Bitcoin ETFs flip gold funds in AUM: K33 Research

December 18, 2024 Coin Telegraph

Bitcoin

On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.

Net assets in United States Bitcoin (BTC) exchange-traded funds (ETFs) surpassed those in gold funds for the first time on Dec. 16 as institutional asset managers clamor for the cryptocurrency, according to data from K33 Research.

On Dec. 16, US BTC ETFs collectively broke $129 billion in assets under management (AUM), surpassing US gold ETFs, which held an amount just shy of that figure, according to a Dec. 17 post on the X platform by Vetle Lund, K33 Research’s head of research.

K33 Research is a digital asset researcher based in Norway.

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Demand for Bitcoin and Ethereum ETFs Seeing Just Tip of the Iceberg, Says BlackRock Executive: Report

December 15, 2024 The Daily Hodl

Bitcoin

Asset management titan BlackRock’s head of exchange-traded funds (ETFs) reportedly says that demand for Bitcoin (BTC) and Ethereum (ETH) ETFs is only just beginning to scratch the surface. According to senior Bloomberg ETF analyst Eric Balchunas, BlackRock executive Jay Jacobs says the asset management titan is now focusing on its BTC and ETH ETFs due […]

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BlackRock says 1-2% a ‘reasonable’ Bitcoin portfolio allocation

December 12, 2024 Coin Telegraph

Bitcoin

The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.

BlackRock, the world’s largest asset manager, said an up to 2% portfolio allocation is “reasonable” for investors who wish to hold Bitcoin (BTC), according to a Dec. 12 report.

The report, which was shared with Cointelegraph and first reported by Bloomberg, says 1-2% is “a reasonable range for a Bitcoin exposure” but cautions that larger allocations “would sharply increase Bitcoin’s share of the overall portfolio risk.”

Meanwhile, a 1-2% BTC allocation poses “on average, about the same share of overall portfolio risk” as a typical allocation to “the ‘magnificent 7’ group of mostly mega-cap tech stocks” in a portfolio comprising 60% stocks and 40% fixed income assets, BlackRock said.

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Billionaire Investor Abruptly Dumps $20,000,000,000 Portfolio, Pours Cash Into Four Assets: Report

December 7, 2024 The Daily Hodl

Billionaire Investor Abruptly Dumps ,000,000,000 Portfolio, Pours Cash Into Four Assets: Report

Asset Management

The head of a $210 billion asset management firm has decided to unload a massive pile of assets. Billionaire Israel “Izzy” Englander, CEO of Millennium Management, has sold off 68% of the firm’s Walmart (WMRT) position – 8.1 million shares worth about $745 million – according to its latest filings with the U.S. Securities and […]

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First Day of BlackRock’s IBIT ETF Options Sees $1,900,000,000 in Exposure: Bloomberg Analyst

November 21, 2024 The Daily Hodl

First Day of BlackRock’s IBIT ETF Options Sees ,900,000,000 in Exposure: Bloomberg Analyst

Bitcoin

Options on investment titan BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) debuted on the Nasdaq on Wednesday. In a post on social media platform X, Bloomberg Intelligence ETF analyst James Seyffart says options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw nearly $1.9 billion in notional exposure on day one of trading. Option contracts give […]

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BlackRock Bitcoin ETF options see ‘unheard of’ $1.9B traded on first day

November 20, 2024 Coin Telegraph

Bitcoin

Bloomberg’s senior ETF analyst Eric Balchunas said that “$1.9 billion is unheard of for day one” as the debut day for options on BlackRock’s spot Bitcoin ETF saw huge volumes.

Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), saw nearly $2 billion in total exposure traded, which could have pushed Bitcoin to its new high of over $94,000.

“Final tally of IBIT’s first day of options is just shy of $1.9 billion in notional exposure traded via 354,000 contracts,” Bloomberg ETF analyst James Seyffart reported on Nov. 20.

“These options were almost certainly part of the move to the new Bitcoin all-time highs today,” he added. Bitcoin (BTC) hit a new peak of $94,105 on Coinbase on Nov. 19, per TradingView.

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BlackRock’s IBIT Bitcoin ETF Surpasses iShares Gold ETF in Net Assets, Reaching Over $33,000,000,000

November 8, 2024 The Daily Hodl

Bitcoin

New data reveals that asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets. In a new thread on the social media platform X, Nate Geraci – co-founder of the ETF Institute – notes that BlackRock’s iShares Bitcoin Trust ETF (IBIT) took only 10 months to […]

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BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded

November 7, 2024 Coin Telegraph

<div>BlackRock Bitcoin ETF sees 'biggest volume day ever' with .1B traded</div>

bitcoin election

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.

BlackRock’s Bitcoin exchange-traded fund (ETF) witnessed a record day of trading after Donald Trump’s victory in the United States presidential election.

In a Nov. 6 post to X, Bloomberg ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) witnessed its “biggest volume day ever” with over $4.1 billion in daily trading volume on Nov. 6.

“For context that’s more volume than stocks like Berkshire, Netflix, or Visa saw today. It was also up 10%, its second-best day since launching, “ added Balchunas.

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BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading

November 6, 2024 Coin Telegraph

Bitcoin

Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.

Upward of $1 billion worth of BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) changed hands in the first minutes of trading after Donald Trump prevailed in the United States presidential election on Nov. 5, according to data from Bloomberg.

Analysts predict BTC’s price will keep rising now that Trump, a cryptocurrency-friendly Republican, is slated to start his second term as US president on Jan. 20.

Valuation models suggest “a $100,000 Bitcoin is quite possible by the time the 47th U.S. President heads to the Capitol for inauguration,” Fadi Aboualfa, head of research at Copper.co — a crypto custodian — told Cointelegraph in an email.

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BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report

October 31, 2024 The Daily Hodl

Bitcoin

Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded-fund (ETF) is reportedly setting new daily inflow records. According to a report from Yahoo Finance, investors poured $875 million worth of daily inflows into BlackRock’s $31 billion Bitcoin (BTC) ETF earlier this week as we approach November’s highly anticipated presidential election. In a recent interview with […]

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