Stories tagged “Bitcoin Etfs.”
5 stories
Bitcoin's recent surge, fueled by over $3 billion in ETF inflows, slowed after Federal Reserve Chair Kevin Warsh indicated more work was needed to combat inflation, causing a 3% drop.
Bitcoin ETFs draw billions in new investment, pushing the cryptocurrency's price higher after a sluggish June and July.
Investors have been buying up shares in the American Bitcoin funds this week, with over $1 billion in fresh cash flowing in. This has helped propel the leading cryptocurrency to nearly $73,000.
Edelman Financial Engines has disclosed a $34 million position in spot Bitcoin ETFs, exceeding some of the firm's other holdings in major tech companies. Tudor Investment Corporation, run by Paul Tudor Jones, also reported owning $22.9 million of BlackRock's spot Bitcoin …
U.S. spot Bitcoin ETFs logged a 10-day outflow streak that drained nearly $3 billion and pushed year-to-date flows into negative territory.