Bitcoin ETF

Galaxy

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Ark Invest’s ARKB spot Bitcoin ETF observed a record $100 million in daily net outflows.</li>
 <li>Fidelity’s FBTC led net inflows with $119 million, while BlackRock’s IBIT and Invesco and Galaxy Digital’s Bitcoin ETFs saw $2 million in net inflows each.</li>
</ul>
<p>Ark Invest’s ARKB spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded fund (ETF) recorded its highest daily net outflow since its launch in January, with nearly $100 million exiting the fund, according to data from SoSoValue.</p>
<p>Fidelity’s FBTC, on the other hand, led the inflows with a net value of $119 million.</p>
<h2 id="other-notable-movements">Other Notable Movements</h2>
<p>Other significant fund movements were observed in BlackRock’s IBIT and Invesco and Galaxy Digital’s Bitcoin ETFs. Both funds reported net inflows of $2 million. Bitwise’s BITB added $26 million worth of funds. However, Grayscale’s GBTC, which recently became the second-largest spot Bitcoin fund by net assets, saw zero flows.</p>
<p>According to Rachael Lucas, a Crypto Analyst at BTC Markets, the unusual spot Bitcoin ETF flows appear to be affected by investor uncertainty regarding the Federal Reserve’s interest rate path.</p>
<h2 id="impact-of-economic-reports">Impact of Economic Reports</h2>
<p>Lucas noted that if U.S. inflation numbers exceed expectations and personal income and spending trends rise, it could dampen investor optimism about a potential Fed rate cut in September. A more hawkish Fed could negatively impact demand for riskier assets, including Bitcoin and related ETFs.</p>
<p>In the past 13 days, the U.S. spot Bitcoin ETFs saw total net inflows of over $2 billion. However, the total volume of flows in the U.S. spot Bitcoin ETFs remained significantly smaller than their peak in March.</p>
<p>Meanwhile, Grayscale filed its amended S-1 registration statement for its spot <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> fund a day after BlackRock’s filing. More S-1 filings are expected to arrive as the SEC has asked issuers to submit their forms by Friday.</p>

Unprecedented $100M Daily Net Outflows Recorded by Ark Invest’s Bitcoin ETF

Съдържание

crypto.ro global

Други статии, публикувани на 31.05.2024 г.

Investors Join Qubetics Whitelist as Old Players Chainlink and Tron Deal with Market Crises

Can Solana Keep Up With Ethereum Surge? Analyst Recommends This Viral AI Altcoin For 10x Gains

Toncoin (TON) Skyrockets in Whale Accumulation - What's Happening?

ARK Development Report - May 31, 2024

Stargate Finance (STG) surges 77% following Upbit listing and V2 launch

Ethereum Shows Positive Trends in June Predictions

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!