Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s recent sell-off below $102,000 represents ‘max desperation’ among retail investors rather than fundamental weakness. While small traders are hitting breaking points, institutional investors continue adding positions through Bitcoin ETFs. This divergence between retail panic and institutional confidence could fuel Bitcoin’s next rally.
about Bitwise CIO: Bitcoin Sell-Off Signals Final Retail Panic PhaseFidelity Wise Origin Bitcoin Fund
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Calamos Files for Laddered Bitcoin ETF with 20% Loss Protection
Calamos Investments, managing over $40 billion in assets, has submitted a filing for a ‘laddered’ Bitcoin ETF designed to protect investors from losses exceeding 20%. The ETF will invest in options contracts linked to five established Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Mini Trust. This move reflects growing demand for crypto exposure with risk mitigation, as Bitcoin’s volatility remains significantly higher than traditional equity indexes. Calamos previously launched three ‘protected’ Bitcoin ETFs in January, signaling a strategic focus on safer crypto investment products.
about Calamos Files for Laddered Bitcoin ETF with 20% Loss ProtectionBitcoin Price Plunges Close to $64,000 Amid ETF Withdrawals
Bitcoin’s price dropped to nearly $64,000 as US spot Bitcoin ETFs experienced significant outflows, with Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund being the most affected. The selling pressure may be attributed to the German government’s transfer of approximately $195 million in Bitcoin to exchanges since June 19, alongside hedge funds reducing their market exposure to Bitcoin. Additionally, macroeconomic factors, including the Federal Reserve’s stance on interest rates, could further impact the market.
about Bitcoin Price Plunges Close to $64,000 Amid ETF WithdrawalsSpot Bitcoin ETFs See Second-Highest Inflows in a Single Day
Spot Bitcoin ETFs have seen significant inflows, reaching $886.7 million in a single day, the second-highest on record. Since receiving approval from the U.S. Securities and Exchange Commission in January, these ETFs have attracted substantial investor interest, with professional firms outpacing gold ETF investments in the first quarter. Additionally, major hedge funds and Registered Investment Advisors in the U.S. have collectively invested over $2.6 billion in Bitcoin ETFs.
about Spot Bitcoin ETFs See Second-Highest Inflows in a Single DayBitcoin ETFs See Second-Best Inflow Day with $887 Million Gains
Bitcoin ETFs in the United States experienced a significant inflow of $887 million, marking the second-highest net inflow day on record. The Fidelity Wise Origin Bitcoin Fund led with $378.7 million, followed by BlackRock’s iShares Bitcoin Trust at $275 million. Despite some ETFs not seeing any demand, the overall trend reflects growing interest in Bitcoin investment, with Bitcoin rallying 2.9% to $71,000 over the last 24 hours.
about Bitcoin ETFs See Second-Best Inflow Day with $887 Million GainsGrayscale Bitcoin ETF Records Fluctuating Inflows and Outflows in May
Grayscale Bitcoin ETF saw a brief surge in investments, but quickly experienced significant outflows, nullifying the inflows. While other Bitcoin ETFs recorded positive or no investments, Grayscale Bitcoin Trust consistently faced outflows, with the net balance being kept positive by contributions from other participants. VanEck CEO anticipated major institutional investments in Bitcoin ETFs from banks and traditional firms by May.
about Grayscale Bitcoin ETF Records Fluctuating Inflows and Outflows in MayGrayscale Bitcoin Trust Records Inflows After Months of Outflows
Grayscale Bitcoin Trust (GBTC) saw its first day of positive inflows in four months, with $63 million recorded on May 3. This comes after continuous outflows since its conversion to a Bitcoin exchange-traded fund in January. The influx of funds into various Bitcoin ETFs has sparked speculation about its impact on Bitcoin’s price, which has increased by 4.91% in the past 24 hours. Additionally, factors contributing to Grayscale’s outflows include high fees and the selling off of GBTC shares by bankrupt crypto firms.
about Grayscale Bitcoin Trust Records Inflows After Months of OutflowsBitcoin ETFs Experience Record Outflows Amid Price Volatility
Bitcoin ETFs in the United States experienced record net outflows, with BlackRock’s iShares Bitcoin Trust seeing its first-ever outflow day. On May 1, a total of $526.8 million flowed out of nine Bitcoin ETFs, while gold ETFs also saw significant outflows despite gold’s 16% year-to-date increase. Bloomberg ETF analyst James Seyffart noted that the Bitcoin ETFs are still “operating smoothly across the board,” with inflows and outflows being a normal part of ETF life.
about Bitcoin ETFs Experience Record Outflows Amid Price VolatilityBitcoin Price Stability Amidst ETF Outflows and Analyst Predictions
The price of Bitcoin has remained relatively stable post-halving, hovering above $60,000 despite significant outflows from US Bitcoin ETFs. Analysts predict a potential downturn if the price falls below $63,300, with recent outflows attributed to US inflation data indicating higher bond yields. JPMorgan notes a weakening correlation between Bitcoin ETF prices and inflows, with recent liquidations totaling $60 million, including $13.48 million from BTC.
about Bitcoin Price Stability Amidst ETF Outflows and Analyst PredictionsGrayscale Bitcoin Trust Market Share Falls Below 50% Amid ETF Competition
Grayscale’s Bitcoin ETF market share drops below 50% for the first time since its launch, with consistent outflows leading to a decline in assets under management. Despite this, growing inflows into other Bitcoin ETFs have been driving factors behind the rapid appreciation in Bitcoin’s price, reaching a new all-time high. BlackRock’s fund now holds over 200,000 BTC, worth roughly $14.3 billion at current prices.
about Grayscale Bitcoin Trust Market Share Falls Below 50% Amid ETF Competition