Inflows into US Spot Bitcoin ETFs Continue
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
Since mid-May, there has been a significant increase in capital flowing into the Bitcoin ETF market, as reported by Farside.
BlackRock submitted an updated registration statement for its proposed Ethereum fund, highlighting the ongoing efforts of financial firms to offer and trade similar products.
Investment manager Hashdex has withdrawn its application for a proposed spot Ether exchange-traded fund (ETF).
Bernstein forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
In the first quarter of this year, BlackRock’s income and bond-focused funds purchased shares of the company’s own Bitcoin exchange-traded fund (ETF), according to regulatory filings.
Kaiko predicts that Grayscale’s upcoming Ethereum ETF could see significant outflows, potentially averaging $110 million per day.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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