Institutional FOMO on Bitcoin ETF Amid Ongoing German BTC Sell-off
Northwest Capital Management has joined BlackRock’s IBIT Bitcoin ETF, bringing additional institutional investment. The institutional buying of these ETFs contrasts with the German government’s selloff. Northwest Capital Management Inc., an investment advisory firm that controls over $5 billion in assets, has recently disclosed its entry into the cryptocurrency market through BlackRock’s iShares Bitcoin Trust (IBIT). […]
BlackRock’s IBIT Acquires 2134 BTC Amid Ongoing Bitcoin ETF Inflows
The BlackRock IBIT Bitcoin ETF has gained nearly 5,000 BTC in two days, taking advantage of the BTC price drop. IBIT share price is also recovering. Bitcoin ETFs in the United States have recently received renewed attention as inflows have increased. The spot Bitcoin ETFs recorded $214 million in inflows on Tuesday, July 9, with […]
Spot Bitcoin ETFs Gain $143 Million on Friday, Institutions Buy Dips?
Bitcoin price correction offers ETF investors a great opportunity to buy dips. Bitwise Bitcoin ETF BITB added 38,000 Bitcoins this week. Following the July 4 holiday, Bitcoin ETFs have experienced a significant rebound, which represents a major turnaround from the outflows that were observed earlier this week. This occurred as the Bitcoin price plummeted to […]
Bitcoin ETF Records 5 Consecutive Days of Inflows
On July 1, US spot Bitcoin exchange-traded funds (ETFs) experienced substantial daily inflows of $129.45 million, marking the fifth consecutive day of positive flows. The U.S. government approved Spot Bitcoin ETFs on January 10, and they commenced trading the following day. Unlike the Grayscale Bitcoin Trust (GBTC), which has experienced significant inflows and outflows since […]
Bitcoin ETF Inflows Surge Ahead US GDP Data
Spot Bitcoin ETFs saw over $21 million inflow on Wednesday. This precedes the U.S. GDP growth rate and Federal Reserve PCE inflation data. On Wednesday, June 26, Bitcoin ETF transactions were positive, with a total of over $21 million. Fidelity led the influx, while BlackRock stayed stagnant. Additionally, Grayscale’s GBTC attracted attention with its positive flows […]