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) | 4.54 | $0.000955 | $800.1B |
| Bitcoin (BTC) | 4.48 | $95,472.08 | $29.8B |
| Ethereum (ETH) | 7.18 | $3,328.31 | $13.7B |
| USD Coin (USDC) | 0 | $0.999694 | $6.1B |
| Solana (SOL) | 4.01 | $144.706233 | $3.8B |
| XRP (XRP) | 4.94 | $2.158578 | $2.9B |
| Litecoin (LTC) | 2.94 | $78.17 | $1.7B |
| Binance Coin (BNB) | 4.57 | $946.61 | $1.5B |
| Dogecoin (DOGE) | 8.28 | $0.148162 | $1.4B |
| Dash (DASH) | 41.56 | $56.91 | $1.1B |