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Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

Bitwise CEO Hunter Horsley has explained why he believes recently launched spot Ethereum exchange-traded funds (ETFs) have seen significantly lower trading volumes and inflows compared to their Bitcoin counterparts. In an Oct. 21 post on X, Horsley acknowledged that Ethereum ETFs have underperformed but pointed out that the funds from his firm, BlackRock and Fidelity, […]
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Cryptocurrency

US election hopes spark three-month high inflow of over $2 billion in crypto investments

Global digital asset investment products saw their inflows hit a three-month high of $2.2 billion last week — the largest weekly inflow since July— amid optimism surrounding the upcoming US elections, according to CoinShares’ latest weekly report. James Butterfill, Head of Research at CoinShares, attributed the surge to expectations from betting markets that the Republican […]
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Cryptocurrency

BlackRock’s Bitcoin fund IBIT hits top 3 US ETFs by inflow for 2024

iShares Bitcoin Trust ETF (IBIT) recorded over $1.1 billion in new cash inflows last week, marking its strongest performance since March 2024. Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, shared the data, highlighting IBIT’s rapid ascent in the ETF landscape. IBIT surpassed Vanguard’s Total Stock Market ETF (VTI) to secure the third spot in […]
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Cryptocurrency