Latest news with #iSharesBitcoinTrustETF
The Star
3 days ago
- Business
- The Star
Ether-linked stocks jump as crypto coin hits 6-month high
FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high. Shares of BitMine Immersion Technologies, which holds about $1 billion worth of ether, soared 14%. Other ether holding firms Bit Digital and BTCS added 4% and 12.5%, respectively. Ether climbed to $3,675.81, its highest since January 6, and was last up 5% at $3,601.40, outperforming bitcoin, which eased 0.7% to $118,961 after hitting a record high of $123,153 this week. BitMine, where tech billionaire Peter Thiel is the top investor and Fundstrat's Tom Lee serves as chairman of the board, said on Thursday it had accumulated 300,657 ether in just three weeks and aims to acquire about 5% of over ether supply which currently stands at 120.71 million. A number of other companies recently decided to add ether to their balance sheets, following the example of Strategy, the largest corporate holder of bitcoin. Strategy's bitcoin stockpile was acquired at a sharp discount over the years to current price. SharpLink, which has funded its ether treasury through stock sale over the past seven weeks, said it had raised its current $1 billion share sale plan by an additional $5 billion. Its shares rose 5.6%. Ether benefits from increased usage of U.S.-dollar-pegged tokens known as stablecoins. Most stablecoins are issued and transacted on the underlying blockchain Ethereum, driving up demand for ether to pay transaction fees. "The standout proposition of institutional Ethereum accumulation seems to be stablecoin growth which has been further accelerated by the recent success of Circle IPO," said Matthew Dibb, CIO at Astronaut Capital, a Singapore-based crypto asset manager. "Ethereum is by far the biggest beneficiary of stablecoin usage." The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for stablecoins, a watershed moment for the digital asset industry. "Time will tell whether these treasury companies outperform the core ETH ETF, but given the success of (Strategy) in recent years, it won't stop them from trying." BlackRock's iShares Bitcoin Trust ETF has gained 10% so far this month, while the ether equivalent ETF has added nearly 36% in the same period. Among other crypto stocks, stablecoin issuer Circle Internet gained 2.7%, while crypto exchange Coinbase Global added 2% on Friday. (Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)
CNBC
3 days ago
- Business
- CNBC
Bitcoin is expected to rally further. Here's how the pros are investing
Bitcoin had an eventful week. The cryptocurrency surged past the $120,000 threshold for the very first time on Monday as crypto investors anticipated U.S. legislation that could could boost institutional demand. Bitcoin rose over 3% to a record high of $123,153.22 on Monday , but has since lost some steam. It was seen up 1.08% at $119,833.56 at 3:45 a.m. ET on Friday, according to CoinMarketCap . The pullback in prices came after cryptocurrency-related bills were blocked in the U.S. House of Representatives on Tuesday, with 13 Republicans voting with Democrats to block the motion in a 196-223 vote. Bitcoin prices started picking up again late Wednesday after some " no" votes flipped to yesses , and the chamber approved the rules of debate for three crypto bills. Those include a bill to regulate stablecoins , a crypto market structure bill, and a bill prohibiting the U.S. Federal Reserve from issuing its own digital currency. Market watchers CNBC Pro spoke to remain bullish on bitcoin and see potential for the cryptocurrency to climb even further in the rest of the year. "The most notable thing to me is that bitcoin has been closing at over $100,000 for the last two months. I think it is a very clear sign of both retail and institutional interest in this asset," said Gerry O'Shea, head of global market insights at crypto index fund Hashdex. "Bitcoin's sustained strong performance has seen investors looking beyond questions like its volatility to really start asking questions about what's going on with this asset," he added. Bitcoin has surged over 28% since the start of the year, according to data from CoinMarketCap. Gold — a classic safe-haven asset — has risen around 27%, while the broad-based S & P 500 index has added just 7.07% in the same time. Bitcoin-focused ETFs have also gained a lot of interest this year. For instance, the net asset value of BlackRock's iShares Bitcoin Trust ETF has returned 27.69% this year as of July 14 , significantly higher than the 7.31% generated by the investment management firm's iShares Core S & P 500 ETF . "Bitcoin is maturing as an asset. It is now the world's seventh largest asset and second largest commodity behind gold, making it too large to ignore," said Matt Kaufman, senior vice president and head of ETFs at Calamos Investments, citing data from CoinMarketCap. Given its "low correlation with traditional assets," bitcoin acts as a "diversification mechanism," he added. Higher prices O'Shea expects bitcoin prices to hit $140,000 by the end of the year. That represents a nearly 17% surge from current prices. His optimism is fueled by the conversations around regulatory approvals for bitcoin. And bitcoin's role as a store of value has also grown this year following a weakening U.S. dollar as well as the U.S.' high fiscal debt, which remains in the trillions , O'Shea noted. He added that speculation over Jerome Powell's position as chairman of the Federal Reserve — in light of U.S. President Donald Trump's threats to fire him and subsequent denials — has also been "really good" in boosting investments in risk assets such as bitcoin. Looking at these factors collectively makes his $140,000 estimate a "pretty reasonable call," O'Shea said. That, however, is still lower than calls by others who expect it to hit $160,000 or even $210,000 in the next few months . How to invest While bitcoin's blistering rally has piqued investor interest, concerns about the volatility of the digital asset and whether it is headed for a bubble still persist. Calamos' Kaufman notes that the volatility in bitcoin has historically been three to five times that of the S & P 500 index. He estimates that the cryptocurrency's volatility can be as high as 60% a year, remarkably higher than the 13% to 14% for gold. As for returns, bitcoin can fluctuate between gains or losses of around 40%, while that of the S & P 500 benchmark typically hover around 10% to 12%, Kaufman noted. "With high risk comes high reward - that is no different for bitcoin. That's why investors want to be a part of the asset class, but don't necessarily want to be part of the risks," Kaufman added. He suggests investing in bitcoin through ETFs, which offer "protected or risk-managed versions" of an asset that is regulated by an exchange board. Hashdex's O'Shea, likewise, said ETFs are a more stable way of getting exposure to bitcoins than having self-custody of the asset. Both Calamos and Hashdex offer bitcoin-focused ETFs, such as Calamos Bitcoin Structured Alt Protection ETF, Calamos Bitcoin 90 Series Structured Alt Protection ETF, Calamos Bitcoin 80 Series Structured Alt Protection ETF and Hashdex Nasdaq ETF. Calamos' Calamos Bitcoin Structured Alt Protection ETF — which looks to capture upside returns of bitcoin, while protecting against all losses — has returned 1.16% since the start of the year till July 17. Meanwhile, Hasdex's ETF has returned 26.96% so far this year, compared with 27.63% returns of the Nasdaq bitcoin reference price. O'Shea suggested that investors allocate around 1% to 3% of their portfolio to bitcoin for now, with a view to increasing it to around 10% in the next few years.
Yahoo
6 days ago
- Business
- Yahoo
SPY Attracts $1.8B as S 500 Edges Higher on Tariff Hopes
The SPDR S&P 500 ETF Trust (SPY) pulled in $1.8 billion Monday, bringing its assets under management to $641.2 billion, according to data provided by FactSet. The inflows came as the S&P 500 added 0.1% and the Nasdaq Composite rose 0.3% despite President Donald Trump announcing 30% tariffs on the European Union and Mexico over the weekend. The iShares Bitcoin Trust ETF (IBIT) attracted $953.5 million as Bitcoin reached fresh records above $123,000, while the iShares Core MSCI EAFE ETF (IEFA) collected $647.3 million. The iShares Broad USD High Yield Corporate Bond ETF (USHY) gained $371.7 million, and the iShares Core S&P 500 ETF (IVV) pulled in $313.4 million. The Invesco QQQ Trust (QQQ) saw outflows of $1.5 billion, while the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) lost $432.1 million. The Health Care Select Sector SPDR Fund (XLV) experienced outflows of $351.5 million. U.S. equity ETFs attracted $1.4 billion for the day, while U.S. fixed-income ETFs gained $803.9 million. International equity ETFs pulled in $1.1 billion. Overall, ETFs collected $5.3 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 1,777.93 641,229.28 0.28% IBIT iShares Bitcoin Trust ETF 953.52 84,196.73 1.13% IEFA iShares Core MSCI EAFE ETF 647.25 142,694.30 0.45% USHY iShares Broad USD High Yield Corporate Bond ETF 371.73 24,630.90 1.51% IVV iShares Core S&P 500 ETF 313.41 630,958.78 0.05% IWM iShares Russell 2000 ETF 255.10 66,659.08 0.38% SLV iShares Silver Trust 250.41 18,040.07 1.39% AVDV Avantis International Small Cap Value ETF 242.06 10,464.45 2.31% VCSH Vanguard Short-Term Corporate Bond ETF 214.31 34,505.48 0.62% GQGU GQG US Equity ETF 202.11 202.11 100.00% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I -1,524.43 351,838.33 -0.43% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -432.12 28,725.50 -1.50% XLV Health Care Select Sector SPDR Fund -351.48 33,629.54 -1.05% VB Vanguard Small-Cap ETF -338.86 64,405.89 -0.53% VWOB Vanguard Emerging Markets Government Bond ETF -323.90 4,890.68 -6.62% TLT iShares 20+ Year Treasury Bond ETF -291.45 47,077.40 -0.62% DIA SPDR Dow Jones Industrial Average ETF Trust -177.50 38,204.78 -0.46% SMH VanEck Semiconductor ETF -129.40 27,444.53 -0.47% ARKK ARK Innovation ETF -119.32 6,942.24 -1.72% SOXL Direxion Daily Semiconductor Bull 3x Shares -102.18 14,231.11 -0.72% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 2.04 10,229.01 0.02% Asset Allocation 7.97 25,245.31 0.03% Commodities ETFs 492.98 223,765.76 0.22% Currency 1,233.05 171,287.33 0.72% International Equity 1,064.22 1,888,846.27 0.06% International Fixed Income 577.16 306,168.02 0.19% Inverse 100.99 14,181.49 0.71% Leveraged -417.35 145,610.96 -0.29% US Equity 1,387.92 7,215,245.58 0.02% US Fixed Income 803.85 1,702,397.59 0.05% Total: 5,252.83 11,702,977.33 0.04% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Yahoo
10-07-2025
- Business
- Yahoo
What's Inside the SEC's Latest Crypto ETF Guidance
After more than a year of watching crypto ETFs run amok on the playground, regulators have finally shown up with a juice box and some ground rules. The Securities and Exchange Commission rolled out some of its most detailed guidance yet for crypto exchange-traded products last week, zeroing in on risks relating to price volatility, potential hacks and market manipulation. The agency reported finding common misunderstandings in new crypto ETF filings and asked issuers to be much more specific about custody, including how they're protecting private keys and whether they're using cold, warm or hot storage. As assets in Bitcoin funds topped $131 billion last week, the new guidance is a clear signal that it's finally time for crypto funds to put on the training wheels. 'This isn't about slowing down innovation,' said Aisha Hunt, a principal at the law firm Kelley Hunt. 'It's about forcing a shift from boilerplate to substance.' READ ALSO: State Street's PRIV Lands First Daily Inflows in Months and JPMorgan Files to Launch Money Market ETF Interest in crypto ETFs has skyrocketed since the launch of the record-breaking iShares Bitcoin Trust ETF (IBIT) in January of last year. There are now dozens of new fund filings before the SEC, and some funds that track smaller coins, like Solana, are already trading. Along with a 'plain English' overview of the trust, the agency said prospectuses should also include information regarding: Incidental rights, including 'forks, airdrops, or similar events,' that either split the networks or produce more coins for investors. The fact that underlying crypto per share will decline as assets are sold to pay fees and expenses. For investors, it raises the bar for transparency and should help advisors and their clients better understand how new crypto products are operating. For issuers, it can help streamline the approval process. 'It's a wake-up call to rethink disclosure as an ongoing risk management function,' Hunt told ETF Upside. 'The SEC wants issuers to show they actually understand, and can communicate, the unique operational and market risks of crypto assets.' Can I Drive? The SEC's shift from a more oppositional stance under former chairman Gary Gensler to a more accepting framework under Atkins doesn't mean the agency is taking its hands off the wheel, Hunt added. Instead, it may be proof that regulators are beginning to take these products much more seriously. 'If anything, the approval wave created a new urgency to tighten guardrails,' she said. 'The message is clear: Permission doesn't mean passivity.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. 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
Bloomberg
02-07-2025
- Business
- Bloomberg
BlackRock Bitcoin ETF Drives More Revenue Than Its S&P 500 Fund
At the world's biggest asset manager, a Bitcoin exchange-traded fund now generates more revenue than its signature tracker of the S&P 500 Index. The roughly $75 billion iShares Bitcoin Trust ETF (ticker IBIT) has seen a torrent of cash from institutional and retail investors alike, drawing inflows in all but one of the last 18 months. With an expense ratio of 0.25%, the fund brings in an estimated $187.2 million in annual fees, based on back-of-the-envelope math calculated by Bloomberg as of July 1. That slightly edges out the $187.1 million made by BlackRock's iShares Core S&P 500 ETF (IVV), which is nearly nine times larger at around $624 billion in assets, and charges just 0.03%.
