The cryptocurrency market is witnessing significant developments in 2024, with a particular focus on Bitcoin ETFs (Exchange-Traded Funds). Bitcoin's price has been fluctuating around the $52,000 mark, showing resilience despite a dip on Valentine's Day. The market's bullish sentiment is supported by the launch of new Bitcoin ETFs, which have collectively secured 264,232 BTC worth $13.5 billion in just five weeks. BlackRock's IBIT leads this surge, having acquired 264,232 BTC. This influx of investment into Bitcoin ETFs is seen as a positive sign for the cryptocurrency's future, with BlackRock's spot Bitcoin ETF alone amassing $5.2 billion year-to-date (YTD), representing 50% of BlackRock's total net flows across its 417 ETFs. Additionally, the ETFs have seen higher net flows than any other ETF category last week, with $3 billion flowing into Bitcoin ETFs in recent days. The market is also anticipating the approval of an Ethereum spot ETF by the end of March 2024, further indicating the growing interest and confidence in cryptocurrency-based investment products.
This chart here really puts in perspective just how huge the last week was for BTC ETF inflows. Last week alone had $2.6bn of net inflows, more than 1.2x the prior five weeks combined. ht @hildobby_ https://t.co/RTHOSI1h8z
This chart here really puts in perspective just how huge the last week was for BTC inflows. Last week alone had $2.6bn of net inflows, more than 1.2x the prior five weeks combined. ht @hildobby_ https://t.co/6xlVuflw9a
Crypto funds hit $2.5 billion weekly inflow record amid growing spot Bitcoin ETF interest https://t.co/nvY6XAia1L
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Bitcoin spot ETF inflows increase amid net outflows for gold-backed funds, analyst says https://t.co/NiwTnpRVYp
ETFs are absorbing all the new issued #Bitcoin Bears will get rekt https://t.co/9HKs0NKcOw
we had $2.45bn flow into Bitcoin ETFs last week Bitcoin holdings on Coinbase at the lowest level since 2015 boy oh boy
Digital asset investment products saw record weekly inflows, totalling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion. The United States dominated with 99% of the inflows, indicating an increasing interest in bitcoin spot-based ETFs.…
BREAKING: "DIGITAL ASSET INVESTMENT PRODUCTS SAW RECORD WEEKLY INFLOWS, TOTALLING US$2.45 BILLION" - PER @CoinSharesCo https://t.co/QtDiD9oCne
Largest weekly inflows into Bitcoin ETFs on record at US$2.45bn https://t.co/J0urqRyaWX
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NEW: Total outflows from $GBTC since its convertion to a spot #Bitcoin ETF reached 💵 $7B on Feb. 16, according to Bianco Research and Farside 👀 https://t.co/j9w2OHybvo
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👀 Bianco Research and @FarsideUK data reveals @Grayscale Bitcoin Trust saw $7 billion outflow post-spot ETF conversion, yet retains $23 billion AUM. 📊 https://t.co/f7OKbstwpz
Bitcoin futures open interest reaches highest level since November 2021 https://t.co/NW3sq1UnVm
Biggest weekly net flow to Bitcoin so far! Read more in our (FREE) Crypto Crisp Out every Monday with the information you need on the Crypto markets -> https://t.co/I8uX7aidBk https://t.co/rw0qFIHR0w
Cathie Wood's ARK Invest has offloaded more than $97 million in Coinbase (COIN) shares in February alone, according to trading history https://t.co/FRp4CHhsMf
Over 18,000 #Bitcoin (Almost $1B outflow) withdrawn from @Coinbase. This would be one of the biggest outflows recorded. @akibablade and I discussed potential possibilities: Balances in the new wallets range from $45 million to $171 million, with all UTXOs from the original… https://t.co/K7ElVLDXPY https://t.co/Lm81Dff1Ln
Let's assume that net Bitcoin ETF inflows continue at ~$2bn per week... It would take ~28 weeks (six months) for the Bitcoin ETF AUM to flip that of gold ETF AUM (Ceteris paribus) Wild. https://t.co/qpT3yHPZ0h
$ETH has outshone $BTC in the past seven days and the trend could continue, as #ether's supply outlook looks more bullish than #bitcoin's. reports @godbole17. https://t.co/urpaGjwytb
0.5% of Bitcoins (100k BTC) worth $5.2B absorbed into ETFs since launch, over half in the last week Source: https://t.co/jW6Of0S51K https://t.co/HwUlcbLAny
📈 Exciting news as @Coinbase's impressive earnings propel its stock to a 2-year high! 💹 The future of finance is evolving, and @coinbase is clearly at the forefront. 💼💰 Proud to always stand behind in building and supporting the financial revolution! https://t.co/IrVNN1bsVV
New week, new $BTC highs, right? 😅
Cathie Wood's ARK Invest sells Coinbase shares worth $90 million following analyst upgrades https://t.co/zxHjvEiajF
People just woke up today and realized that Blackrock will get an Ethereum ETF by May 23rd. Could push as high as 4k by then imo
Crypto asset manager Grayscale continues to see a slowdown in outflows from its Bitcoin spot ETF https://t.co/oiPy2EVNim
.@ARKInvest, the investment firm led by @CathieDWood, sold $90 million of @coinbase shares as the exchange's fourth-quarter results beat Wall Street expectations. By @parikshitm899. https://t.co/UGDh1yUq5s
$BTC prices remained little changed over the weekend, hovering around the $52,000 level on relatively lower trading volumes compared to the weekdays. However, AI-related tokens surged after OpenAI released Sora. By @shauryamalwa. https://t.co/5UTIWRRxtv
📷 ETF inflows are propelling the #Bitcoin price. 5-day flow acceleration indicates increasing demand. Will it continue? Anyone's guess, but recent acceleration suggests stronger demand. Access the full chart for insights: https://t.co/5sb4lsM8D7 #Crypto #ETFs https://t.co/sRP82zViLd
$BTC is now ~28% from new ATH; an impending super cycle awaits and very easy for ETF inflows to get us there alone. $ETH is still ~65% from new ATH; while alts have started to run good chance many of us are still underestimating upside for the alts.
Bitcoin kissed a $1 Trillion market cap again this paR week, after hitting a recent high of $52,000! What do you think @unstoppableweb fam?! https://t.co/E05n1AK3Dw
On average, Grayscale has been bleeding out $269 million worth of #Bitcoin a day since the ETFs started trading on Jan 11 😱 https://t.co/AP555gyty8
Do you know the fact that 75% of new Bitcoin investments come from ETFs? Check out the news on @Cointelegraph with James's comments in it: https://t.co/HEgYZVX8Kr
GBTC has $7bil outflows in past 5 weeks… What a chart. Outflows clearly slowing. Interested to see what happens moving forward. Play for Grayscale IMO is to launch “mini-GBTC” (spot bitcoin ETF at significantly lower fee). SPDR did this w/ GLD & GLDM. via @biancoresearch https://t.co/NrZnqzUiAi
There are > 330 ETF issuers… iShares Bitcoin ETF *alone* has brought in more $$$ this yr than all but 4 of these issuers (including iShares itself). In other words, IBIT has taken in more $$$ than nearly every issuers’ *entire* ETF lineup.
BTC could do a 2x in next few months It’s then a $2 trillion asset some time not long after the halving For first time really, much of that new wealth ($1 tn new money in old school fiat), can also be deployed within the BTC eco $1tn is a lot of money, let’s keep it at that
BREAKING: $BTC WEEKLY CLOSE (UTC) HIGHEST SINCE NOVEMBER 2021 https://t.co/Eyvd40fubM
BITCOIN to $100k by June 2024.
NEW: "Vanguard has taken IN about $30B since the #Bitcoin ETFs launched, or 6x what the #BTC ETFs have done. They're on another level, and i say this as someone in awe of what the #BTC ETFs have done. They are TradFi Moby Dick," says Senior ETF Analyst Eric Balchunas https://t.co/wBL1FSkCBc
Bitcoin's surge past $50,000 marks a bullish 2024, while Cardano whales explore Rebel Satoshi (RBLZ) for new opportunities #partnercontent https://t.co/BPJgGnv2L0
Altcoin season looms as Cardano, Meme Moguls, and Binance Coin are set for potential 2024 surges #sponsored https://t.co/8vOvKIw14x
Super short and sweet $BTC weekly close recap xx https://t.co/8LD7cJ6YfJ
I'm bullish.
#Bitcoin is over $50k and retail trading volume on Coinbase is still 85% off its high. Bullish. https://t.co/lkSfgD5HUr
Stacks hit 26-month highs as the global cryptocurrency market capitalization sailed past $2 trillion. The price of Bitget Token and Wen also spiked last week https://t.co/kRevwNLVHX
NEW: "Think of the ETF launch as #Bitcoin’s IPO in the 🇺🇸 U.S. market. It has just unleashed a huge wave of interest from traditional finance, and it has exceeded my expectations," says Bitwise Chief Investment Officer Matt Hougan https://t.co/3SSfPvOx4x
✨ Exactly 3 years ago this week, the 1st #Bitcoin spot ETF officially went live in Canada 🇨🇦 Combined, all public ETFs now own 700,000 $BTC worth $36,000,000,000 That's 3% of all the Bitcoin that will ever be 🚀 https://t.co/1K5gNH09vG
Bitcoin’s Recent Rally Above $50,000 Coincided With A Huge Improvement In Sentiment https://t.co/Au2wf4Zco9 via @ForbesCrypto
The rate that BlackRock is accumulating AuM in their #Bitcoin ETF is insane. https://t.co/ZzLJ8Upuwg
Bitcoin spot ETF flows hit $2.3bn last week Blackrock is leading the charge YTD: 1. Blackrock +$5,365m 2. Fidelity +$3,6512m 3. Ark +$1,324m According to Bloomberg’s Eric Balchunas , Blackrock spot Bitcoin ETF YTD inflows represent 50% of their entire 417 ETFs Wild https://t.co/aLzgnuhzjj https://t.co/whBS7u1MB0
Looking back, the hype on Bitcoin ETFs was 100% worth it. Imagine what happens when Ethereum ETF, and other soon-to-be crypto asset ETFs get approved. Gonna be crazy, to say the least. frens, we are still super early. https://t.co/vyXUFmYKHo
The Bitcoin peak is not far away. Prices are up 30% in the last month. It does that again and Bitcoin’s back at ATHs https://t.co/CF4zgWlJNy
The craziest thing about the BTC ETF inflows is BlackRock and Fidelity aren't even really trying to sell them all that much yet 🤯
$13.5B in #Bitcoin Secured by Nine New ETFs, Grayscale’s GBTC Offloads $8.26B https://t.co/MK8Nom4glE
WATCH: Over $10 billion worth of #Bitcoin being accumulated by the ETFs in under 5 weeks of trading 👀 https://t.co/2eBtckzciD
In < 10 seconds, you can watch the accumulation of 260,000+ bitcoin… Only *5 weeks* of trading since spot bitcoin ETFs went live. “No demand.” via @apollosats https://t.co/xepu2v9Het
Open interest on #Bitcoin futures is now over $21B and has reached its highest levels since Nov 2021 ($25B). Since the spot #BTC ETF products launched in mid-Jan, open interest volume has increased 18%. Meanwhile, $4.1B has flowed into these products in just one month, with 3… https://t.co/2wklLC1yul
So bearish, it’s bullish? https://t.co/2N7kVbROoW https://t.co/n6RloTgpcx
Latest bitcoin ETF fund flows: only inflows, except for GBTC where bankrupt Genesis is selling similar to FTX one month ago. https://t.co/zWAJvfUeoN
$3b flowed into Bitcoin ETFs in the past few days. This is surely new money. If the pace continues (and it will surely accelerate), almost certainly the ETFs will multibag by year end. $IBIT $FBTC $GBTC
BlackRock's Bitcoin ETF received most of the week’s inflows, amassing $1.6 billion in capital from Feb. 12 to 16. https://t.co/xnD7KDeMy2
NEW: Bloomberg's @EricBalchunas reports that BlackRock's spot #Bitcoin ETF has taken in $5.2 billion YTD, representing 50% of BlackRock's total net flows for their 417 ETFs 👀 https://t.co/1ppgwiMBBF
🚨 RUMOR 🚨 ETHEREUM SPOT ETF WILL NOW BE APPROVED BY THE END OF MARCH 2024. MULTIPLE BITCOIN ETF GUYS HAVE FILED FOR ETH SPOT ETF. ETH ETF IS COMING BOYZ 🔥
#Bitcoin ETFs had higher net flows last week than any other ETF Crazy numbers https://t.co/ZIY0f3oSmp
The mathematical case for BTC into the halving is simple. Post-halving there is about ~$25mm of daily structural supply to absorb (per business day). We are beginning to get enough empirical evidence of ETF demand to believe the ETF will likely be able to more than offset this.… https://t.co/6KW8ZU5JvZ
These spot $BTC ETF results NET of GBTC are absolutely astonishing for it just being a few weeks after the SEC approval and we could still have another 18 months of this bullish demand until the peak of the blow off top for the cycle. We're literally just getting started w/… https://t.co/pqm8UkNB4R
New Wave of #Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock's IBIT Leads Charge https://t.co/MK8Nom4glE
I’m so unbelievably bullish on all the non-speculative truly ambitious and impact first solutions being built onchain. Planning to go all out in supporting genuine builders this year.
Bitcoin started the week strong, and despite a Valentine's Day dip, has since been simmering near $52,000. https://t.co/pdLTN2OdoZ
2024 is already shaping up to be an incredible year for crypto. I can only imagine what Q2 will have in store (🧊,🧊)