoValue data shows that BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) was the only BTC exchange-traded fund with net inflow on Friday. The trillion-dollar asset manager’s fund added a remarkable $46.91 million in value to close the week, as it continues to lead the pack in net assets. Fidelity Wise Origin Bitcoin Fund (FBTC) was the only other Bitcoin ETF that recorded any activity on Friday. According to market data, the second-largest spot BTC exchange-traded fund by net assets posted a daily net outflow of $40.55 million on the day. Nonetheless, the $6.37 million single-day performance pushed the US-based Bitcoin ETFs’ weekly record above the $1 billion mark. While this figure falls short of the exchange-traded funds’ performance ($1.39 billion) in the previous week, it still represents a trend in the right direction after enduring two weeks of nearly $300 million in outflows. Bitcoin Price Falls Below $101,000 Level Despite the positive performances of the US-based Bitcoin ETFs, BTC’s price has continued to struggle to build any sustained bullish momentum over the past two weeks. The flagship cryptocurrency seemed set for another trip to a new all-time-high price earlier this week before succumbing to some bearish pressure mid-week. In the late hours of Saturday, the price of BTC fell to below the $101,500 level as another wave of downward pressure hit the crypto market. As of this writing, the market leader is valued at around $101,484, reflecting an almost 2% price decline in the past 24 hours. According to data from CoinGecko, the price of Bitcoin is down by nearly 4% in the past seven days. Related Reading: Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential Featured image from iStock, chart from TradingView
Crypto analyst Colin has highlighted the Bitcoin price’s deviation from the Global M2 money supply, raising concerns that the bull run may be over. The analyst quickly addressed concerns, noting how such deviations usually happen at some point but don’t invalidate the macro trend. Analyst Highlights Bitcoin Price’s Deviation From Global M2 Money Supply In an X post, Colin revealed that the Bitcoin price has deviated from the global M2 money supply. He noted that this deviation was short-term in an otherwise broad correlation. The analyst added that this current deviation is similar to the position that BTC was in February 2025. Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 Money Supply Shows What’s Next Colin remarked that this development doesn’t mean the M2 is broken, just as it wasn’t broken back in February. Instead, he claimed that it just means that market participants haven’t zoomed out enough and are allowing for the non-correlated periods. The analyst added that non-correlation between the Bitcoin price and global M2 money supply happens 20% of the time. He then alluded to the regular chart, which shows the strong correlation between the Bitcoin price and the global M2 money supply. Colin explained that the M2 is “directionally predictive” for BTC and that it is not 1:1 price-related. The analyst further remarked that the M2 does not predict a specific BTC price. Instead, the global M2 money supply only predicts the market direction, with about 80% accuracy. Colin added that the Bitcoin price has its y-axis while the M2 is on a different y-axis. He also opined that the M2 may decouple from BTC near the cycle top. Although the analyst didn’t provide a timeline for when the cycle top will be, his analysis indicates that the cycle top is not yet in and the bull run isn’t over. Money Supply Shows No Need To Worry About BTC Price In an X post, market expert Raoul Pal suggested that the Bitcoin price’s correlation with the money supply shows that there is no need to worry about the current price action. He remarked that if 89% of BTC’s price action is explained by global liquidity, then by definition, almost all “news” and “narrative” is noise. Related Reading: Brace For Impact: Bitcoin Price Primed For Deep Correction Below $90,000 This suggests that the current geopolitical risks, heightened by the Israel-Iran conflict, are unlikely to impact the Bitcoin price as much as expected. Trading firm QCP Capital recently noted that the flagship crypto has yet to show full-blown panic, which shows how much the asset has matured. The firm remarked that BTC’s resilient price action appears underpinned by continued institutional accumulation, with companies like Strategy and Metaplanet buying the dip. The Bitcoin ETFs also continue to record positive flows. At the time of writing, the Bitcoin price is trading at around $104,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines by amassing a staggering $70 billion in total assets, achieving this milestone faster than any other exchange-traded fund (ETF) in history. This remarkable feat occurred just 341 days after its launch, according to Bloomberg analyst Eric Balchunas, who noted that IBIT reached this figure five times quicker than the previous record holder, State Street’s GLD gold ETF, which took nearly 1,700 days. BlackRock’s IBIT Outshines Competitors As the most popular of the twelve Bitcoin ETFs currently available, IBIT stands out significantly in the market. Following closely behind are Fidelity’s FBTC and Grayscale’s GBTC, both of which have around $20 billion in assets. Related Reading: Dogecoin Is Going To $1 With The ‘Next Impulse’, Analyst Predicts The launch of IBIT and ten other Bitcoin ETFs at the start of last year by the world’s largest asset managers marked a significant shift in the investment landscape, fueled by long-awaited regulatory approval from the Securities and Exchange Commission (SEC). The debut of these funds highlighted a robust demand from investors eager to capitalize on Bitcoin’s price fluctuations. IBIT alone accumulated over $1 billion in assets within just four days of its market introduction. By November, IBIT had surpassed the total assets of BlackRock’s gold fund, solidifying its position as the largest among the 1,400 funds managed by the asset manager worldwide. Bitcoin ETF Market Thrives The momentum didn’t stop there; in December, IBIT became the fastest exchange-traded fund to hit $50 billion in assets, achieving this milestone five times quicker than BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. “IBIT’s growth is unprecedented,” remarked Bloomberg ETF expert James Seyffart in an interview with Fortune Magazine on Monday. “It’s the fastest ETF to reach most milestones, outpacing any other ETF across all asset classes.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric The surge in Bitcoin ETFs has coincided with significant increases in the cryptocurrency’s price. For instance, as Bitcoin reached an all-time high of $111,900 in late May, the cumulative net assets across all twelve Bitcoin ETFs surpassed $134 billion, reflecting the growing interest and investment in this digital asset class. Since reaching its record high, the market’s leading cryptocurrency has retraced, with the most important support line at $100,000 being tested on June 5. Nevertheless, Bitcoin has once again regained its bullish momentum, jumping past the $108,400 mark on Monday. With gains of 2% and 4% on the 24-hour and weekly time frames, respectively, the price of BTC is now only 2.7% below the record price level. This puts the cryptocurrency on the verge of a new price discovery phase after the normal pullback seen last week. Featured image from DALL-E, chart from TradingView.com
Data shows the demand for spot exchange-traded funds (ETFs) has cooled off for Bitcoin, while Ethereum has continued to attract inflows. Bitcoin Has Ended A Streak Of Positive ETF Flows In a new thread on X, the on-chain analytics firm Glassnode has talked about how the total balance of the US spot ETFs has changed for Bitcoin and Ethereum recently. The spot ETFs refer to investment vehicles that provide an alternate means of gaining exposure to a cryptocurrency’s price movements in a manner that’s familiar to traditional investors. Related Reading: Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin These ETFs are a relatively new presence in the sector, but they have gained sufficient popularity to become a key part of the market. Investors who previously avoided digital assets due to the perceived complexity of wallets and exchanges can now invest through ETFs, which trade on traditional exchanges. The US Securities and Exchange Commission (SEC) approved the spot ETFs for Bitcoin back in January 2024. They got approval for Ethereum half a year later, in July 2024. First, here is how the balance held by the spot ETFs has changed for Ethereum since their inauguration: As displayed in the above graph, the total balance of the Ethereum spot ETFs has been on the rise recently. In fact, the cryptocurrency has now seen four straight weeks of net inflows. In all, 97,800 ETH have entered into the wallets associated with these ETFs during this green netflow streak. Though despite the continuous inflows, their total holdings are yet to hit the 3.81 million ETH peak from February, as they currently sit at 3.77 million ETH, about 41,000 tokens lower. “Accumulation is steady, but room remains for further upside,” notes Glassnode. Bitcoin has also seen growth in its spot ETF holdings recently, but unlike Ethereum, the number one digital asset saw the metric surpass its high from February last month. That said, while the Bitcoin spot ETFs were enjoying inflows until very recently, the trend has changed during the past week as net outflows have occurred instead. This has been the first negative week in eight for the BTC ETFs. “Total holdings are now 1.20M BTC, down ~11.5K BTC from the late-May peak,” explains the analytics firm. “A pause in demand after a strong run-up – watch for signs of re-acceleration.” Related Reading: Bitcoin RSI Dips Below 30—Is A New All-Time High Next? It now remains to be seen how things will develop in the coming days for the top two cryptocurrencies and whether the divergence that is starting to develop between them will only take further hold. BTC Price Bitcoin has seen a jump of about 2% during the past day and has recovered to $107,600. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Recent trends in the Bitcoin ETFs market reveal a significant shift in investor sentiment, with funds flowing into BTC exchange-traded funds while gold-backed funds experience notable outflows. Bitcoin ETFs Emerge As Preferred Safe Haven According to a Bloomberg report, US Bitcoin ETFs have attracted over $9 billion in inflows in the past five weeks, primarily driven by BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT). In contrast, gold-backed funds have seen outflows exceeding $2.8 billion during the same time frame. Related Reading: Can XRP Market Cap Touch $1.5 Trillion? Analyst Reveals The Math Behind It This divergence in investor behavior comes as easing trade tensions have diminished demand for traditional safe havens like gold. Meanwhile, Bitcoin is increasingly being recognized as a viable alternative store of value amid growing concerns about US fiscal stability. Furthermore, the market’s leading cryptocurrency reached a record high of $111,980, buoyed by favorable regulatory developments and rising macroeconomic uncertainty. Although gold remains up more than 25% this year, it has retreated from its recent peaks, currently trading approximately $190 below its all-time high. BTC’s Advantages Over Gold Analysts suggest that this rotation towards Bitcoin ETFs indicates a growing acceptance of the cryptocurrency as a legitimate hedge within investment portfolios. Christopher Wood, global equity strategist at Jefferies, expressed optimism for both gold and Bitcoin, noting their effectiveness as hedges against currency debasement in the G7 nations. However, skeptics argue that Bitcoin’s notorious volatility still undermines its position as a true safe haven. Historical instances of macroeconomic shocks have shown Bitcoin falling sharply alongside other risk assets. Yet, some experts believe that Bitcoin’s decentralized nature gives it an advantage over gold in times of financial system risks. Geoff Kendrick, global head of digital assets research at Standard Chartered, highlighted Bitcoin’s dual role as a hedge against both private sector risks, such as the collapse of Silicon Valley Bank in 2023, and government-related concerns, including the stability of the US Treasury. Kendrick pointed out that recent threats to Federal Reserve (Fed) independence, alongside tariff escalations and broader concerns about US policy credibility, further bolster Bitcoin’s appeal. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ In addition to these factors, Bitcoin appears to be shedding its previous reputation as merely a tech-adjacent risk asset. Dilin Wu, a research strategist at Pepperstone, noted that Bitcoin’s intraday correlation with major indices like the Nasdaq, as well as with the dollar and gold, has significantly decreased. The backdrop of growing fiscal strain has intensified the discourse surrounding these assets. Moody’s recently downgraded the US from its last triple-A credit rating, citing concerns over ballooning deficits and national debt. This downgrade aligns the US with other ratings agencies, including Fitch and S&P Global, which already rate the country below the top tier. Despite the recent surge in Bitcoin’s popularity, gold continues to outperform on a year-to-date basis, boasting gains of about 25% compared to Bitcoin’s rise of approximately 15%. Featured image from DALL-E, chart from TradingView.com
By their lofty standards, the US Bitcoin spot ETFs produced a moderately positive performance last week, attracting about $200 million in netflows. This development comes amid an impressive market comeback over the past two weeks following the heavy withdrawals seen in early March. Related Reading: Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch Bitcoin Spot ETFs: 10 Straight Days Of Positive Netflows According to data from ETF tracking site SoSoValue, the Bitcoin ETFs registered total net outflows of $93.47 million on Friday, moving its aggregate netflows for the past week to $196.7 million. Prior to Friday’s negative input, these funds recorded a positive flow for 10 consecutive trading days suggesting a high amount of favorable market interest. This development indicates a return of bullish sentiments among Bitcoin institutional investors following the bearish mood seen in February and early March which featured massive asset withdrawals. In a similar fashion, Blackrock’s IBIT accounted for the majority of the inflows from last week by attracting $171.95 million in investments, followed by Fidelity’s FBTC with $86.84 million. VanEck’s HODL was the only other ETF with a positive inflow of $5 million in new deposits. On the other hand, a large percentage of withdrawals came from Ark Invest’s ARKB which recorded $40.97 million in net outflows. Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB also experienced moderate levels of redemptions ranging between $6.95 million – $10.22 million. Meanwhile, Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC registered no significant flow. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Bitcoin ETFs Close Out Q1 – What Next? With Q2 of 2025 fast approaching, the Bitcoin spot ETFs conclude the first quarter of the year on an uncertain note. The year began with strong bullish momentum, driving $5.25 billion in net inflows during January. However, this was followed by a sharp reversal, with cumulative net liquidations of $4.25 billion across February and March. Notably, the resurgence of positive inflows seen in the latter half of March is a sign of renewed market interest and strong market confidence. Furthermore, the crypto-friendly stance being adopted by the Donald Trump administration could encourage institutional investment in the long run. However, macroeconomic factors including potential Fed rate hikes, and ongoing US tariff changes may force investors to move out of high-risk assets or other associated investments. In addition, the uncertainty over the current Bitcoin bull run also draws serious concerns. At the time of writing, the flagship crypto asset trades at $83,359 after a 0.77% decline in the past day. Meanwhile, daily trading volume is down by 49.43% and is valued at $16.88 billion. Featured image from StormGain, chart from Tradingview
Bitcoin’s price action has been trapped in a tight range between $84,000 and $82,000 in recent days, with bulls struggling to push upwards. The general market sentiment is one of a cautious nature, and hopes of a quick return above $90,000 are starting to fade. However, a new technical analysis suggests that Bitcoin could be on the verge of a significant rally, as price action shows the cryptocurrency is currently conforming to the cup-and-handle pattern. Cup And Handle Support Could Cause A Major Bitcoin Rally Recent Bitcoin price movements have drawn attention back to a key technical structure of the handle support of a cup-and-handle pattern, suggesting that a bullish setup may be quietly taking shape. This interesting Bitcoin price activity was relayed in a technical analysis by a crypto analyst on the TradingView platform. Related Reading: Bitcoin Price Suppression Below $100,000 Worries Investors, JPMorgan Analysts Reveal Real Problem The cup-and-handle pattern in question has been forming over multiple years, with the rounded bottom phase stretching from 2021 to mid-2024. This prolonged accumulation period saw Bitcoin gradually recover from the bearish market cycle before breaking above its neckline resistance. The breakout started the handle formation in the latter half of 2024, a consolidation phase that set the stage for BTC’s next leg up. By November 2024, Bitcoin completed this handle phase and went on an impressive rally that ultimately resulted in a new all-time high of $108,786 in January 2025. However, the recent 24% correction from this all-time high has seen the Bitcoin price returning to the neckine resistance of the cup-and-handle formation. The logical next step is for this neckline resistance to serve as support for the price correction and we could see Bitcoin rebound from here. In terms of a price prediction, Elliott wave analysis and projections put the price target above $130,000, particularly at $139,000. Elliott Wave Analysis Suggests A Surge Toward $130,000 According to the Elliot Waves technical framework, Bitcoin is currently in a larger fifth impulse wave formation. However, this fifth wave, which is generally bullish, has been punctuated by corrective ABC sub-waves, leading Bitcoin to retest the support of the cup-and-handle formation. Now that the support has been met, Bitcoin is in a position to bounce and continue the formation of its fifth impulse wave. This is expected to bring it to the price target above $130,000. Related Reading: Bitcoin Open Interest Crashed To 6-Month Low, Here’s What Followed The Last Time The alignment of the cup-and-handle formation with Elliott wave projections strengthens the case for a major breakout in the coming months. However, Bitcoin’s fundamentals reflect uncertainty in the short term. There is currently a lack of bullish momentum needed to rechallenge the $90,000 mark, which would be the first step needed to reach $130,000. Steady institutional outflows from Spot Bitcoin ETFs have further increased selling pressure, limiting Bitcoin’s ability to regain strength in the short term. At the time of writing, Bitcoin is trading at $83,500. Featured image from Unsplash, chart from Tradingview.com
US spot Bitcoin ETFs recorded the largest outflow on Feb. 25, with $937.9 million pulled out of the funds in a single day. This massive exit, the biggest since the ETFs launched in January 2024, reflects a growing unease in the crypto market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the outflows, shedding $344 million, […]
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Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target. Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin. Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen. Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price. Other Bullish Fundamentals For The Altcoin Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows. Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund. At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
On Feb. 3, spot Bitcoin ETFs saw a net outflow of approximately $235 million, marking the first net outflow after a four-day streak of net inflows totaling $1 billion. The outflows follow Bitcoin’s drop to a three-week low, with BTC briefly touching $92,000 during the weekend. It’s a stark contrast to the previous week when […]
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The spot Bitcoin ETFs (exchange-traded funds) have picked up from where they left off in 2024, enjoying increased attention from investors in the new year. This positive sentiment has further intensified after the recent inauguration of Donald Trump as the United States president. The US-based exchange-traded funds continued their impressive streak of capital influx, positive more than $500 million in net inflows on Friday, January 24. Unsurprisingly, this positive run of form has been reflected in the price of the premier cryptocurrency, which has steadied around $105,000 this weekend. Bitcoin ETFs Register $517 Million Inflow In One Day According to the latest market data, the US-based spot Bitcoin ETFs registered a total net influx of $517 million on Friday, January 24, representing the seventh consecutive day the crypto investment products have experienced a net capital inflow. Related Reading: XRP Rich List: Top 20 Wallets Control Over 50% Of Supply, But Who’s Number 1? Surprisingly, Fidelity Wise Origin Bitcoin Fund (with the ticker FBTC) led the group with an inflow of over $186 million. With strong performances in the past few weeks, the fund has continued to consolidate its position as the second-largest BTC ETF. ARK 21Shares Bitcoin ETF(with the ticker ARKB) came in second place, with a total inflow of roughly $169 million to close the week. Meanwhile, BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) followed in third, adding more than $155 million in value on the day. Other Bitcoin ETFs with a positive single-day performance included Grayscale Bitcoin Mini Trust (BTC) and WisdomTree Bitcoin Trust (BTCW), with $13 million and $2.79 million, respectively. Bitwise Bitcoin ETF (BITB) was the only exchange-traded fund that posted an outflow on Friday, withdrawing $8.6 million in value. Nonetheless, this $517 million single-day performance brought the US-based Bitcoin ETFs’ weekly record to $1.76 billion. Meanwhile, it extended the current streak of positive inflows to seven days, with the exchange-traded funds drawing $4.7 billion in capital within this period. Bloomberg ETF expert said in a post on X: The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. Now at +$40b net since launch with aum at $121b and return of 127%. For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot. Bitcoin Price Overview The recent steady capital influx might have translated to the Bitcoin price staying afloat despite the recent uncertainty clouding the market. As of this writing, the premier cryptocurrency is valued at around $104,500, reflecting no significant movement in the past 24 hours. Related Reading: Bitcoin Realized Cap Hits $832 Billion Milestone As $100K Inflows Begin To Slow Featured image from iStock, chart from TradingView
It’s been a whole year since the spot Bitcoin exchange-traded funds (ETFs) received the long-awaited approval to trade in the United States, making the strongest ETF debut the US financial market has ever seen. It goes without saying that the crypto market has also witnessed a significant shift since the launch of these investment products. […]
The upcoming US presidential inauguration could be a positive catalyst, the asset manager said.
In the past 24 hours, $521 million has been liquidated from the crypto market.
On Thursday, the South Korea Stock Exchange chairman, Jeong Eun-bo, revealed their plan to “explore” the approval of crypto-based exchange-traded funds (ETFs) to continue with its “value-up program” and face the ongoing market challenges. Related Reading: Indonesia Rushes To Finalize Crypto Oversight Transfer Ahead of Jan. 12 Deadline – Report Korea Exchange To Explore Crypto […]
Join Cointelegraph’s editorial team as they reflect on Bitcoin’s breakout year, the landmark ETF approvals and what lies ahead for crypto in 2025.
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) registered their first red weekly performance in a month during Christmas Week, their worst performance since September. However, analysts noted that the ETF industry saw its best year yet. Related Reading: Ethereum Looks To Reclaim All-time High, Current Cycle To Outperform Past Cycles? Bitcoin ETFs Receive Charcoal For Christmas […]
Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.
The fund aims to offer exposure to MicroStrategy's convertible bonds, among others.
On Dec. 31, Israel’s asset managers will launch six mutual funds tracking Bitcoin’s price movements.
Bitcoin struggles below $100,000 amid holiday illiquidity, but analysts predict a rally above $105,000 post-Christmas, citing macro trends.
A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than double the number granted in 2023. Prominent global players […]
VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.
The Ethereum price has been a joy to watch in recent weeks after initially struggling to keep pace with other large-cap cryptocurrencies. However, the past week will be a quick one to forget for the crypto market, especially the altcoin, which declined in value by over 12%. While this price slump experienced by Ethereum has been linked to the US Federal Reserve rate cut, the recent drab performances of the spot ETH exchange-traded funds (ETFs) could also be associated. After a lengthy spell of positive inflows, investor interest in the US-based ETH ETFs seems to be losing momentum. Spot ETH ETFs Snap 18-Day Positive Inflows Streak According to data from SoSoValue, the US-based spot Ethereum ETFs logged a total net outflow of $75.11 million on Friday, December 20. This marked the first time the Ethereum funds would be registering back-to-back negative performances. On Thursday, December 19, the Ethereum exchange-traded funds recorded a total net outflow of $60 million. This single-day performance put an end to the ETH ETF’s 18-day streak of positive inflows and the first negative day in December for the products. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why Surprisingly, BlackRock’s Ethereum Fund (with the ticker ETHA) was the only spot ETF that recorded outflows on Friday. According to market data from SoSoValue, the ETHA exchange-traded fund posted nearly $103.7 million to close the week. Meanwhile, Fidelity’s Ethereum Fund (with the ticker FETH) recorded $12.95 million in net inflow on Friday. Grayscale’s Ethereum Trust (ETHE) and Mini Trust (ETH) were the only other ETFs that registered positive inflows on the day, with $7.51 million and $8.10 million, respectively. These back-to-back days of negative performances saw a net $135 million flow out of the ETH exchange-traded funds in just two days in the past week. However, the crypto products finished with a weekly total net inflow — for the fourth consecutive week — of $62.73 million. Similarly, the spot Bitcoin ETFs appear to be losing interest from investors, as most funds recorded outflows to close the past week. The crypto products registered a daily net outflow of approximately $276 million on Friday. Ethereum Price As of this writing, the Ethereum price stands at around $3,342, reflecting a 2.4% decline in the past 24 hours. Given their impact on the value of ETH, it might be important for the spot ETFs to return to positive inflows if the Ethereum price is to see any relief. Related Reading: Bitcoin Drops Below $98K—Is This the Perfect Buying Opportunity for Investors? Featured image from iStock, chart from TradingView
Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January’s approval of these investment funds. Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week. The sell-off aligns with a general downturn in risk assets, triggered by the Fed’s updated economic projections released earlier this week. The US central bank now anticipates only two quarter-point rate cuts in the coming year, a significant reduction from the four cuts previously expected at its September meeting. Related Reading: How Low Can Dogecoin Go Before It Rebounds? Expert Forecasts Notable Bitcoin ETFs, including Grayscale’s Bitcoin Trust and Bitwise’s Bitcoin ETF, have experienced declines of approximately 8% since the Fed’s new guidance, while Bitcoin itself has lost about 9% in the same timeframe. Notably, Thursday’s outflows broke a streak of 15 consecutive days of inflows for the twelve US Bitcoin ETFs, for a net inflow of approximately $5.3 billion during this period. After hitting a record high of just over $108,000 earlier in this week, the market’s top cryptocurrency dropped below the $100,000 level on Thursday. Prior to the recent recovery, which is just around $100,000, it fell all the way to $92,000. While the bearish sentiment in the markets can be attributed to the Fed’s cautious stance, it is also likely influenced by seasonal profit-taking among institutional investors of the Bitcoin ETFs. Analysts Warn Of Continued Crypto Sell-Off The recent selling pressure could further strain market sentiment, as noted by Joseph Dahrieh, managing principal at Tickmill. “This decline could weigh strongly on the cryptocurrency and broader market sentiment, particularly as Bitcoin fell below the USD 100,000 mark, indicating potential short-term volatility and downside risks,” he remarked. The volatility has been exacerbated by massive liquidations in both long and short positions, totaling over $240 million within a 24-hour period. Antonio Di Giacomo, a senior market analyst at XS.com, commented, “The Federal Reserve’s cautious stance in signaling fewer cuts for 2025 created an atmosphere of doubt and speculation.” Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million Looking ahead, the sell-off in the cryptocurrency market may persist in the near term. Alex Kuptsikevich, chief market analyst at FxPro, speculated that the total market capitalization of cryptocurrencies could drop below $3 trillion, down from a peak of $3.7 trillion earlier this month. He cautioned that “a failure below $94,500 would signal a break of the uptrend of the last six weeks, while a fall below $92,000 would bring the price under the 50-day moving average. In this case, time is playing on the side of the bears.” As of this writing, Bitcoin has managed to stabilize above $97,400 as the week draws to a close, despite registering 4% losses over the previous 24 hours. Featured image from DALL-E, chart from TradingView.com
Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.
Strong price performance and staking could propel Ether ETF inflows in 2025, analysts say.