On November 29, Bitcoin ETFs saw a net inflow of 415 $BTC, worth $40.83M, reflecting continued institutional demand for the leading cryptocurrency. Ethereum ETFs followed closely, recording a substantial net inflow of 10,500 $ETH, worth $37.85M. This surge in inflows comes as Bitcoin trades at $96,705, up 0.29% over 24 hours, with a 30-day growth …
Bitcoin spot ETFs have officially hit a major milestone in November, recording $6.2 billion in net inflows the highest ever seen in a single month. This surge broke the previous record of $6 billion set earlier this year in February, signaling growing interest from institutional investors in regulated Bitcoin products. Spot Bitcoin ETF Breaks Record …
Bitcoin ETFs recorded a net outflow of 3,674 $BTC ($343.96M), with Bitwise leading the withdrawals, losing 2,957 $BTC ($276.84M). Bitwise now holds 40,186 $BTC (~$3.76B). Ethereum ETFs weren’t spared, reporting a net outflow of 1,787 $ETH ($5.92M). Grayscale (ETHE) contributed heavily, offloading 5,941 $ETH ($19.7M), reducing its holdings to 1,502,976 $ETH (~$4.98B). Meanwhile, Bitcoin is …
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.
With President-elect Donald Trump set to begin his second term in the White House on January 20, Bloomberg reports that Wall Street is preparing to launch a new wave of financial products that invest in the crypto market. ‘Wild West’ Era For Crypto ETFs In the lead-up to Trump’s second term, executives and legal experts […]
Changpeng Zhao (CZ), the former Binance CEO, has taken a strong stance against meme coins, calling them “a little weird.” CZ urged blockchain developers to shift their focus toward creating projects with real-world utility rather than chasing hype. Meme coins often thrive on social media buzz but offer little practical value, leaving many investors with …
After registering more than $3 billion in cash inflows in the last week, the United States spot Bitcoin exchange-traded funds (ETFs) opened the last week of November in an overall poor performance. According to the latest market data, the US spot BTC ETFs registered a net cash outflow of about $438.38 million on Monday, November …
On November 25, Bitcoin ETFs saw a net inflow of $489.16 million, signaling strong institutional demand. BlackRock’s iShares Bitcoin Trust led the surge with an inflow of $492.28 million, bringing its total holdings to 492,623 BTC, valued at $46.96 billion. Similarly, Ethereum ETFs recorded a net inflow of $82.02 million on November 25. BlackRock’s iShares …
VanEck has extended the fee waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the first $2.5 billion in assets or until Jan. 10, 2026, according to a Nov. 25 statement. Under the terms, investors will not pay any fees for HODL until the $2.5 billion threshold is reached or until Jan. 10, 2026—whichever […]
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The recent weeks have seen a bullish trend in the crypto market, with Bitcoin’s price reaching new heights daily. As Bitcoin nears the significant $100K milestone, there has been a massive surge in inflow volume for ETFs. United States-based spot Bitcoin exchange-traded funds (ETFs) have recorded a staggering $3.1 billion in inflows in just one …
Whales remain undeterred by recent Bitcoin price fluctuations, continuing to accumulate BTC. Over the past 8 hours, six fresh wallets withdrew 1,110 BTC ($107.7M) from Binance, signaling strong confidence among major players. On the institutional side, Bitcoin spot ETFs saw a record-breaking net inflow of $3.38 billion from November 18 to November 24, marking seven …
Cboe, the derivatives exchange for digital assets and securities trading, is set to make a big addition to the crypto landscape by launching the first cash-settled index options linked to Bitcoin’s (BTC) spot price movements. Scheduled to debut on December 2, these options will be based on the Cboe Bitcoin ETF Index, which tracks a selection of US-listed spot Bitcoin exchange-traded funds. What This Means For Traders The introduction of these options follows closely on the heels of Nasdaq’s recent listing of spot Bitcoin ETF options. This move allows US investors to utilize derivatives to speculate on or hedge against BTC’s price movements. Related Reading: XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era Alex Thorn, head of firmwide research at Galaxy Digital, emphasized that reducing Bitcoin’s volatility could significantly alter investor perceptions. The availability of cash-settled options will provide institutions with effective tools to hedge their positions, potentially increasing overall market liquidity. This influx of options trading could also influence retail trading behavior, especially during bullish market conditions. Notably, the current surge in Bitcoin’s price, which reached an all-time high of $99,300, has been partly attributed to increased trading activity and market optimism. Therefore, introducing cash-settled options could further push Bitcoin over the $100,000 mark, especially given the increased buying pressure seen in recent days. Cboe’s options on the Bitcoin ETF Index will also enable market participants to gain exposure to spot Bitcoin ETFs and, by extension, to Bitcoin itself. The cash-settled nature of these options is said to simplify the process, as positions will be resolved in cash at expiration. Additionally, the options will feature a “European-style exercise,” meaning they can only be exercised on the expiration date, thus minimizing the risks associated with early assignment. Cboe Mini Bitcoin ETF Options In conjunction with the standard-sized index options, Cboe plans to launch Cboe Mini Bitcoin ETF Index options (Ticker: MBTX), valued at one-tenth the notional value of the standard options. Moreover, Cboe will also offer cash-settled FLEX options on both the standard and mini index options. FLEX options enable traders to customize key contract terms such as exercise price, exercise style, and expiration date, providing further flexibility in trading strategies and allowing for larger positions than typically permitted with standard options contracts. Related Reading: Dogecoin Price Set To Skyrocket By Saturday, Warns Crypto Analyst Rob Hocking, Cboe’s Global Head of Product Innovation, highlighted the benefits of cash settlement and the variety of index sizes available, which are expected to attract institutional and retail participants looking to hedge or capitalize on Bitcoin’s price movements without directly holding the asset. The exchange already lists cash-settled Bitcoin and Ether margin futures on Cboe Digital Exchange, with plans to transition these products to the Cboe Futures Exchange in the first half of 2025, pending regulatory approval. Cboe’s BZX Equities Exchange also holds a leading position in the US market for spot crypto ETFs, having captured a majority market share of available Bitcoin and Ethereum ETFs. When writing, the market’s leading cryptocurrency is trading at $99,240. Featured image from DALL-E, chart from TradingView.com
Bitcoin surged to $99,600, within 0.4% of the $100K milestone, as $1.38B USDT flowed into exchanges over the past 15 hours. Bitcoin ETFs saw net inflows of 10,495 BTC ($1.03B), with BlackRock adding 6,188 BTC ($606.5M), bringing its total holdings to 487,458 BTC ($47.78B). Ethereum ETFs gained 460 ETH ($1.52M), with Fidelity contributing 5,000 ETH …
As Bitcoin (BTC) reached a new all-time high (ATH) of $98,310 today, the ETH/BTC trading pair fell to multi-year lows, raising questions about the relative strength of Ethereum (ETH), the second-largest digital asset. What’s Causing Ethereum’s Underperformance Against Bitcoin? Bitcoin’s new ATH earlier today brings it within $2,000 of the coveted $100,000 mark. However, BTC’s sustained dominance has resulted in the underperformance of altcoins, particularly Ethereum, throughout the year. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up The weekly chart below reveals that the ETH/BTC trading pair has dropped to a multi-year low of 0.0331 – a level last seen in March 2021. Since December 2021, the pair has failed to form a new higher high, reflecting a decline of over 60%. The pair’s losses have accelerated since July 2024, coinciding with Bitcoin’s price surge, driven by rising optimism over pro-crypto Republican candidate Donald Trump’s prospects in the U.S. presidential election. The success of Bitcoin exchange-traded funds (ETFs) has also contributed to institutional preference for BTC over other cryptocurrencies. At present, BTC ETFs hold more than $100 billion in total net assets. While Ethereum ETFs have also received regulatory approval, they haven’t matched the success of their Bitcoin counterparts. For instance, US-based spot Ethereum ETFs have accumulated only $8.96 billion in total net assets so far. Additional factors, such as Bitcoin’s halving in April 2024 – reducing miner rewards from 6.25 BTC to 3.125 BTC—have further reinforced BTC’s supply scarcity narrative. In contrast, Ethereum’s rising issuance rate has led some experts to question its “ultrasound money” status. Additional factors such as Bitcoin halving in April – which slashed miner rewards from 6.250 BTC to 3.125 BTC – further reinforced the digital asset’s supply scarcity narrative. In contrast, Ethereum’s rising issuance rate has led some experts to question its “ultrasound money” status. When Will Ethereum Recover Losses Relative To BTC? With the ETH/BTC trading pair hitting new lows, Ethereum traders are eager to know when ETH might recover its losses. Several analysts have shared their views on X. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation Crypto analyst @CryptoGemRnld recently identified two strong support zones: a trendline support and a demand box zone. According to the analyst, since 2017, the ETH/BTC pair has historically rebounded from these levels, often leading to altcoin seasons. Similarly, seasoned trader Peter Brandt has suggested that the ETH/BTC ratio may be approaching its bottom. Brandt’s analysis predicts a potential reversal in December, with the trading pair beginning an upward trajectory. Supporting this outlook, recent data indicates that ETH may be undervalued at current prices. The limited inflow of ETH to exchanges, coupled with a lack of significant profit-taking, suggests that ETH bulls are holding out for further gains. Additionally, spot ETH ETFs have been recording significant inflows, attracting over $515 million between November 9 and November 15. At press time, ETH trades at $3,333, up 7.4% in the past 24 hours. Featured image from Unsplash, charts from Tradingview.com
With Bitcoin crossing above the $99,000 mark, the Bitcoin ETF market registered a positive inflow on Nov 21. The net flows reached $842.74 million by purchasing 8,585 Bitcoins. BlackRock’s iBit was the leader in the pack with the purchase of 6,644 Bitcoins worth $652 million and is currently holding 481,270 Bitcoins worth $47.24 billion. The …
Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
Reflexivity squared: How Bitcoin ETF options could lead to explosive price movements.
BlackRock, the world’s largest asset manager, has officially launched options trading for its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This debut comes after the ETF received regulatory approval in January and has since attracted significant inflows. Increased Liquidity And Reduced Volatility On The Horizon According to Bloomberg, the introduction of options trading on the $43 billion iShares Bitcoin Trust is anticipated to reduce volatility while broadening Bitcoin’s investor base. Related Reading: VanEck Gives Official Backing To Donald Trump’s Bitcoin Reserve Strategy Alex Thorn, head of firmwide research at Galaxy Digital, stated during a Bloomberg Television interview that as Bitcoin becomes more widely held, its volatility is likely to decrease. “Options will help dampen volatility, and as volatility comes down, people can take larger position sizes,” he explained. Thorn noted that a decrease in volatility could shift investor sentiment, encouraging them to view Bitcoin as a viable asset for fundamental use cases rather than merely a speculative gamble. The availability of options will also enable institutions to hedge their positions more effectively, increasing liquidity and potentially impacting retail trading during bullish market conditions. Call Options Dominate BlackRock’s Bitcoin ETF On Day 1 Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that on the first day of options trading, the total notional exposure for IBIT reached nearly $1.9 billion, spread across 354,000 contracts. Of these contracts, 289,000 were calls, while 65,000 were puts, resulting in a bullish call to put ratio of 4.4:1. Seyffart claimed that this overwhelming interest in call options contributed to Bitcoin hitting new all-time highs of $94,000 during Tuesday’s trading session for the market’s leading crypto. Balchunas, on the other hand, pointed out that the majority of options contracts are bullish, especially the December 20 call option, which essentially bets that the Bitcoin price will double within a month. This means that based on current prices, investors are expecting BTC to hit a new record high of little over $180,000 by that date. The put/call volume ratio for BlackRock’s Bitcoin ETF was “impressive,” according to Balchunas, who noted that the ratio of 0.17 indicates strong bullish sentiment compared to other ETFs, such as the SPDR S&P 500 ETF (SPY) with a ratio of 1.1. Related Reading: Bitcoin Reaches New High Of $94,000: Blockstream CEO Anticipates $1 Million Ahead Market expert Marty Party highlighted in a social media post that options on the iShares Bitcoin Trust will settle in actual Bitcoin. This means that when an option contract is exercised, settlement will involve the delivery of Bitcoin, giving investors direct exposure to BTC price movements without the need to interact with crypto exchanges. At the time of writing, the market’s leading digital asset is trading at $91,580, up 4% in the weekly time frame after today’s bullish move to its new high. Featured image from DALL-E, chart from TradingView.com
As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The launch of BlackRock’s iShares Bitcoin Trust (IBIT) options was nothing short of explosive. $2 billion in trades on day one? That’s not just big—it’s historic. But let’s not pop the champagne just yet. Some pretty strict trading limits might put a damper on its long-term potential. So, is IBIT just a flash in the …
Bitcoin is nearing an important Fibonacci level on its price chart, with experts predicting an imminent breakout. Analyst Josh of Crypto World suggests Bitcoin could soon hit resistance at the 1618 Fibonacci extension level, which is between $94,000 and $95,000. Spot Bitcoin ETFs Seeing Inflows On the heels of this announcement, the market saw a …
Spot bitcoin exchange-traded funds options are making solid volume on their first day.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
As the BTC price is sustaining dominance above the $91,000 mark, the buyers anticipate a new spike above $92,000. Amid the increasing bullish sentiments, the Bitcoin spot ETFs had a total net inflow of $255 million on November 18. Leading the pack, BlackRock’s iBit had a net inflow of $90 million, followed by Fidelity’s $60 …
As the historical alignment for the US pro-crypto regulators prepares for a major shift in Bitcoin (BTC) mainstream adoption, institutional investors have continued to double down on funds deployment. In the latest updates, Nasdaq Head of ETP Listings, Alison Hennessy, confirmed on Monday that the Options for BlackRock’s IBIT will begin trading as early as …
Options trading on spot bitcoin exchange-traded funds could become available as soon as Tuesday, according to Nasdaq.
BlackRock’s iShares Bitcoin Trust (IBIT) options are set to begin trading tomorrow, according to the head of ETP listings at Nasdaq. In a statement today, the Options Clearing Corporation (OCC), declared its readiness to clear and settle options for spot Bitcoin ETFs, such as the BlackRock’s iShares Bitcoin Trust (iBIT). Following the announcement, Bloomberg Senior …
After MicroStrategy, Billionaire investor Paul Tudor Jones has made waves in the crypto space by dramatically increasing his Bitcoin holdings through BlackRock’s Institutional Bitcoin Trust (IBIT). According to recent SEC filings, Jones has quintupled his Bitcoin position, now valued at an impressive $159.9 million. This strategic move places him among the top 10 holders of …
In a recent episode of the Thinking Crypto Podcast, host Tony Edward and guest Matt Hogan, Chief Investment Officer at Bitwise Asset Management, explored the transformative potential of XRP, the growing prominence of Bitcoin and Ethereum ETFs, and the exciting trajectory of the crypto market heading into 2025. XRP: Resilience Amidst Challenges Kicking off the …