Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
This story deserves to be shared
Send it to someone who'd care, or post it on your networks.
SummaryU. S. spot bitcoin ETFs added $526.6 million on Monday, led entirely by BlackRock’s IBIT net inflow of $665.2 million. Fidelity's FBTC and Grayscale's GBTC saw outflows of $83.6 million and $54.9 million, respectively. Ether funds dropped $103.3 million, marking a fourth consecutive session of outflows. U. S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock’s iShares Bitcoin Trust (IBIT). IBIT pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Combined, the bitcoin funds last drew more on Sept. 22, when they added $714.7 million. Fidelity’s FBTC lost $83.6 million, while Grayscale’s GBTC shed $54.9 million in Monday’s trading session, while the remaining funds recorded no net flows, underscoring how concentrated buying was. The inflow more than erased last week’s $228.5 million of withdrawals, though the funds remain about $90.5 million in the red for October, according to CoinDesk calculations using SoSoValue’s figures.
This article is an excerpt. To read the full content, visit the original source. CoinDesk
Related articles
Inflation on many everyday items was entirely due to tariffs, NY Fed says
LivestreamWatchlistSIGN INCreate free account
The Costs of Job-Hopping: Why Staying Put Pays Off
While frequently changing jobs can offer pay bumps and what feels like a fresh start, building roots at one company can lead to greater career advancement.
South Korean IPO plunge deepens AI market jitters as brent tops $111
SummarySouth Korean data centre Elice closed a third below its IPO price despite retail demand exceeding 400 times the allocation, as the KOSPI fell almost 4%. CoreWeave slipped another 3% in pre-market trading. Brent crude topped $111 a barrel amid persistent Middle Eastern concerns. South Korean data centre company Elice’s (0158S0) stock market debut added to nervousness surrounding artificial intelligence investments on Tuesday, as investors further questioned whether spending on infrastructure will deliver sufficient returns. The Seoul-based neocloud provider closed at 60,500 won ($45.57), down over 30% from its 90,500 won offer price. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The slump followed a retail offering oversubscribed more than 400 times. The weak debut accompanied another sell-off in South Korean equities. The KOSPI dropped almost 4% to finish at 5,552, with Samsung Electronics falling around 3% and SK Hynix losing roughly 4%. Pressure has extended into U. S. pre-market trading, where CoreWeave (CRWV) fell another 3%.
South Korean IPO flop is the latest in a string of disappointments for the global AI trade
October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank. Investors are not convinced of…
My unmarried partner of 17 years left me his $1.1 million home. His three children are livid. Should I share my inheritance?
“I never paid rent, although I put about $45,000 toward a new kitchen and a roof.”
0 comments
No comments yet. Be the first to share your thoughts!