Investor exodus from Bitcoin ETFs as BlackRock and Fidelity see significant outflows
BlackRock see back-to-back zero flows as Fidelity’s FBTC records first outflow.
Happy Friday!
The global crypto market cap is $2.34 trillion, with a 24-hour volume of $69.87 billion. The price of Bitcoin is $63,484.32, and BTC market dominance is 53.4%. The price of Ethereum is $3,113.68, and ETH market dominance is 16.2%. The best-performing sector is Masternode, which gained 11%. The Crypto Fear & Greed Index is currently Greed (70).
Top News
Investor exodus from Bitcoin ETFs as BlackRock and Fidelity see significant outflows
BlackRock see back-to-back zero flows as Fidelity’s FBTC records first outflow.
FBI warns US citizens against using ‘unregistered crypto money transmitting services’
According to the notice, users could see financial disruptions and losses amid enforcement efforts.
Franklin Templeton tokenizes $380 million US government money fund on Polygon, Stellar
The asset manager has launched the Franklin OnChain United States Government Money Fund (FOBXX) on Polygon and Stellar, offering shares as BENJI tokens.
Latest Insights
Despite market volatility, MicroStrategy’s “BTC per Share” reaches near record levels
IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments
More News
Consensys sues SEC, seeks court declaration that Ethereum is not a security
Bitcoin ETFs in the US drive higher crypto allocations among institutional investors
SEC cold-shoulders Ethereum ETF applicants in meetings, dashing hopes of May approval
Top Ethereum Layer-2 networks adopt Avail DA to boost rollup efficiency and security
Latest Market Report
From 2012 to 2024: Analyzing market conditions before each Bitcoin halving
As the fourth Bitcoin halving approaches, an in-depth look at past events offers insights into potential market impacts.
“Investors Exodus from BTC ETFs….” Clickbait title, shame on you. I find the outflows related to a lack of interest rate cuts cited by the analysts/expert a bit of a reach. Equities in various companies are definitely affected but there is zero correlation between BTC & interest rates.