Economist Peter Schiff Sees 'A Silver Lining' As Gold Plummets, While Investors Rush To Snap Up Bitcoin Gains: 'Typically…Silver Would Be Down Twice As Much'
Cryptocurrency vs. Precious Metals: As cryptocurrency prices, particularly Bitcoin, reach record highs, gold and silver prices have declined, prompting Peter Schiff to recommend silver as a more stable investment alternative compared to Bitcoin and gold ETFs.
ETF Performance Comparison: Bitcoin ETFs have significantly outperformed gold and silver ETFs, with notable declines in the latter's values, reflecting a shift in investor interest towards cryptocurrencies amidst market fluctuations.
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US Bitcoin Spot ETF Attracted $532 Million in Net Inflows Yesterday, While Ethereum ETF Gained $61.3 Million.
Bitcoin Net Inflows: Yesterday's net inflows into U.S. Bitcoin spot ETFs totaled $532 million, with significant contributions from BlackRock, Fidelity, and Morgan Stanley.
Ethereum Net Inflows: The net inflows into U.S. Ethereum spot ETFs reached $61.3 million, primarily driven by BlackRock and Fidelity.
BlackRock Contributions: BlackRock's Bitcoin ETF saw an inflow of $335 million, while its Ethereum ETF attracted $54.8 million.
Fidelity's Role: Fidelity's Bitcoin and Ethereum ETFs contributed $184 million and $6.5 million, respectively, to the overall net inflows.
Bitcoin ETF Experienced a Net Inflow of $162.8 Million This Week
Bitcoin ETF Inflows: This week, Bitcoin ETFs experienced a net inflow of $162.8 million, indicating strong investor interest in cryptocurrency investment vehicles.
Major Contributors: The inflows were significantly driven by several key ETFs, including BNY Mellon’s IBIT with $136.6 million, ARK's blockchain ETF with $51.0 million, and Fidelity's BTC ETF with $48.5 million.
BlackRock Transfers 26,273 ETH and 226.677 BTC to Coinbase Prime
BlackRock's Ethereum Investment: BlackRock has deposited a total of 26,273 ETH, valued at approximately $59.89 million, into Coinbase Prime through its Ethereum ETF, ETHA.
BlackRock's Bitcoin Investment: Additionally, BlackRock has deposited 226.677 BTC, worth around $17.54 million, into Coinbase Prime via its Bitcoin ETF, IBIT.
Bitcoin ETF Recorded a $23.5 Million Net Inflow Yesterday, While Ethereum ETF Faced a $23.7 Million Net Outflow.
Bitcoin ETF Net Inflow: The US Bitcoin spot ETF recorded a net inflow of $23.5 million, with significant contributions from IBIT and FBTC, which saw inflows of $19.1 million and $26.6 million, respectively.
Ethereum ETF Outflow: The Ethereum ETF experienced a net outflow of $23.7 million, while ETHA faced a larger outflow of $50.6 million, indicating a shift in investor sentiment.
BlackRock Bitcoin ETF Achieves Six-Month High with $983 Million in Net Inflows This Week
BlackRock Bitcoin ETF Inflow: The BlackRock Bitcoin ETF (IBIT) experienced a significant inflow of $983 million over the past week, marking the highest level in nearly six months.
Market Performance: Bitcoin has demonstrated strong performance recently, with a cumulative gain of nearly 18% in April, driven by the inflow into IBIT and other spot ETFs.
BlackRock Moves 12,080 ETH and 113.342 BTC to Coinbase Prime
BlackRock's Recent Transfers: BlackRock transferred approximately 12,080 ETH to Coinbase Prime, valued at around $27.94 million, via its Ethereum ETF, ETHA.
Bitcoin Transfer Details: Additionally, BlackRock transferred 113.342 BTC to Coinbase Prime, valued at approximately $8.81 million, through its Bitcoin ETF, IBIT.
US Bitcoin Spot ETF Attracted $532 Million in Net Inflows Yesterday, While Ethereum ETF Gained $61.3 Million.
Bitcoin Net Inflows: Yesterday's net inflows into U.S. Bitcoin spot ETFs totaled $532 million, with significant contributions from BlackRock, Fidelity, and Morgan Stanley.
Ethereum Net Inflows: The net inflows into U.S. Ethereum spot ETFs reached $61.3 million, primarily driven by BlackRock and Fidelity.
BlackRock Contributions: BlackRock's Bitcoin ETF saw an inflow of $335 million, while its Ethereum ETF attracted $54.8 million.
Fidelity's Role: Fidelity's Bitcoin and Ethereum ETFs contributed $184 million and $6.5 million, respectively, to the overall net inflows.
Bitcoin ETF Experienced a Net Inflow of $162.8 Million This Week
Bitcoin ETF Inflows: This week, Bitcoin ETFs experienced a net inflow of $162.8 million, indicating strong investor interest in cryptocurrency investment vehicles.
Major Contributors: The inflows were significantly driven by several key ETFs, including BNY Mellon’s IBIT with $136.6 million, ARK's blockchain ETF with $51.0 million, and Fidelity's BTC ETF with $48.5 million.
BlackRock Transfers 26,273 ETH and 226.677 BTC to Coinbase Prime
BlackRock's Ethereum Investment: BlackRock has deposited a total of 26,273 ETH, valued at approximately $59.89 million, into Coinbase Prime through its Ethereum ETF, ETHA.
BlackRock's Bitcoin Investment: Additionally, BlackRock has deposited 226.677 BTC, worth around $17.54 million, into Coinbase Prime via its Bitcoin ETF, IBIT.
Bitcoin ETF Recorded a $23.5 Million Net Inflow Yesterday, While Ethereum ETF Faced a $23.7 Million Net Outflow.
Bitcoin ETF Net Inflow: The US Bitcoin spot ETF recorded a net inflow of $23.5 million, with significant contributions from IBIT and FBTC, which saw inflows of $19.1 million and $26.6 million, respectively.
Ethereum ETF Outflow: The Ethereum ETF experienced a net outflow of $23.7 million, while ETHA faced a larger outflow of $50.6 million, indicating a shift in investor sentiment.
BlackRock Bitcoin ETF Achieves Six-Month High with $983 Million in Net Inflows This Week
BlackRock Bitcoin ETF Inflow: The BlackRock Bitcoin ETF (IBIT) experienced a significant inflow of $983 million over the past week, marking the highest level in nearly six months.
Market Performance: Bitcoin has demonstrated strong performance recently, with a cumulative gain of nearly 18% in April, driven by the inflow into IBIT and other spot ETFs.
BlackRock Moves 12,080 ETH and 113.342 BTC to Coinbase Prime
BlackRock's Recent Transfers: BlackRock transferred approximately 12,080 ETH to Coinbase Prime, valued at around $27.94 million, via its Ethereum ETF, ETHA.
Bitcoin Transfer Details: Additionally, BlackRock transferred 113.342 BTC to Coinbase Prime, valued at approximately $8.81 million, through its Bitcoin ETF, IBIT.
