Features Crypto News by Thebittimes.Com

On March 27, the crypto market saw its total market capitalization fall by $100 billion in the span of just 24 hours. This was followed by further losses, as digital assets marked $100 billion in outflows over the course of the weekend. Around noon on Sunday, March 31, a local bottom was reached, with the total crypto market cap falling to levels as low as $2.63 trillion. However, on April 1, the wider market staged a comeback, and the total valuation soared by $80 billion to reach $2.71 trillion as of press time.  Total cryptocurrency market cap 30-day chart. Source: CoinMarketCap What’s more, the market cap increase was not the result of a localized upswing, or, in other words, a surge in a large-cap asset’s price. On the contrary, the move to the upside has been pretty universal — at present, all of the top 10 cryptocurrencies by market cap are in the green on a 24-hour chart, with the exception of stablecoins like USD Coin (USDC) or Tether (USDT), which have se...

Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into altcoin digital asset investment products last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products enjoyed inflows last week after record-setting levels of outflows. “Digital asset investment products saw US$226m of inflows last week suggesting a positive but cautious investor. Following the largest outflows on record, ETPs have seen 9 consecutive trading days of inflows. Last Friday was the exception, seeing minor outflows totaling US$74m, likely in reaction to core personal consumption expenditure in the US coming in above expectations, implying the US Federal Reserve is likely to remain hawkish despite recent data alluding to weak growth.” Source: CoinShares Bitcoin (BTC) products, as usual, led the charge with $195 million in inflows. The king crypto was followed by altcoins, which broke a month-lo...

Crypto investment products registered $1.3 billion in inflows last week Ethereum outpaced Bitcoin with $793 million compared to $407 million Digital asset investment products notched $1.3 billion in inflows in the past week. It’s the fifth consecutive week of positive net flows for crypto exchange-traded products despite recent price declines. According to latest weekly flows report from digital asset manager CoinShares, the scenario outlines strong interest in buying amid market weakness. Ethereum outpaces Bitcoin in weekly net inflows Per a Coinshares report on February 10, the net inflows is almost double from the $747.4 million recorded the week before. The increase comes despite US President Donald Trump’s tariff impositions that saw prices dip amid investor reaction. Bitcoin and Ethereum dominated the inflows. However, the latter outpaced the former this week, registering $793 million inflows compared to Bitcoin’s $407 million. Over...

BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark. BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million. Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows. The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC). US Spot Bitcoin value. Source: SoSoValue Elevated trade among the spot Bitc...

BlackRock’s IBIT spot Bitcoin ETF (exchange-traded fund) saw a record $1.1 billion in inflows after the US Federal Open Market Committee (FOMC) announced a 25 basis points rate cut, sending BTC to a new all-time high (ATH). IBIT saw $1.119  billion enter its reserves on Nov. 7 following two consecutive days of outflows totaling $113.3 million, according to data from Farside Investors. Bitcoin reacted by surging to a new ATH of $76,943, according to CoinMarketCap. BlackRock’s IBIT Leaves Spot Bitcoin ETF Rivals Trailing In The Dust BlackRock’s IBIT fund outperformed its spot Bitcoin ETF rivals by a large margin in terms of inflows yesterday. The second biggest inflows were posted by Fidelity’s FBTC, with $190.9 million being added to its capital reserves.  Other Bitcoin ETF funds, including ARKB, BITB, HODL, GBTC and BTC ,also recorded inflows. Bitwise’s BITB and Ark’s ARKB recorded positive flows of $13.4 million and $17.6 million, re...

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products. That brought an end to their 8-day streak of inflows, according to data from SoSoValue . This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the Middle East after Iran fired ballistic missiles at Israel. BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session. Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves. The funds belonging to...

BlackRock (NYSE: BLK) has actively accumulated Bitcoin (BTC), especially for the exchange-traded fund (ETF) managed by its subsidiary, iShares (IBIT). Yet, investors wonder if BlackRock is selling its BTC in the face of the recent crash that suddenly shifted the cryptocurrency market‘s sentiment. According to the on-chain analyst known as Maartun , BlackRock could indeed be selling Bitcoin today, on August 7. As reported, monitored BlackRock wallets moved 632 BTC to a recently created wallet. However, the analyst explained that he is unsure whether this is a selling activity on Coinbase or an internal transaction. Transaction 05b1c01a29040d3bca0edb5ca3d8ca822b86402a7e89e61e87da4f6be21fbca3. Source: mempool.space BlackRock’s “not selling” previous behavior Previously, Maartun surprisingly pointed out that BlackRock’s wallets remained untouched despite the crash, following up with the recent Analysis .  ...

Investor enthusiasm for crypto-related investment products saw a notable increase last week amid a broader market downturn.  According to CoinShares ‘ latest report, these financial instruments experienced net inflows of $2 billion, mirroring the total inflows for the entire month of May.  This marks the fifth consecutive week of positive inflow s, with assets accumulating approximately $4.3 billion in investment s during this period. Picks for you Market expert sets next Bitcoin target after rejecting $71,000 27 mins ago Bitcoin boom: 7.3 million new BTC addresses added in H1 2024 56 mins ago Here’s when Bitcoin will hit $100k, acc...

Cryptocurrency investment products reached their highest volume since July 2023, totaling $78 million. Coinshares reported that the volumes of crypto exchange-traded products (ETPs) increased by 37%, reaching nearly $1.1 billion. The report also stated that Solana hit its highest level since March 2022, reaching a value of $24 million. Coinshares added that the inflows are divided, 90% coming from the European market, and the US and Canada saw only $9 million inflows. Bitcoin got the highest inflows, totaling $43 million during last week. You might also like: Crypto operator CoinShares launches U.S. hedge fund division Cryptocurrency industry challenges The cryptocurrency industry faces several challenges that need to be addressed for its widespread adoption and long-term success. One of the biggest challenges for the crypto currency industry is the need for more precise and consistent regulations across different jurisdictions. The absence of regulatory frameworks cre...