• Latest
  • Trending
Bitcoin ETF Demands Cool Even as Filing Spree Sees a Spike

Bitcoin ETF Demands Cool Even as Filing Spree Sees a Spike

August 12, 2021
Bitcoin price analysis

Bitcoin (BTC) breaks its long-term support of $18K; What’s next?

November 11, 2022
Banxso: The Ultimate Trading Platform for Forex and Stocks

Banxso: The Ultimate Trading Platform for Forex and Stocks

August 4, 2022
Tips for Choosing Good Crypto Sports Betting Site

Tips for Choosing Good Crypto Sports Betting Site

April 12, 2022
Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro

Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro

December 28, 2021
Bitcoin Reaches New Technical Support on Weekly Trading Chart

Bitcoin Reaches New Technical Support on Weekly Trading Chart

December 21, 2021
New Farm and Pool to Earn $KAI Will Be Live Soon on Apeswap

New Farm and Pool to Earn $KAI Will Be Live Soon on Apeswap

December 14, 2021
Nexo and Fidelity Digital Assets Enter a Partnership

Nexo and Fidelity Digital Assets Enter a Partnership

December 8, 2021
Borderless Capital Announces $500 Million Fund

Borderless Capital Announces $500 Million Fund

December 1, 2021
Mexico’s Third-Richest Billionaire Suggests Buying Bitcoin

Mexico’s Third-Richest Billionaire Suggests Buying Bitcoin

November 26, 2021
  • About Us
  • Advertise
  • Editorial Policy
  • Terms And Conditions
  • Privacy Policy
  • Team
Saturday, February 4, 2023
  • Login
BitcoinNews.Digital
  • Latest News
  • Bitcoin Insights
  • Security
  • Charts
  • Become A Contributor
No Result
View All Result
  • Latest News
  • Bitcoin Insights
  • Security
  • Charts
  • Become A Contributor
No Result
View All Result
BitcoinNews.Digital
No Result
View All Result

Bitcoin ETF Demands Cool Even as Filing Spree Sees a Spike

Jae Sweeney by Jae Sweeney
August 12, 2021
in Bitcoin News
Bitcoin ETF Demands Cool Even as Filing Spree Sees a Spike

According to the latest figures released by the investment firms dealing in digital assets including Bitwise and 21Shares, the outflow related to the category investment continues to remain unabated for the fifth week in a row. It is important to know that this is the longest streak of outflows that the market has witnessed since January 2018. The commutative outflow value is pegged to be around $93 million, according to the report of the asset manager privy to the development. 

This number stands in stark contrast to an increasing number of ETF filings associated with digital assets. Out of the total applications received by the US Securities and Exchange Commission (SEC), 18 have been filed this year only. In the last two weeks, three more applications have been added to this number after the positive comment of Gary Gensler, the head of the SEC.

Gensler said that the exchange could become open to the idea of Bitcoin ETF in case the fund is based on the future rather than the digital coin itself. However, even after this positive statement, cryptocurrency experts are skeptical about the prospects of Bitcoin ETFs coming into demand again. As there are already a number of instruments through which exposure to Bitcoin and cryptocurrency can be taken in a more tax-friendly manner, this skepticism has some substance to it. 

The outflow of the funds would have been much bigger if the largest cryptocurrency fund (GBTC) had allowed investors to redeem their shares. At the same time, not everybody is predicting doom and gloom for the market. The performance of Bitcoin funds will ultimately be shaped by the way the coin performs in the coming times. This means in case of a rebound in Bitcoin prices, the demand for digital assets can see a positive trend once again. That being said, it’s anybody’s guess to predict when and how this kind of scenario arises in the future.

Previous Post

JPMorgan Clients Can Use an in-house BTC Fund

Next Post

People’s Bank Of China Issues Crackdown On Illegal Coin Trading In Shenzhen

Jae Sweeney

Jae Sweeney

Jae Sweeney got into Bitcoin era while completing his Masters degree. He is expert in writing the crypto related articles and making it as breaking news.He is always updated towards the Bitcoin News.

Related Posts

Bitcoin price analysis
Bitcoin News

Bitcoin (BTC) breaks its long-term support of $18K; What’s next?

November 11, 2022
Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro
Bitcoin News

Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro

December 28, 2021
Bitcoin Reaches New Technical Support on Weekly Trading Chart
Bitcoin News

Bitcoin Reaches New Technical Support on Weekly Trading Chart

December 21, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Bitcoin price analysis

Bitcoin (BTC) breaks its long-term support of $18K; What’s next?

November 11, 2022
Banxso: The Ultimate Trading Platform for Forex and Stocks

Banxso: The Ultimate Trading Platform for Forex and Stocks

August 4, 2022
Tips for Choosing Good Crypto Sports Betting Site

Tips for Choosing Good Crypto Sports Betting Site

April 12, 2022
Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro

Bitcoin Surges to $51,000 as the Dollar Shows Its Strength Against Euro

December 28, 2021
Bitcoin Reaches New Technical Support on Weekly Trading Chart

Bitcoin Reaches New Technical Support on Weekly Trading Chart

December 21, 2021


BitcoinNews.Digital cover top stories and real-time updates from the latest Bitcoin insights to in-depth news articles for major altcoins. Follow BitcoinNews.Digital to stay updated in the world of
cryptocurrencies.

Address: 3280 Peachtree Road NE, Atlanta, GA 30305.

Email: jae@bitcoinnews.digital

Quick Links

  • About Us
  • Advertise
  • Editorial Policy
  • Terms And Conditions
  • Privacy Policy
  • Team

Categories

  • Bitcoin News (33)
  • Cryptocurrency (13)
  • PR (1)

Featured Posts

  • All
  • Bitcoin News
New Farm and Pool to Earn $KAI Will Be Live Soon on Apeswap
Cryptocurrency

New Farm and Pool to Earn $KAI Will Be Live Soon on Apeswap

by Judson Flaherty
December 14, 2021
  • Latest News
  • Bitcoin Insights
  • Security
  • Charts
  • Become A Contributor

Copyright © 2023. BitcoinNews.Digital. All Rights Reserved.

No Result
View All Result
  • Latest News
  • Bitcoin Insights
  • Security
  • Charts
  • Become A Contributor

Copyright © 2023. BitcoinNews.Digital. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In