Bitcoin News
By James Thorp
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Ethereum Funds Bleed Cash. Ether ETFs got hammered. The sector lost $42.15 million as investors ran for the exits during the…
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Fed Chair Sparks Fresh Worries. Jerome Powell's comments on April 5 didn't help matters.
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What Funds Are Saying. Fidelity released a report on April 4 saying Bitcoin remains popular with big institutional money…
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Bitcoin ETFs grabbed $22.34 million in fresh money last week. The inflows came during brutal market volatility and a shortened trading period that had most traders pretty nervous…
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Blackrock's IBIT fund drove most of the action, pulling in the biggest chunk of investor cash while other funds struggled to keep pace.
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Blackrock ETHA led the exodus, with massive outflows that caught fund managers off guard. Sources close to the fund said redemption requests spiked on Tuesday and Wednesday as…
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Solana and XRP funds both posted ugly numbers, with Solana ETFs bleeding roughly $5 million and XRP products struggling to find any buyers.
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Market pros said the speed of the decline was what really spooked people. "It wasn't just the size of the moves, it was how quick they happened," one trader said.
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Jerome Powell's comments on April 5 didn't help matters. The Fed chair talked about possible rate hikes to fight inflation, and that sent shockwaves through crypto markets that…
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Powell's remarks came at the worst possible time for digital assets, with Bitcoin trading around $28,000 and Ethereum struggling near $1,800.
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ProShares Bitcoin Strategy ETF managed to stay neutral during the chaos. The fund didn't see major inflows or outflows, which fund managers took as a positive sign that some…
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Grayscale's funds had mixed results. The Bitcoin Trust held up okay, but the Ethereum Trust got crushed along with other ether products.
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Other altcoins showed some fight. Cardano and Polkadot ETFs avoided the worst of the damage, suggesting investors might be looking for diversification within the crypto space.
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CoinShares noted the selective nature of last week's flows in their April 5 update. The digital asset manager said the $22.
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The Ethereum Foundation put out a statement on April 3 about the ether ETF outflows. Officials said they're watching the situation closely and emphasized ongoing network upgrades…
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