The Federal Reserve maintained its benchmark rate on Wednesday, keeping the federal funds target range steady at 3.75% to 4%.The bitcoin price exhibited notable volatility in the vicinity of $81,000. The decision was approved with a vote of 10-2, and the dissenting opinions hold significant importance alongside the final result. Governor Lisa Cook and Cleveland … Read more
The past week revealed another intriguing discrepancy between the funds tracking both assets. Despite Thursday recording the highest daily net outflow in four months, exceeding $600 million, the spot Bitcoin ETFs concluded the week with positive performance. The same cannot be said about their Ethereum counterparts, which have experienced declines for the fourth consecutive week. … Read more
In a week characterised by a decline in the underlying asset from over $84,000 to a monthly low of under $80,000, it is almost anticipated that the exchange-traded funds reflecting its performance would register losses. Indeed, they were. The same can be observed regarding the Ethereum ETFs, which, despite experiencing a solitary day of positive … Read more
Investors acquired more than $241 million in U.S. bitcoin exchange-traded funds last week, marking the third consecutive week of inflows that has contributed to maintaining the price of the leading cryptocurrency during the onset of what is referred to as “Uptober.” Data indicates that capital flowed into the popular funds daily, with the exception of … Read more
It was difficult to envision following the conclusion of June and the substantial outflows documented during the initial half of the year, yet the spot BTC ETFs have successfully reversed the trend and are currently showing positive performance year-to-date. The spot Ethereum ETFs have recovered from last week’s losses, with cumulative net inflows rising to … Read more
Bitcoin exchange-traded funds have attracted more than $1 billion in new investments in the last three days, contributing to the surge of the leading cryptocurrency to almost $73,000. On Wednesday, investors acquired more than $500 million in shares from the funds overseen by BlackRock, Fidelity, and Greyscale, as reported. Bitcoin’s price has surged this week, … Read more
Bitcoin is entrenched in its bear market; however, it is exhibiting an unusual behaviour: remaining stagnant. According to a recent report, thirty-day realised volatility has decreased to 27.2% annualised, a decline from 30.4% the previous month and significantly below bitcoin’s long-run average of approximately 80%. For an asset characterised by double-digit daily fluctuations, this represents … Read more
Spot Bitcoin exchange-traded funds experienced their most significant outflows last week since the conclusion of June, marking a reversal of the robust performance observed at the beginning of August. The 13 US-listed funds experienced a net outflow of $389.7 million during the week of August 10, following an inflow of $853.5 million in the preceding … Read more
Following the significant inflows observed in the initial week of August, attention shifted to the subsequent week. However, the situation became clear. The spot exchange-traded funds that monitor the performance of the largest cryptocurrency by market capitalisation have once again experienced a downturn over the past five trading days, with only one day showing net … Read more
Bitcoin is making a bid to regain a vital support level, while spot exchange-traded funds tied to the leading cryptocurrency have shown their strongest performance since the market downturn in October. US spot Bitcoin funds have continued their impressive run, marking eight consecutive days of gains after attracting $223.2 million on Thursday. This surge underscores … Read more
