Latest news with #NateGeraci
Crypto Insight
12-07-2025
- Business
- Crypto Insight
US Bitcoin ETFs record first back-to-back $1B inflows
US-based spot Bitcoin ETFs recorded over $1 billion in inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they've seen two back-to-back days with ten-digit inflows. On Friday, the 11 spot Bitcoin ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, according to Farside data. $2.72 billion flowed into Bitcoin ETFs across the ATH week NovaDius Wealth Management president Nate Geraci said in an X post that since the January 2024 launch, there have been only seven inflow days exceeding $1 billion, two of which occurred in the past two days. Before that, the last was on Jan. 17, with $1.07 billion. The $1.17 billion inflow on Thursday was their second-largest daily inflow since inception, behind only the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election. Bitwise Invest chief investment officer Matt Hougan said in a Friday post that while the Bitcoin network produced about 450 Bitcoins on Thursday, spot Bitcoin ETFs bought around 10,000. Similarly, Jan3 pointed out that on Wednesday, Bitcoin ETF demand was '22x greater' than the daily mined supply. Jan3 CEO Samson Mow said, 'This demand is not sustainable at these price levels.' It was a strong trading week for spot Bitcoin ETFs, with $2.72 billion in inflows over five days, as Bitcoin's spot price hit fresh all-time highs of $112,000 on Wednesday and continued climbing to reach $118,780 on Friday, according to CoinMarketCap data. BlackRock's Bitcoin ETF becomes fastest ETF to cross $80 billion in AUM The price surge led to BlackRock's spot Bitcoin ETF (IBIT) crossing $80 billion in assets under management (AUM) on Thursday. ETF analyst Eric Balchunas said in a post on Friday that it was the 'fastest ETF' to ever do that in 374 days. It was recently reported that BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF, on an annual basis. Balchunas added, 'Total assets for all the spot Bitcoin ETFs crossed $140b for the first time as well.' However, he said that the price surge did 'most of the heavy lifting here.' Source:
Yahoo
08-07-2025
- Business
- Yahoo
BlackRock iShares Bitcoin ETF Surges Past 700K BTC in Record-Breaking Run
BlackRock's iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks. The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC's 203,000 BTC and Grayscale GBTC's 184,000 BTC. 'New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,' Nate Geraci, president of The ETF Store, commented in a post on X. The U.S. spot bitcoin exchange-traded funds (ETFs) debuted in January 2024 and have become the most successful ETF introductions of all time. Since inception, they have attracted $50 billion in net inflows. IBIT is now the third highest revenue-generating ETF for BlackRock across all its ETF products. Senior Bloomberg ETF analyst Eric Balchunas noted that BlackRock operates a total of 1,197 funds. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
BlackRock XRP ETF Coming? Expert Says SEC Case Resolution 'Clears Way'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BlackRock (NYSE:BLK) could change its position on not pursuing a cryptocurrency exchange-traded fund outside Bitcoin and Ethereum if the Securities and Exchange Commission case against Ripple is concluded, according to ETF Store President Nate Geraci. 'Closed chapter on this [the SEC case against Ripple] clears way for spot XRP ETF,' Geraci said Saturday on X, adding, 'Also clears way for BlackRock to jump in.' Geraci's remarks came after Ripple CEO Brad Garlinghouse said that the firm was dropping its cross-appeal in the SEC case, anticipating that the regulator would also drop its appeal in a move that would put the long-running legal drama to bed. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they've previously said,' Garlinghouse said. 'We're closing this chapter once and for all, and focusing on what's most important – building the Internet of Value. Lock in.' The SEC sued Ripple in 2020, alleging that the firm's sales of XRP to raise funds represented an unregistered securities offering and sale. In 2023, a federal judge ruled in favor of the SEC on Ripple's direct XRP sales to institutions but maintained that the firm's secondary market XRP sales to retail investors did not violate securities laws. The judge slapped Ripple with a $125 million fine and an injunction against future institutional sales. The SEC appealed the judge's ruling in hopes of also getting Ripple on the hook for secondary market sales. However, the agency has since changed its tune in line with the pro-cryptocurrency pivot that has come with the Trump administration. The agency submitted a joint filing with Ripple to get the judge to reduce the $125 million fine to $50 million and overturn the injunction on direct sales to institutions. The judge denied this proposal last week. Trending: New to crypto? on Coinbase. While BlackRock has yet to throw its hat in the ring to launch a spot XRP ETF, at least seven applications from issuers like Bitwise, Canary Capital, Franklin Templeton and Grayscale are sitting on the regulator's desk, according to Bloomberg Senior ETF Analyst James Seyffart. Seyffart and fellow Bloomberg ETF Analyst Eric Balchunas in June placed the odds of the SEC approving these applications at 85%. At last look, these odds are at 80% on the betting site Polymarket, down from 98.2% on June 3. Seyffart said in May that approvals were unlikely to come before their deadline in October. 'The SEC *typically* takes the full time to respond to a 19b-4 filing,' he said at the time, adding that an early decision would be 'out of the norm.' Digital asset service provider Northstake told DLNews in February that $400 million to $800 million could flow into XRP ETFs in their first week if approved. On the other hand, JPMorgan analysts have estimated that these products could pull between $4 billion and $8 billion in their first year. Read Next: A must-have for all crypto enthusiasts: . Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Image: Shutterstock This article BlackRock XRP ETF Coming? Expert Says SEC Case Resolution 'Clears Way' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
02-07-2025
- Business
- Arabian Post
Bitcoin ETF Fees Eclipse S&P 500 For First Time
BlackRock's iShares Bitcoin Trust has overtaken its flagship S&P 500 ETF, IVV, in annual fee revenue, marking a significant shift in investor interest. IBIT now generates approximately $187.2 million a year, edging ahead of IVV's $187.1 million—remarkable given IBIT's substantially smaller asset base and higher fees. Since launching in January 2024, IBIT has attracted roughly $52 billion in net inflows—nearly 96% of all capital entering U.S. spot Bitcoin ETFs—and now accounts for more than 55% of the category's assets. Its success has propelled assets under management to around $72–75 billion, with the fund achieving the fastest-ever climb to $70 billion in just 341 trading days. The rapid accumulation reflects shifting institutional sentiment. Analysts note that investors are increasingly willing to pay premium fees—IBIT charges 0.25% versus IVV's mere 0.03%—for access to Bitcoin exposure within trusted regulated vehicles. Nate Geraci, president of the ETF Store, said the milestone 'reflects both surging investor demand for Bitcoin and significant fee compression in core equity exposure'. ADVERTISEMENT While fee revenue for IBIT now tops IVV, critics caution that underlying volatility in Bitcoin has diminished, bringing it closer to traditional equity benchmarks. ETF analyst Eric Balchunas noted that IBIT's volatility—once over five times that of equities—has softened significantly, attributing this partly to institutional scale and maturing market dynamics. IBIT is also directing the vast majority of new capital entering spot Bitcoin ETFs. Over the past 15 trading days, U.S. spot Bitcoin ETFs have drawn nearly $5 billion in inflows; IBIT alone captured more than 80% of this flow, including $112 million on the final trading day of June. Its individual inflow streak totalled $3.8 billion before plateauing. Despite its dominance, IBIT has not been immune to market fluctuations. Bitcoin-related ETFs experienced a $342 million outflow in a single day, ending a 15-day positive run. That pause included IBIT seeing no inflows that day, although analysts like Valentin Fournier at BRN Lead Research cautioned it may reflect a temporary cooldown rather than a shift in sentiment. BlackRock's success with IBIT is emblematic of broader trends identified by financial research. According to S&P Global, appetite for digitally‑focused funds remains robust, particularly where institutional frameworks offer clarity and accessibility. The Financial Times highlighted that active ETFs—especially crypto and options‑focused products—are capturing disproportionate fee income relative to passive counterparts, driven by higher demand and pricing flexibility. Regulatory stability since January 2024 has facilitated IBIT's ascent, making it easier for large-scale investors to allocate to cryptocurrency via mainstream platforms. This institutional flow has, in turn, helped reduce price volatility in Bitcoin itself, narrowing the gap with traditional ETFs. Yet questions persist about longevity. IBIT's future depends on sustaining investor interest amid macroeconomic shifts and evolving competition. Emerging Bitcoin ETFs from competitors like Fidelity's FBTC and Ark Invest's ARKB are gaining attention, though they trail IBIT significantly. Institutional scrutiny also remains vigilant, focused on fund liquidity, asset custody, and regulatory compliance. BlackRock is expanding its digital asset strategy beyond the U.S., with plans to introduce a bitcoin ETF in Europe, potentially domiciled in Switzerland, contingent on MiCA framework compliance. BlackRock's benchmark S&P 500 ETF, IVV, retains its massive $600+ billion in assets. Though still the industry cornerstone, its fee income has been outstripped for the first time—by a product founded on the dynamic, historically volatile Bitcoin market. The shift underscores a pivotal moment in ETF evolution, as Bitcoin transitions from niche digital asset to mainstream portfolio inclusion.
Crypto Insight
29-06-2025
- Business
- Crypto Insight
‘All systems go' for Solana staking ETF to launch any moment: Analysts
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). 'Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,' ETF analyst Eric Balchunas said in an X post on Friday. SEC 'comfortable' with the unique ETF structure ETF Store president Nate Geraci said in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as 'the ETF rule.' 'Looks like they're comfortable pushing forward w/ their creative '40 Act structure,' Geraci said. 'Here we go,' he added. He previously said on May 29 that REX Shares had taken 'the regulatory end-around' with this approach. Echoing Geraci's sentiment, ETF analyst James Seyffart said the way that REX Shares structured their Solana staking ETF proposal was 'very rare in the ETF world' as it bypasses the standard 19b-4 filing process that most other crypto ETF providers have used for staking proposals, which are all still awaiting a decision from the SEC. Analysts say the SEC's comments have been addressed Geraci said, 'Looks like they believe comments have been resolved.' 'Crypto ETF summer commences,' he added. Balchunas cited an email screenshot to confirm that REX Shares have addressed the SEC's comments. 'So they are good to launch, it looks like. Wow,' Balchunas added. In a post on the same day, REX Shares said that 'the first-ever staked crypto ETF' in the US is coming soon. Staking in crypto ETFs has been highly anticipated by the industry REX Shares explained that its REX-Osprey SOL and staking ETF is designed to track the performance of Solana while generating yield through onchain staking. 'A new era of yield-generating crypto exposure is here,' REX Shares said. Staking has been a long-awaited feature by many ETF spectators in the industry. On March 20, BlackRock's head of digital assets, Robbie Mitchnick, described the firm's Ether ETF as a 'tremendous success' but acknowledged that the ETF is 'less perfect' without staking. Source:
