By Aliyu Pokima Key highlights: Bitcoin ETFs recorded $148.69 million in net outflows on September 30, snapping a nine-day inflow streak Fidelity’s FBTC led withdrawals with $125.6 million, followed by Bitwise’s BITB at $13.6 million and BlackRock’s IBIT at $9.5 million The outflows came after US spot Bitcoin ETFs attracted roughly $3.1 billion over the […]
Tag: ETF
By Michael Adeleke Key highlights: Citigroup increased its Bitcoin price target from $82,000 to $113,000 The bank projected $5 billion in new inflows into Bitcoin-related products over the next 12 months Citi credited the U.S. Treasury’s buyback of bonds as the trigger Bitcoin also posted its strongest third-quarter performance since 2017 Citigroup has lifted its […]
By Aliyu Pokima Key highlights: Bitwise Europe research head André Dragosch expects Bitcoin to continue outperforming stocks as its correlation with the S&P 500 weakens Dragosch says Bitcoin’s growing correlation with gold and declining correlation with equities point to its emergence as an independent macro asset Bitwise’s research shows Bitcoin’s 260-day correlation with the S&P […]