Blackrock’s IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow

June 29, 2024 Bitcoin.com

Blackrock’s IBIT Leads as Spot Bitcoin ETFs See M in Daily Net Inflow

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Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains

June 27, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack The 11 spot bitcoin ETFs had a […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

US Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows

June 26, 2024 Bitcoin.com

Bitcoin ETFs

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows. U.S. Spot Bitcoin ETFs Rebound On Tuesday, spot bitcoin ETFs in the U.S. reversed a week-long trend […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June

June 10, 2024 Coin Telegraph

Bitcoin

In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.

Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two months’ worth of the cryptocurrency’s mining supply in the first week of June.

With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin (BTC) in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital.

The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capital’s count, and is the biggest week of buying since mid-March when Bitcoin hit its current all-time high of $73,679.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Blackrock’s IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows

June 8, 2024 Bitcoin.com

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U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S. spot bitcoin ETFs continued, adding another day of positive movement. […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

ETFs See 18 Days of Gains: Blackrock’s Bitcoin Holdings Surpass 300,000

June 7, 2024 Bitcoin.com

ARKB

Blackrock, the world’s largest asset manager, now holds more than 300,000 bitcoins following $217.7 million in positive inflows from all of the U.S. spot bitcoin exchange-traded funds (ETFs). Thursday’s inflows marked the 18th consecutive day of gains for the bitcoin ETFs. Bitcoin ETF Gains Continue Spot bitcoin ETFs in the U.S. have been thriving recently, […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs

June 6, 2024 Bitcoin.com

Investor Confidence Soars With 8M Inflows Into US Bitcoin ETFs

ARKB

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting to $488.1 million, with Fidelity’s FBTC leading the way. These inflows marked the 17th consecutive day of contributions from the 11 publicly traded funds. U.S. Spot Bitcoin ETFs See More Inflows on 17th Consecutive Winning Day U.S. spot bitcoin ETFs have been enjoying a […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

3 reasons why Bitcoin failed to break above $72K

June 5, 2024 Coin Telegraph

3 reasons why Bitcoin failed to break above K

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Regulatory uncertainty and volatile macroeconomic events may weaken further upside in the BTC price in the near term.

Bitcoin (BTC) registered a 5.9% gain between June 2 and 5, but its rally was halted at $71,746. This movement was supported by a nearly $1 billion worth of inflows into U.S.-listed Bitcoin spot exchange-traded funds, indicating strong demand from institutional investors.

Bitcoin’s bullish momentum was also fueled by the significant growth of the U.S. banking sector’s unrealized losses. However, despite favorable conditions, including a more crypto-friendly stance from U.S. lawmakers, Bitcoin was unable to break above $72,000.

According to Matt Hougan, Bitwise’s chief investment officer, regulatory uncertainty has hindered financial advisers from increasing their crypto exposure. Nevertheless, Hougan believes the U.S. is moving toward regulatory clarity, a shift that began when Democrats voted to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin ETFs make 26% of BlackRock’s 2024 inflows, 56% of Fidelity’s

June 4, 2024 Coin Telegraph

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However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard.

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have accounted for a significant share of the issuers’ total ETF inflows this year.

The Bitcoin ETFs amount to 26% and 56% in year-to-date inflows for BlackRock and Fidelity respectively, according to Bloomberg ETF analyst Eric Balchunas, citing data from Bloomberg Intelligence.

BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) have seen $16.6 billion and $8.9 billion in inflows since they launched nearly five months ago, according to Farside Investor data.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain $50M

June 1, 2024 Bitcoin.com

Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain M

ARKB

On Friday, U.S. spot bitcoin exchange-traded funds experienced their 14th consecutive day of inflows, totaling around $50 million. Leading the inflows once more was Blackrock’s IBIT, while Grayscale’s GBTC saw outflows. $1.7B in Trade Volume and $50M in Inflows During Friday’s Bitcoin ETF Trading Sessions Approximately $50 million in inflows were reported during Friday’s spot […]

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