
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) clocked more than $37 billion in net inflows during 2024, outpacing its competitors, according to data from Farside Investors.
BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in a Dec. 31 post on the X platform.
As the world’s largest asset manager, BlackRock also led the pack among Ether (ETH) ETFs. The iShares Ethereum Trust (ETHA) pulled $3.5 billion in net inflows during 2024, according to Farside.
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more.
Wall Street appears to have embraced the altseason, with Ether (ETH) surpassing Bitcoin (BTC) in exchange-traded funds inflows during the final week of November.
According to CoinShares, net inflows for ETH funds reached $634 million over that week, setting a new record of $2.2 billion in 2024 as investors diversify portfolios in anticipation of improved regulatory conditions in the United States.
Markets are likely watching the prospects of additional revenue coming from ETH funds. Analysts from Bernstein Research anticipate that Ether ETFs may soon feature staking yields. “We believe, under a new Trump 2.0 crypto-friendly [Securities and Exchange Commission], ETH staking yield will likely be approved,” Bernstein said on Dec. 2.
As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.
Grayscale Investments, one of the world’s largest Bitcoin exchange-traded fund (ETF) issuers, is making moves to improve the cost efficiency of its crypto ETFs through reverse share splits.
On Nov. 19, Grayscale completed reverse share splits of its two crypto ETFs, the Grayscale Bitcoin Mini Trust ETF (BTC) and Grayscale Ethereum Mini Trust ETF (ETH).
Grayscale said the reverse share splits for the ETFs are designed to make the trading of securities more “cost-effective.”
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
The United States presidential election on Nov. 5 could determine the fate of more than half a dozen proposed cryptocurrency exchange-traded funds (ETFs) waiting on a green light from regulators.
In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC), among others.
Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens.
The value of the ARK 21Shares Bitcoin ETF shares held by the state’s pension fund increased by roughly $1 million since being reported.
The State of Michigan Retirement System has added exposure to Ether exchange-traded funds (ETFs), according to a United States Securities and Exchange Commission (SEC) filing.
In a Nov. 4 SEC filing, Michigan’s state pension fund disclosed holding 460,000 shares of the Grayscale Ethereum Trust and 460,000 shares of the asset manager’s Ethereum Mini Trust. The investment, reporting for Sept. 30, added to the fund’s previously disclosed exposure to the ARK 21Shares Bitcoin ETF.
At the time of publication, the total value of the Bitcoin (BTC) and Ether (ETH) investments was roughly $18 million if Michigan maintained its holdings. The value of the 110,000 shares of the ARK 21Shares Bitcoin ETF held by the pension fund increased by roughly $1 million since being reported on June 30.
Some analysts are eying an Ether rally above $3,000, but traders may have to wait until October.
Inflows into Ether exchange-traded funds (ETFs) have turned positive for the first time in over two weeks.
The nine US spot Ether (ETH) ETFs recorded a cumulative $5.9 million worth of net positive inflows, marking the first green day since Aug. 14.
BlackRock’s ETF (ETHA) saw the largest daily inflow of $8.4 million, according to Farside Investors data.
The asset manager has expanded its portfolio of crypto-based products in Brazil with the debut of the recently launched iShares Ethereum Trust through a depositary receipt.
BlackRock is expanding its crypto product offerings overseas. On Aug. 28, the company listed its Ethereum exchange-traded fund (ETF) through a depositary receipt on Brazil’s stock exchange B3.
According to local reports, retail and institutional investors can trade the iShares Ethereum Trust (ETHA) under the ticker ETHA39 in the country.
A depositary receipt is a security representing shares in a foreign company or fund. It is typically traded in the local currency and backed by the original asset. As BlackRock introduces its Ether (ETH) ETF to the local market, the shares will be offered at a price equivalent to one-third of their original value.