The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $2.2 billion in net inflows globally, marking the largest inflow since July. This rise in inflows comes amid the gradual recovery of top crypto assets last week, with the majority now reclaiming major highs and registering nearly double-digit gains over the past 7 days. Related Reading: Can Bitcoin Price Reach A New All-Time High? This Golden Cross Suggests So Who Led the Charge? Bitcoin-based products were the standout beneficiaries of last week’s inflows. US spot Bitcoin exchange-traded funds (ETFs) added $2.1 billion, with BlackRock’s IBIT ETF alone generating over $1.1 billion. The cumulative inflows for these Bitcoin ETFs, which began trading in January, now stand at $21 billion. These funds have grown to manage a record $66 billion in assets under management, highlighting their significant role in the market. Notably, the renewed confidence in Bitcoin products mirrors earlier this year’s positive sentiment. Last week’s inflows were the largest since March, when US spot Bitcoin ETFs saw $2.6 billion as Bitcoin reached its all-time high above the $73,000 price mark. This strong demand suggests that investors remain bullish on Bitcoin’s long-term prospects, despite recent market fluctuations. While Bitcoin stole the spotlight, other cryptocurrencies also experienced inflows last week although way lesser than that of BTC. Ethereum-based products attracted $58 million in net inflows, while Solana, Litecoin, and XRP-based funds saw smaller inflows of $2.4 million, $1.7 million, and $700,000, respectively. However, multi-asset investment products did not fare well, experiencing net outflows of $5.3 million, ending a 17-week streak of consecutive inflows. What Prompted The Surge In Crypto Inflow? According to CoinShares, this surge in inflows is tied to growing optimism about the upcoming US elections, with a potential Republican victory driving investor sentiment. Many believe that a Republican administration would favor the digital asset market more favorably, leading to an increase in investor confidence and positive price momentum. James Butterfill, Head of Research at CoinShares, particularly noted: We believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming US elections, as they are generally viewed as more supportive of digital assets. Notably, Butterfill, reiterated these views, adding that trading volume for these investment products surged by 30% last week. Total assets under management (AUM) for crypto funds are now nearing the $100 billion mark on a global scale, highlighting the substantial interest in digital assets. Related Reading: HODL Fever: Bitcoin Holders Refuse To Sell As Data Shows Record BTC Stash However, while US-based funds thrived, investment products in other countries such as Canada, Sweden, and Switzerland experienced net outflows, indicating a more polarized global market. Featured image created with DALL-E, Chart from TradingView
Following the approval of options trading on BlackRock’s Bitcoin ETF (exchange-traded fund) on Nasdaq, it was only a matter of time until the United States Securities and Exchange Commission (SEC) authorized ETF options trading on other exchanges. On Friday, October 18, the commission permitted the New York Stock Exchange (NYSE) and Chicago Board Options Exchange […]
The SEC recently shook up the crypto world by approving options trading on bitcoin ETFs. If you’re into crypto, this news is big. With this approval, the door is wide open for investors to dig deeper into bitcoin-related products, and it might change how the market operates. Big Decision by SEC Two major exchanges got …
The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs.
Bitcoin is holding strong above $67,000 after setting a new local high of around $68,300, fueling excitement among investors. This bullish momentum is driven by price action and supported by key market data signaling a potential uptrend continuation. Related Reading: Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising Daan, a top crypto analyst, shared crucial insights showing that Bitcoin ETFs have been buying heavily for the past four days. This surge in institutional demand is a positive signal for the market, as it could further propel Bitcoin toward new all-time highs. The next few days will be critical for Bitcoin’s trajectory, with many traders and investors eyeing a potential breakout to historic levels. The anticipation grows as BTC edges closer to these highs, making the upcoming price movements pivotal in shaping the market’s direction. Bitcoin Demand Rising The whole market is buzzing with excitement and volatility, with Bitcoin leading the way by establishing a clear uptrend since early September. Analysts and investors are attributing part of this surge to the Federal Reserve’s recent interest rate cuts, but other significant factors influence Bitcoin’s price action. Key data shared by Daan, a top crypto analyst, reveals that Bitcoin ETFs have seen substantial inflows over the past week. The last four trading days alone have witnessed a combined $1.639 billion in inflows, making this week one of the most successful since the inception of Bitcoin ETFs. This surge in institutional demand signals that traditional investors are increasingly confident in Bitcoin’s future, driving up demand and boosting the price. Despite the current optimism, there is caution among market observers. Historically, periods of heightened excitement and euphoria in the market are often followed by price retracements or consolidation. Related Reading: Analyst Forecasts XRP Bullish Breakout – A 1,000% Opportunity? Bitcoin tends to mark local tops when sentiment peaks, which could signal a cooling-off period before the next major move. Investors are closely watching for signs of a potential pullback or whether Bitcoin will continue to climb toward new all-time highs in the weeks ahead. Key Levels To Watch Bitcoin is trading at $67,000 after a 2% retrace from its recent local top at $68,388. Despite this slight pullback, the price is holding firmly above the previous high of $66,500, signaling a strong consolidation phase that could set the stage for another move higher. For the bullish momentum to continue, BTC must maintain its position above $66,500. If it does, the price could soon push toward new highs. However, if Bitcoin fails to hold above this critical level, a healthy retrace to the daily 200-day moving average (MA) would still indicate strength in the market. The 200-day MA has historically been a reliable support level during uptrends, providing a foundation for further gains. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs If the price falls below the 200-day MA, a deeper correction to $60,000 is likely. This level represents significant demand and could offer another buying opportunity before the next leg. Featured image from Dall-E, chart from TradingView
An Alabama man was arrested on Thursday morning after prosecutors claimed he hacked the U.S. Securities and Exchange Commission’s social media account, which posted a false announcement about the approval of spot bitcoin exchange-traded funds. Eric Council Jr. is accused of taking over the SEC’s X account in January and then transferring control to unnamed …
As the crypto market recovers, the Bitcoin ETF market is performing really well with the cumulative net inflow for the 11 Bitcoin ETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale GBTC, the total net cumulative inflow jumps to …
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
CME Bitcoin Futures Open Interest Hits All-Time High with Third-Largest Five-Day Increase, Following Two Price Surges.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders' demand for crypto investment products.
More than half a billion dollars flowed into spot Bitcoin ETFs in the US as the cryptocurrency topped $66,000.
A survey reveals that nearly half of traditional hedge funds now have exposure to digital assets, with global regulatory clarity boosting confidence.
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.
Bitcoin faced a significant fall yesterday and this fire did not even spare the ETF ecosystem. Bitcoin ETFs, yesterday recorded their largest outflow in a month. This broke the eight day inflow streak. This outflow coincided with the 6% drop in value of Bitcoin majorly due to rising war tension in the Middle East. Who …
Amidst the aggravating tensions in the Middle East, Bitcoin ETFs witnessed huge outflows of $242.6 million on Tuesday, marking their worst day since September 3. BTC fell to a low of $60,300, washing out almost all of its gains since the Fed’s rate cut last month. The outflows broke an eight-day streak of inflows as …
The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East.
Geopolitical tensions are causing significant volatility in Bitcoin markets, challenging its status as a safe haven asset and impacting investor behavior.
The post US Bitcoin ETFs face setbacks as Bitcoin retreats amid rising Middle East conflicts appeared first on Crypto Briefing.
Ether funds registered $87 million in net inflows to break a five-week losing streak while bitcoin products added $1 billion.
In a recent interview with CNBC, Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), addressed ongoing enforcement actions against key players in the cryptocurrency industry. His remarks come amid rising discontent among investors and participants who feel the regulatory landscape has become increasingly hostile. Regulatory Oversight Essential For Innovation? Gensler began by […]
As enthusiasm surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States continues to grow, Hong Kong has embarked on its journey to establish a spot ETF market for these digital assets. However, the performance of these exchange-traded funds in Hong Kong has not matched the success seen in the US, raising […]
Cardano founder's upcoming meeting with the Argentine president Javier Milei is one of the main bullish factors for ADA this week.
Cardano founder's upcoming meeting with the Argentine president Javier Milei is one of the main bullish factors for ADA this week.
Exploring the unique strategies and competitive landscape of BlackRock's IBIT vs. MicroStrategy
They could potentially spark an "explosively recursive” price upside for Bitcoin, according to one investment manager.
This week, Bitcoin ETFs witnessed strong inflows as the Bitcoin price briefly touched the $64k peak. This week’s net flow totals $397M, with net inflows on 4 out of 5 trading days. The second consecutive bullish week for Bitcoin ETF ends, following the $403M inflow last week. Ending the week on a positive note, the …
The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges in January.
As the crypto market bounces back, Bitcoin marks a 24-hour high above the $64,000 mark. The BTC price has increased by 7.90% this week, followed by a 7.7% recovery the previous week. Supporting the bullish trend, the Bitcoin ETF market bounced back yesterday with $158.3 million in total inflows. The total net Bitcoin held by …
As the world’s largest asset manager and issuer of crypto exchange-traded funds (ETFs), BlackRock, solidifies its foothold in the industry, the firm’s Head of Digital Assets, Robbie Mitchnick, recently made interesting statements on key issues regarding BlackRock’s position and vision of the financial landscape. In a recent interview with Bankless, Mitchnick outlined BlackRock’s strategy for […]
The crypto market is up today, following a bullish performance from US equities markets and traders’ anticipation of an interest rate cut by the Federal Reserve.
Grayscale's significant outflows highlight shifting investor confidence and could signal broader market volatility and changing ETF dynamics.
The post Grayscale Bitcoin ETF surpasses $20B net outflows appeared first on Crypto Briefing.