
April 21st, 2025
Among the newly launched nine Bitcoin ETFs, BlackRock and Fidelity’s ETFs have witnessed inflows northwards of $1.2 billion each.
Solana, like many tokens, saw a price dip in the aftermath of the FTX collapse and the crypto winter but seems to be on the road to recovery.
When Fidelity Investments filed for the Ether ETF last year, the asset manager noted a court ruling where judges said the SEC failed to find a cogent reason to reject spot crypto ETF.
Recent data reveals that the new spot ETF issuers have accumulated more than 68,000 Bitcoin in their first week of operation.
The total assets under management of all Bitcoins ETFs combined is more than double of the Silver ETFs available in the market.
The introduction of spot Bitcoin ETFs triggered a massive retracement in the overall crypto market.
On-chain data shows that money from GBTC has been flowing into the newly launched spot Bitcoin ETFs amid very low fee structures.
While Grayscale’s Bitcoin fund has historically been a dominant force in the crypto investment space, it has experienced substantial outflows totaling more than $579 million since it commenced trading on January 11.
Away from the ProShares ETF news, the market is adapting to the introduction of spot Bitcoin ETFs.
More cash inflow is expected to enter the Bitcoin market in the near term as more investors in the United States allocate their portfolios to various spot Bitcoin ETFs.
Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market.
While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices.
JPMorgan predicts that a lot of money currently invested in other crypto instruments will be re-directed to the Bitcoin spot ETF.
Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public.
It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history.