2018-6-11 04:13 |
Despite the SEC’s reluctance, crypto ETFs might be arriving soon
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U.S. spot Bitcoin ETFs posted $225 million in net outflows while Ether counterparts attracted $26.32 million, signaling a fresh divergence in institutional.
Bitcoin climbed to a five-week high above $66,600 as ETF inflows turned positive and the crypto market began closing the performance gap with equities and gold.
Asian semiconductor shares rebounded and a five-day ETF inflow streak pushed Bitcoin to a two-week high near $65,500, while oil eased on Middle East diplomacy.
A record $8B outflow streak ended with $287M inflows, then $415M after soft US CPI data, but Bitcoin likely stays below $80,000, per CoinShares.
Spot Bitcoin and crypto ETFs have become the largest force in the market, absorbing and releasing billions of dollars of coins through a mechanism most of their own investors have never seen. This guide opens the machine: authorized participants, the…
Whale wallets absorbed $16.7B of Bitcoin at the lows while spot ETFs posted record outflows. Both sides of the great hands transfer, and the tape to watch.
Bitwise adds HYPE and XLM to BITW, removing DOT and AVAX as Hyperliquid’s market growth pushes it into the major crypto index ETF this week.