The oldest Bitcoin ETF in the US saw an uptick in weekly capital inflows as institutional investors seemingly had their interest revived by BlackRock’s application for a spot Bitcoin fund.
Bitcoin exchange-traded fund fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.
On June 26, a surge of inflows to the ProShares Bitcoin Strategy ETF — a Bitcoin futures fund — was observed by Bloomberg senior ETF analyst Eric Balchunas. The fund had its largest weekly inflow in a year at $65.3 million with its assets topping $1 billion. BITO was the first BTC-linked ETF in the United States and is one of the most popular among institutional investors.
Balchunas claimed BITO “pretty much has tracked Bitcoin perfectly,” lagging spot prices by 1.05% annually and has a fee of 0.95%.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Bricks over bytes: New hard asset ETF places big bet on real estateCBRE's Investment Management launched the IQ CBRE Real Assets ETF last month with the idea it will deliver inflation protection in a rising rate environment.
Läs mer »
Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange and moreThe bid for the first Bitcoin spot exchange-traded fund in the United States is gaining traction following BlackRock’s recent application.
Läs mer »
BTC Tests $31K as Bitcoin Cash Soars 30%: Market WatchBitcoin tested $31K but failed to sustain above it so far. BCH is up a whopping 30%.
Läs mer »
Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets – Security Bitcoin NewsCybersecurity researchers have found tens of thousands of stealer-infected devices storing Chatgpt credentials.
Läs mer »
Bitcoin faithful embrace $31,000 level, new highBitcoin and cryptos got some love this week from a few of the financial world's biggest players, giving digital assets fresh tailwinds even amid a tougher regulatory overhang.
Läs mer »
Brazil to Push De-Dollarization Agenda at BRICS Meeting – Economics Bitcoin NewsBrazilian President Luiz Inacio Lula da Silva says that he plans to raise the issue of de-dollarization at the next BRICS meeting.
Läs mer »