Latest news with #iSharesBitcoinTrust
Yahoo
18 hours ago
- Business
- Yahoo
$1.5 Billion In One Day: Why Bitcoin And Ethereum ETFs Are Running Wild
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. spot Bitcoin (CRYPTO: BTC) ETFs recorded a daily net inflow of $799.4 million on July 16, extending a ten-day streak of consistent institutional inflows and pushing cumulative inflows past $53.8 billion, according to data from SoSoValue. The inflows come amid surging prices and a broader industry push for regulatory clarity during the ongoing "Crypto Week" in Washington. The ten-day run of inflows into spot Bitcoin ETFs has now brought cumulative inflows to over $53.8 billion, a sign of mounting institutional interest as crypto assets rebound sharply in 2025. Data shows BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) leading with a daily inflow of $763.8 million, pushing its net assets to $86.7 billion. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Ethereum (CRYPTO: ETH) also witnessed record-breaking activity, with U.S. spot ETH ETFs drawing in $726.7 million on the same day, its highest single-day net inflow to date, lifting total ETH ETF net assets to $16.4 billion. What Experts Are Saying: In a note sent to Benzinga, Dom Harz, co-founder of hybrid Layer-2 network BOB, attributed the surge to "the convergence of increased institutional inflows, growing confidence in digital assets as foundational infrastructure, and importantly, a call for regulatory clarity." He added that "Crypto Week is a historic moment for both Bitcoin and crypto," emphasizing that Bitcoin DeFi is becoming a viable gateway for institutions to not only hold BTC but also deploy it in decentralized applications. This period of momentum coincides with the legislative activity surrounding the proposed GENIUS Act, a digital asset bill aimed at establishing a clearer U.S. regulatory framework. However, some voices from within the industry believe the U.S. is playing catch-up. "The GENIUS Act signals overdue progress, but it can't pretend to lead when it's clearly playing catch-up," said Manthan Davé, co-founder of Ripple (CRYPTO: XRP)-backed custodian highlighted that Europe's MiCA legislation has already laid a blueprint by proving "regulation doesn't have to strangle innovation—it can stabilize it." Davé also raised concerns about siloed regulation: "If the Act merely establishes a U.S.-only stablecoin ecosystem, it risks stifling on-chain finance instead of enabling it." For the U.S. to remain competitive, he argues, regulation must accommodate composability and interoperability with DeFi systems, particularly in the emerging tokenized treasury and RWA segments. Despite concerns, the current ETF data indicates strong momentum. Fidelity's (CBOE: FBTC) and Grayscale's (NYSE:GBTC) followed BlackRock (NASDAQ:BLK) in flows, though GBTC reported no net inflow, maintaining $21.8 billion in net assets. Meanwhile, Ethereum ETFs by BlackRock (NASDAQ:ETHA) and Grayscale (NYSE:ETHE) led ETH-based activity, with 11.19% and 11.23% daily gains in price, respectively. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article $1.5 Billion In One Day: Why Bitcoin And Ethereum ETFs Are Running Wild originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Business
- Time of India
Bitcoin hits $122,000 as Wall Street bets big — BlackRock ETF grows faster than gold
Bitcoin has gone up over 25% this year, hitting a new high of $122,000. This big jump happened mainly because Wall Street is putting in a lot of money, around $85 billion, through Bitcoin ETFs. One of the main reasons for this rise is that big investors from traditional finance are now investing in Bitcoin, not just crypto fans. Even though Bitcoin is down about 2% today, it's still doing way better than most other assets this year. The S&P 500 stock market index is only up 6.58% this year, which is nothing compared to Bitcoin, as per the Fortune report. Explore courses from Top Institutes in Select a Course Category Product Management healthcare Design Thinking Technology Digital Marketing Cybersecurity Management Artificial Intelligence Finance Project Management others Data Analytics Leadership Operations Management Data Science Others Degree Healthcare MCA PGDM Public Policy Data Science MBA CXO Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Bitcoin's ride is smoother now Even though Bitcoin used to be super jumpy, this time it hit its high with less volatility. The reason it's more stable now is because so much money is coming in through ETFs, making Bitcoin more 'liquid' and keeping its price in a tighter range. Just last Thursday, Bitcoin ETFs in the U.S. got $1.17 billion in a single day, as per the reports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo ALSO READ: Rocket Lab shoots up 8% after analysts raise price targets — is this the start of a bigger run? BlackRock's ETF is growing super fast BlackRock's iShares Bitcoin Trust, which only started 18 months ago, already holds $80 billion. In comparison, it took the SPDR Gold Shares ETF about 15 years to reach that same amount, as per the Fortune report. Live Events Wall Street poured $35 billion into new Bitcoin ETFs in 2024, and another $50 billion more came in this year so far, according to the reports. U.S. Dollar getting weaker = Bitcoin getting stronger The U.S. dollar lost almost 10% of its value this year. People don't want to hold cash that's losing value, so they're putting money into Bitcoin and gold instead. The U.S. just signed a new tax bill, which means high government spending and big deficits (6.5%–7% of GDP). This is causing a "de-dollarisation" trend, as per the report by Fortune. Global market update Consumer Price Index (CPI) update coming at 8:30 a.m. ET. Current is 2.4%, expected to rise to 2.7%. S&P 500 futures rose 0.31%, actual index went up 0.65% yesterday. Hang Seng index rose 1.6%, as per the reports. ALSO READ: BlackRock goes big on crypto — adds $916 million in Bitcoin and Ethereum in just 16 days Japan's Nikkei 225 rose 0.55%. Stoxx Europe 600 went up 0.3% in early trading. UK's FTSE 100 stayed flat but close to crossing the 9,000 level for the first time. Bitcoin dropped 2.56% to around $116,000 in early trading, according to the report by Fortune. FAQs Q1. Why is Bitcoin going up in 2025? Bitcoin is rising mainly because Wall Street investors are putting in huge money—over $85 billion—through new Bitcoin ETFs. Q2. Is BlackRock's Bitcoin ETF growing faster than gold? Yes, BlackRock's iShares Bitcoin Trust reached $80 billion in 18 months, faster than gold ETFs which took 15 years.
CNBC
5 days ago
- Business
- CNBC
Bitcoin is nearly double where it was a year ago. This is what's behind the run
Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world's largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn't being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that's playing out in real time. Spot Bitcoin ETFs pulled in $2.7 billion last week, including nearly $1.3 billion in a single day — the second-largest inflow session on record. BlackRock's iShares Bitcoin Trust alone now holds nearly $90 billion in assets, placing it among the 20 largest ETFs in the country, according to Bloomberg Intelligence. Altogether, U.S.-listed spot Bitcoin ETFs now manage more than $153 billion — a figure that stood at zero just 18 months ago. That demand is tightening supply and reinforcing bitcoin's status as a mainstream macro asset. Financial advisors, sovereign wealth funds, and corporate treasuries are allocating at a record pace. Holdings by public companies rose 23% last quarter to $91 billion, according to Bitwise. Firms like GameStop and Trump Media are following the Michael Saylor playbook and treating bitcoin as a strategic reserve, with President Donald Trump's company planning to buy $2.5 billion worth of bitcoin. Meanwhile, a wave of reverse mergers — backed by SoftBank, Cantor Fitzgerald, and others — is turning dormant companies into bitcoin holding vehicles. New entrants like ProCap, which just raised more than $750 million and plans to hold up to $1 billion in bitcoin, are rushing to go public through SPACs, adding fuel to what some are already calling a bitcoin treasury bubble. The technical setup has added to the momentum. June options expiry flushed out selling pressure and triggered a short squeeze, as traders who bet against bitcoin near the $110,000 to $120,000 range were forced to cover. Bitcoin's futures open interest hit a record above $88 billion, a sign of growing conviction from institutions. Ethereum open interest has also been hovering near all-time highs. Bitcoin has also reestablished its correlation with the Nasdaq. After temporarily decoupling during the ETF-driven surge, it's now back in sync with tech stocks. The Nasdaq closed at a record high Monday, helping lift sentiment across risk assets — including ether, solana, and XRP. And now, long-awaited policy clarity may finally be on the way in Washington. In May, the Department of Labor cleared the path for 401(k) plans to offer access to Bitcoin ETFs, opening the door to retirement savings allocations and deepening the institutional base. This week, the House is taking up a trio of landmark crypto bills, in what Republican lawmakers are calling "Crypto Week." The legislation includes a framework to divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, new rules for stablecoins, and a bill to block the creation of a central bank digital currency. While none of the proposals directly target bitcoin, the broader message is clear: Washington is finally beginning to draw the contours of a regulatory regime, and traditional finance is already positioning around it. Until now, asset managers, banks, and trading platforms have largely stayed on the sidelines, deterred by a wave of SEC enforcement actions and the legal uncertainty over what counts as a security versus a commodity. The Clarity Act would settle that debate. It would give the CFTC jurisdiction over digital commodities like bitcoin — and potentially ether — while narrowing the SEC's domain. It's exactly the kind of legal bright line compliance officers have been pleading for. The bill also aims to clear a path for broker-dealers to handle crypto lawfully. Down the road, it could open the door for institutional decentralized finance by allowing traditional firms to experiment with on-chain finance without immediately triggering exchange or clearinghouse registration requirements.
Yahoo
7 days ago
- Business
- Yahoo
Chart of the Week: 'Hyperbitcoinization' May Not Be Just Maximalist Fantasy Anymore
"Hyperbitcoinization" — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin's parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it's long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based economy collapses. While we aren't there yet, the recent events might suggest something is brewing. Bitcoin is trading at record highs above $119,000. The market cap of bitcoin is near that of the tech giants. The U.S. dollar is continuing its slow bleed in real purchasing power. Major institutions are allocating capital to BTC with the same risk-adjusted lens they apply to traditional assets. If hyperbitcoinization once sounded like ideological fiction, it's now likely approaching early-stage reality. "In prior BTC bull markets, the hyperbitcoinization thesis would have been limited to crypto enthusiasts. More recently, hyperbitcoinization-adjacent conversations have become much more palatable for the broader public," FRNT Capital said in an emailed note. Just a few years ago, no one thought the likes of BlackRock would be creating an exchange-traded fund for the masses to buy billions in bitcoin. Today, the iShares Bitcoin Trust (IBIT) is a juggernaut with 706,008 bitcoin under its belt, worth $82 billion, according to data. Large companies are raising funds to buy bitcoin for their balance sheets. Political leaders, including a pro-crypto U.S. president, are floating the idea of national bitcoin reserves (whether that will come to fruition is still up for debate). Even a U.S. housing regulator is considering whether crypto holdings could be considered for mortgage applications — a potential signal that digital assets are becoming part of core financial infrastructure, or at least that those currently in power would like to see that happen. And of course, Wall Street has already claimed bitcoin with "Tradification" of the digital assets. The chart below makes an interesting observation about a potential "hyperbitcoinization" that may already be well underway. From 2014 till at least 2020, bitcoin has been held by mostly individuals. But fast forward to today, a massive number of companies, funds and even governments, as opposed to individual crypto enthusiasts, are holders of bitcoin while prices continue to rally to new highs. This shift in wallet distribution suggests that hyperbitcoinization, while not fully realized, is progressing from an ideological thesis to a potential observable market behavior. In a market that is increasingly driven by narrative momentum and liquidity rotation, hyperbitcoinization may not just be a theme — it might become the trade. "Conceivably, as the hyperbitcoinization thesis is validated in practice and gains further mainstream attention, more BTC investors will be motivated to HODL. This does not apply just to individuals, but to institutions and nations alike," said FRNT. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Spot Bitcoin ETFs See $1B of Inflows as IBIT Becomes Fastest Fund to Hit $80B in Assets
The spot bitcoin exchange-traded funds (ETFs) raked in over $1 billion in inflows on Thursday, marking one of their strongest single-day totals since launch. The surge came as bitcoin broke a new all-time high above $118,000. Leading the pack was BlackRock's iShares Bitcoin Trust (IBIT), which crossed $80 billion in assets under management (AUM), making it the fastest ETF in history to hit that milestone. It took IBIT just 374 days — roughly a fifth of the time it took the previous record-holder, the Vanguard S&P 500 ETF (VOO), which reached the same mark in 1,814 days, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas. IBIT now ranks as the 21st largest ETF globally by assets, a remarkable feat for a fund that launched just over a year ago amid the broader approval of spot bitcoin ETFs in the U.S. Thursday's $1 billion inflow marks only the fourth time spot bitcoin ETFs have posted daily amounts that large. The last time was in January as U.S. President Donald Trump took office. Before that, it happened twice in November 2024, shortly after the U.S. election. The surge in interest reflects growing investor appetite for direct bitcoin exposure in traditional brokerage accounts. Spot bitcoin ETFs offer an easier on-ramp for institutional and retail investors alike, who may be wary of custody and compliance issues in the crypto space. President Trump's Media company has recently filed for another spot bitcoin ETF under the Truth Social brand that has yet to receive approval from the Securities and Exchange Commission. A number of other ETFs tracking the price of Solana (SOL), XRP (XRP) and others have also yet to get the green light from the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
