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CATEGORY: ishares


iShares BTC ETF investors weather major price drop with zero flows

Author: Cointelegraph by Savannah Fortis
United States
Aug 07, 2024 12:00

iShares BTC ETF investors weather major price drop with zero flows

The Bitcoin ETF from iShares saw a rough entry into the week, with the asset down by 14%, yet according to market analysis, no one budged.

Direct client demand driving growth in BlackRock's Bitcoin ETF so far

Author: Cointelegraph by Derek Andersen
United States
Jul 26, 2024 12:00

Direct client demand driving growth in BlackRock's Bitcoin ETF so far

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloombergs James Seyffart at Bitcoin 2024.

Jun 29, 2024 05:50

BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares

In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset managers Bitcoin ETF, iShares Bitcoin Trust, as of April 30.  This announcement follows two previous filings by BlackRock on May 28, which disclosed the funds exposure to Bitcoin in [...]

The post BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares appeared first on Crypto Breaking News.

Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows

Author: Cointelegraph by Arijit Sarkar
United States
May 08, 2024 12:00

Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows

GBTC has recorded inflows for two consecutive days bringing its total inflows to $66.9 million.

May 04, 2024 12:05

Analyst Discusses Bitcoin Price Path To Heighten Fear Factor

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that might cause more fear in the market. MilkyBull’s analysis delves into the subtleties of Bitcoin’s movement, identifying patterns and trends that could have a big impact on investor mood.  Bitcoin Triggering Anxiety In The Market According to the analyst, the market will get even more fearful of the Bitcoin price path before it bottoms out and continues to rise. The analyst claimed that because of the current price of BTC, Blackrock iShares Bitcoin Trust (IBIT) saw its first-ever outflows since the approval of the Bitcoin Spot Exchange-Traded Funds (ETFs). Related Reading: Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone Furthermore, he reminded us that positive news always denotes the peak of a Bitcoin bull cycle, while negative news denotes the bottom. With this notion, investors could position themselves for the next trajectory BTC takes. To further explore his narrative, MilkyBull drew attention to a previous analysis regarding Bitcoin’s final local bottom in this cycle. Given that BTC is following the PA (Price Action) of 2017, MilkyBull believes that the crypto asset might have bottomed out or come close to it. Historically, the bull market support band strongly sustains the Bitcoin market in bull cycles. As a result, the analyst is confident that Bitcoin’s price may wick through the support and recover. Another aspect highlighted by the expert is the Global liquidity during past bull cycles. Presently, Global liquidity is closely linked to Bitcoin at a level where it recovered in October 2022 and October 2023, which led to the inception of a massive surge in the digital assets markets, sparking a massive surge in the whole cryptocurrency market.  With the macro volatility on Tuesday, MilkyBull stated that Bitcoin is at a pivotal juncture for the last local bottom before it resumes its rise to the cycle peak. Though the market does not always respond to such expectations, the majority of members in the crypto space are requesting a correction to $48,000. BTC Poised For A Breakout On The Upside Another crypto analyst Captain Faibik has also spotted the largest cryptocurrency asset undergoing a price recovery lately. According to the expert, although BTC is currently seeing a rebound, it is still moving inside the falling wedge formation. Related Reading: Bitcoin Loses Historical Level, Analyst Says Reclaim And Bounce, Or Die Thus, Bitcoin’s bullish investors must overcome the $61,000 resistance level for the digital asset to break out from this formation. Should BTC break out from this formation successfully, Captain Faibik anticipates a notable move on the upside toward $78,000. Given that BTC is already trading above $61,000, all eyes are now set on the $78,000 price level. At the time of writing, BTC was situated at $61,701, indicating a rise of over 5% in the past day. Data from CoinMarketCap shows that its market cap has increased by 5%, while the trading volume is down by 21%. Featured image from iStock, chart from Tradingview.com

Apr 26, 2024 02:15

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak


BlackRock's iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively. (Read More)

Apr 25, 2025 12:05

Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World

Bitcoin has spent the majority of the past 24 hours on a notable rally that saw it price peak at an intraday high of $94,320. This rally marks an interesting change from the tight consolidation range between $80,000 and $85,000 that had defined Bitcoins trajectory through much of April.  Behind this breakout lies a significant uptick in institutional activity through Spot Bitcoin ETFs, which recorded their highest daily inflows since January. Interestingly, this inflow surge has helped push Bitcoin into the top five largest assets globally, surpassing Alphabet, Silver, and Amazon in market capitalization. Spot Bitcoin ETFs Sees Largest Inflows Since January According to data from SoSoValue, US-based Spot Bitcoin ETFs raked in $936.43 million in net inflows on Tuesday, April 22 alone, marking their best single-day performance since January 17 when it registered $1.08 billion. Wednesday, April 23 also witnessed similar performance, registering inflows of $916.91 million. Related Reading: Bitcoin Price Crash: Crypto Analyst Reveals What Would Reject Current Bearish Hypothesis BlackRocks iShares Bitcoin Trust (IBIT) led the way with a staggering $643.16 million in inflows, followed closely by Ark & 21 Shares’ ARKB with $129.5 million. Furthermore, Spot Bitcoin ETFs are now on four days of consecutive inflows of $100 million or more. The last time such happened was in the last week of January. These inflows into Spot Bitcoin ETFs follow a weeks-long dry spell in ETF activity, which saw many traders question the sustainability of institutional interest. Nonetheless, the timing of these inflows couldnt be more impactful. Bitcoins price surged in tandem with recent ETF activity, showing the the strong effect these ETFs have come to have on the spot price of Bitcoin. BTC Surpasses Amazon And Google To Become Fifth Largest Asset Worldwide The ETF inflows lit the spark and the resulting market reaction pushed Bitcoins rise up the global rankings. According to data from CompaniesMarketCap, Bitcoins total market value climbed to over $1.87 trillion as it crossed over $94,000 for the first time in eight weeks. Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 This interesting move allowed it to overtake both Google (Alphabet) and Amazon in market cap rankings, especially considering these stock prices have been on a notable decline in a 30-day timeframe. This development positions BTC not only as a leading cryptocurrency but also as a top-tier macroeconomic asset, competing on the global stage with traditional tech and commodity giants. As it stands, Bitcoin is now outperforming the NASDAQ 100, and analysts are pointing to signs of decoupling from traditional indices. Now that Bitcoin is trading above $90,000 again, the next focus is on where it goes from here. The bullish trajectory would be on the $100,000 price level, and whether BTC can break above this level before the end of April. That said, the $94,000 region is now shaping up to act as an early resistance band, and short-term profit-taking could cause pullbacks that might liquidate buy orders. Featured image from Pixabay, chart from Tradingview.com

Mar 29, 2024 02:15

BlackRock's iShares Bitcoin Trust Soars, CEO Fink Bullish on BTC Future


BlackRock CEO Larry Fink expresses optimism for Bitcoin as the iShares Bitcoin Trust (IBIT) records historic growth with $13.5 billion inflows in 11 weeks. (Read More)

Mar 28, 2024 06:50

Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M

BlackRock, one of the largest asset managers globally, has witnessed notable success with its newly launched tokenized money-market fund, BUIDL. The fund, which records shared ownership on the Ethereum (ETH) blockchain, has attracted over $160 million in just one week since its debut.  BlackRocks BUIDL Fund According to a Bloomberg report, the BlackRock USD Institutional [...]

The post Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M appeared first on Crypto Breaking News.

Mar 29, 2024 05:50

Blackrock CEO Larry Fink Very Bullish on Bitcoin Hails IBIT the Fastest Growing ETF Ever

The CEO of Blackrock, the world’s largest asset manager, Larry Fink, says he is “very bullish on the long-term viability of Bitcoin.” Noting that he is “pleasantly surprised” by the demand for Blackrock’s spot bitcoin exchange-traded fund (ETF), he emphasized that the Ishares Bitcoin Trust (IBIT) is “the fastest growing ETF in the history of [...]

The post Blackrock CEO Larry Fink Very Bullish on Bitcoin Hails IBIT the Fastest Growing ETF Ever appeared first on Crypto Breaking News.

Mar 24, 2024 05:55

Bitcoin Tops Crypto Priority for Blackrock Clients as IBIT Holdings Reach 243K BTC

Blackrock’s head of digital assets has revealed that bitcoin is the overwhelming favorite cryptocurrency for the asset management firm’s clients. “And then a little bit Ethereum, and very little everything else,” he added. Blackrock’s spot bitcoin exchange-traded funds (ETF), the Ishares Bitcoin Trust (IBIT), has amassed approximately 243K bitcoins since its launch. Blackrock’s Head of [...]

The post Bitcoin Tops Crypto Priority for Blackrock Clients as IBIT Holdings Reach 243K BTC appeared first on Crypto Breaking News.

Mar 02, 2024 05:50

BlackRock Spot Bitcoin ETF Launches In Brazil, ETF Market Secures 4% Of Total BTC Supply

BlackRock, the worlds largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In [...]

The post BlackRock Spot Bitcoin ETF Launches In Brazil, ETF Market Secures 4% Of Total BTC Supply appeared first on Crypto Breaking News.

Mar 02, 2024 12:05

Bitcoin ETF Breaks Records: BlackRocks IBIT Joins Elite $10 Billion Club Amidst Soaring Demand

The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in the largest cryptocurrency directly.  As institutional and retail investors flock to these new investment vehicles, market experts predict a bullish trend and anticipate a potential price surge. Bitcoin ETF Frenzy According to Bloomberg ETF expert Eric Balchunas, BlackRock’s IBIT Bitcoin ETF has quickly joined the esteemed “$10 billion club,” reaching the milestone faster than any other ETF, including Grayscale’s Bitcoin Trust (GBTC), noting that only 152 ETFs out of 3,400 have crossed the threshold. Balchunas notes that IBIT’s ascent to this club was primarily driven by significant inflows, which accounted for 78% of its assets under management (AUM). This reflects the growing appetite for Bitcoin exposure among investors seeking diversified and regulated investment options. In particular, the current trajectory of the ETF market paints a picture of resilience and bullish sentiment in the market. Equity ETF flows, and leveraged trading levels are positive indicators, although they have not yet reached the euphoria seen in 2021, Balchunas notes.  However, Bloomberg’s new BI ETF Greed/Fear Indicator, which incorporates various inputs, highlights the optimistic outlook shared by ETF investors, as seen in the chart below. Related Reading: Fetch.AI (FET) Surges 21%: Why This Rally Is Just Getting Started On this matter, crypto analyst “On-Chain College” went to social media X (formerly Twitter) to emphasize the significant demand for Bitcoin as evidenced by its rapid departure from exchanges.  In its analysis, On-Chain College highlights that Bitcoin ETFs buy approximately ten times the daily amount of BTC mined. At the same time, the upcoming halving event will further reduce the mining supply. The analyst predicts when demand will exceed available supply, leading to potential upward price pressure. Highest Monthly Close Since 2021 Bitcoin’s recent market performance has caught the attention of wealth manager Caleb Franzen, who highlights the significance of the highest monthly close since October 2021.  Franzen further emphasizes the bullish momentum by pointing out that the 36-month Williams%R Oscillator has closed above the overbought level for only the fourth time in history. Historical data reveals impressive returns following such signals, indicating the potential for substantial gains in the coming months.  Additionally, Franzen notes the changing dynamics of the market, with increased institutional participation and the ease of retail onboarding through ETFs. Franzen presents a compelling case for the bullish nature of overbought signals, urging market participants to view them as momentum indicators rather than signals to fade. Previous instances of overbought signals have resulted in significant Bitcoin price appreciation: February 2013: +3,900% in 9 months December 2016: +1,900% in 12 months November 2020: +260% in 12 months While acknowledging diminishing returns in each cycle, Franzen highlights the unprecedented level of institutional participation and the ease of retail access through ETFs.  Related Reading: XRP Poised for Growth: Analyst Forecast Bullish Movement Ahead Even if Bitcoin were to match the +260% gain from the November 2020 signal, it would reach a price of $180,000, surpassing Franzen’s minimum cycle target of $175,000.  Ultimately, Franzen notes that bull markets are typically characterized by a rising ETHBTC ratio and a falling BTC.D (Bitcoin dominance). While these characteristics have yet to manifest fully, Franzen suggests that a multi-quarter rally in the broader cryptocurrency market may be on the horizon. Featured image from Shutterstock, chart from TradingView.com

Mar 01, 2024 05:50

Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report

Bank of Americas Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of Americas investment arm, Merrill [...]

The post Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report appeared first on Crypto Breaking News.

BlackRock’s newest ETF invests in 35 blockchain-related companies

Author: Cointelegraph By Luke Huigsloot
United States
Sep 30, 2022 08:20

BlackRock’s newest ETF invests in 35 blockchain-related companies

“We believe digital assets and blockchain technologies are going to become increasingly relevant for our clients,” said BlackRock ETF product strategist Omar Moufti.

Apr 29, 2022 02:05

BlackRock Lists Blockchain ETF iShares for Investors

BlackRock debuts its new iShares Blockchain and Technology ETF on Wednesday (IBLC). The ETF provides an opportunity to capitalize on ...

Read More...

Feb 29, 2024 12:05

Analyst Labels Bitcoin Rally Strongest Pre-Bull Cycle Yet

The entire cryptocurrency space is fueled with excitement as the price of Bitcoin rallied today, demonstrating immense resilience, reaching the $59,000 threshold and even further in the past 26 months. Bitcoin Rally Kicks Off The Strongest Pre-Bull Cycle So Far Bitcoin is currently in the limelight as the crypto asset continues to rally, leading to several analysts identifying the surge as the start of the “biggest bull cycle ever.” Analyst and trader Crypto Jelle has labeled the recent uptick as the “strongest start to a new cycle” as his analysis examines the strength of BTC‘s surge. Related Reading: Bitcoin Fast Approaching $60,000 As BTC F&G Index Hits Extreme Greed Details Jelle claims this resulted from Bitcoin’s latest “break out from the 0.618 Fibonacci retracement.” According to the analyst, “this marks the first time” the asset has made this kind of move “before the Bitcoin Halving event happens.” He also claims that with the ongoing rally, it seems like the market is “in for a new regime,” he believes things will play out “differently” in the market from how they usually do. The post read: This is the first time Bitcoin breaks that 0.618 Fibonacci retracements before the halving event even takes place. By far the strongest start to a new cycle, ever. Looks like we are in for a new regime, where things work a little different than how they used to. The analyst claims that a shift in the narrative is ushering in a “new era of dynamics in the cryptocurrency landscape.” As a result, “exciting moments await” the space in the future. Crypto Jelle declared that nothing can stop Bitcoin at the moment. “With BTC rising by another 2% in the past few hours, there seems to be no stopping it right now,” he stated. Additionally, most of yesterday’s gains occurred outside the Exchange-Traded Funds’ trading hours. However, the analyst is waiting to see if they will “force boomers to pursue price.” BTC ETFs See Massive Inflow Research company BitMEX reported that Bitcoin Spot ETFs have seen increased adoption, witnessing a massive surge in daily inflow. Data from the platform shows that ETFs have witnessed a significant inflow of 10,167 BTC valued at $576.8 million. Related Reading: Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion BitMEX underscored that Blackrock’s iShares BTC ETF (IBIT) made up $520 million of the total inflow. Consequently, this marks the highest inflow the company has seen since the products were approved.  So far, Blackrock’s asset holdings have risen to over 141,000 BTC, and its net inflow sits above $6.5 billion. Currently, Bitcoin is trading at $59,254, indicating a rise of over 4% in the past 24 hours.  Featured image from iStock, chart from Tradingview.com

BlackRock says 1-2% a reasonable Bitcoin portfolio allocation

Author: Cointelegraph by Alex O’Donnell
United States
Dec 13, 2024 12:00

BlackRock says 1-2% a reasonable Bitcoin portfolio allocation

The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.

BlackRocks Bitcoin ETF flips gold fund

Author: Cointelegraph by Alex O’Donnell
United States
Nov 09, 2024 12:00

BlackRocks Bitcoin ETF flips gold fund

BlackRocks IBIT ETF now holds upward of $33 billion in assets, more than the asset managers gold fund.

BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading

Author: Cointelegraph by Alex O’Donnell
United States
Nov 07, 2024 12:00

BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading

Some analysts expect Bitcoins price to surge following Donald Trumps Nov. 5 election win.

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