The exodus comes amid growing economic concerns and geopolitical tensions, despite the Trump administration’s pro-crypto stance.
Global crypto investment products saw further net outflows of $1.7 billion last week, according to asset manager CoinShares.
Last week, Bitcoin (BTC) experienced significant volatility. Conflicting market signals created bearish pressure, preventing traders from setting a clear directional trend. As a result, major altcoins like Ethereum and XRP dropped below crucial price points. However, following hints from US CPI and PPI data that inflation may be easing, the market rallied, setting the stage …
Rising gold prices and strong bitcoin ETF outflows have pushed gold ETFs ahead as the precious metal prices hit record.
The Bitcoin ETFs appear to be struggling as asset managers race to gain approval for altcoin ETFs, such as Dogecoin, Axelar, and Polkadot.
The cryptocurrency market is starting to recover due to an overall increase in buying from traders. This boost follows a positive consumer price report and ease in global tensions. As a result, Bitcoin’s price is on its way to hitting $90K after getting past some key hurdles. However, with a bit of selling pressure now, …
The Bitwise Bitcoin Standard Corporations ETF holds the largest companies that adopted MSTR’s playbook of holding BTC as a treasury asset.
On Monday, Bitcoin’s price sharply fell below $80,000, influenced by ongoing sell-offs in the equities market. Over the weekend, Bitcoin faced strong downward pressure, breaking through key support levels. With sentiment shifting to bearish due to increased long liquidations, analysts are now assessing whether Bitcoin has reached its lowest point or if it might decline …
Despite President Trump implementing several crypto-friendly measures, such as creating a strategic crypto reserve, the market did not see an increase in buying demand. Last week, the crypto market experienced a decline, with major losses across Bitcoin, Ethereum, and other crypto exchange-traded products. According to a CoinShares report, crypto ETPs have collectively lost $4.75 billion …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. investors were the most bearish last week, pulling out $922 million from crypto funds, despite President Trump's executive order.
Canary Capital filed an S-1 registration with the SEC on Wednesday for the right to launch an Axelar ETF, according to a filing.
The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.
ARKB remains the top allocation within Ark Invest's Next Generation Internet fund, with a weighting of 10.3%.
Standard Chartered says $500,000 bitcoin target back in focus, after Trump's Crypto Strategic Reserve plan boosts market.
The Bybit hack, a more hawkish Federal Reserve and weakened sentiment contributed to the negative flows, James Butterfill said.
The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration.
Earlier this week, BlackRock's spot bitcoin ETF IBIT saw a record $418.1 million worth of net outflows amid an apparent market correction.
U.S. spot bitcoin ETFs saw $3.2 billion worth of net outflows in an eight-day negative streak, matching the longest since their debut.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT saw a record $418.1 million worth of net outflows on Wednesday amid the ongoing crypto market correction.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The rout in the cryptocurrency market on Tuesday brought about record outflows from spot bitcoin ETFs in the U.S
Ark bought COIN and sold ARKB as the Cathie Wood-led investment firm rebalanced its fund weightings on Tuesday.
Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.
While ARKB has yet to disclose flow data, analysts suggest that the rebalancing of institutional positions might have driven the outflows.
Funds which track the share price of Michael Saylor's Strategy have been sliding since last week as risk-off sentiment drags down crypto.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.
The cryptocurrency market's decline over the past day comes amid wider market uncertainty following new U.S. tariff plans.