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Hedge Funds vs. ETFs: Central Banks and Gold
The post "Hedge Funds vs. ETFs: Central Banks and Gold" first appeared on 36crypto.com News.
Gold may be on the cusp of a significant bull-market breakout, with ETFs potentially playing a guiding role. Speaking of Bloomberg Intelligence, the main question for the second half of 2024 is whether ETFs will hold more gold as their price increases. An aggressive movement towards inflows seems inevitable if the stock market fluctuates slightly. Such an increase in the inflation rate has been coupled with improved equity prices, and it has not been a surprise. This could be what gold reacts to, as it leapfrogged to 13% in 2024 up to June 12. This performance is similar to the AI-driven S&P 500, suggesting strong consumer demand for gold.
ETF Inflows and Market Dynamics
ETF holdings in gold have yet to catch up to the metal's price increase; however, the market has signs that might indicate new investment in ETFs. This trend may worsen with any fluctuation in the stock market, as discussed in the current study. The changed market conditions that investors seek safer investments could inform the transfer from equities to gold-based ETFs.
Furthermore, the central banks of every country maintain control of the gold market. Their policies and operations affect investors' and gold's reactions, either positively or negatively. Thus, given that inflation remains elevated, the monetary policies of central banks might even more affect gold's position as a hedge.
Inflation and Gold Performance
The relationship between inflation and gold prices remains strong; as inflation stays elevated, gold's role as a hedge becomes increasingly critical. This is evident in gold, which has performed admirably this year, matching the increase in fundamental equity indices. Investors anticipate enduring inflation pressures, which has heightened their interest in gold.
Furthermore, its track record during inflationary regimes supports the argument favoring gold. While traditional forms of investing, such as equities, demonstrate volatility, gold is a steady asset type. This steadiness particularly appeals to hedge funds and prominent investors during unstable and economic crises.
Gold's potential bull-market breakout and the role of #ETFs in this scenario present a compelling narrative for the second half of 2024. Because inflation persists and equity markets fluctuate, investors increasingly turn to gold. Central bank policies and investors' attitudes towards ETFs will be the critical factors affecting the gold market. Gold, which showed a 13% rise in 2024, continues an upward trend due to its function as an inflation and market volatility hedge.
Gold may be on the cusp of a significant bull-market breakout, with ETFs potentially playing a guiding role. Speaking of Bloomberg Intelligence, the main question for the second half of 2024 is whether ETFs will hold more gold as their price increases. An aggressive movement towards inflows seems inevitable if the stock market fluctuates slightly. Such an increase in the inflation rate has been coupled with improved equity prices, and it has not been a surprise. This could be what gold reacts to, as it leapfrogged to 13% in 2024 up to June 12. This performance is similar to the AI-driven S&P 500, suggesting strong consumer demand for gold.
ETF Inflows and Market Dynamics
ETF holdings in gold have yet to catch up to the metal's price increase; however, the market has signs that might indicate new investment in ETFs. This trend may worsen with any fluctuation in the stock market, as discussed in the current study. The changed market conditions that investors seek safer investments could inform the transfer from equities to gold-based ETFs.
Furthermore, the central banks of every country maintain control of the gold market. Their policies and operations affect investors' and gold's reactions, either positively or negatively. Thus, given that inflation remains elevated, the monetary policies of central banks might even more affect gold's position as a hedge.
Inflation and Gold Performance
The relationship between inflation and gold prices remains strong; as inflation stays elevated, gold's role as a hedge becomes increasingly critical. This is evident in gold, which has performed admirably this year, matching the increase in fundamental equity indices. Investors anticipate enduring inflation pressures, which has heightened their interest in gold.
Furthermore, its track record during inflationary regimes supports the argument favoring gold. While traditional forms of investing, such as equities, demonstrate volatility, gold is a steady asset type. This steadiness particularly appeals to hedge funds and prominent investors during unstable and economic crises.
Gold's potential bull-market breakout and the role of #ETFs in this scenario present a compelling narrative for the second half of 2024. Because inflation persists and equity markets fluctuate, investors increasingly turn to gold. Central bank policies and investors' attitudes towards ETFs will be the critical factors affecting the gold market. Gold, which showed a 13% rise in 2024, continues an upward trend due to its function as an inflation and market volatility hedge.
Bitcoin ETFs See $200M Net Outflows Amid Fed CPI Jitters
Bitcoin ETFs have experienced significant net outflows of $200 million, reflecting investor jitters over the Federal Reserve's CPI data. The market reaction indicates heightened sensitivity to economic indicators and their potential impact on cryptocurrency investments. With Bitcoin prices fluctuating, many investors are re-evaluating their positions in Bitcoin ETFs.
What's your take on this? Are these outflows a sign of more volatility to come, or a temporary reaction to economic news? Join the conversation and share your thoughts on the future of Bitcoin ETFs in this uncertain economic climate.
#trendingtopic #Bitcoin #ETFs #Investing $BTC
Bitcoin ETFs have experienced significant net outflows of $200 million, reflecting investor jitters over the Federal Reserve's CPI data. The market reaction indicates heightened sensitivity to economic indicators and their potential impact on cryptocurrency investments. With Bitcoin prices fluctuating, many investors are re-evaluating their positions in Bitcoin ETFs.
What's your take on this? Are these outflows a sign of more volatility to come, or a temporary reaction to economic news? Join the conversation and share your thoughts on the future of Bitcoin ETFs in this uncertain economic climate.
#trendingtopic #Bitcoin #ETFs #Investing $BTC
💥💥WHALES CONTINUE ACCUMULATING💥💥🔔
⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer
Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳
#CryptoNewss
$ETH
⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer
Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳
#CryptoNewss
$ETH
Australia’s First Spot #Bitcoin #ETF Set to Launch Tomorrow 🚀
Australia is set to enhance its financial landscape by launching its first Bitcoin Exchange Traded Funds (#ETFs ) tomorrow.
Managed by Monochrome Asset Management, the ETF, trading under the ticker IBTC on the Cboe exchange, charges a management fee of 0.98% and tracks the CME CF Bitcoin Reference Rate index.
This initiative positions Australia as a leader in embracing crypto currency, following significant investment influxes into similar U.S. products earlier this year.
The decision to list on Cboe, ahead of the larger Australian Securities Exchange (#ASX ), which also plans to approve #BitcoinETFs by the end of the year, taps into the growing global interest in regulated cryptocurrency investments.
The U.S.’s earlier regulatory approval sparked substantial institutional and retail investments, setting a precedent that Australia is keen to follow.
With the introduction of a passive ETF, Australia simplifies Bitcoin investment and underscores its legitimacy as an institutional asset class. This move is expected to encourage further global acceptance and integration of Bitcoin into mainstream financial systems.
Australia is set to enhance its financial landscape by launching its first Bitcoin Exchange Traded Funds (#ETFs ) tomorrow.
Managed by Monochrome Asset Management, the ETF, trading under the ticker IBTC on the Cboe exchange, charges a management fee of 0.98% and tracks the CME CF Bitcoin Reference Rate index.
This initiative positions Australia as a leader in embracing crypto currency, following significant investment influxes into similar U.S. products earlier this year.
The decision to list on Cboe, ahead of the larger Australian Securities Exchange (#ASX ), which also plans to approve #BitcoinETFs by the end of the year, taps into the growing global interest in regulated cryptocurrency investments.
The U.S.’s earlier regulatory approval sparked substantial institutional and retail investments, setting a precedent that Australia is keen to follow.
With the introduction of a passive ETF, Australia simplifies Bitcoin investment and underscores its legitimacy as an institutional asset class. This move is expected to encourage further global acceptance and integration of Bitcoin into mainstream financial systems.
Bitcoin ETF Volumes See Biggest Breakout in 4 Weeks.
Bitcoin price has fallen after 19 consecutive days of inflows by #Bitcoin ETFs. The ETF has faced strong selling pressure, with volumes reporting two consecutive days of outflows.
On Tuesday, June 11, total outflows recorded by US Bitcoin ETFs rose to $200 million.
According to Santiment's data, Bitcoin ETF transaction volume had reached its highest level since May 15. This increase observed among the seven largest #ETFs indicates the potential for a price reversal. Analysts believe the recent volume increase is likely a response to a dip-buying opportunity, indicating renewed investor interest and activity in the market.
On June 11, US #Bitcoin spot ETFs experienced a total net outflow of $200 million. This was the second consecutive day of departures. Grayscale's GBTC alone saw a single-day outflow of $121 million. As a result, the total net asset value of Bitcoin spot ETFs dropped below $60 billion and currently stands at $59.227 billion.
Bitcoin has recently fallen below $67,000, Santiment said. Historically, when sell calls begin to close the gap on buy calls, this indicates increasing panic and fear, which often leads to a rally in cryptocurrency prices.
If actual figures come in lower than expected, it could mean a slowdown in inflation. It could potentially increase expectations for cryptocurrency prices to rise. Conversely, if the numbers exceed expectations, it could indicate ongoing inflation concerns, potentially leading to a decline in cryptocurrency values.
Ahead of the #FOMC meeting, Bitcoin price faced strong selling pressure amid miner capitulation. If Bitcoin price falls below $67,000, we could see a further pullback of 5-8% in the coming weeks.
$BTC
Bitcoin price has fallen after 19 consecutive days of inflows by #Bitcoin ETFs. The ETF has faced strong selling pressure, with volumes reporting two consecutive days of outflows.
On Tuesday, June 11, total outflows recorded by US Bitcoin ETFs rose to $200 million.
According to Santiment's data, Bitcoin ETF transaction volume had reached its highest level since May 15. This increase observed among the seven largest #ETFs indicates the potential for a price reversal. Analysts believe the recent volume increase is likely a response to a dip-buying opportunity, indicating renewed investor interest and activity in the market.
On June 11, US #Bitcoin spot ETFs experienced a total net outflow of $200 million. This was the second consecutive day of departures. Grayscale's GBTC alone saw a single-day outflow of $121 million. As a result, the total net asset value of Bitcoin spot ETFs dropped below $60 billion and currently stands at $59.227 billion.
Bitcoin has recently fallen below $67,000, Santiment said. Historically, when sell calls begin to close the gap on buy calls, this indicates increasing panic and fear, which often leads to a rally in cryptocurrency prices.
If actual figures come in lower than expected, it could mean a slowdown in inflation. It could potentially increase expectations for cryptocurrency prices to rise. Conversely, if the numbers exceed expectations, it could indicate ongoing inflation concerns, potentially leading to a decline in cryptocurrency values.
Ahead of the #FOMC meeting, Bitcoin price faced strong selling pressure amid miner capitulation. If Bitcoin price falls below $67,000, we could see a further pullback of 5-8% in the coming weeks.
$BTC
🚨 #BitcoinETFs recorded $200 million in net outflows on Tuesday.
U.S.-listed #Bitcoin ETFs recorded the 2nd consecutive day of outflows driven by Grayscale's $GBTC.
Ark Invest’s $ARKB, Bitwise’s $BITB, Fidelity’s $FBTC and VanEck’s $HODL recorded outflows ranging from $56 million to $7 million.
None of the #ETFs saw any inflows.
#BitcoinETFUpdate #TrendingTopic
U.S.-listed #Bitcoin ETFs recorded the 2nd consecutive day of outflows driven by Grayscale's $GBTC.
Ark Invest’s $ARKB, Bitwise’s $BITB, Fidelity’s $FBTC and VanEck’s $HODL recorded outflows ranging from $56 million to $7 million.
None of the #ETFs saw any inflows.
#BitcoinETFUpdate #TrendingTopic
SEC approves 1st Ethereum ETF, but don't expect a crypto ETF flood. The wait is over for Ethereum ETFs, but get ready for a slow trickle, not a wave, of crypto ETFs in the future. While this is a win for crypto, the SEC will likely keep a tight grip on approvals.
#ETHETFsApproved #ETH #Sec #ETFs #writetoearn
#ETHETFsApproved #ETH #Sec #ETFs #writetoearn
Important statistic in Bitcoin: It can determine the bull season!
Spot Bitcoin exchange-traded funds (ETFs) in the United States purchased the equivalent of nearly two months' mining supply of the leading cryptocurrency last week.
With inflows of approximately $1.83 billion, 11 funds purchased 25,729 BTC in the trading week from June 3 to 7, according to data from HODL15Capital. This statistic is nearly eight times more than the 3,150 new BTC mined during the same period.
According to #HODL15Capital , the amount of Bitcoin purchased in just one week was 29,592 BTC, almost the entire month of May. The first days of June marked the biggest buying week since mid-March, when BTC hit an all-time high of $73,679.
In total, the 11 ETFs have seen net inflows of $15.69 billion since their launch in January, including net outflows of $17.93 billion from Grayscale's fund, with assets under management totaling approximately $61 billion. Bitcoin maximalists have long referred to the cryptocurrency as “digital gold” due to its built-in scarcity mechanism, with only 21 million BTC able to be issued so far.
#ETF Store president Nate Geraci noted in a June 9 post that even though gold ETFs have been around for 20 years and Bitcoin ETFs have only been around for five months, the amount of assets under management in #Bitcoin ETFs is about 60 percent of the nation's gold ETFs. .
Bitcoin hit a high of $71,093 last week as inflows into U.S. Bitcoin #ETFs surged, breaking above $71,000 for the first time since May 21, according to Cointelegraph Markets Pro.
Crypto exchange co-founder “Radar Bear” told Cointelegraph last week that the BTC price is struggling to surpass its current high as it is “more influenced by macroeconomic factors and geopolitical events.”
$BTC
Spot Bitcoin exchange-traded funds (ETFs) in the United States purchased the equivalent of nearly two months' mining supply of the leading cryptocurrency last week.
With inflows of approximately $1.83 billion, 11 funds purchased 25,729 BTC in the trading week from June 3 to 7, according to data from HODL15Capital. This statistic is nearly eight times more than the 3,150 new BTC mined during the same period.
According to #HODL15Capital , the amount of Bitcoin purchased in just one week was 29,592 BTC, almost the entire month of May. The first days of June marked the biggest buying week since mid-March, when BTC hit an all-time high of $73,679.
In total, the 11 ETFs have seen net inflows of $15.69 billion since their launch in January, including net outflows of $17.93 billion from Grayscale's fund, with assets under management totaling approximately $61 billion. Bitcoin maximalists have long referred to the cryptocurrency as “digital gold” due to its built-in scarcity mechanism, with only 21 million BTC able to be issued so far.
#ETF Store president Nate Geraci noted in a June 9 post that even though gold ETFs have been around for 20 years and Bitcoin ETFs have only been around for five months, the amount of assets under management in #Bitcoin ETFs is about 60 percent of the nation's gold ETFs. .
Bitcoin hit a high of $71,093 last week as inflows into U.S. Bitcoin #ETFs surged, breaking above $71,000 for the first time since May 21, according to Cointelegraph Markets Pro.
Crypto exchange co-founder “Radar Bear” told Cointelegraph last week that the BTC price is struggling to surpass its current high as it is “more influenced by macroeconomic factors and geopolitical events.”
$BTC
ETF Funds Bought the Equivalent of Two Months' Mining Supply of Bitcoin Last Week.
Spot Bitcoin exchange-traded funds based in the United States purchased the equivalent of nearly two months' mining supply of the cryptocurrency last week. With approximately $1.83 billion in inflows, 11 funds purchased 25,729 #Bitcoins in the trading week from June 3 to 7, according to #HODL15Capital data; This is approximately eight times more than the 3,150 new Bitcoins mined at the same time.
The amount of Bitcoin acquired in just one week was nearly equal to 29,592 Bitcoins in the entire month of May, by HODL15Capital's count, and was the biggest week of buying since mid-March, when Bitcoin hit an all-time high of $73,679.
In total, the 11 #ETFs have seen net inflows of $15.69 billion since their launches in January; This includes a $17.93 billion net outflow from Grayscale's fund, with assets under management of approximately $61 billion. Bitcoin advocates have long touted the cryptocurrency as “digital gold” due to its built-in scarcity mechanism that ensures only 21 million Bitcoins can be released.
ETF Shop president Nate Geraci noted in a June 9 post that Bitcoin ETF AUM is about 60% of the country's gold ETF funds, even though gold-focused #ETF funds have been around for 20 years and #Bitcoin ETF funds have only been around for five months. Bitcoin reached a high of $71,093 last week, breaking above $71,000 for the first time since May 21, according to Tradingview data, amid increased influx into US Bitcoin ETF funds.
Radar Bear, co-founder of crypto exchange, said last week that the price of the cryptocurrency is struggling to break past its current high as it is more affected by macroeconomic factors and geopolitical events.
$BTC
Spot Bitcoin exchange-traded funds based in the United States purchased the equivalent of nearly two months' mining supply of the cryptocurrency last week. With approximately $1.83 billion in inflows, 11 funds purchased 25,729 #Bitcoins in the trading week from June 3 to 7, according to #HODL15Capital data; This is approximately eight times more than the 3,150 new Bitcoins mined at the same time.
The amount of Bitcoin acquired in just one week was nearly equal to 29,592 Bitcoins in the entire month of May, by HODL15Capital's count, and was the biggest week of buying since mid-March, when Bitcoin hit an all-time high of $73,679.
In total, the 11 #ETFs have seen net inflows of $15.69 billion since their launches in January; This includes a $17.93 billion net outflow from Grayscale's fund, with assets under management of approximately $61 billion. Bitcoin advocates have long touted the cryptocurrency as “digital gold” due to its built-in scarcity mechanism that ensures only 21 million Bitcoins can be released.
ETF Shop president Nate Geraci noted in a June 9 post that Bitcoin ETF AUM is about 60% of the country's gold ETF funds, even though gold-focused #ETF funds have been around for 20 years and #Bitcoin ETF funds have only been around for five months. Bitcoin reached a high of $71,093 last week, breaking above $71,000 for the first time since May 21, according to Tradingview data, amid increased influx into US Bitcoin ETF funds.
Radar Bear, co-founder of crypto exchange, said last week that the price of the cryptocurrency is struggling to break past its current high as it is more affected by macroeconomic factors and geopolitical events.
$BTC
Bitcoin ETFs Now Hold 1 Million BTC Worth $70.5 Billion
The post "Bitcoin ETFs Now Hold 1 Million BTC Worth $70.5 Billion" first appeared on 36crypto.com News.
Future markets and ETFs have been formed, and custody has been amassed to over 1 million #BTC. These investment instruments, which seek to mirror the performance of Bitcoin, had a total of 1,002,343 BTC as of May 24th. These statistics were posted by Michael Saylor, the executive chairman of MicroStrategy, on his Twitter account.
Most of these Bitcoins are in the United States. Bitcoin spot ETF was launched in January. Among them, two giant funds are Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust; they possess 289,040 BTC and 287,168 BTC, accounting for nearly half of the total BTC. Another famous Bitcoin ETF is the Fidelity Wise Origin Bitcoin Trust, which has 161,538 BTC, the Ark 21 Shares Bitcoin ETF with 48,444 BTC, and the Bitwise Bitcoin ETF with 36,185 BTC. Globally, the Canadian Purpose Bitcoin ETF is the first to be launched, contains 27,110 BTC and is still the largest Bitcoin ETF outside the USA.
Combined, these holdings amount to approximately 5 percent of the global circulating supply of Bitcoin at the current market price of $70. 5 billion. This Bitcoin held by ETFs is almost five times the proportion of Saylor's personal Bitcoin holdings and is equivalent to 214,400 BTC or $15 billion. Bitcoin ETFs provide investors with the same ETF to invest in along with other securities rather than investing directly in Bitcoins by using retirement or tax-advantaged accounts. They also facilitate large institutions' involvement in Bitcoin by granting them access.
Institutional Involvement in Bitcoin ETF
Reporting data for the first calendar quarter indicated that more than 20% of the exposure to US spot Bitcoin ETFs belonged to qualified institutional buyers, with total assets of over $100 million each. These are hedge funds, banks, and even Wisconsin's state pension funds, to mention but a few. This shows that such important entities accept Bitcoin as an investment asset in the financial markets. Further, the trend will likely repeat as more institutions aim to add cryptocurrency to their investment portfolio.
Also, it is essential to look into the factors that may affect Bitcoin by the ETF, including the ETF's buying of Bitcoin. This reduces the supply of bitcoins available for trading, leading to price fluctuations due to the concentration of bitcoins in these funds. Therefore, it is proved that #ETFs occupy a highly significant position in the Bitcoin market.
In the same context, the formation of Bitcoin ETFs represents an opportunity to invest directly in Bitcoin, with additional safeguards. This access especially appeals to institutional investors who may otherwise be reluctant to have direct control over the cryptocurrency. It is interesting to imagine the rise of Bitcoin ETFs as similar to the gradual integration of other digital assets into the financial world.
The exceptional attainment affirms that Bitcoin ETFs possess 1 million BTC or higher, worth $70. We see institutional confidence in Bitcoin, and we see an institutional backing of $5 billion. This goes a long way in showing how the cryptocurrency market is fast changing and how the importance of ETFs is increasing today. Further institutional adoption is also on an upward trend, meaning that #Bitcoin will continue accumulating in the traditional financial system, hence the solid placement of Bitcoins as an investment asset.
Future markets and ETFs have been formed, and custody has been amassed to over 1 million #BTC. These investment instruments, which seek to mirror the performance of Bitcoin, had a total of 1,002,343 BTC as of May 24th. These statistics were posted by Michael Saylor, the executive chairman of MicroStrategy, on his Twitter account.
Most of these Bitcoins are in the United States. Bitcoin spot ETF was launched in January. Among them, two giant funds are Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust; they possess 289,040 BTC and 287,168 BTC, accounting for nearly half of the total BTC. Another famous Bitcoin ETF is the Fidelity Wise Origin Bitcoin Trust, which has 161,538 BTC, the Ark 21 Shares Bitcoin ETF with 48,444 BTC, and the Bitwise Bitcoin ETF with 36,185 BTC. Globally, the Canadian Purpose Bitcoin ETF is the first to be launched, contains 27,110 BTC and is still the largest Bitcoin ETF outside the USA.
Combined, these holdings amount to approximately 5 percent of the global circulating supply of Bitcoin at the current market price of $70. 5 billion. This Bitcoin held by ETFs is almost five times the proportion of Saylor's personal Bitcoin holdings and is equivalent to 214,400 BTC or $15 billion. Bitcoin ETFs provide investors with the same ETF to invest in along with other securities rather than investing directly in Bitcoins by using retirement or tax-advantaged accounts. They also facilitate large institutions' involvement in Bitcoin by granting them access.
Institutional Involvement in Bitcoin ETF
Reporting data for the first calendar quarter indicated that more than 20% of the exposure to US spot Bitcoin ETFs belonged to qualified institutional buyers, with total assets of over $100 million each. These are hedge funds, banks, and even Wisconsin's state pension funds, to mention but a few. This shows that such important entities accept Bitcoin as an investment asset in the financial markets. Further, the trend will likely repeat as more institutions aim to add cryptocurrency to their investment portfolio.
Also, it is essential to look into the factors that may affect Bitcoin by the ETF, including the ETF's buying of Bitcoin. This reduces the supply of bitcoins available for trading, leading to price fluctuations due to the concentration of bitcoins in these funds. Therefore, it is proved that #ETFs occupy a highly significant position in the Bitcoin market.
In the same context, the formation of Bitcoin ETFs represents an opportunity to invest directly in Bitcoin, with additional safeguards. This access especially appeals to institutional investors who may otherwise be reluctant to have direct control over the cryptocurrency. It is interesting to imagine the rise of Bitcoin ETFs as similar to the gradual integration of other digital assets into the financial world.
The exceptional attainment affirms that Bitcoin ETFs possess 1 million BTC or higher, worth $70. We see institutional confidence in Bitcoin, and we see an institutional backing of $5 billion. This goes a long way in showing how the cryptocurrency market is fast changing and how the importance of ETFs is increasing today. Further institutional adoption is also on an upward trend, meaning that #Bitcoin will continue accumulating in the traditional financial system, hence the solid placement of Bitcoins as an investment asset.
