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Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

Blackrock Amasses  Billion in Bitcoin, Approaches 2% of Total SupplyFrom Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Bitcoin ETFs See $365M Inflows as Ether Funds Slip

Bitcoin ETFs See 5M Inflows as Ether Funds SlipOn Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Bitcoin rallied above $65K, but will BTC price hold this level?

Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?

Bitcoin’s price dropped to $62,705 in the early hours of Sept. 26, causing bulls to temporarily lose hope after the third rejection at the $64,000 resistance level in just four days. However, the tide shifted as the United States stock market opened, propelling the S&P 500 index to a new all-time high. Bitcoin (BTC) soon followed, gaining over 3% to reclaim the $65,000 level.

S&P 500 futures (magenta) vs. Bitcoin/USD (blue). Source: TradingView

Some market analysts believe that Bitcoin’s path to $70,000 has been reinforced by macroeconomic trends, including lowered interest rates in the US and renewed interest from long-term institutional investors. Essentially, fears of a stock market bubble have been fading after signs of robust economic growth paired with US housing prices reaching an all-time high.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Blackrock’s Bitcoin and Ether ETFs Lead Inflows Amidst Strong Trading Day

Blackrock’s Bitcoin and Ether ETFs Lead Inflows Amidst Strong Trading DayAccording to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S. Bitcoin ETFs Reap $135M Inflows, Ether Funds Close Behind with $62M It was a solid day for U.S. spot bitcoin and […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses

Bitcoin and Ethereum ETFs Record  Million in Outflows, Grayscale Funds Lead LossesOn Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

BlackRock’s iShares Bitcoin Trust (IBIT) Suffers Outflows for the Second Time Since Launching: BTC ETF Flow Data

BlackRock’s iShares Bitcoin Trust (IBIT) Suffers Outflows for the Second Time Since Launching: BTC ETF Flow Data

New data unveils that BlackRock’s iShares Bitcoin (BTC) Trust (IBIT) has suffered outflows for just the second time since being launched in January. According to new information from London-based investment management firm Farside Investors, BlackRock – a firm with over $10 trillion in assets under its management – saw its BTC exchange-traded fund (ETF) weather […]

The post BlackRock’s iShares Bitcoin Trust (IBIT) Suffers Outflows for the Second Time Since Launching: BTC ETF Flow Data appeared first on The Daily Hodl.

Solana ETF Momentum Grows Amid Reports of SEC Engagement

BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses

BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.

BlackRock’s Bitcoin exchange-traded fund (ETF) recorded its largest daily net inflow in 35 days, with buyers seemingly taking advantage of Bitcoin’s small slide under $64,000 after a weekly rally. 

The iShares Bitcoin Trust ETF (IBIT) on Aug. 26, recorded a $224.1 million net inflow, its largest since July 22 when it had $526.7 million in inflows and Bitcoin (BTC) hit a daily top of $67,534 per Farside Investors data and Cointelegraph Markets Pro.

Bitcoin has fallen nearly 2% in the last 24 hours to $63,031 from a daily high of $64,121. It came after a strong weekly rally that took BTC from a seven-day low of $58,756 to a high of $64,475 on Aug. 25, its highest price since around the start of August.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Understanding the Difference Between Spot and Futures Crypto ETFs

Understanding the Difference Between Spot and Futures Crypto ETFsThis year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Inflows and Outflows: Bitcoin ETFs Gain $88M, Ether Drops $6.49M

Inflows and Outflows: Bitcoin ETFs Gain M, Ether Drops .49MOn Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the charge, capturing the largest inflows of the day. Blackrock’s Bitcoin and Ether ETFs Lead the Day in Inflows Data from sosovalue.xyz reveals that spot bitcoin ETFs hauled in […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Blackrock Edges Closer to Surpassing Grayscale in Onchain Crypto Assets

Blackrock Edges Closer to Surpassing Grayscale in Onchain Crypto AssetsAccording to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while Blackrock’s portfolio was around $21.02 billion. Grayscale Faces Fierce Competition as Blackrock’s Onchain Assets Climb Blackrock’s collection of onchain digital assets is nearing a point […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement