Crypto Funds Surge: Last week, Bitcoin funds at firms like BlackRock, Bitwise, and Fidelity saw record inflows of $2.45 billion globally. Year-to-date inflows now stand at $5.2 billion, with assets under management reaching $67 billion, the highest since December 2021. US Dominance: The United States accounted for 99% of the weekly inflows, totaling $2.4 billion. This indicates a…

As BlackRock’s fund approaches $3 billion of net inflows, Grayscale’s product has bled more than $5.6 billion in assets since converting to an ETF BYBEN STRACK/ FEBRUARY 1, 2024 04:54 PM Trading volumes for BlackRock’s spot bitcoin ETF eclipsed those of Grayscale Investments’ competing product at market close Thursday, marking a first since such funds…

What is a bitcoin ETF?  A bitcoin exchange-traded fund (ETF) is a financial instrument that offers investors exposure to the bitcoin market. Specifically, a bitcoin ETF allows an investor to potentially make (or lose) money based on daily fluctuations in the price of bitcoin.  Unlike the asset itself, bitcoin ETFs trade on traditional stock markets or exchanges…