|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Spot Bitcoin ETFs See Largest Inflows Since July as Ether Funds Flip Back to Outflows
Sep 27, 2024 at 02:05 pm
exchange-traded funds in the U.S. recorded total daily net inflows of $365.57 million on Thursday, the largest since late July. Thursday's inflows extended the positive run to its sixth consecutive day, according to Sosolvalue data.
U.S.-listed spot bitcoin exchange-traded funds recorded a total daily net inflow of $365.57 million on Thursday, the largest since late July, extending the positive inflows to a sixth consecutive day, according to Sosolvalue data.
Yesterday's net inflows were led by Ark Invest and 21Shares' ARKB, which recorded a positive flow of $113.82 million, according to SoSoValue data. Among the funds, BlackRock's IBIT, the largest spot bitcoin ETF by net assets, followed with $93.38 million in net inflows, while Fidelity's FBTC also saw inflows of $74 million.
Bitwise's BITB reported $50.38 million in net inflows, VanEck's HODL had $22.10 million flowing into the fund, and smaller net inflows were seen across funds from Valkyrie, Invesco, Franklin Templeton and Grayscale's Bitcoin Mini Trust.
Yesterday's only net outflow was from Grayscale's GBTC, which saw $7.73 million move out of its ETF.
Thursday's total trade volume among the 12 funds was $2.43 billion, the largest since Aug. 23. With yesterday's inflows, the total cumulative net inflows in spot bitcoin ETFs since their launch rose to $18.31 billion.
“It’s all the green light for global risk markets as US equities hit new all-time highs for the 3rd time this week, helped by a rapid-fire of furious stimulus to resuscitate the long-struggling Chinese economy,” said Augustine Fan, head of insights at SOFA.org. “This has led renowned macro observers to turn explicitly bullish on all risk assets in the interim, with a seemingly globally synchronized easing move that was reminiscent of the easy-money days from the QE era.”
Ether ETFs back to outflows
Spot ether ETFs, worth around $675,450, moved back to net outflows yesterday despite seeing net inflows across six funds.
RELATED INDICES
Grayscale's ETHE posted daily net outflows of $36 million, according to data from SoSoValue. Among net inflows, Fidelity's FETH had $15.92 million, and BlackRock's ETHA saw $14.85 million. Invesco's QETH reported net inflows of $2 million, while funds from Bitwise, VanEck and 21Shares saw net inflows of less than $1 million.
On Thursday, the nine ether ETFs had a total trade volume of $257.40 million, more than double Wednesday's $124.18 million. Since their debut in July, the funds have posted a total net outflow of $581.61 million.
The price of bitcoin rose 2.9% in the past 24 hours to $65,330.96, its highest since late July. According to The Block's price page, ether rose 1.8% to $2,648 at the time of writing.
SOFA.org's Fan said the current crypto rally appears to have more “staying power” than earlier ones. “Investor sentiment seems to have flipped to a ‘buy the dip’ mode, and risk-reward favors a continued rally with no or little downside catalysts in sight at the moment,” said Fan.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Hamster Kombat Price Plummets Across Exchanges Despite Binance Futures and Super Earn Promotion
- Sep 27, 2024 at 06:30 pm
- Hamster Kombat has emerged as a notable play-to-earn game on the Telegram mini-app platform, combining elements of gameplay and cryptocurrency.
-
- Celo ($CELO) Surges 19.6% Following Praise From Ethereum Co-Founder Vitalik Buterin
- Sep 27, 2024 at 06:30 pm
- $CELO, the native token of the Celo blockchain, saw a remarkable 19.6% surge today, climbing to $0.63. The spike follows praise from Ethereum co-founder Vitalik Buterin
-
- Lunex Network Will Print Millionaires In 2025
- Sep 27, 2024 at 06:30 pm
- Community-backed decentralized exchange Lunex Network is about to turn the DeFi space upside down with its groundbreaking framework.
-
- Cutting-Edge Presales: Your Gateway to Crypto Riches
- Sep 27, 2024 at 06:30 pm
- Dive into these expert-backed best crypto presales that promise to revolutionize their respective niches:
-
- DEXs Reach New Milestone, See Popularity Explode Despite Global Economic Turbulence
- Sep 27, 2024 at 06:30 pm
- While centralized exchanges are under pressure, decentralized platforms like Uniswap, Pancakeswap, and others are seeing their popularity and trading volume explode.
-
- Shiba Inu (SHIB) Whales Eye New Horizons as AI-Powered Dating Altcoin GoodEgg (GEGG) Gains Traction
- Sep 27, 2024 at 06:30 pm
- Shiba Inu (SHIB) has been a significant player in the cryptocurrency space for years, attracting both retail investors and whales with its meme-coin status and ecosystem projects like Shibarium and ShibaSwap. Recently, however, it seems some of Shiba Inu's (SHIB) biggest holders, or "whales," are eyeing new opportunities.
-
- The Bitcoin pizza guy spent $80m on lunch – but he has no regrets
- Sep 27, 2024 at 06:30 pm
- Laszlo Hanyecz bought two pizzas for 10,000 bitcoins in 2010. Today, those bitcoins would be worth $80m. But Hanyecz says he has no regrets.
-
- Dogecoin and Shiba Inu Outshine Bitcoin and Ethereum as the Crypto Market Jumps Back
- Sep 27, 2024 at 06:30 pm
- The crypto market jumped back again on Thursday after a questionable 24-hour performance. Bitcoin, Ethereum, Solana, and other top coins gained considerable value in the market.
-
- Bitcoin's 'Outside Day' Sets Stage for $70K, Altcoins Break Out: Technical Analysis
- Sep 27, 2024 at 06:30 pm
- Thursday's bullish trading range marks an end of the recent consolidation and a resumption of the rebound from lows under $53,000.