Chain News Daily Today TheBitTimes.com

BlackRock’s Spot Bitcoin ETF offering brings more revenue than its S&P 500 tracker fund, according to Bloomberg analysts. The iShares Bitcoin Trust ETF (IBIT) has picked up inflows in all but one of the last 18 months, an extremely successful offering since its launch in January 2024. JUST IN: BlackRock's Bitcoin ETF drives more revenue than its S&P 500 fund. pic.twitter.com/4M9ZmHsMjI — Watcher.Guru (@WatcherGuru) July 2, 2025 With an expense ratio of 0.25%, the fund brings in an estimated $187.2 million in annual fees, according to Bloomberg. That is higher than the $187.1 million made by BlackRock’s iShares Core S&P 500 ETF (IVV). What is even more shocking about that stat is that the BlackRock S&P 500 fund is nearly nine times larger at around $624 billion in assets, and charges just 0.03%. “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposu...

Banking giant Barclays is prohibiting its customers from buying crypto using its credit cards this week, despite investing $131 million into BlackRock’s bitcoin (BTC) ETF holdings almost six months ago.  Barclays announced today that it will ban crypto transactions via Barclaycard on June 27 due to the “risks” of crypto, including its high volatility that can leave “customers finding themselves in debt they can’t afford to repay.”  It noted that crypto assets aren’t covered by UK compensatory schemes or the country’s Financial Ombudsman Service. The crypto ban comes just six months after Barclays decided to invest millions in buying shares in the iShares Bitcoin Trust on December 31. When asked to comment on the apparent change in attitude, Barclays told Protos, “Today’s move is specific to Barclaycard and our credit card customers.” BlackRock ETFs: Gold outperforms bitcoin in Trump’s second term Read more: BlackRock wants ...

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto dropped below $60K. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $13.51 million in net outflows on Aug. 29, according to data from SosoValue. ARKB The Only Spot Bitcoin ETF To Record Net Inflows Yesterday Capital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million. The only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund.  In addition to the net outflows, the funds also saw their collective tradi...

Bitcoin ETF inflows have reached incredible levels, and this has happened precisely while a GOLD surge is shattering records. This combination of events points towards a perspective change in safe-haven assets. This will impact investor strategies in 2024. US Spot Bitcoin exchange-traded funds (ETFs) have seen remarkable growth lately, with 420 million net inflows just on Tuesday. This makes it the eighth consecutive day of positive inflows. This shows the increasing investor confidence in crypto-based financial products, and we love it! iShares Bitcoin ETF now over $20bil in assets & taking in a quarter bil on a random Tuesday… *$20bil*. *6mos* after launch. I think we can safely put the “degen retail” narrative to bed. Advisors & inst’l investors clearly showing up to this party. https://t.co/FkkBUlPHQz — Nate Geraci (@NateGeraci) July 17, 2024 Also Read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 Gold Surge: How It Compares to Bitcoin ETF Performance Record-Breaki...

On February 8th, spot Bitcoin exchange-traded funds (ETFs) saw their third-largest influx, totaling $403 million, marking a significant milestone in the cryptocurrency market. Meanwhile,  Galaxy Fox , considered by many investors and analysts to be the best upcoming ICO, reached a new milestone of its own. Let’s delve into these exciting developments and what they mean for investors. Spot ETFs See Third Largest Day Since Debut Spot Bitcoin exchange-traded funds (ETFs) witnessed an impressive surge, marking their third-largest influx since their debut, totaling a staggering $403 million. This occurred despite over $100 million exiting the Grayscale Bitcoin Trust (GBTC), indicating a notable shift in investor sentiment.  Since their launch on January 11th, these spot Bitcoin ETF s have garnered considerable attention, with the recent total inflow surpassing $2.1 billion, highlighting a robust demand for Bitcoin in the market. The surge in inf...

In January, analysts recorded a record trading volume in the blockchain of the first cryptocurrency; the figure amounted to $1.21 trillion. The last time trading volume on the Bitcoin network rose above $1 trillion was only in September 2022, according to The Block. At that time, Bitcoin (BTC) was trading at around $20,000. Source: The Block According to CoinMarketCap, the first cryptocurrency is trading at $43,089 at the time of writing. Over the past 24 hours, the asset’s price has strengthened by 0.6%. The highest level over the past 24 hours was $43,147 and the lowest was $42,283. Bitcoin’s market capitalization is now $845 billion, with daily trading volume exceeding $15.6 billion. Source: CoinMarketCap The sharp increase in BTC trading volume s was accompanied by the approval of spot Bitcoin ETFs on Jan. 10 by the Securities and Exchange Commission (SEC). On the first day, the volume of exchange trading in new investment instruments exceeded $4.5 billio...

In the ever-evolving realm of cryptocurrencies, Mike Novogratz, a seasoned figure in the crypto community, offers a bullish outlook for Bitcoin, contrasting with the bearish predictions by others following a positive SEC decision on Bitcoin ETF . Meanwhile, EOS and  InQubeta are poised for potential growth, marking a time of diverse expectations and opportunities in the crypto landscape. Novogratz Optimistic about Bitcoin’s Future The recent move by Grayscale to keep a 1.5% fee on its Bitcoin Trust ETF has got the crypto world buzzing with different opinions. Chris J. Terry, a well-known analyst in the space, isn’t too optimistic about Bitcoin‘s immediate future. He’s expecting some selling pressure that could make things a bit rocky. But then you have Mike Novogratz, who’s like a ray of hope in these uncertain times. He believes that even though there might be some initial sell-off in Grayscale’s Bitcoin Trust (G BTC ) ...

Net inflow s into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflow s into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflow s, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over $2.9 billion of total inflow (excluding GBTC) The top three providers after four days by inflow : 1. Blackrock $1,085m 2. Fidelity $884m 3. Bitwise $375m Still waiting for GBTC day 4… pic.twitter.com/Q8bBiVN0nM — BitMEX Research (@BitMEXResearch) January 18, 2024 At the same time, according to another report published later, in four days, the GBTC fund attracted $458 million and $1.6 billion of outflow. Bitcoin Spot ETFs ...

The long-awaited launch of the first Bitcoin spot ETFs in the US generated huge hype and initially propelled prices upward. However, Bitcoin soon corrected 14% from its local high of around $48,500 hit on January 10. Meanwhile, Altcoins have shown far more resilience in holding on to recent gains. Some analysts argue this divergence could fuel major altcoin rallies ahead. According to Andrew Kang, co-founder of crypto venture firm Mechanism Capital, the newly launched Bitcoin ETF s represent a watershed moment for institutional adoption. However, while beneficial to Bitcoin long-term, he believes their impact will be even greater for alternative cryptocurrencies ( Altcoins ). Also read: Gold Price Drops Below $2050, How Will Price Perform In 2024? Bitcoin ETF launch is good for BTC, but actually much better for Altcoins The Goldilocks scenario for Altcoins is when BTC goes up slowly over the span of months and years. Few if any double digit % intraday swings. Most days w...

The Chicago Board Options Exchange (CBOE) has approved the listing of several Spot Bitcoin ETFs pending US Securities and Exchange Commission (SEC) approval. Specifically, the exchange approved the listing of ETFs issued by VanEck, Fidelity, Franklin Templeton, Ark Invest, and Invesco Galaxy. The industry is awaiting the SEC decision regarding more than a dozen applications of the Bitcoin investment product. Moreover, if approval is granted today, as expected, industry experts have predicted trading to start as early as Thursday morning for most issuers. JUST IN: Cboe approves the following Spot #Bitcoin ETFs for listing on its exchange, pending SEC approval: • VanEck • Fidelity • Franklin • ArkInvest • Invesco Galaxy pic.twitter.com/A6ZbWs9yAe — Watcher.Guru (@WatcherGuru) January 10, 2024 Also Read: BlackRock Cuts Its Spot Bitcoin ETF Fee To 0.25% Cboe Already Approves Spot Bitcoin ETF Listings Pending SEC Decision For the past few mont...

BlackRock disclosed JPMorgan Securities and Jane Street as intended participants for its proposed Bitcoin ETF before the SEC decision. The asset management giant is set to collaborate with the participants , pending approval from the Securities and Exchange Commission (SEC). Authorized participants play a crucial role in ETF operations, as they can create and redeem shares. This involves exchanging ETF shares for a corresponding basket of securities mirroring the fund’s holdings or opting for a cash exchange. The disclosure of these authorized participants is considered a pivotal step before the SEC decides. JPMorgan CEO Jamie Dimon has previously advocated for a government ban on cryptocurrencies, citing concerns about their legitimacy. But with JPMorgan being an intended participant in the Bitcoin ETF, Dimon’s words contradict his previous statements. Jamie Dimon says Bitcoin should be banned. Now his bank JP Morgan has been named as an ‘Authorised Participant’ on Bl...

Grayscale’s Bitcoin Trust conversion into an ETF seems imminent as the SEC’s attempt to block fails, paving the way for possible broader Bitcoin spot ETF approvals in the US. The long-awaited conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin (BTC) exchange-traded fund (ETF) appears close at hand following a failed appeal by the Securities and Exchange Commission (SEC) to block the move. According to an Oct. 16 video by famous cryptocurrency analyst CryptosRUs, the deadline for the SEC to appeal a recent court ruling in favor of Grayscale has passed. The order struck down the SEC’s reasons for previously denying conversion of the Trust into a spot Bitcoin ETF. With no valid objections left after declining to appeal, he suggests Grayscale can now reapply for conversion with high chances of approval. The SEC would have to provide a new rationale to deny the application, which it is unlikely to do after losing in court. You might also like...