The $50 billion milestone comes amidst the investment vehicles’ return to inflows on Thursday.
Approximately 75% of new money invested into BTC comes from the ETFs, excluding Grayscale’s GBTC.
Bitcoin ETF issuers are buying more than 10-12 times the amount of BTC produced daily, leading to a 2% price increase of roughly $1,000 per day.
Staking could provide additional profits for ETF investors, but it comes with added risks.
May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck’s final deadline for approval.
Inflows now only remain consistent for the top two newly launched Bitcoin spot Bitcoin ETFs.
The South Korean government initially reaffirmed its commitment to maintaining the ban on crypto ETFs despite the SEC’s approval of them.
Harvest Fund Management aims to launch the first Spot Bitcoin ETF in Hong Kong after the Lunar New Year.
SEC defers decision on BlackRock’s Ethereum ETF application to March 10, 2024, for comprehensive assessment.
WisdomTree’s Bitcoin ETP fees decrease to 0.35%, while Invesco’s drop to 0.39%. Adjustments effective before month-end.