Grayscale’s ETF witnessed an outflow of $579 million, respectively.
Bitcoin dropped about 10 percent from its peak after the ETF launch.
Bitcoin ETF
Bitcoin experienced a substantial correction following the approval and listing of the much-hyped 11 spot Bitcoin exchange-traded funds (ETFs) in the United States. At one point on Friday, the cryptocurrency's value decreased by approximately 10 percent, falling from the previous day's peak of $49,000 to below $42,000. However, it has since rebounded and is currently trading at around $42,700 at the time of writing.
Disappointing Demand for Bitcoin ETFs
Why did the market go in the other direction despite the massive anticipation for Bitcoin ETFs? Even experts previously anticipated that the ETFs would ease the entry barrier for retail and institutional investors to get crypto exposure directly from their brokerage accounts.
Price movement of Bitcoin, Source: Coinmarketcap.com
Although it has been only two days since the 11 Bitcoin ETFs have traded on the US exchanges, the numbers have been disappointing.
The ten newly listed Bitcoin ETFs attracted only $1.4 billion in new funds within two days. Despite the anticipation surrounding their launch, none of the recently introduced Bitcoin ETFs achieved top rankings among US ETFs based on their initial success.
Along with the poor inflows, Grayscale’s Bitcoin ETF, which was converted from the Grayscale Bitcoin Trust, witnessed an outflow of $579 million, and the previously existing BITO futures ETF endured $151 million in outflows. Considering these figures, the two-day net inflows in the Bitcoin ETFs are only $652 million, while the net spot Bitcoin ETF inflows was at $819 million.
The Hype Could Not Pump New Monies
Although the industry created the hype around the US Bitcoin ETFs, such instruments were already available in several other countries. However, the capital market size of those countries is not comparable to that of the US.
Canada launched the Purpose Investments Bitcoin ETF in February 2021, and within the first two days of trading, the Canadian Bitcoin ETF accumulated assets under management (AUM) totaling $421 million. Meanwhile, the Bitcoin ETFs launched by the two financial giants, BlackRock and Fidelity, currently boast AUMs of $498 million and $422 million, respectively.
Interestingly, the Canadian Bitcoin ETF charges 1.5 percent in fees, while the US one is taking an economical approach, with the lowest fees being 0.2 percent (excluding conditional fee waivers).
After the two performances of the US Bitcoin ETFs, the long-term predictions of the inflows appeared to be long-shots. Bloomberg predicted a $4 billion inflow on the first day and $50 billion by the year's end, while analysts at Standard Chartered were more bullish, eying $100 million by the end of 2024.
Meanwhile, the stock price of the largest US Bitcoin exchange, Coinbase, is plunging about 30 percent from December’s peak. On last Friday’s trading session alone, Coinbase stock declined 7.35 percent, shedding one more percent-point in after-hours trading.
Bitcoin experienced a substantial correction following the approval and listing of the much-hyped 11 spot Bitcoin exchange-traded funds (ETFs) in the United States. At one point on Friday, the cryptocurrency's value decreased by approximately 10 percent, falling from the previous day's peak of $49,000 to below $42,000. However, it has since rebounded and is currently trading at around $42,700 at the time of writing.
Disappointing Demand for Bitcoin ETFs
Why did the market go in the other direction despite the massive anticipation for Bitcoin ETFs? Even experts previously anticipated that the ETFs would ease the entry barrier for retail and institutional investors to get crypto exposure directly from their brokerage accounts.
Price movement of Bitcoin, Source: Coinmarketcap.com
Although it has been only two days since the 11 Bitcoin ETFs have traded on the US exchanges, the numbers have been disappointing.
The ten newly listed Bitcoin ETFs attracted only $1.4 billion in new funds within two days. Despite the anticipation surrounding their launch, none of the recently introduced Bitcoin ETFs achieved top rankings among US ETFs based on their initial success.
Along with the poor inflows, Grayscale’s Bitcoin ETF, which was converted from the Grayscale Bitcoin Trust, witnessed an outflow of $579 million, and the previously existing BITO futures ETF endured $151 million in outflows. Considering these figures, the two-day net inflows in the Bitcoin ETFs are only $652 million, while the net spot Bitcoin ETF inflows was at $819 million.
The Hype Could Not Pump New Monies
Although the industry created the hype around the US Bitcoin ETFs, such instruments were already available in several other countries. However, the capital market size of those countries is not comparable to that of the US.
Canada launched the Purpose Investments Bitcoin ETF in February 2021, and within the first two days of trading, the Canadian Bitcoin ETF accumulated assets under management (AUM) totaling $421 million. Meanwhile, the Bitcoin ETFs launched by the two financial giants, BlackRock and Fidelity, currently boast AUMs of $498 million and $422 million, respectively.
Interestingly, the Canadian Bitcoin ETF charges 1.5 percent in fees, while the US one is taking an economical approach, with the lowest fees being 0.2 percent (excluding conditional fee waivers).
After the two performances of the US Bitcoin ETFs, the long-term predictions of the inflows appeared to be long-shots. Bloomberg predicted a $4 billion inflow on the first day and $50 billion by the year's end, while analysts at Standard Chartered were more bullish, eying $100 million by the end of 2024.
Meanwhile, the stock price of the largest US Bitcoin exchange, Coinbase, is plunging about 30 percent from December’s peak. On last Friday’s trading session alone, Coinbase stock declined 7.35 percent, shedding one more percent-point in after-hours trading.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
