Global #ETF

BlackRock's Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust, which trades under the ticker "IBIT," has had inflows for 69 days running, according to a social media post by Eric Balchunas, an analyst with Bloomberg Intelligence ETFs.

Even after a 10% weekly decline in trust in the largest cryptocurrency, some traders believe that global politics and the need for an investment hedge could propel a Bitcoin (BTC) increase in the upcoming months.

The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock's Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows.

Head of BitGo Go Network Matt Balensweig claims that the impending Bitcoin halving will result in "real changes" to the cryptocurrency's supply and demand dynamics. Balensweig's remarks give the continuing speculation about whether or not the halving is already priced in a fresh perspective.

During a CNBC "Power Lunch" segment on April 11, 2024, Chris Mancini, an associate portfolio manager at Gabelli Gold Fund, discussed the intriguing dynamics in the gold market.

It seems improbable that the US Securities and Exchange Commission would approve a spot Ether ETH exchange-traded fund in May, according to the CEO of financial firm VanEck.