ETF

BlackRock, the world’s largest asset manager, is seeking to amend its Bitcoin ETF (IBIT), which has been the top-performing ETF among its peers since launching on January 11. Bitcoin ETFs continue to attract institutional demand, bringing Bitcoin exposure to Wall Street and expanding its reach beyond retail investors. BlackRock Files Bitcoin ETF Amendment In a filing with the US Securities and Exchange Commission (SEC) on September 16, BlackRock requested that Bitcoin withdrawals from Coinbase, which acts as custodian for the…

A filing published on September 20 revealed that the US Securities and Exchange Commission (SEC) approved options trading for BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).  This approval opens a new chapter for investors seeking to manage their exposure to Bitcoin through advanced financial instruments. BlackRock’s Bitcoin ETF Options Approval Could Spark a Market Chain Reaction The move allows physically settled options on the IBIT, further integrating Bitcoin into traditional financial markets. This new tool will enable…

The world of cryptocurrency continues to evolve with BlackRock's recent introduction of a Bitcoin Exchange-Traded Fund (ETF). This groundbreaking move has the potential to settle long-standing volatility in the crypto markets, particularly for Bitcoin (BTC) and Ethereum (ETH). As traditional finance giants like BlackRock enter the scene, the ripple effects are likely to touch emerging tokens, including the AI-powered meme coin, GoodEgg (GEGG). Could this new ETF be the catalyst for a seismic shift, pushing GoodEgg (GEGG) to new heights?…

Despite a modest uptick in Bitcoin prices this September, BlackRock’s iShares Bitcoin Trust (IBIT) has experienced sluggish inflows. It netted just $6.76 million for the month. While IBIT has been stagnant, other funds faced outflows. Bitcoin ETFs Recorded $155 Million in Outflows BlackRock’s Bitcoin ETF – IBIT saw varied trading volumes. It recorded an inflow of $15.82 million on September 16. However, this gain was offset by an outflow of $9.06 million a week earlier, culminating in a modest net…

BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into the Bitcoin ETF space when the US Securities and Exchange Commission (SEC) approved IBIT in January 2024. Dubbed the world’s largest asset manager with a total asset-under-management (AUM) of $9 trillion, BlackRock’s…

Analysts have raised Bitcoin’s price target to $112,000 following a spike in exchange-traded fund (ETF) inflows. This increased activity suggests bullish sentiment among institutional investors, potentially driving the cryptocurrency to new highs. Bitcoin ETF Inflows to Trigger Price Boost SpotOnChain analysts reported significant inflows into Bitcoin ETFs. Bitcoin’s net flow turned positive, with $39 million in inflows, reversing previous weak volumes. In contrast, Ethereum ETFs saw net outflows for the second consecutive day, with Grayscale’s ETHE experiencing a $20 million…

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, what has taken place is rather different: the average market depth of 5% for ETH pairs has fallen to around $14 million. Meanwhile, offshore exchanges…

The post VanEck Closing Its Futures ETH ETF: What You Need to Know appeared first on Coinpedia Fintech News A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm’s strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year. Let’s find out why VanEck decided to shut this ETF. Why is…

The post Is Bitcoin Cooling Off After ETF Rally? The Next 28 Days Could Determine Its Direction appeared first on Coinpedia Fintech News The crypto market sentiment is at its lowest point in over a year, with Bitcoin still hovering around the $60,000 mark. Despite analysts searching for catalysts that could drive the price to new all-time highs, nothing seems to be working for Bitcoin at the moment. According to Miles Deutscher, Bitcoin has fallen below this range and is…