Franklin

Galaxy

<ul>
 <li>SoSoValue data shows that on Tuesday, $49 million came into Fidelity’s FBTC.</li>
 <li>Contrarily, $30.3 million was drained from Grayscale’s GBTC.</li>
</ul>
On Tuesday, spot bitcoin exchange-traded funds in the US recorded net inflows, bringing in $31 million. This comes after eleven bitcoin funds saw net withdrawals for seven trading days in a row. SoSoValue data shows that on Tuesday, $49 million came into <a href="https://thenewscrypto.com/fidelity-amends-s-1-for-spot-ethereum-etf-no-sponsor-fee-disclosure/" target="_blank" rel="noopener noreferrer nofollow">Fidelity’s</a> FBTC, with Bitwise’s BITB following with $15 million. Additionally, $4 million was deposited into VanEck’s HODL.
Contrarily, $30.3 million was drained from <a href="https://thenewscrypto.com/blackrock-surpasses-grayscale-to-become-largest-bitcoin-etf-fund/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> GBTC. Net withdrawals of $6 million were recorded by Ark Invest and 21Shares’ ARKB. Despite a daily transaction volume of $1.1 billion on Tuesday, the biggest spot bitcoin fund by net asset value, BlackRock’s IBIT, had nil flows. Zero flows were observed yesterday by other funds from Franklin Templeton, Valkyrie, Galaxy Digital, and Invesco.
<h3 class="wp-block-heading" id="h-all-eyes-on-ethereum-etf-approval">All Eyes on Ethereum ETF Approval</h3>
By Tuesday, the eleven spot bitcoin funds that made their debut in January had amassed a net inflow of $14.42 billion. U.S. issuers, meantime, are hard at work launching spot ether ETFs, having received the <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC’s</a> conditional clearance only last month. Last week, companies submitted revised S-1 registration statements. The anticipated debut of spot Ethereum ETFs is expected to occur by next week, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
According to Bitwise CIO Matt Hougan, spot ether exchange-traded funds (ETFs) have the potential to receive $15 billion in net inflows within the first 18 months of their U.S. debut.
The cryptocurrency market has been experiencing significant downward momentum since about mid-June. The price of bitcoin hit a new eight-week low of $58,402 earlier this week. Selling pressure on Ethereum and other altcoins has been comparable to that on <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ethereum-supply-faces-inflationary-phase-due-to-dencun-upgrade/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Supply Faces Inflationary Phase Due to Dencun Upgrade</a>

U.S Bitcoin ETFs See $31M Net Inflows, Reversing Seven-Day Streak

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 26 thg 6, 2024

The Cosmic Kittens Presale Attracts DOGE Investors With A 50x Surge Promise

MicroStrategy’s $800 Million BTC Buy Triggers Millions Of Dollars In Inflows For This Bitcoin ETF...

Cardano Holds Strong After DDoS Attack: Market Outlook Turns Bullish For ADA

Gone to hell: Web3 governance can save mainstream gaming | Opinion

MoonBag Presale Ignites With $2.9 Million And Rising; Arweave & Polygon Feel the Heat

$53.5M Success for BlockDAG’s X1 App as Dogecoin Crumbles & BONK Sinks In June

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!