US ETFs net inflows near $1 trillion in biggest annual rush fueled by Trump’s poll victory
1 month, 1 week ago

US ETFs net inflows near $1 trillion in biggest annual rush fueled by Trump’s poll victory

Live Mint  

-- This year was already a landmark one for exchange-traded funds, but as of Friday the ETF universe can add another superlative: biggest annual inflows on record. The insatiable appetite for the investor-friendly wrapper, an all-time high number of product launches and a relentless bull market fueled by Donald Trump’s presidential victory have helped push total net inflows into US ETFs past $913 billion, according to data compiled by Bloomberg Intelligence. Further signs of the markets ebullience: total US ETF assets hit the $10 trillion mark for the first time in September, more than 600 new products have debuted since the start of the year and nearly all ETFs in the US posted positive 12-month returns, up from 8% just two years ago, BI data show. “In a year where stocks, bonds and commodities are all up, ETFs have record inflows while mutual funds are in net outflows,” said Matt Bartolini, head of Americas ETF Research at State Street Global Advisors. ETFs took in a record $53 billion in the three days after the election, outpacing the $16 billion of inflows that followed President Joe Biden’s victory four years ago, BI compiled data show.

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Bitcoin vaults to all-time peak as Trump election raises crypto excitement
1 month, 1 week ago

Bitcoin vaults to all-time peak as Trump election raises crypto excitement

Live Mint  

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK -Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a light-touch regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress. Trump embraced digital assets during his campaign, promising to make the United States the "crypto …

Bitcoin rallies past $81,000. What's driving the surge?
1 month, 1 week ago

Bitcoin rallies past $81,000. What's driving the surge?

India Today  

Bitcoin soared to a new record high, crossing the $81,000 mark on Monday. BITCOIN HITS NEW RECORD HIGH Many in the market believe Trump’s plans for Bitcoin and other digital assets have set the stage for the recent surge. "Bitcoin’s record-breaking surge is backed by strong fundamentals and signals from the recent US election that suggest pro-crypto policies may be …

US bond ETF issuers anticipate big flows in higher-for-longer rate environment
6 months, 1 week ago

US bond ETF issuers anticipate big flows in higher-for-longer rate environment

Live Mint  

By Suzanne McGee June 14 - Investors are pouring money into bond-focused U.S. exchange traded funds, and some industry participants believe inflows could hit records in 2024 if the current pace continues. U.S. bond ETFs have taken in a net $109 billion this year as of Thursday, data from Morningstar Direct showed. While bond ETFs make up less than 18% …

Ether gets ETF approval from US regulator; experts predict volatility ahead
6 months, 4 weeks ago

Ether gets ETF approval from US regulator; experts predict volatility ahead

Live Mint  

The US markets regulator Securities and Exchange Commission on Thursday confirmed that it has approved applications from Nasdaq, CBOE and NYSE to enable exchange traded funds holding Ethereum's native token, ETH. One ETF analyst James Seyffart at Bloomberg Intelligence said, “A week ago, I would've said you were a little crazy to think that these ETFs were going to get …

Bitcoin briefly hits all-time high, less than two years after FTX scandal clobbered crypto
9 months, 2 weeks ago

Bitcoin briefly hits all-time high, less than two years after FTX scandal clobbered crypto

The Hindu  

Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. These newly approved ETFs hold actual bitcoin — unlike previous bitcoin-related ETFs that were invested in contracts related to future price bets, but not on the cryptocurrency itself. Institutional demand for bitcoin …

Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto
9 months, 2 weeks ago

Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto

Associated Press  

NEW YORK — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. Institutional demand for bitcoin show “no signs of slowing down,” H.C. Wainwright’s Mike Colonnese and Dylan Scales wrote Tuesday — adding that bitcoin’s popularity “is likely to accelerate in …

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying
9 months, 3 weeks ago

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying

News 18  

Leading cryptocurrency Bitcoin has soared to a more than two-year high above $57,000 after enterprise software firm MicroStrategy Inc announced it had bought about 3,000 more of the tokens for $155 million. The US SEC approved 11 spot bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others. Bitcoin is now at a …

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam
10 months, 2 weeks ago

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam

ABP News  

In a notable surge, Bitcoin, the leading digital currency, reached its highest point in a month, surpassing the $46,000 mark on February 9. This surge is attributed to steady capital inflows into various United States funds dedicated to cryptocurrency, alongside growing anticipation surrounding the forthcoming halving event slated for April. "There is increased investor confidence leading up to the halving …

Bitcoin surges past $46,000, close to month-highs on ETF inflows, halving plans
10 months, 2 weeks ago

Bitcoin surges past $46,000, close to month-highs on ETF inflows, halving plans

Live Mint  

Bitcoin, the largest digital asset, achieved a one-month high by surpassing $46,000 on February 9. This upward trend is supported by steady inflows into several United States funds for the cryptocurrency and increasing attention on the upcoming halving scheduled for April, Bloomberg reported. Bitcoin Exchange-Traded Funds Give Boost Nine US spot Bitcoin exchange-traded funds debuted on January 11, accompanied by …

Bitcoin ETFs are off to a bad start. Will things improve?
10 months, 2 weeks ago

Bitcoin ETFs are off to a bad start. Will things improve?

Live Mint  

The path to approval for the first bitcoin exchange-traded funds was long and arduous. When State Street Global Advisors launched America’s first gold ETF in 2004, the metal fetched less than $500 per ounce, below its price in the early 1980s. Inflows into ETFs launched by firms such as BlackRock, Fidelity and VanEck have been almost entirely offset by outflows …

Bitcoin set to record longest winning streak since pandemic-era rally
10 months, 3 weeks ago

Bitcoin set to record longest winning streak since pandemic-era rally

Live Mint  

Bitcoin is on course to advance for a fifth straight month in what would be the token’s longest such winning streak since a pandemic-era rally oiled by easy money. The largest digital asset has risen about 2% in January, a month of pronounced swings sparked by the rollout of the first US spot Bitcoin exchanged-traded funds and shifting views on …

ETFs make Bitcoin’s problems even worse
11 months, 1 week ago

ETFs make Bitcoin’s problems even worse

Live Mint  

As holders of bitcoin they undermine the very purpose, and so the long-term value, of a cryptocurrency. The new ETFs reconnect bitcoin both to Wall Street’s old financial infrastructure and to the dollar, in which all are priced and which all use to buy and sell bitcoin. And bitcoin ETFs are likely to make its bad performance in crises even …

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion
11 months, 1 week ago

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion

Live Mint  

The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission greenlit the establishment of Bitcoin exchange-traded funds by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily trading volume for Bitcoin on cryptocurrency exchanges …

Crypto market swells by billions after ‘historic’ bitcoin moment
11 months, 1 week ago

Crypto market swells by billions after ‘historic’ bitcoin moment

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The crypto market hit a 21-month high on Thursday following a landmark decision …

Bitcoin holds firm after regulators approve ETFs
11 months, 1 week ago

Bitcoin holds firm after regulators approve ETFs

The Hindu  

Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with most of the products expected to …

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
11 months, 1 week ago

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Associated Press  

NEW YORK — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply skeptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin. The agency said that would provide competition and a “level playing field.” Bitcoin ETFs could open the door to cryptocurrencies to …

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022
11 months, 3 weeks ago

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022

Firstpost  

Bitcoin soared beyond $45,000 on Tuesday, marking its highest level since April 2022, as the world’s largest cryptocurrency kicked off the New Year on a strong note. Reaching a 21-month peak at $45,532, Bitcoin demonstrated a remarkable 156 per cent gain in the previous year, its most robust yearly performance since 2020. While the SEC has previously rejected several applications …

Bitcoin climbs above $45,000 for first time since April 2022
11 months, 3 weeks ago

Bitcoin climbs above $45,000 for first time since April 2022

The Hindu  

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Investor focus has been squarely on whether the U.S. securities regulator will soon approve a spot bitcoin ETF, which would throw open the bitcoin …

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure
3 years, 2 months ago

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure

Firstpost  

The fund, which opened on 19 October, allows investors to speculate on the future value of Bitcoin without actually owning it. It is the first time investors have been able to trade an asset related to Bitcoin on the New York Stock Exchange London: Bitcoin’s journey into mainstream finance has reached another major milestone and another record price. The cryptocurrency …

Bitcoin Edges off All-time High but Momentum for More Gains This Year Seen Intact
3 years, 2 months ago

Bitcoin Edges off All-time High but Momentum for More Gains This Year Seen Intact

News 18  

Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first US bitcoin futures ETF. Market players say the latest wave of buying has been supported by the launch of the first US bitcoin futures-based exchange-traded fund with investors betting this will open a path to greater investment …

Bitcoin ETF finally begins trading
3 years, 2 months ago

Bitcoin ETF finally begins trading

CNN  

New York CNN Business — Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. “The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said in a statement to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as …

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod
3 years, 2 months ago

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod

Firstpost  

The SEC fuelled speculation of the imminent approval after writing the following advice on one of its accounts on Twitter: “Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.” Cryptocurrency prices continue to be in the red on 17 October. “An SEC Bitcoin ETF approval is a watershed moment …

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes
3 years, 2 months ago

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes

The Hindu  

Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The U.S. Securities and Exchange Commission is set to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported …

Bitcoin tops $60,000 as investors bet on ETF approval
3 years, 2 months ago

Bitcoin tops $60,000 as investors bet on ETF approval

CNN  

New York CNN Business — Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. Cryptocurrency investors were excited by a tweet from the verified account of the SEC’s Office of Investor Education and Advocacy late Thursday that said, “before investing in a fund …

Crypto inflows slump after December record - report
3 years, 11 months ago

Crypto inflows slump after December record - report

The Hindu  

Investment flows into cryptocurrency funds and products were just $29 million in the first week of January, down sharply from a record $1.09 billion in the week before Christmas, according to the latest data on Monday from asset manager CoinShares. Bitcoin plunged more than 19% on Monday, putting it on track for its biggest one-day drop since March as its …

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