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Cryptocurrency News Articles
Spot Bitcoin Funds See Highest Inflows of $978M Since November, Fidelity Leads the Pack
Jan 08, 2025 at 07:21 am
Spot Bitcoin funds have gotten back to the positive side after a short period of draught in 2025's first year. On January 6th, all combined exchange-traded
Spot bitcoin funds have seen a return to inflows after a brief dry spell in the first year of 2025. On January 6th, all combined exchange-traded funds collectively amassed nearly $1 billion.
In total, BTC ETFs(!) accumulated $978 million in inflows, marking its highest inflow day since November 21st. Interestingly, this was the second consecutive trading day where bitcoin ETFs have reached over $900 million—a feat never before seen in the young spot bitcoin fund market.
Fidelity (FBTC) led the party with inflows of $370.2 million, followed closely by Blackrock (IBIT) with $209.1 million in BTC acquisitions. On this date, all ETFs registered inflows, with Ark (ARKB) having the third-highest income at $152.9 million.
Nasdaq ISE Looking To Raise Blackrock Bitcoin ETFs Contracts
As recently as yesterday, Nasdaq ISE—an options exchange that is part of the Nasdaq Options suite of exchanges—filed with the SEC a request to significantly increase the contract limits for Blackrock’s (IBIT) ETF.
The filing states that due to the incredible volume and market capitalization increase seen in the ETF market, particularly for IBIT, the current 25,000 contracts limit should also be raised. This limit specifically refers to the total number of IBIT contracts that an investor can hold at any given time.
Furthermore, the filing argues that a limit raise of 900% would benefit the market, proposing the limit to be 250,000 contracts.
A 250,000 contract limit would theoretically represent around 2.8% of the IBIT’s shares that are currently held by shareholders. In comparison, the current 25,000 cap only represents 0.289% percentage of all the fund’s outstanding shares.
By raising the limit, Nasdaq ISE argues that the measure would not only improve market liquidity but also enable better risk management for investors. The Securities and Exchange Commission now has 45 days to decide whether to raise or maintain IBIT’s contract limits.
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- Nasdaq ISE Proposes Increasing Position and Exercise Limits for iShares Bitcoin Trust ETF (IBIT) Options
- Jan 09, 2025 at 05:25 pm
- The Nasdaq ISE is an options exchange owned by Nasdaq. This has filed a proposed rule change with the U.S. The Securities and Exchange Commission increased the position and exercise limits for options of the iShares Bitcoin Trust ETF (IBIT) from 25,000 contracts to 250,000.
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- Forget Bitcoin (BTC) and Ethereum (ETH) – Lightchain AI Could Skyrocket Your Crypto Portfolio!
- Jan 09, 2025 at 05:25 pm
- Bitcoin and Ethereum are the heavyweights known for their widespread adoption and market influence. However, emerging projects like Lightchain AI are proving to be lucrative opportunities for investors looking beyond traditional assets.
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- Bitcoin and Ethereum Consolidate as Altcoins Outperform with Strong Gains
- Jan 09, 2025 at 05:25 pm
- Bitcoin is holding just below $97,000, while Ethereum has dipped back under $3,400. Despite these minor pullbacks, the first week of January has been largely bullish for the cryptocurrency market, recovering from the fade seen at the end of 2024.
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- XRP Poised to Surge 40% as Shifting Regulatory Tides in the U.S. and Favorable Price Action Set the Stage
- Jan 09, 2025 at 05:25 pm
- Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as a "descending triangle" pattern in technical analysis.