Latest news with #iSharesBitcoinTrustETF
Yahoo
21 hours ago
- Business
- Yahoo
ETF Sales: A Tale of Bitcoin and the S&P 500
Looking at ETF sales at two asset management giants, you'd think they're from different worlds. Flows at BlackRock were all about Bitcoin during the second quarter, while sales at Vanguard reflected demand for US equity. BlackRock's iShares Bitcoin Trust ETF (IBIT) has become the fastest-growing exchange-traded fund ever, raking in $12.3 billion in that time, currently representing more than $87 billion in total assets, a report this week from Morningstar shows. Meanwhile, Vanguard's S&P 500 ETF (VOO) brought in $25 billion. While investors seemed to pull back from large cap US equity in iShares' line, the opposite was the case for Vanguard. That has a lot to do with the types of clients the firms attract, said Morningstar's Daniel Sotiroff, one of the authors of the paper. 'People are buying VOO because it's a forever fund,' he said. READ ALSO: Crypto ETFs Get Major Relief From SEC and Why Goldman Sachs Jumped Back into Lead Market Making Different Strokes Assets in the ETF, Vanguard's largest, are now over $714 billion, while the broader strategy, which includes mutual fund share classes, sits at more than $1.5 trillion. Investors buy that fund for different reasons than the SPDR S&P 500 ETF Trust (SPY) or the iShares Core S&P 500 ETF (IVV), Sotiroff said. Flows in and out of SPY seem to correlate more with performance, while those for IVV seem to be somewhere between SPY and VOO, he said. In IVV's case, about $15 billion evaporated from the fund in Q2, at least a small part of which appears to be due to BlackRock's model portfolios shifting allocations, as about $4 billion flowed into the US iShares Thematic Rotation Active ETF (THRO), the report noted. Additionally, 'since IVV is so large and so liquid, I have to imagine there are people out there using it for other tactical reasons,' Sotiroff said. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation One advisor said that recent ETF decisions have been all about taxes. 'We've maintained ETF positions largely in dividend-paying strategies and funds with high turnover, where using ETFs helps us avoid large capital gain distributions,' said Sean Beznicki, director of investments at VLP. 'This structure has been particularly useful in managing tax exposure while maintaining desired allocations.' While some of the flows at Vanguard and BlackRock show performance chasing, none of the top-selling ETFs at those firms were among the best performers during Q2. A separate Morningstar report found the best returns at two ARK ETFs and others: The ARK Innovation ETF (ARKK) returned nearly 48% during Q2, while the ARK Space Exploration & Innovation ETF (ARKX) returned 36%. The TCW Transform Systems ETF returned over 29%, and the Franklin Focused Growth ETF returned nearly 26%. I Bet on IBIT: While it's hardly a clear-cut case of Bitcoin vs. the S&P 500 in ETF land, there are some unusual things happening, Sotiroff said. Investors have tended to buy IBIT while Bitcoin is on a hot streak, but they aren't really selling when it's down. 'It's like people buy in and hold,' he said. 'It's very odd. I've never seen a pattern like that before.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. 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
23-07-2025
- Business
- Time of India
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
Michael Saylor's Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company 's latest purchase of the original cryptocurrency . The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Product Management Finance CXO Operations Management MCA Others Healthcare MBA others Management Technology Cybersecurity Data Science Digital Marketing Data Science Project Management Artificial Intelligence Public Policy Design Thinking Data Analytics Leadership PGDM Degree Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 15.58% Buy DeFi Tracker 11.00% Buy Crypto Blue Chip - 5 7.78% Buy AI Tracker 6.81% Buy Web3 Tracker 3.48% Buy TOP COINS (₹) BNB 68,682 ( 3.52% ) Buy Bitcoin 10,319,321 ( 1.58% ) Buy Tether 86 ( 0.11% ) Buy XRP 304 ( -0.87% ) Buy Ethereum 322,583 ( -1.33% ) Buy While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Strategy said separately Monday that it planned to offer 5 million of variable-rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. Live Events The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%.
Business Times
21-07-2025
- Business
- Business Times
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
[NEW YORK] Michael Saylor's Strategy now owns more than 3 per cent of all the Bitcoin ever minted following the crypto treasury company's latest purchase of the original cryptocurrency. The former MicroStrategy acquired 6,220 Bitcoin for US$739.8 million during the seven days ended Jul 20, according to a filing on Monday (Jul 21) with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin, which is about 3.05 per cent of the roughly 19.9 million token issued. The stack is worth about US$72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about US$86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token, such as quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Strategy said separately on Monday that it planned to offer five million of variable rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. The common shares of Strategy has surged more than 3,500 per cent since Saylor, a founder and executive chairman of the company, began buying Bitcoin. The cryptocurrency has risen about 1,100 per cent during the same period, while S&P 500 has increased around 120 per cent. BLOOMBERG
The Star
18-07-2025
- Business
- The Star
Ether-linked stocks jump as crypto coin hits 6-month high
FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high. Shares of BitMine Immersion Technologies, which holds about $1 billion worth of ether, soared 14%. Other ether holding firms Bit Digital and BTCS added 4% and 12.5%, respectively. Ether climbed to $3,675.81, its highest since January 6, and was last up 5% at $3,601.40, outperforming bitcoin, which eased 0.7% to $118,961 after hitting a record high of $123,153 this week. BitMine, where tech billionaire Peter Thiel is the top investor and Fundstrat's Tom Lee serves as chairman of the board, said on Thursday it had accumulated 300,657 ether in just three weeks and aims to acquire about 5% of over ether supply which currently stands at 120.71 million. A number of other companies recently decided to add ether to their balance sheets, following the example of Strategy, the largest corporate holder of bitcoin. Strategy's bitcoin stockpile was acquired at a sharp discount over the years to current price. SharpLink, which has funded its ether treasury through stock sale over the past seven weeks, said it had raised its current $1 billion share sale plan by an additional $5 billion. Its shares rose 5.6%. Ether benefits from increased usage of U.S.-dollar-pegged tokens known as stablecoins. Most stablecoins are issued and transacted on the underlying blockchain Ethereum, driving up demand for ether to pay transaction fees. "The standout proposition of institutional Ethereum accumulation seems to be stablecoin growth which has been further accelerated by the recent success of Circle IPO," said Matthew Dibb, CIO at Astronaut Capital, a Singapore-based crypto asset manager. "Ethereum is by far the biggest beneficiary of stablecoin usage." The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for stablecoins, a watershed moment for the digital asset industry. "Time will tell whether these treasury companies outperform the core ETH ETF, but given the success of (Strategy) in recent years, it won't stop them from trying." BlackRock's iShares Bitcoin Trust ETF has gained 10% so far this month, while the ether equivalent ETF has added nearly 36% in the same period. Among other crypto stocks, stablecoin issuer Circle Internet gained 2.7%, while crypto exchange Coinbase Global added 2% on Friday. (Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)
CNBC
18-07-2025
- Business
- CNBC
Bitcoin is expected to rally further. Here's how the pros are investing
Bitcoin had an eventful week. The cryptocurrency surged past the $120,000 threshold for the very first time on Monday as crypto investors anticipated U.S. legislation that could could boost institutional demand. Bitcoin rose over 3% to a record high of $123,153.22 on Monday , but has since lost some steam. It was seen up 1.08% at $119,833.56 at 3:45 a.m. ET on Friday, according to CoinMarketCap . The pullback in prices came after cryptocurrency-related bills were blocked in the U.S. House of Representatives on Tuesday, with 13 Republicans voting with Democrats to block the motion in a 196-223 vote. Bitcoin prices started picking up again late Wednesday after some " no" votes flipped to yesses , and the chamber approved the rules of debate for three crypto bills. Those include a bill to regulate stablecoins , a crypto market structure bill, and a bill prohibiting the U.S. Federal Reserve from issuing its own digital currency. Market watchers CNBC Pro spoke to remain bullish on bitcoin and see potential for the cryptocurrency to climb even further in the rest of the year. "The most notable thing to me is that bitcoin has been closing at over $100,000 for the last two months. I think it is a very clear sign of both retail and institutional interest in this asset," said Gerry O'Shea, head of global market insights at crypto index fund Hashdex. "Bitcoin's sustained strong performance has seen investors looking beyond questions like its volatility to really start asking questions about what's going on with this asset," he added. Bitcoin has surged over 28% since the start of the year, according to data from CoinMarketCap. Gold — a classic safe-haven asset — has risen around 27%, while the broad-based S & P 500 index has added just 7.07% in the same time. Bitcoin-focused ETFs have also gained a lot of interest this year. For instance, the net asset value of BlackRock's iShares Bitcoin Trust ETF has returned 27.69% this year as of July 14 , significantly higher than the 7.31% generated by the investment management firm's iShares Core S & P 500 ETF . "Bitcoin is maturing as an asset. It is now the world's seventh largest asset and second largest commodity behind gold, making it too large to ignore," said Matt Kaufman, senior vice president and head of ETFs at Calamos Investments, citing data from CoinMarketCap. Given its "low correlation with traditional assets," bitcoin acts as a "diversification mechanism," he added. Higher prices O'Shea expects bitcoin prices to hit $140,000 by the end of the year. That represents a nearly 17% surge from current prices. His optimism is fueled by the conversations around regulatory approvals for bitcoin. And bitcoin's role as a store of value has also grown this year following a weakening U.S. dollar as well as the U.S.' high fiscal debt, which remains in the trillions , O'Shea noted. He added that speculation over Jerome Powell's position as chairman of the Federal Reserve — in light of U.S. President Donald Trump's threats to fire him and subsequent denials — has also been "really good" in boosting investments in risk assets such as bitcoin. Looking at these factors collectively makes his $140,000 estimate a "pretty reasonable call," O'Shea said. That, however, is still lower than calls by others who expect it to hit $160,000 or even $210,000 in the next few months . How to invest While bitcoin's blistering rally has piqued investor interest, concerns about the volatility of the digital asset and whether it is headed for a bubble still persist. Calamos' Kaufman notes that the volatility in bitcoin has historically been three to five times that of the S & P 500 index. He estimates that the cryptocurrency's volatility can be as high as 60% a year, remarkably higher than the 13% to 14% for gold. As for returns, bitcoin can fluctuate between gains or losses of around 40%, while that of the S & P 500 benchmark typically hover around 10% to 12%, Kaufman noted. "With high risk comes high reward - that is no different for bitcoin. That's why investors want to be a part of the asset class, but don't necessarily want to be part of the risks," Kaufman added. He suggests investing in bitcoin through ETFs, which offer "protected or risk-managed versions" of an asset that is regulated by an exchange board. Hashdex's O'Shea, likewise, said ETFs are a more stable way of getting exposure to bitcoins than having self-custody of the asset. Both Calamos and Hashdex offer bitcoin-focused ETFs, such as Calamos Bitcoin Structured Alt Protection ETF, Calamos Bitcoin 90 Series Structured Alt Protection ETF, Calamos Bitcoin 80 Series Structured Alt Protection ETF and Hashdex Nasdaq ETF. Calamos' Calamos Bitcoin Structured Alt Protection ETF — which looks to capture upside returns of bitcoin, while protecting against all losses — has returned 1.16% since the start of the year till July 17. Meanwhile, Hasdex's ETF has returned 26.96% so far this year, compared with 27.63% returns of the Nasdaq bitcoin reference price. O'Shea suggested that investors allocate around 1% to 3% of their portfolio to bitcoin for now, with a view to increasing it to around 10% in the next few years.
