Gold shed billions in March. Bitcoin quietly pulled in more than a billion. Flows Tell A Diverging Story US spot Bitcoin exchange-traded funds attracted $1.32 billion in net inflows last month, even as US-based gold ETFs bled $2.92 billion in net outflows over the same period. The gap caught the attention of Bloomberg ETF analyst…
View More Bitcoin ETFs Gaining Ground, Could Soon Surpass Gold—AnalystInstitutional money has been pouring into Bitcoin at a scale that would have seemed far-fetched just a few years ago. Since the launch of Bitcoin exchange-traded funds, roughly $56 billion has flowed in from asset managers around the world — a shift that Bitmine CEO Tom Lee says is changing how serious investors think about…
View More Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold
The Ethereum Foundation has completed a direct sale of 5,000 ETH to BitMine Immersion Technologies, the publicly traded treasury firm chaired by Fundstrat’s Tom Lee, in an over-the-counter transaction valued at $10.2 million. The transaction comes at a time when large investors appear increasingly comfortable accumulating Ethereum during the current price range, with on-chain data…
View More Ethereum Foundation Sells ETH To BitMine As Whale Accumulation Intensifies
Wall Street’s biggest gold fund saw something unusual recently — a single-day outflow of $3 billion from SPDR Gold Shares, a number that dwarfed any comparable daily exit over the prior two years by more than 200%. The $3 billion single-day outflow from SPDR Gold Shares — a US gold-backed ETF trading under the ticker…
View More Bitcoin Eyes Gold’s Crown As Institutional Money Quietly Shifts
A Blockstream executive made waves on social media Saturday with a striking comparison: US spot Bitcoin exchange-traded funds have pulled in roughly the same amount of cumulative investor money as gold ETFs collected over their first 15 years — and Bitcoin did it in less than two. The Numbers Behind The Claim Fernando Nikolić, Blockstream’s…
View More Bitcoin ETFs Break 5-Month Streak With 2nd Consecutive Week Of InflowsSpot Bitcoin exchange-traded funds have finally returned to positive territory after enduring five straight weeks of capital withdrawals. Flow data shows that the just-concluded week delivered a strong rebound in investor demand, although the late surge was not enough to fully repair the damage recorded earlier in February. Investors Pour $787 Million Into Spot Bitcoin…
View More Spot Bitcoin ETFs Record $787 Million Inflows, End 5-Week Consecutive Outflows
Bitcoin climbed to $69,550 on Wednesday, its highest point in over a week, after a sharp swing upward from around $62,350 in less than a day. The move came as US stock markets turned green again, giving investors across the board a reason to buy back in. ETF Cash Returns After Five Weeks Of Outflows…
View More Bitcoin Breaks Past $69,000 As Wall Street Steadies And ETF Money ReturnsReports say an on-chain analytics account called Rand flagged a new milestone: crypto funds have recorded three straight months of outflows for the first time on record. That streak stands out because it breaks the pattern of sporadic withdrawals and inflows that marked earlier market cycles. Many investors are watching closely. Outflows Reach A Historic…
View More Crypto Bleeds For A 3rd Straight Month, A First In History: AnalystDespite a major outflow just a day earlier, Spot XRP ETFs have defied bearish sentiment, setting record trading volumes and attracting fresh inflows. This resilience and surge in investor demand is particularly surprising given the recent crash in the XRP price and the overall downturn in the broader crypto market. XRP ETFs Defy Trends And…
View More Rising Above The Ashes: XRP ETFs Set New Record Despite Market CrashRetail traders are increasingly optimistic about XRP, even though the cryptocurrency’s price is currently struggling to keep up above $1.90. Despite the recent lack of follow-through in price action, different data shows confidence is building beneath the surface. Data from prediction markets by Robinhood shows traders are actively pricing in the possibility of a sizable…
View More Crypto Traders Share Odds Of XRP Price Rising 40% This Year, Can It Still Rally?