The post Bitcoin: How BTC’s $80K stayed intact despite $268M ETF outflows appeared on BitcoinEthereumNews.com.
The Spot Bitcoin [BTC] Exchange Traded Funds (ETFs) had a great start to the month of May. On the 1st of May, BTC ETFs recorded inflows worth $629.8 million, wherein BlackRock’s IBIT recorded inflows worth $284.4 million. Following the trail was Fidelity’s FBTC, which recorded inflows worth $213.4 million. Interestingly, while many asset managers saw zero flows, Morgan Stanley’s MSBT, which is fairly new to the game, recorded inflows worth $4.5 million. Going forward, almost similar patterns were seen on the 4th and 5th of May. Bitcoin ETFs flipped from inflows to outflows On the 6th of May, ETF inflows fell as cumulative inflows reached $46.2 million, driven by IBIT’s $134.6 million. However, heavy outflows from FBTC, Bitwise’s BITB, Franklin Templeton’s EZBC, and Grayscale’s GBTC offset most of the gains, leaving net inflows minimal. Source: Farside Investors The actual pl
Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and Robinhood in a pilot set to reach 8.6 million users. Morgan Stanley has launched ETrade crypto trading at a flat 0.5% fee, below Coinbase and Schwab. The…
Acting Labor Secretary Sandlin’s push for earlier Fed cuts clashes with a cautious central bank, leaving crypto trading a “higher for longer” regime even as the political drumbeat for easing grows louder. Nagel, who heads Germany’s Bundesbank and sits on…
Morgan Stanley's $269M Spot Bitcoin ETF Bet Explained
The post Morgan Stanley’s $269M Spot Bitcoin ETF Bet: Why Wall Street is Buying Even if Your Advisor Isn’t appeared first on 99Bitcoins.
Insider Brief PRESS RELEASE — Wealth.com, the AI-powered platform modernizing how wealth management firms deliver estate and tax planning, announced it has raised $65 million in an oversubscribed Series B round. New investors included Titanium Ventures, Pruven Capital, The K Fund and Dynasty Financial Partners, with participation from existing investors including Charles Schwab (“Schwab”), GV (Google Ventures), […]
