Fidelity
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#Write2earn Market Dynamics: #Fidelity 's FBTC Leads #Bitcoin #ETF Outflows #BitcoinETF $BTC
Fidelity's FBTC, rather than GBTC, led the charge in outflows on Wednesday, raising concerns among bullish investors.
Despite Federal Reserve (Fed) Chairman Jerome Powell dismissing the possibility of a rate hike, investors rapidly offloaded U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) on Wednesday. This resulted in a combined net outflow of $563.7 million across 11 ETFs, marking the largest withdrawal since their inception on January 11. The trend continued a five-day streak of losses, with investors withdrawing nearly $1.2 billion from the ETFs since April 24, according to data from Farside.
Fidelity's FBTC saw the most significant outflows on Wednesday, totaling $191.1 million. This trend is concerning for bullish sentiments, given that FBTC and BlackRock's IBIT had consistently attracted funds in the first quarter, often offsetting the significant outflows from the relatively expensive Grayscale ETF (GBTC).
On Wednesday, GBTC experienced the second-largest outflow of $167.4 million, followed by ARKB's $98.1 million and IBIT's $36.9 million. Despite Powell's net-dovish approach providing support for risk assets, including bitcoin, other funds also experienced significant withdrawals. A dovish stance indicates a preference for prioritizing employment and economic growth over tightening liquidity excessively.
During Wednesday's meeting, the Fed opted to maintain the benchmark interest rate unchanged between 5.25% and 5.5%, as anticipated. Powell underscored the strength of the economy, signaling no inclination to cut rates while dispelling concerns about potential renewed rate hikes or liquidity tightening sparked by recent disappointing inflation figures.
Similar to other risk assets, bitcoin is sensitive to anticipated shifts in liquidity conditions. Following Powell's comments, it briefly rallied from $56,620 to $59,430. Concurrently, the yield on the 10- and two-year Treasury notes declined alongside the dollar index.
Fidelity's FBTC, rather than GBTC, led the charge in outflows on Wednesday, raising concerns among bullish investors.
Despite Federal Reserve (Fed) Chairman Jerome Powell dismissing the possibility of a rate hike, investors rapidly offloaded U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) on Wednesday. This resulted in a combined net outflow of $563.7 million across 11 ETFs, marking the largest withdrawal since their inception on January 11. The trend continued a five-day streak of losses, with investors withdrawing nearly $1.2 billion from the ETFs since April 24, according to data from Farside.
Fidelity's FBTC saw the most significant outflows on Wednesday, totaling $191.1 million. This trend is concerning for bullish sentiments, given that FBTC and BlackRock's IBIT had consistently attracted funds in the first quarter, often offsetting the significant outflows from the relatively expensive Grayscale ETF (GBTC).
On Wednesday, GBTC experienced the second-largest outflow of $167.4 million, followed by ARKB's $98.1 million and IBIT's $36.9 million. Despite Powell's net-dovish approach providing support for risk assets, including bitcoin, other funds also experienced significant withdrawals. A dovish stance indicates a preference for prioritizing employment and economic growth over tightening liquidity excessively.
During Wednesday's meeting, the Fed opted to maintain the benchmark interest rate unchanged between 5.25% and 5.5%, as anticipated. Powell underscored the strength of the economy, signaling no inclination to cut rates while dispelling concerns about potential renewed rate hikes or liquidity tightening sparked by recent disappointing inflation figures.
Similar to other risk assets, bitcoin is sensitive to anticipated shifts in liquidity conditions. Following Powell's comments, it briefly rallied from $56,620 to $59,430. Concurrently, the yield on the 10- and two-year Treasury notes declined alongside the dollar index.
⛔️ #Fidelity sells 3300 #BTC Yesterday($189M)
Massive outflow. Highest ever from Fidelity.
$BTC $ETH $BNB
#fomc #bitcoinhalving #BullorBear
Massive outflow. Highest ever from Fidelity.
$BTC $ETH $BNB
#fomc #bitcoinhalving #BullorBear
$NEAR
Trade with clear invalidation.
Was it a fakeout? Who knows, I'm willing to gamble.
#Fidelity news might pump it, if its true.
Trade with clear invalidation.
Was it a fakeout? Who knows, I'm willing to gamble.
#Fidelity news might pump it, if its true.
Bitcoin Approaches $29K Amid Fidelity ETF Amendment
Post By: CryptosHeadlines.com
A few experts mentioned that the changes indicate that the U.S. Securities and Exchange Commission (SEC) is actively talking to parties involved in the matter.On Wednesday, Bitcoin reached its highest point in two months. This happened after Fidelity, a financial company, made changes to its spot Bitcoin ETF filings. These changes might suggest that there is good communication between the companies and the regulators.
Bitcoin, the largest cryptocurrency, surged to $28,817 today, a two-month high, thanks to changes in a U.S. spot Bitcoin ETF filing. In the past 24 hours, Bitcoin gained 2.8%, leading the way for major tokens. This boost extended its weekly increase to nearly 7%.
Fidelity, a major asset management company, filed an amendment for its proposed spot Bitcoin ETF, the Wise Origin Bitcoin Trust, with the U.S. Securities and Exchange Commission (SEC) on Tuesday. This filing outlined how they will protect customers‘ Bitcoin in custody accounts and disclose risks related to the uncertain regulatory environment surrounding cryptocurrencies, among other details.
Bitcoin ETF Amendments Spark Optimism
Fidelity, Ark Invest, and Invesco are among companies making changes to their spot Bitcoin ETF filings, suggesting ongoing discussions with the SEC. This news has created positive sentiment among traders and market observers.
If approved, a spot Bitcoin ETF could boost the overall market capitalization by at least $1 trillion in the coming months, with the current market cap at about $1.1 trillion. There was speculation about a Bitcoin ETF approval earlier this week, leading to a nearly 10% increase in Bitcoin’s value. BlackRock CEO Larry Fink noted this showcased significant investor interest in the crypto market.
Some analysts predict Bitcoin will reach $29,400 in the coming days due to rising trading volumes.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Fidelity #ETF #BitcoinETF
A few experts mentioned that the changes indicate that the U.S. Securities and Exchange Commission (SEC) is actively talking to parties involved in the matter.On Wednesday, Bitcoin reached its highest point in two months. This happened after Fidelity, a financial company, made changes to its spot Bitcoin ETF filings. These changes might suggest that there is good communication between the companies and the regulators.
Bitcoin, the largest cryptocurrency, surged to $28,817 today, a two-month high, thanks to changes in a U.S. spot Bitcoin ETF filing. In the past 24 hours, Bitcoin gained 2.8%, leading the way for major tokens. This boost extended its weekly increase to nearly 7%.
Fidelity, a major asset management company, filed an amendment for its proposed spot Bitcoin ETF, the Wise Origin Bitcoin Trust, with the U.S. Securities and Exchange Commission (SEC) on Tuesday. This filing outlined how they will protect customers‘ Bitcoin in custody accounts and disclose risks related to the uncertain regulatory environment surrounding cryptocurrencies, among other details.
Bitcoin ETF Amendments Spark Optimism
Fidelity, Ark Invest, and Invesco are among companies making changes to their spot Bitcoin ETF filings, suggesting ongoing discussions with the SEC. This news has created positive sentiment among traders and market observers.
If approved, a spot Bitcoin ETF could boost the overall market capitalization by at least $1 trillion in the coming months, with the current market cap at about $1.1 trillion. There was speculation about a Bitcoin ETF approval earlier this week, leading to a nearly 10% increase in Bitcoin’s value. BlackRock CEO Larry Fink noted this showcased significant investor interest in the crypto market.
Some analysts predict Bitcoin will reach $29,400 in the coming days due to rising trading volumes.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Fidelity #ETF #BitcoinETF
JUST IN: $4.5 trillion asset manager #Fidelity files S-1 form for Spot #Ethereum #ETF with #staking included.
Got a feeling there will be massive inflows and a lot of FUD before this is final!
My guess and estimate is that there will be rapid demand for ETH in the coming days!
Similiar when we see gold miners leaving gold for bitcoin :D
In April or May ETH may be going to reach above 4,000 and some say even 5,000 !
Stay tuned! #BullishMovement
If you read it all the way to here, please leave a thumbs up!
Cheers!
CryptoORBIT
Got a feeling there will be massive inflows and a lot of FUD before this is final!
My guess and estimate is that there will be rapid demand for ETH in the coming days!
Similiar when we see gold miners leaving gold for bitcoin :D
In April or May ETH may be going to reach above 4,000 and some say even 5,000 !
Stay tuned! #BullishMovement
If you read it all the way to here, please leave a thumbs up!
Cheers!
CryptoORBIT
#Fidelity gives this digital currency a new impetus...the seventh company to request the creation of an Ethereum #ETF
_US investment management company Fidelity Investments has applied to list its #Ethereum (ETF) product with the Securities and Exchange Commission (SEC). With this introduction, Fidelity Investments now ranks as the seventh asset manager to make a product move in the United States. Other asset managers who have applied to list include Ethereum ETFs. After VanEck, Ark Invest, 21Shares, Hashdex, Nasdaq, Grayscale, Invesco #NYSE:IVZ , Galaxy Digital, and BlackRock, respectively. Ethereum Fund for Fidelity on Form 19b-4 filed with the Securities and Exchange Commission .
$ETH
#Follow_Me To see more news and details about digital currencies ⬇️💯🚰💵
_US investment management company Fidelity Investments has applied to list its #Ethereum (ETF) product with the Securities and Exchange Commission (SEC). With this introduction, Fidelity Investments now ranks as the seventh asset manager to make a product move in the United States. Other asset managers who have applied to list include Ethereum ETFs. After VanEck, Ark Invest, 21Shares, Hashdex, Nasdaq, Grayscale, Invesco #NYSE:IVZ , Galaxy Digital, and BlackRock, respectively. Ethereum Fund for Fidelity on Form 19b-4 filed with the Securities and Exchange Commission .
$ETH
#Follow_Me To see more news and details about digital currencies ⬇️💯🚰💵
#BitcoinETF Volume Report: Top Performers and Trends Revealed
Thursday, February 15th:
1️⃣ $IBIT: $665 million
2️⃣ $GBTC: $626 million
3️⃣ $FBTC: $370 million
4️⃣ $ARK: $173 million
Total Volume for 9 ETFs: ~1.4 billion.
➡️ Decreased volume for IBIT & FBTC while GBTC maintained constant volume.
➡️ GBTC sent 2,400 BTC to #Coinbase premium today, potentially indicating less than $300 million inflow.
➡️ #Bitwise saw its best day yet with $141 million in volume.
#blackrock #Fidelity
$BTC $ETH $SOL
Thursday, February 15th:
1️⃣ $IBIT: $665 million
2️⃣ $GBTC: $626 million
3️⃣ $FBTC: $370 million
4️⃣ $ARK: $173 million
Total Volume for 9 ETFs: ~1.4 billion.
➡️ Decreased volume for IBIT & FBTC while GBTC maintained constant volume.
➡️ GBTC sent 2,400 BTC to #Coinbase premium today, potentially indicating less than $300 million inflow.
➡️ #Bitwise saw its best day yet with $141 million in volume.
#blackrock #Fidelity
$BTC $ETH $SOL
JUST IN:
Total spot #Bitcoin ETF trading volume surpasses $3.24 billion today:
• BlackRock: $1,318,226,580
• Grayscale: $843,654,199
• Fidelity: $587,327,032
• Ark Invest: $265,647,305
• Bitwise: $83,248,930
• Invesco: $60,072,480
• WisdomTree: $37,426,253
• VanEck: $23,984,634
• Franklin: $21,911,626
• Valkyrie: $6,938,398
• Hashdex: $217,096
#TrendingTopic #BlackRlock #Graysacle #Fidelity
Total spot #Bitcoin ETF trading volume surpasses $3.24 billion today:
• BlackRock: $1,318,226,580
• Grayscale: $843,654,199
• Fidelity: $587,327,032
• Ark Invest: $265,647,305
• Bitwise: $83,248,930
• Invesco: $60,072,480
• WisdomTree: $37,426,253
• VanEck: $23,984,634
• Franklin: $21,911,626
• Valkyrie: $6,938,398
• Hashdex: $217,096
#TrendingTopic #BlackRlock #Graysacle #Fidelity
Top-5 Bitcoin Spot ETFs Trading Volumes on Day-1
Around $4.6 Billion total in trade...
#Grayscale : $2.3 billion
#BlackRock : $1 billion
#Fidelity : $700 million
#ARK21Shares : $288 million
#Bitwise : $125 million
They now just started....🚀
Always go for....VOTE TO BINANCE CREATORS AWARDS
Around $4.6 Billion total in trade...
#Grayscale : $2.3 billion
#BlackRock : $1 billion
#Fidelity : $700 million
#ARK21Shares : $288 million
#Bitwise : $125 million
They now just started....🚀
Always go for....VOTE TO BINANCE CREATORS AWARDS
Top Trading Sites for Day-Traders #dyor
We carefully considered features, instructional materials, user interfaces, and general trading suitability before making our choice.5 Best Trading Platforms for Day Trading of October 2023-
1. Trading View-
#TradingView is a top pick for novice traders due to its user-friendly design and powerful charting tools. Accessible on various devices, from desktops to smartphones, it accommodates traders on the go. Moreover, its social trading features promote a vibrant community for knowledge sharing.
With seamless integration of brokerage services, TradingView simplifies trade execution right from the platform. Regular updates and a dedication to enhancements make it a go-to option for those in search of an efficient and informed trading journey. Discover the world of trading with ease on TradingView.
2. Charles Schwab
#CharlesSchwab is another solid, user-friendly platform that is easy to navigate. The platform offers a range of investment options, giving you choices beyond stocks.
Charles Schwab boasts low fees, meaning you get to keep more of your earnings. Moreover, it provides useful educational resources, helping novice traders understand the market better, while their customer service is known to be prompt and helpful.
3. TradeStation
Popular among active traders, #TradeStation offers a powerful platform with advanced charting and analysis tools. Accessible for beginners with its educational resources, the platform also offers competitive pricing and features a user-friendly interface.
4. Fidelity
Fidelity’s stock trading platform is celebrated for its reliability and user-friendly design. #Fidelity enables a seamless trading experience and features an array of research tools, making it an overall excellent choice.
5. Interactive Brokers IBKR Pro
For diverse traders seeking an extensive range of assets, Interactive Brokers Pro is another decent option. With low-cost trades and a complete set of research tools, it positions itself as the best trading platform.
We carefully considered features, instructional materials, user interfaces, and general trading suitability before making our choice.5 Best Trading Platforms for Day Trading of October 2023-
1. Trading View-
#TradingView is a top pick for novice traders due to its user-friendly design and powerful charting tools. Accessible on various devices, from desktops to smartphones, it accommodates traders on the go. Moreover, its social trading features promote a vibrant community for knowledge sharing.
With seamless integration of brokerage services, TradingView simplifies trade execution right from the platform. Regular updates and a dedication to enhancements make it a go-to option for those in search of an efficient and informed trading journey. Discover the world of trading with ease on TradingView.
2. Charles Schwab
#CharlesSchwab is another solid, user-friendly platform that is easy to navigate. The platform offers a range of investment options, giving you choices beyond stocks.
Charles Schwab boasts low fees, meaning you get to keep more of your earnings. Moreover, it provides useful educational resources, helping novice traders understand the market better, while their customer service is known to be prompt and helpful.
3. TradeStation
Popular among active traders, #TradeStation offers a powerful platform with advanced charting and analysis tools. Accessible for beginners with its educational resources, the platform also offers competitive pricing and features a user-friendly interface.
4. Fidelity
Fidelity’s stock trading platform is celebrated for its reliability and user-friendly design. #Fidelity enables a seamless trading experience and features an array of research tools, making it an overall excellent choice.
5. Interactive Brokers IBKR Pro
For diverse traders seeking an extensive range of assets, Interactive Brokers Pro is another decent option. With low-cost trades and a complete set of research tools, it positions itself as the best trading platform.
Crypto Hot News:-
SEC acknowledges applications for #BitcoinETF from
#Fidelity
#VanEck
#WisdomTree and
#Invesco
Exciting news for the cryptocurrency community!
$BTC $ETH $BNB
SEC acknowledges applications for #BitcoinETF from
#Fidelity
#VanEck
#WisdomTree and
#Invesco
Exciting news for the cryptocurrency community!
$BTC $ETH $BNB
Update for 29/1/24 #BitcoinETFs Daily Holdings:
Daily Outflows from GBTC Slowing Down 📉
$GBTC outflows have been slowing down steadily over the past week:-
$641M ➡️ -$515M ➡️ -$429M ➡️ -$394M ➡️ -$255M ➡️ Yesterday -$191.70M
This -$191.70 million equals 4,458 Bitcoin sold Yesterday morning - the lowest amount since the ETF launched.
Since the ETF launch:
▪️ GBTC has sold 127,048 #Bitcoin (likely due to their high fees)
▪️ 9 new ETFs have bought ~150,552 $BTC
▪️ Net Bitcoin purchased: ~23,504 BTC
ETF Holdings in Yellow highlight = My estimate 🟨
Waiting for #Grayscale Official Data.
#Blackrock #Fidelity #sui
$BTC $SUI $MATIC
Daily Outflows from GBTC Slowing Down 📉
$GBTC outflows have been slowing down steadily over the past week:-
$641M ➡️ -$515M ➡️ -$429M ➡️ -$394M ➡️ -$255M ➡️ Yesterday -$191.70M
This -$191.70 million equals 4,458 Bitcoin sold Yesterday morning - the lowest amount since the ETF launched.
Since the ETF launch:
▪️ GBTC has sold 127,048 #Bitcoin (likely due to their high fees)
▪️ 9 new ETFs have bought ~150,552 $BTC
▪️ Net Bitcoin purchased: ~23,504 BTC
ETF Holdings in Yellow highlight = My estimate 🟨
Waiting for #Grayscale Official Data.
#Blackrock #Fidelity #sui
$BTC $SUI $MATIC
LIVE
CryptoPatel
--
Bullish
Update for #Bitcoin \Holdings of 🇺🇸 ETFs - 26/1/24
After 12 days of trading, the 9 new spot #BitcoinETFs have purchased an impressive 140,178 BTC worth a whopping ~$6 billion
Meanwhile, #Grayscale has sold 123,939 BTC equal to ~$5.2 billion.
But the ETF inflows are still ahead:
▪️ Total BTC bought by ETFs: 133,780
▪️ Total BTC sold by Grayscale: 116,507
▪️ Net Inflow: 16,239 $BTC
#TrendingTopic #CryptoPatel
$SOL $XRP
After 12 days of trading, the 9 new spot #BitcoinETFs have purchased an impressive 140,178 BTC worth a whopping ~$6 billion
Meanwhile, #Grayscale has sold 123,939 BTC equal to ~$5.2 billion.
But the ETF inflows are still ahead:
▪️ Total BTC bought by ETFs: 133,780
▪️ Total BTC sold by Grayscale: 116,507
▪️ Net Inflow: 16,239 $BTC
#TrendingTopic #CryptoPatel
$SOL $XRP
(lookonchain)
#Grayscale decreased 4,130 $BTC(-$284.3M) and currently holds 405,713 $BTC ($27.93B).
#Fidelity added 6,974 $BTC(+$480.11M) and currently holds 122,952 $BTC($8.46B).
9 ETFs(Including #Grayscale) added 8,179 $BTC(+$563.09M).
#Grayscale decreased 4,130 $BTC(-$284.3M) and currently holds 405,713 $BTC ($27.93B).
#Fidelity added 6,974 $BTC(+$480.11M) and currently holds 122,952 $BTC($8.46B).
9 ETFs(Including #Grayscale) added 8,179 $BTC(+$563.09M).
Franklin Templeton has joined #BlackRock , #Fidelity and others in the heated $ETH #etf race according to a filing with the #SEC . The asset manager has also stated in the document that it will stake a portion of the fund's #ETH to add to its revenue stream.
📈 #BitcoinETF surge as BlackRock's IBIT & Fidelity's FBTC grab 95,295 BTC, crossing a massive $3.90 billion in total assets!
🏆 Leading the pack:
#BlackRock ( $IBIT ) holds 33706 BTC = $1.4 Billion
#Fidelity ( $FBTC ) holds 30384 BTC = $1.25 Billion
📉 Meanwhile, #Grayscale GBTC lost ~3 billion with current Bitcoin holdings at 5,52,077.7 BTC
Source: Bloomberg
#CryptoPatel
$BTC $ETH $SOL
🏆 Leading the pack:
#BlackRock ( $IBIT ) holds 33706 BTC = $1.4 Billion
#Fidelity ( $FBTC ) holds 30384 BTC = $1.25 Billion
📉 Meanwhile, #Grayscale GBTC lost ~3 billion with current Bitcoin holdings at 5,52,077.7 BTC
Source: Bloomberg
#CryptoPatel
$BTC $ETH $SOL
14th Feb, Wednesday’s #BitcoinETF Trading Hits Historic Highs
Top Bitcoin #ETFs by Volume:
1. $IBIT: $721 million
2. $GBTC: $619 million
3. $FBTC: $456 million
4. $ARK: $169 million
Total Volume for the Top Nine ETFs: Approximately $1.5 billion
🟢 All major ETFs experienced increased trading volume compared to the previous day.
🟢 $IBIT surpassed $700 million, while $GBTC exceeded $600 million.
🟢 Despite sending less Bitcoin to Coinbase before the trading session, $GBTC saw a 50% increase in total volume.
🟢 Tomorrow's data will reveal the extent of inflow.
🟢 Anticipating significant inflow, especially hoping for $IBIT to attract over $500 million.
#Grayscale #blackrock #Fidelity
$BTC $ETH $SOL
Top Bitcoin #ETFs by Volume:
1. $IBIT: $721 million
2. $GBTC: $619 million
3. $FBTC: $456 million
4. $ARK: $169 million
Total Volume for the Top Nine ETFs: Approximately $1.5 billion
🟢 All major ETFs experienced increased trading volume compared to the previous day.
🟢 $IBIT surpassed $700 million, while $GBTC exceeded $600 million.
🟢 Despite sending less Bitcoin to Coinbase before the trading session, $GBTC saw a 50% increase in total volume.
🟢 Tomorrow's data will reveal the extent of inflow.
🟢 Anticipating significant inflow, especially hoping for $IBIT to attract over $500 million.
#Grayscale #blackrock #Fidelity
$BTC $ETH $SOL
🔥 #Fidelity says #Bitcoin is the most secure, decentralized, sound digital money compared to any other #digitalasset
Buy #BTC while you still can 👀
Buy #BTC while you still can 👀
