US active asset managers are getting left behind as investors tiptoe back into the markets via index tracking funds. Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin Templeton. Instead,…
BlackRock’s Bitcoin ETF, IBIT, is now one of the top 10 ETFs of all-time, at least when it comes to maintaining its streak of daily investment inflows. As of Tuesday, April 23, IBIT has seen 70 days of inflows, meaning that the fund has seen a positive increase in its total holdings of the underlying asset,…
pcess609 The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“Fund Flows”). During LSEG Lipper’s fund flows week that ended March 27, 2024, investors were overall net redeemers of fund assets (including both conventional funds and ETFs) for the second straight week, removing…
Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted. With this barrier gone, financial advisors, mutual funds, pension funds, insurance companies and retail investors can now receive Bitcoin exposure without…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The First 5 Days The Bitcoin spot ETF launch was one for the history books. By…
The introduction of spot Bitcoin ETFs triggered a massive retracement in the overall crypto market. After just four days since the introduction of spot Bitcoin Exchange Traded Funds (ETFs), the crypto market has witnessed a substantial influx of over $2.9 billion, excluding funds tied to Grayscale Bitcoin ETF (GBTC). Top Three Bitcoin ETF Issuers Among…
JPMorgan expects maximum outflows from GBTC into spot Bitcoin ETFs due to the very high fees of the former product. In the US, the debut of spot bitcoin exchange-traded funds (ETFs) is not likely to attract a significant influx of new capital. According to JPMorgan analysts, there might be a shift of up to $36…
Cathie Wood Predicts $4 Billion Inflows in Ark 21Shares Bitcoin ETF In a recent statement, Cathie Wood, head of ARK Invest, revealed that her fund is actively engaging with a diverse range of institutions, including state pension funds and treasurers. The objective is to secure initial investments into the Ark21Shares Bitcoin ETF, with the ticker…
The bank also anticipates a potential flow on the lower side of its projection. On the opposite end, it foresees inflows reaching $130 billion, considering an estimated range of $50-100 billion in 2024 as reasonable. Various applicants for spot bitcoin ETFs also envision substantial capital entering the market. For example, VanEck predicts $1 billion in…
The Blast Mainnet is scheduled to go live on February 24, 2024, enabling withdrawals and allowing users to redeem their Blast Points for actual rewards starting from May 24 next year. Recently launched Ethereum (ETH) Layer-2 blockchain Blast has earned itself some popularity in the last few days, although a significant portion of this fame…
During the past 9 weeks, Solana recorded a total inflow of about $0.7 million while all digital asset investment products saw an outflow of about $342 million in the past seven weeks. One of the leading smart contract blockchains and DeFi ecosystems with over $305 million in total value locked (TVL), Solana (SOL), has been…