Breaking News: SPOT BITCOIN ETF – Market Insights, Analysis & Latest Updates

Ark Invest sells $6.9 million of its own spot Bitcoin ETF, ramps up Coinbase share sales

Ark Invest sold shares of ARKB Bitcoin ETF and Coinbase stock, adjusting its portfolio's diversification while experiencing mixed performance in the crypto market and Coinbase's revenue decline.

theblock.co • 02/08/2024 - 09:07 AM

US spot bitcoin ETFs log $50 million in inflows, ether ETFs return to positive flows

Bitcoin ETFs saw net inflows of $50.64 million, while Ethereum ETFs reversed outflows with $26.75 million. Overall trading volumes rose significantly for both assets.

theblock.co • 02/08/2024 - 05:23 AM

Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $2.7 million worth of COIN

Ark Invest sold 12,077 Coinbase shares for $2.7 million from its ARKW ETF, now holding 7.3% of COIN. The firm aims for diversification and has increased overall by 33%.

theblock.co • 01/08/2024 - 08:59 AM

US spot Bitcoin ETFs log mere $299,000 in net inflows, Ethereum ETFs see $77 million in outflows

U.S. Bitcoin ETFs saw minimal inflows while Ethereum ETFs faced substantial outflows, particularly the Grayscale Ethereum Trust, which has experienced consistent losses since its launch.

theblock.co • 01/08/2024 - 05:54 AM

US spot Ethereum ETFs saw $33.6 million in net inflows, ending negative flow streak

U.S. spot Ethereum ETFs reported $33.67 million in inflows, while Bitcoin ETFs faced $18.3 million in outflows. Bitcoin traded around $65,520, and Ether at $3,265.

theblock.co • 31/07/2024 - 05:20 AM

Ethereum spot ETF yearly inflows could be as low as 15% of bitcoin's, Sygnum Bank analyst says

Ethereum spot ETFs are expected to see lower inflows than bitcoin ETFs, attributed to slower adoption and lesser name recognition, forecasting $5-$10 billion in the first year.

theblock.co • 30/07/2024 - 15:14 PM

US spot Ethereum ETFs saw $98.3 million in net outflows, extending negative flow streak

Ether ETFs faced $98.29 million in outflows, while Bitcoin ETFs gained $124.13 million. Grayscale Ethereum Trust saw the highest outflows, with BlackRock's ETHA leading inflows.

theblock.co • 30/07/2024 - 05:21 AM

The spot Ethereum ETFs' first week by the numbers

The new U.S. spot Ethereum ETFs got off to a contrasting start last week, with over $1 billion of net inflows into eight of the funds overwhelmed by $1.5 billion in net outflows from Grayscale’s ETHE. Excluding ETHE, the Ethereum ETFs generated around 40% of the net inflows witnessed by the Bitcoin ETFs following their launch in January, excluding GBTC.

theblock.co • 29/07/2024 - 11:55 AM

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Jersey City Mayor Steven Fulop told The Block the municipal pension fund is investing in bitcoin ETFs as an “inflation hedge.” Fulop, a gubernatorial candidate, is not alone as a politician in leaning into bitcoin to counter the rising cost of living. The mayor of the Garden State’s second-largest city said that extensive conversations would have to happen before the city invested in Ethereum ETFs or bitcoin outright.

theblock.co • 26/07/2024 - 17:11 PM

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Mayor Fulop of Jersey City announces municipal pension investment in bitcoin, citing inflation concerns and positioning the city for potential crypto industry growth amid political support for cryptocurrencies.

theblock.co • 26/07/2024 - 17:11 PM

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