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 […]
VanEck Adds Coinbase as Custodian for HODL Bitcoin ETF
VanEck has added Coinbase to its list of custodians for the HODL Bitcoin ETF to increase protection for the Trust’s Bitcoin holdings. VanEck named Coinbase as an extra custodian for its HODL Bitcoin ETF on Friday, June 28, marking a significant change to its Bitcoin Trust. The agreement provides particulars and security measures meant to […]
BlackRock’s $82M Boost Propels Bitcoin ETF to 4-Day Winning Streak
U.S. Spot Bitcoin ETF saw its fourth straight inflow, as BlackRock’s IBIT saw its first since June 20. However, Bitcoin remains in red. Today, the Bitcoin price fell below $60,000 for the fourth consecutive day, while the U.S. Spot Bitcoin ETFs experienced positive momentum. Significantly, numerous market analysts have identified the recent sluggish trading of the […]