Ethereum

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Grayscale experiences significant outflows from its Bitcoin and Ethereum ETFs, while BlackRock sees considerable inflows.</li> 
 <li>BlackRock has no plans to introduce additional crypto ETFs beyond Bitcoin and Ethereum.</li> 
</ul>  
<p>Spot <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a> and <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a> ETFs have recently attracted a lot of attention from investors.</p> 
<p> However, Grayscale has seen significant outflows, with its ETH ETF losing $210 million and its Bitcoin ETF losing $54.3 million on July 29th.</p> 
<h2 id="blackrock-s-performance">BlackRock’s Performance</h2> 
<p>In contrast, BlackRock reported inflows of $58.2 million into its ETH ETF and $256.6 million into its BTC ETF on the same day.</p> 
<p> Despite this impressive performance, the overall trend indicates net inflows totaling $124.1 million for Bitcoin ETFs, while ETH ETFs experienced a net outflow of $98.3 million.</p> 
<p>Samara Cohen, BlackRock ETF and Index Investments CIO, acknowledged the negative flow of Ethereum ETFs in an interview.</p> 
<p> She emphasized the importance of considering both trading volumes and fund flows when evaluating the health and activity of ETH ETFs.</p> 
<h2 id="blackrock-s-future-plans">BlackRock’s Future Plans</h2> 
<p>Cohen also revealed that BlackRock does not plan to introduce additional crypto ETFs, including a spot Solana ETF, in the near future.</p> 
<p> She stated that only Bitcoin and Ethereum have met the firm’s investment criteria, and no other altcoins currently meet the necessary standards.</p> 
<p> This decision highlights BlackRock’s cautious approach to expanding its crypto ETF offerings, focusing solely on the two most established cryptocurrencies.</p> 
<p>BlackRock’s head of digital assets, Robert Mitchnick, echoed this sentiment at a recent Bitcoin conference, stating that the firm sees no immediate prospects for new crypto ETFs.</p> 
<p> Samara Cohen, BlackRock’s CIO, expects that crypto ETFs will become a staple in “model portfolios” by the end of 2024, reflecting BlackRock’s strategic focus on navigating the crypto market with a measured approach.</p>

BlackRock Stays with Bitcoin and Ethereum, Rejects Solana ETF – The Next Steps

Innholdsfortegnelse

CoinEagle.com

Andre artikler publisert på 31. juli 2024

Launch Meme Coins via Tweets with MakeNowMeme

Can Cardano’s Chang hardfork spur ADA’s price action again?

Lava Network Launches Mainnet With Filecoin, Starknet, Cosmos Support

Will JASMY Hit $1? Analyzing Market Predictions

Boeing (BA) Reports Challenging Q2 2024: Revenue Down 15% y/y

Crucial Bitcoin 'Fix the Money' Tweet Published by Michael Saylor

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!