BlackRock’s Bitcoin ETF Nears $100B, Redefining Crypto

BlackRock’s spot Bitcoin ETF IBIT is approaching the $100 billion asset threshold at a pace never before seen in the exchange-traded fund industry, fundamentally reshaping institutional crypto adoption. With over 800,000 BTC worth approximately $98 billion under management, the fund has not only become BlackRock’s most profitable product across its global lineup of more than 1,000 ETFs but has also consolidated Wall Street’s dominance in the cryptocurrency landscape. This explosive growth reflects a powerful convergence of institutional demand, favorable regulatory developments, and Bitcoin’s recent price surge to a new all-time high of $125,000.

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Ether ETFs See $796M Outflows as ETH Price Drops 10%

U.S. spot Ether exchange-traded funds are facing a severe test of investor confidence, recording five consecutive days of net outflows totaling $795.8 million as the price of Ether itself cratered by over 10%. This synchronized downturn, revealed by data from Farside Investors and CoinMarketCap, points to a rapid cooling of retail participation and raises significant questions about the near-term trajectory for the world’s second-largest cryptocurrency.

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Ethereum ETFs See $1B Outflows Amid Staking Debate

U.S. spot Ethereum ETFs witnessed a dramatic reversal with nearly $1 billion in net outflows from August 29 to September 5, following $1.58 billion in inflows the prior week. This volatility underscores three key dynamics: macro economic data (particularly PCE releases) directly impacts flow patterns, the lack of embedded staking yield reduces holding incentives during drawdowns, and issuer-level fee disparities create uneven flow distributions. The products’ design—currently excluding staking rewards—makes them particularly sensitive to short-term market movements. However, potential SEC approval for staking within ETFs could fundamentally reshape demand by adding 3%+ annual yield, with analysts projecting possible approval by late 2025. This structural change would transform these ETFs from pure exposure vehicles into yield-generating instruments, potentially stabilizing flows during market turbulence.

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Ether ETF Outflows Hit $787M, Trader Eyes Rebound

Spot Ether exchange-traded funds in the United States experienced significant outflows during the holiday-shortened trading week, with four consecutive days of net withdrawals totaling $787.6 million. This reversal follows a remarkably strong August performance where Ether ETFs attracted $3.87 billion in net inflows, dramatically outperforming Bitcoin ETFs which saw $751 million in outflows during the same month. The recent outflow trend, including a single-day withdrawal of $446.8 million on Friday, contrasts with Bitcoin ETFs which recorded $250.3 million in net inflows during the same four-day period. Market observers are watching whether Ether’s recent price performance might trigger a reversal of these outflow trends.

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Spot Ether ETFs See $59M Outflows as ETH Nears ATH

Spot Ether exchange-traded funds (ETFs) recorded $59.3 million in outflows on Friday, ending an eight-day inflow streak that had added approximately $3.7 billion to the products, per Farside data. This shift occurred as Ether (ETH) narrowly missed retaking its 2021 peak of $4,878, falling just 1.94% short before pulling back to $4,448. The market movement highlights volatility in crypto ETFs amid fluctuating ETH prices.

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Wall Street Pours $3.6B into Bitcoin & Ethereum ETFs

The past week showcased Wall Street’s robust demand for cryptocurrency, with Bitcoin and Ethereum ETFs attracting a combined $3.6 billion in inflows. Bitcoin ETFs alone saw over $2.5 billion, driven by massive inflows into BlackRock’s IBIT, Fidelity’s FBTC, and Ark Invest’s ARKB. Ethereum ETFs also set records, with $908.1 million in inflows, led by BlackRock’s ETHA. These investments propelled Bitcoin to a new all-time high of nearly $119,000 and Ethereum to a multi-month peak of $3,040. The data underscores the increasing institutional interest in crypto, with Bitcoin ETFs experiencing only one negative day since June 9.

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Spot Bitcoin ETFs Hit $1B Inflows Two Days Straight

US spot Bitcoin ETFs saw unprecedented inflows exceeding $1 billion for two straight days, coinciding with Bitcoin’s surge to record highs. On Friday, inflows totaled $1.03 billion, following $1.17 billion the previous day, according to Farside data. Nate Geraci of NovaDius Wealth Management noted that only seven days since January 2024 have seen such massive inflows, with two occurring this week. The last comparable inflow was on Jan. 17 with $1.07 billion. This surge highlights growing institutional and retail interest in Bitcoin through regulated financial products.

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Spot Ether ETFs See First Outflow After Record 19-Day Inflow Streak

Spot Ether ETFs experienced their first net outflow of $2.1 million on June 13, breaking a record 19-day inflow streak that began on May 16. Despite the sustained demand, Ether (ETH) is trading below its price at the start of the streak, raising questions about market momentum. The data, sourced from Farside, highlights shifting investor sentiment as the crypto market navigates volatility post-ETF launch in July 2024.

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Crypto Analysts See Short-Term Dip, Bull Run Ahead

The cryptocurrency market experienced a sharp decline, with Bitcoin, Ethereum, and Solana losing significant value amid $1.2 billion in futures liquidations. However, analysts like HashKey Capital’s Han Xu believe the correction is temporary, pointing to potential Federal Reserve policy shifts and regulatory easing as drivers for a future rally. Bitcoin’s fixed supply, rising institutional adoption ($45.29B in ETF inflows), and high liquidity sensitivity (beta >8.5) suggest long-term growth potential, with some projecting a $1M BTC price by 2035 if it matches gold’s market cap.

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Bitcoin ETFs Face Outflows as Price Stalls Near ATH

Spot Bitcoin ETFs have struggled to maintain inflows in early June, with consecutive outflows totaling over $600 million between May 30 and June 6. Grayscale’s GBTC remains a major contributor to the outflows, while BlackRock’s IBIT, historically a leader in inflows, saw only modest activity. Bitcoin’s price has been range-bound between $104,000 and $106,000, failing to break past its May 22 all-time high of $111,653. This price stagnation appears to be dampening ETF demand, contrasting sharply with the aggressive inflows seen during mid-May’s bullish rally. However, a recent uptick in Bitcoin’s price could signal a potential reversal in ETF flows if the momentum holds.

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