
April 18th, 2025
Despite recent inflows signaling renewed confidence in Bitcoin ETFs, Grayscale’s GBTC continues to struggle with significant outflows, highlighting ongoing investor hesitation.
Meanwhile, the crypto ETFs in the United States are showing good performance only that the last few days came with some level of turbulence.
Despite these outflows, the overall net asset value (NAV) of Bitcoin spot ETFs remains substantial at $51.47 billion.
CoinShares has expanded its crypto operations from the European market to the United States through the recent acquisition of Valkyrie’s spot Bitcoin ETF.
Despite major Bitcoin fund outflows, spot Ether ETFs saw a net inflow of $48.73 million, suggesting investors view Ether as a hedge or buying opportunity.
The US spot Ethereum ETFs have seen over $500 million in total net outflows since it started trading last month.
Popular Bitcoin critic Peter Schiff also predicts a major downfall in the Bitcoin ETF market on Monday. He expects a gap down of nearly 15-30% on Monday, as the US market goes live for trading.
The launch of Grayscale Bitcoin mini ETF two days ago has severely dented flows for FBTC, BITB, and ARKB Bitcoin ETFs which have seen zero inflows in the last four trading sessions.
Crypto exchange Coinbase is soon to present its second-quarter results with expectations of doubling its revenue as well as a jump in profit.
In addition to crypto trading, Futu is also licensed to offer Bitcoin and Ethereum exchange-traded funds (ETFs) to certified institutions.
Bitcoin price could drop further in the coming weeks after several rejections around $70K, coupled with bearish divergence on the weekly RSI.
Donald Trump proposed a strategic national Bitcoin reserve, Wyoming Senator Cynthia Lummis announced a Bitcoin reserve bill to address the $35 trillion debt, and Robert F. Kennedy Jr. committed to having the US Treasury purchase 500 Bitcoin daily until reaching 4 million.
Grayscale’s Managing Director John Hoffman expressed optimism about the future regulatory environment for crypto ETFs. He highlighted that with 53 million Americans owning crypto and upcoming elections, the topic is gaining importance at the highest levels of government.
The notable movement of the US government’s Bitcoin holdings amid upcoming FOMC statements has fueled BTC’s bearish sentiment.
The record open interest, along with other market indicators, points to a potential breakout for Bitcoin’s price.