
While some financial advisors aren’t ready to allocate customer money to bitcoin ETFs yet, there’s been an uptick in interest for “bitcoin adjacent” ETFs
It’s been a little over a month since the bitcoin ETFs received regulatory approval to launch in the US.
It was a rocky start at first, with outflows from Grayscale’s spot bitcoin ETF — which was converted from a bitcoin trust — outpacing inflows. To add to that, former exchange FTX also unloaded shares of the ETF.
However, last week’s inflows came in at $1.1 billion, which is much higher than the $415 million of outflows from GBTC.
“US-based spot Bitcoin ETF net flows are consistently positive, while sell pressure from Grayscale Bitcoin Trust outflows is abating,” Thomas Perfumo, Kraken’s head of strategy, told Blockworks.
Valkyrie co-founder Steven McClurg sat down with Blockworks to talk about their bitcoin ETF, which launched alongside BlackRock, Fidelity and a handful of others back in January.
McClurg also touched on why the firm opted to add BitGo as a second custodian for BRRR.
Source: blockworks.co
Coin | Change(%) | Price | Volume (24h) |
---|---|---|---|
Ethereum Meta (ETHM) | 1.83 | $0.000841 | $5745.8B |
Bitcoin (BTC) | 1.78 | $84,043.96 | $16.6B |
Ethereum (ETH) | 2.10 | $1,926.53 | $6.9B |
XRP (XRP) | 1.92 | $2.338322 | $2.7B |
Solana (SOL) | 1.56 | $128.065380 | $1.9B |
USD Coin (USDC) | -0.01 | $0.999804 | $1.6B |
Binance Coin (BNB) | 4.96 | $632.10 | $1.1B |
Dogecoin (DOGE) | 3.07 | $0.173366 | $802.0M |
PancakeSwap (CAKE) | 41.47 | $2.519436 | $672.1M |
Tether (USDT) | 0.01 | $1.00 | $562.3M |