
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) |
---|---|---|---|
Bitcoin (BTC) | -0.12 | $117,299.53 | $15.9B |
Ethereum (ETH) | -1.43 | $2,927.00 | $10.9B |
XRP (XRP) | -2.64 | $2.714045 | $8.4B |
SafeMoon (SAFEMOON) | -0.04 | $0.000002 | $4.6B |
Solana (SOL) | -2.61 | $159.024582 | $3.2B |
USD Coin (USDC) | 0 | $0.999900 | $2.2B |
Stellar (XLM) | 4.14 | $0.38680 | $2.0B |
Dogecoin (DOGE) | -5.17 | $0.194533 | $1.9B |
Cardano (ADA) | -3.99 | $0.700334 | $1.1B |
Kyber Network (KNC) | 78.77 | $0.574963 | $1.0B |