
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) | 2.10 | $118,177.71 | $23.3B |
Ethereum (ETH) | 2.79 | $3,736.60 | $22.8B |
Solana (SOL) | 5.13 | $187.391751 | $9.9B |
XRP (XRP) | 2.18 | $3.191641 | $7.2B |
Dogecoin (DOGE) | 3.42 | $0.238736 | $4.9B |
USD Coin (USDC) | -0.01 | $0.999858 | $3.0B |
Cardano (ADA) | 3.32 | $0.831743 | $1.8B |
Binance Coin (BNB) | 1.55 | $781.18 | $1.5B |
TRON | 1.52 | $0.319603 | $1.0B |
Litecoin (LTC) | 2.03 | $113.73 | $895.9M |