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Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
- 05:27The Bitcoin spot ETF had a total net outflow of 62.7725 million US dollars yesterday, continuing for 4 days of net outflowsAccording to SoSoValue data, on February 21 (ET), the total net outflow of Bitcoin spot ETFs amounted to $62.77 million. Grayscale ETF GBTC saw a single-day net outflow of $60.08 million, bringing its total historical net outflow to $22.106 billion. Meanwhile, Grayscale Bitcoin Mini Trust ETF BTC had a single-day net outflow of $0.00, with a historical total net inflow of $1.199 billion. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock ETF IBIT, which recorded a net inflow of $21.64 million, bringing its historical total net inflow to $40.878 billion. VanEck ETF HODL followed with a single-day net inflow of $4.71 million, bringing its historical total net inflow to $871 million. As of the time of publication, the total net asset value of Bitcoin spot ETFs stands at $110.795 billion, with an ETF net asset ratio (ETF market value as a percentage of Bitcoin's total market value) of 5.88%. The historical cumulative net inflow has reached $39.556 billion.
- 05:25The Ethereum spot ETF had a total net outflow of 8.9166 million US dollars yesterday, with the ETF net asset ratio reaching 3.14%Odaily Planet Daily reports that according to SoSoValue data, yesterday (Eastern Time February 21), Ethereum spot ETF had a total net outflow of $8.9166 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $0.00, and the current historical net outflow of ETHE is $3.998 billion. Grayscale's Mini Ethereum Trust ETF ETH also had a single-day net outflow of $0.00, while the historical total net inflow for Grayscale's Mini Ethereum Trust ETH stands at $612 million. As of press time, the Net Asset Value (NAV) of the Ethereum spot ETF is $9.981 billion; its NAV ratio (the proportion compared to the total market value of Ethereum) has reached 3.14%, with a cumulative historical net inflow reaching up to $3.154 billion.
- 05:08OpenSea CEO: Attempting to classify NFTs as securities would be a step backwardsGolden Finance reports that OpenSea co-founder and CEO dfinzer.eth responded on platform X to the US Securities and Exchange Commission's conclusion of its investigation into the platform. He stated that this news is a victory for every creator and builder in the NFT field, attempting to classify NFTs as securities would be a step backwards, misinterpreting law and hindering innovation. Every creator, regardless of size, should be able to create freely without unnecessary obstacles.