Latest news with #iSharesBitcoinTrust
Yahoo
20 hours ago
- Business
- Yahoo
Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan
U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM). The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock's iShares Bitcoin Trust (IBIT) attracting a net inflow. IBIT gathered in a net $125 million, the bank observed. In contrast, Fidelity's FBTC saw net outflows of $166 million, leading the redemptions, the report said. Other major contributors included the Grayscale Bitcoin Trust (GBTC) -$107 million, ARK 21Shares Bitcoin ETF (ARKB) -$89 million and the Bitwise Bitcoin ETF (BITB) -$71 million, the bank said JPMorgan said smaller outflows were also noted across the remaining issuers. The bitcoin price slipped 1.1% on the day, but market activity remained robust with trading volumes of $5.39 billion, well above the 20-day average of $2.81 billion, the report added. The world's largest cryptocurrency was trading around $105,656 at publication time.
Yahoo
a day ago
- Business
- Yahoo
Crypto ETFs Lead April Inflows With $3.7B Asset Surge
Crypto exchange-traded funds attracted $3.7 billion in net inflows during April, marking the strongest monthly performance for the category this year, according to ETFGI data released Friday. The robust crypto ETF flows, combined with the $923.7 million that flowed into thematic ETFs, underscore investors' continued appetite for emerging technologies and digital assets amid broader market volatility, according to ETFGI data. The iShares Bitcoin Trust (IBIT) led crypto ETF inflows with $2.7 billion added during April, according to the ETFGI report. This fund's dominance reflects institutional and retail investor confidence in Bitcoin exposure. Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced outflows of $87.3 million year to date, despite gathering $155.6 million in April, the report noted. These mixed results highlight the competitive landscape among Bitcoin-focused products. Global assets invested in crypto ETFs reached $146.3 billion at the end of April, marking the fourth-highest level on record, ETFGI data show. This total remains below the all-time high of $170.9 billion recorded in January 2025. During April, the crypto ETF universe expanded to 304 products with 756 listings globally from 65 providers across 26 exchanges in 20 countries, according to the report. A total of 23 new digital assets ETPs launched during the month alone. Year-to-date net inflows of $6 billion rank as the second-highest on record for crypto ETFs, trailing only 2024's $42.3 billion, the research firm noted. Historical data show 2021's total of $2.7 billion ranks third. Thematic ETFs maintained their growth trajectory with a fifth consecutive month of net inflows, gathering $923.7 million in April, according to ETFGI. Year-to-date inflows of $10.8 billion rank as the fourth-highest on record for this category. Among thematic products, the iShares Global Infrastructure ETF (IGF) attracted $126.2 million in April inflows, bringing its year-to-date total to just over $1 billion, according to the data. The Global X Cybersecurity ETF (BUG) gathered $104.3 million during the same period. Assets invested in thematic ETFs reached $317.4 billion at the end of April, below the record high of $329.8 billion set in January 2025, ETFGI reported. This category now includes 1,582 products with 3,049 listings from 276 providers across 53 exchanges in 41 | © Copyright 2025 All rights reserved 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
Bloomberg
a day ago
- Business
- Bloomberg
BlackRock's Bitcoin ETF Draws Record Inflows During May's Rally
BlackRock Inc. 's iShares Bitcoin Trust posted its largest-ever monthly inflow in May, as the original cryptocurrency climbed to a record while being touted by more proponents as an alternative store of value. The fund has attracted more than $6.35 billion in net inflows during the month, according data compiled by Bloomberg — the most since its debut in January 2024. The surge lifted total assets under management to over $71 billion, underscoring growing institutional appetite for Bitcoin amid global market turbulence.
Yahoo
a day ago
- Business
- Yahoo
BlackRock's Bitcoin ETF Reaches Record Low Volatility, Draws Billions in Flows
BlackRock's iShares Bitcoin Trust exchange-traded fund (IBIT) is experiencing record-low volatility, according to Senior Bloomberg ETF analyst Eric Balchunas, which is attracting more interest from larger investors looking for a "digital gold" rather than speculative tech-like behavior. The 90-day rolling volatility of 47.64 is the lowest since the ETF was introduced in January 2024, Balchunas posted on X, a degree of stability that can be self-reinforcing. As volatility drops, larger and more risk-averse investors tend to enter, which in turn further suppresses volatility. "The thing with volatility is it can become self-fulfilling," Balchunas said in his post. "The lower the volatility gets, the more bigger investors will bite who will help lower volatility even more. The same 'should' happen with correlation too. This is a direct result of the 'suitcoiners.'' The trend is already underway, Balchunas said, citing IBIT's outsized inflows in recent weeks. Since its debut, IBIT has pulled in $49 billion in net inflows, more than four times the amount invested into the second-ranked Fidelity Wise Origin Bitcoin Fund (FBTC), which has attracted less than $12 billion, data from Farside Investors show. In contrast, Strategy (MSTR), the software company that has made buying bitcoin BTC a strategic priority, operates on a different appeal. MSTR attracts speculators and options traders who thrive on higher implied volatility (IV). However, even MSTR's IV has dipped recently to 60%, with historical volatility at 49%, contributing to its muted price action. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
Bitcoin vs. Gold: The Best Buy Right Now, According to a Wall Street Analyst
The U.S. Dollar Index has declined 8% year to date amid worrisome trade and fiscal policy decisions, so some investors have diversified into gold and Bitcoin. Gold has outperformed Bitcoin by 6 percentage points this year, but JPMorgan analyst Nikolaos Panigirtzoglou expects the opposite outcome in the remaining months of 2025. Bitcoin's price could continue rising this year as more companies and state governments adopt the cryptocurrency as a strategic reserve asset. 10 stocks we like better than Bitcoin › The investment theses for gold and Bitcoin (CRYPTO: BTC) are similar. Both are considered safe-haven assets, at least by some investors, because they exist in finite quantifies. That means gold and Bitcoin become more valuable as demand increases, which theoretically makes them good hedges against weakness in the U.S. dollar and other fiat currencies. Case in point: The U.S. Dollar Index has fallen 8% year to date amid concerns about the Trump administration's trade and fiscal policies. Put differently, the value of U.S. currency has decreased 8% versus a basket of foreign currencies. Meanwhile, gold and Bitcoin prices have surged 24% and 18%, respectively. Importantly, while gold outperformed in the first five months of the year, JPMorgan Chase analyst Nikolaos Panigirtzoglou expects the opposite outcome in the remaining months of 2025. Read on to learn more. Before discussing the pros and cons of gold and Bitcoin, investors should know how to get exposure to both assets. Gold bullion can be purchased through various online retailers, and Bitcoin can be purchased through cryptocurrency exchanges like Coinbase. But direct ownership comes with challenges. For instance, transporting and storing gold tends to be difficult and costly, and selling physical bullion can be complicated. Likewise, Bitcoin transactions on cryptocurrency exchanges often involve high fees, and storage solutions can be a headache. Fortunately, exchange-traded funds (ETFs) eliminate those problems. The SPDR Gold Shares (NYSEMKT: GLD) tracks the spot price of gold. It's the largest gold fund as measured by assets under management, and the most popular in terms of trading volume. It has a somewhat high expense ratio of 0.4%, meaning shareholders will pay $40 annually on every $10,000 invested in the fund. The iShares Bitcoin Trust (NASDAQ: IBIT) tracks the spot price of Bitcoin. It is the largest spot Bitcoin ETF as measured by assets under management, and the most popular in terms of trading volume. Compared to similar funds, the iShares Bitcoin Trust has a middle-of-the-road expense ratio of 0.25%. JPMorgan analysts in a recent note to clients highlighted cryptocurrency-specific catalysts that could lead to Bitcoin outperforming gold in the remaining months of the year. First, several companies have put Bitcoin on their balance sheets, and many plan to add more. The best known of the bunch is Strategy, formerly known as MicroStrategy, which plans to invest $57 billion in Bitcoin through 2027. Second, two states -- Arizona and New Hampshire -- recently enacted laws that establish strategic Bitcoin reserves, and about two dozen others have introduce similar legislation. That positions state governments as potential buyers of Bitcoin. JPMorgan analysts wrote, "As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn into a more sustained positive catalyst for Bitcoin." However, JPMorgan views gold as the more prudent option for risk-averse investors. "In our view, gold may be positioned to offer some protection against further geopolitical risk and dollar weakness," analysts wrote in their mid-year outlook. "We are skeptical that Bitcoin and other crypto assets offer the potential to improve portfolio resilience. Despite their low correlations to traditional assets, crypto assets have historically made portfolios more fragile." Here is the bottom line: Tariffs imposed by the Trump administration are expected to raise prices and slow economic growth. Also, the tax and spending bill that recently passed the House of Representatives would add an estimated $3 trillion to federal debt during the next decade. Those developments have left some investors hesitant about owning U.S. stocks and bonds. So, demand for U.S. currency has declined, causing the dollar to lose value. That trend may or may not intensify in the coming months. But investors concerned about the possibility can hedge against down stock markets and the devaluation of the U.S. dollar by owning gold or Bitcoin. Personally, I think gold is the better option for anyone that cannot tolerate volatility. But I also think Bitcoin can outperform gold (especially in the long run) as more companies and governments adopt the cryptocurrency as a reserve asset. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and JPMorgan Chase. The Motley Fool has a disclosure policy. Bitcoin vs. Gold: The Best Buy Right Now, According to a Wall Street Analyst was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
