It marks the third consecutive week of inflows, reflecting a cautious yet optimistic investor base, Head of Research James Butterfill said.
Executive John Ameriks emphasized Vanguard's core view of the crypto sector hasn't changed, seeing the asset class as highly speculative.
The investment firm continues to rebalance its fund weightings amid market volatility, with Robinhood stock closing down 9% on Thursday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Markets are focused on Powell's speech, as six of seven FOMC meetings this year were followed by bitcoin sell-offs, analysts said.
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
"America’s first & largest crypto index fund — now in ETP format — is finally here," said Bitwise President Teddy Fusaro.
It marks the second consecutive week of inflows alongside outflows from short ETPs, hinting at easing negative sentiment, CoinShares said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The ETFs' trading volume fell to $3.1 billion on Thursday, compared to $4.2 billion on Wednesday and $5.3 billion on Tuesday.
Recent outflows from U.S.-listed spot bitcoin ETFs were driven by specific arbitrage trade closures, not widespread institutional panic.
A 6% rally in bitcoin helped push IBIT ahead of major funds like VOO, but crypto miners including IREN and CIFR posted steep losses.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Vanguard lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%–4%.
Although the acquisition of Innovator Capital Management does not directly mention crypto, it does inherently imply that Goldman Sachs is expanding into the digital assets arena.
Vanguard's platform services more than "50 million brokerage customers" who manage "over $11 trillion," Bloomberg said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The inflows marked a rebound following a four-week negative streak totaling $5.7 billion, but came ahead of the latest market slump on Monday.
Spot ether ETFs saw $1.42 billion exit the funds last month, marking their largest monthly outflow to date.
Crypto VCs explain what’s behind the crypto correction, whether a bottom is forming, and what they expect next.
The firm's US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.
Spot Solana ETFs, which broke a 21-day inflow streak on Wednesday, recovered from their stumble with modest inflows on Friday as well.
Flowdesk and QCP see short covering and dip buying supporting BTC around $90,000, while prediction markets assign low odds of a push toward $96,000.
Bloomberg Senior ETF analyst Eric Balchunas predicts over 100 new crypto ETFs will launch in the next six months.
Filing comes amid rapid growth in IBIT options activity and a migration of open interest toward US regulated venues.
Grayscale is looking to expand its lineup of cryptocurrency exchange-traded funds, this time with a product tracking Zcash.
Bitcoin's underperformance to equities signals a disconnect from fundamentals, making it a strong relative buy, K33's Vetle Lunde said.
A $10M budget allocation for BTC was approved with the reported $5M trade representing the first step toward deploying those funds.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
With JPMorgan's instrument, investors get a chance at a 1.5x upside, a fixed return if IBIT is flat in a year, and some downside protection.