All articles tagged with #bitcoin etfs
In late September 2025, Bitcoin and Ethereum ETFs experienced a combined outflow of over $1.7 billion amid increased volatility and declining prices, marking a reversal from previous inflows. Despite short-term withdrawals, institutional interest remains, with potential market momentum expected from upcoming altcoin ETF approvals in October, which could influence future investor behavior.
U.S. spot Bitcoin ETFs experienced $902.5 million in outflows last week, ending a four-week inflow streak, mainly due to profit-taking and rebalancing as the quarter ends. Despite short-term fluctuations, long-term institutional adoption remains strong, and Bitcoin shows resilience amid macroeconomic uncertainties, with potential for increased volatility and trend-setting moves in the upcoming months.
SEC Chair Gary Gensler reaffirmed his stance on crypto regulation, emphasizing the need for proper registration and disclosure of digital assets, amid potential removal by President-elect Donald Trump. Gensler highlighted the SEC's efforts in approving Bitcoin ETFs and enforcing compliance, while Trump has promised to fire him if elected, raising uncertainty about the future of crypto regulation. Trump's ability to remove Gensler is unclear, as it would require Senate approval, and he has not announced a replacement.
Bitcoin is experiencing volatility as the "halving" event approaches, with its price fluctuating and other cryptocurrencies like Ether, Solana, and Doge also seeing declines. The halving, set for around April 19, will reduce the mining rate, potentially impacting Bitcoin's price. Additionally, Bitcoin ETFs are facing outflows, contributing to the market's uncertainty.
The Hong Kong Securities and Futures Commission has approved spot Ethereum and Bitcoin ETFs, but Bloomberg analysts caution that the market is expected to lag behind the US, with potential inflows estimated at only $500 million due to factors such as a relatively small ETF market, restrictions on local purchases, and the absence of major players. While the approval is a positive development, the impact of the Hong Kong ETFs is likely to be limited compared to the US market, with assets held in US-listed Bitcoin ETFs alone exceeding the total assets of all Hong Kong-listed ETFs.
Bitcoin's price has surged to over $71,000 ahead of its much-anticipated block rewards halving, currently trading at $70,955.86, up 5.9% on the day and 10.9% on the week. The halving, set to take place in April, will see the block reward for miners cut in half, historically leading to price surges. However, some argue that external macro factors, such as loose monetary policy and fiscal stimulus, may have a greater impact on Bitcoin's price movements. The arrival of U.S. spot Bitcoin ETFs and potential supply crunch are also contributing to the price surge.
Nearly $1 billion was withdrawn from global crypto funds, marking a historic departure from a 7-week inflow streak, with major players like BlackRock and Grayscale feeling the impact. The outflows coincided with a notable correction in cryptocurrency prices, leading to decreased trading volumes and asset valuations. While the US market saw over $1 billion in inflows, it was insufficient to offset the nearly $2 billion outflows from Grayscale’s GBTC fund conversion. The global sentiment was mixed, with outflows in some countries and for certain cryptocurrencies, while others saw inflows, sparking a dialogue about the role and accessibility of Bitcoin ETFs in fostering broader market integration.
SEC Commissioner Hester Peirce criticizes the agency's "regulating by enforcement" approach and delays in approving spot Bitcoin ETFs, expressing frustration over the Grayscale case and the agency's handling of Ethereum spot ETF applications. She advocates for clear regulatory guidelines and a common sense approach, suggesting collaboration between crypto enthusiasts and policymakers. Peirce supports the idea of a token "safe harbor" and emphasizes the SEC's role in prosecuting fraud in the crypto space, while also admonishing investors for seeking help from regulators after making bad trades.
The House Financial Services Committee advanced a resolution to overturn the SEC's Staff Accounting Bulletin 121 (SAB 121), which has hindered banks from offering crypto custody services, with bipartisan support. The resolution aims to utilize the Congressional Review Act to revoke what is seen as an "unlawful rule" and has garnered significant industry support. Repealing SAB 121 is crucial for institutional adoption of crypto and could address concerns over concentration risk in bitcoin custody for ETFs, as well as rectify the overreach of the SEC guideline.
Vanguard CEO Tim Buckley, who has been against spot bitcoin ETFs, is set to retire, prompting speculation about whether his replacement will change the company's stance. Despite the recent approval of bitcoin ETFs by other major U.S. financial institutions, Vanguard has not allowed its brokerage customers to invest in them. The company's strong performance, particularly with its ETF tracking the S&P 500 Index, has led some to believe that Vanguard may not need to alter its approach to include bitcoin ETFs under new leadership.
Bank of America's Merrill Lynch and Wells Fargo are now offering spot bitcoin exchange-traded funds (ETFs) to their clients, following the launch of 10 ETFs in January. This move by the two Wall Street wealth management giants could potentially bring significant buying power to the market for bitcoin ETFs, with industry participants eagerly awaiting major U.S. brokerages to offer the funds to their clients. The entrance of Merrill Lynch, Wells Fargo, and possibly Morgan Stanley could lead to a new wave of demand for these ETFs, which have already seen tremendous demand since their launch.
Crypto investment products have seen a surge in investor interest, with over $500 million in inflows over the past week, bringing the year-to-date inflows to $5.7 billion. The influx has been primarily driven by the introduction of new spot Bitcoin exchange-traded funds (ETFs) in the United States, accounting for 55% of the record inflows witnessed throughout 2021. US-based funds led the way with the largest inflows, while Bitcoin-based funds dominated the inflows, attracting $570 million in investments. Despite the positive momentum, certain assets faced challenges, with Solana investment products seeing outflows for the second consecutive week. However, the overall trajectory of the global cryptocurrency market has been largely positive, with the total market capitalization of crypto assets surpassing the $2 trillion mark.
Gold ETFs have experienced significant outflows since the launch of ten spot bitcoin ETFs in January, with the two largest gold ETFs, GLD and IAU, seeing a combined $3.1 billion in net outflows. In contrast, the new spot bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC, have attracted nearly $10 billion in assets under management. While some speculate that investors may be shifting from gold to bitcoin, others attribute the outflows to performance differences, with gold down over 2% and bitcoin up 23% year-to-date.
Bitcoin surged past $52,000, with a 17% increase from last week, as its exchange liquidity grows rapidly, signaling increased investor interest and potential for reduced price volatility. The growing open interest in Bitcoin derivatives markets, nearing an all-time high, reflects strong investor sentiment and expectations for upcoming volatility. Additionally, Bitcoin ETFs are taking 10 times more BTC off the market than is being minted daily, potentially leading to a bullish scenario after the upcoming halving in April. Wall Street's growing appetite for Bitcoin ETFs, as seen with BlackRock's iShares Bitcoin Trust, further underscores the increasing mainstream interest in cryptocurrency.
Grayscale predicts that Bitcoin's upcoming halving event will lead to a steady price increase due to lower selling pressure and increased interest in native Bitcoin-based applications. On-chain activity has been revitalized by the introduction of ordinal inscriptions and BRC-20 tokens, generating significant transaction fees for miners. Additionally, the launch of spot bitcoin exchange-traded funds (ETFs) is expected to drive buying pressure and support higher prices post-halving. The halving, designed to reduce inflationary pressure on Bitcoin, historically precedes bull runs, and Grayscale believes that Bitcoin's market structure looks favorable for price appreciation after the event.