Record Inflows into Bitcoin ETFs Amid Market Downturn in Over a Month

Record Inflows into Bitcoin ETFs Amid Market Downturn in Over a Month

Play To Earn Games | 09 Jul 2024 14:06 UTC

Bitcoin ETFs Attract $295 Million in a Day

In a remarkable turn of events within the dwindling crypto market, U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw a significant surge in inflows, totaling $295 million in a single day. This marks the most substantial single-day net inflow in over a month, showcasing a renewed investor interest in cryptocurrencies despite prevailing market uncertainties. BlackRock's iShares Bitcoin Trust led the pack with an astonishing $187.2 million in inflows, followed by the Fidelity’s Wise Origin Bitcoin Fund with $61.5 million, and even the Grayscale Bitcoin Trust saw a rare uptick, adding $25.1 million to its coffers.

BlackRock’s Tokenized Fund Hits Major Milestone

Amid these inflows, a notable achievement came from BlackRock's innovative endeavor in the digital finance space. The BlackRock USD Institutional Digital Liquidity Fund, a tokenized treasury fund, has exceeded a $500 million market cap, thereby establishing itself as a frontrunner in the tokenized treasury space. This milestone was reached less than four months after its debut, underpinning the growing acceptance and enthusiasm for blockchain-based financial products. This fund has not only surpassed the Franklin OnChain U.S. Government Money Fund to become the world's largest tokenized treasury fund but has also attracted significant holdings by real-world asset tokenization firm Ondo Finance, boosting the latter's OUSG token.

DigitalX to Launch Second Bitcoin ETF on ASX

Further expanding the global crypto ETF landscape, DigitalX, a blockchain-focused asset manager, has received the green light to introduce a spot Bitcoin ETF on the Australian Securities Exchange (ASX). This milestone marks the second Bitcoin ETF to grace the ASX, set to make its debut, providing investors with a regulated and liquid avenue to gain direct exposure to Bitcoin. This development signifies a "watershed moment" for both DigitalX and the broader digital assets market in Australia, indicating the maturing of cryptocurrency as a recognized asset class on a global scale.

VanEck and 21Shares Amend Filings for Spot Ether ETFs

Moving over to Ethereum, VanEck and 21Shares are advancing their efforts to launch spot Ether ETFs in the United States. Amending their S-1 filings with the SEC, both firms are now in the final stages of securing approval for their respective ETFs that aim to provide direct exposure to Ethereum. This step represents the culmination of increasing efforts to diversify cryptocurrency investment products available to investors, following the SEC’s earlier green light for spot Bitcoin ETFs. Highlighting the regulatory momentum, this development is keenly watched by market participants who anticipate a broader acceptance of digital assets in mainstream investment portfolios.

The initiative by these entities underscores a growing recognition of the potential that Ethereum and other digital assets hold for the future of finance. As regulatory perspectives continue to evolve, the launch of these Ether ETFs could mark a significant milestone in the integration of cryptocurrencies within regulated investment frameworks, offering investors both security and diversity in their investment choices.

In conclusion, the cryptocurrency investment landscape is witnessing rapid expansions and milestones that highlight not only the growing investor interest but also the advances in regulatory acceptance around the globe. From the swelling inflows into Bitcoin ETFs to the pioneering achievements of tokenized funds, and the promising prospects of Ether ETFs, the crypto market is evolving into a mature and diverse ecosystem. These developments hint at a future where digital assets are a standard fixture in investment portfolios, offering both novel opportunities and new challenges to investors and regulators alike.

Möchten Sie über Play-to-Earn Spiele auf dem Laufenden bleiben?

Melden Sie sich jetzt für unseren wöchentlichen Newsletter an.

alles sehen
Torque Drift 2 (TD2) Unveils Major Update 10 with Exciting Features

Torque Drift 2 (TD2) Unveils Major Update 10 with Exciting Features

Revving Up the Drift Racing Experience: Torque Drift 2’s Exciting New Update Just when you thought the adrenaline rush couldn't get any more intense, Torque Drift 2 (TD2) by Grease Monkey Games shifts the excitement into high gear with its latest update, Update 10 This fresh infusion to the drift racing simulator is packed with enhancements designed to elevate your pulse-pounding drift racing experience to new heights New Tracks and Cars to Fuel Your Passion Among the noteworthy additions in this update is the introduction of the Daikoku track, a legendary course that resonates with drift racing aficionados for its deep roots in street drifting and car culture in Japan This iconic track promises to deliver an unparalleled racing experience, capturing the thrill of high-speed drift battles amidst a backdrop rich in motorsport heritage But the excitement doesn’t stop at new tracks...

Weiterlesen
Predicting Dogecoin's Rise to $10 for Crypto Gamers

Predicting Dogecoin's Rise to $10 for Crypto Gamers

Dogecoin's Journey Towards an Ambitious Goal: Understanding the Path to $10 Within the dynamic landscape of cryptocurrency, Dogecoin has emerged as a unique entity Initially launched as a joke, this digital currency has traversed a remarkable journey, capturing hearts and stirring debates among investors and enthusiasts alike However, the recent times have been tough for Dogecoin as it grapples with a stagnant phase, struggling to break past the $0 2 barrier This stagnation has resulted in dwindling interest from investors who are in pursuit of lucrative opportunities...

Weiterlesen
Soulbound Wins Top Award in 2024 App Pitch Contest

Soulbound Wins Top Award in 2024 App Pitch Contest

The Triumph of Innovation: Soulbound's Grand Victory Innovation and creativity have once again found recognition in the digital sphere This time, it's the gaming world that's abuzz with excitement over a remarkable achievement Soulbound, an emerging gaming app, has clinched the Grand Prize at the Discord App Pitch 2024 This doesn't just mark a win; it symbolizes a profound appreciation of novel ideas that push the boundaries of gaming and community engagement But what does this victory truly signify for Soulbound, and what can the gaming community expect next from this promising endeavor...

Weiterlesen

Play To Earn Spiele: Beste Blockchain-Spiele Liste für NFTs und Krypto

Play-to-Earn Spiele Liste
Keine VerpflichtungenKostenlos nutzbar