Is it the Right Time to Invest in Bitcoin ETF? Monthly Report Suggests.
Cryptocurrency enthusiasts and investors are buzzing with excitement following the recent approval from the US Securities and Exchange Commission (SEC) for approximately 11 Bitcoin Spot ETFs. Key players in the industry, such as BlockRock, Fidelity, and Invesco, have entered the market, resulting in evolving market dynamics.
In this comprehensive report, we will provide an in-depth analysis of the performance of Bitcoin ETFs this month, utilizing top-notch data sources. Our analysis will not only focus on spot ETFs but will also extend to Bitcoin Futures ETFs. Join us as we explore the trends in performance, offering a detailed look at the current state of Bitcoin ETFs in the market.
The purpose of this monthly report is to provide a clear and straightforward understanding of the latest developments in the world of Bitcoin Exchange-Traded Funds.
1. In-Depth Analysis of Bitcoin Futures ETFs
The landscape of Bitcoin Futures ETFs is rapidly evolving, with prominent players such as ProShares Bitcoin Strategy ETF, VanEck Bitcoin Strategy ETF, Valkyrie Bitcoin and Ether Strategy ETF, Global X Blockchain & Bitcoin Strategy ETF, and Ark/21 Shares leading the way in terms of Assets Under Management (AUM) at the time of writing.
The ProShares Bitcoin Strategy ETF dominates the Bitcoin futures scene, boasting an impressive $2.28 billion in Assets Under Management (AUM). It is followed by VanEck Bitcoin Strategy ETF with $58.30 million, Valkyrie Bitcoin and Ether Strategy ETF with $38.20 million, Global X Blockchain & Bitcoin Strategy ETF with $26.10 million, and ARK/21 Shares with $8.01 million AUM.
Let’s dive deep into the analysis of these top players using various parameters.
1.1. Bitcoin Futures ETF: A Basic Data Overview
– ProShares Bitcoin Strategy ETF:
– Price: $19.39
– Volume: 26,299,600
– 1 Month Average Volume: 28,165,564
– AUM: $2.28 billion
– Shares: 93.3 million
– VanEck Bitcoin Strategy ETF:
– Price: $36.79
– Volume: 51,400
– 1 Month Average Volume: 51,295
– AUM: $58.30 million
– Shares: 1.3 million
– Valkyrie Bitcoin and Ether Strategy ETF:
– Price: $13.13
– Volume: 117,400
– 1 Month Average Volume: 141,276
– AUM: $38.20 million
– Shares: 2.8 million
– Global X Blockchain & Bitcoin Strategy ETF:
– Price: $43.88
– Volume: 3,400
– 1 Month Average Volume: 17,100
– AUM: $26.10 million
– Shares: 0.3 million
– Ark/21 Shares:
– Price: $39.66
– Volume: 7,400
– 1 Month Average Volume: 33,200
– AUM: $8.01 million
– Shares: 0.3 million
1.2. Bitcoin Futures ETF Monthly Average Volume Analysis
Among the top five Bitcoin Futures ETFs with high AUM, the ProShares Bitcoin Strategy ETF leads with a robust 1-month average volume of 28,165,564. It is followed by Valkyrie Bitcoin and Ether Strategy ETF (141,276), VanEck Bitcoin Strategy ETF (51,295), Ark/21 Shares (33,200), and Global X Blockchain & Bitcoin Strategy ETF (17,100). Higher average volumes indicate increased market activity and reflect strong investor interest in these ETFs.
1.3. Bitcoin Futures ETF Expense Ratio Analysis
Examining the expense ratios of the top Bitcoin Futures ETFs by AUM reveals varied cost structures. Valkyrie Bitcoin and Ether Strategy ETF has the highest expense ratio at 1.20%, which could potentially impact investor returns. On the other hand, Global X Blockchain & Bitcoin Strategy ETF boasts a competitive 0.65% ratio. Considering these expense ratios alongside performance metrics can help investors develop cost-efficient investment strategies.
1.4. Bitcoin Futures ETF Performance Analysis
Recent performance highlights disparities among the top Bitcoin Futures ETFs by AUM. Valkyrie Bitcoin and Ether Strategy ETF outshines others with a positive 1-month return of +5.34%, suggesting relative strength in its underlying assets. Conversely, Global X Blockchain & Bitcoin Strategy ETF faces a notable -11.38% return, indicating a period of underperformance. Investors should evaluate these returns in conjunction with other metrics for a comprehensive assessment.
1.5. Bitcoin Futures ETF One Month Net Fund Flow Analysis
Diverse investor activity in the top Bitcoin Futures ETFs unfolds as we scrutinize the One-Month Net Fund Flow. ProShares Bitcoin Strategy ETF spearheads with a substantial inflow of +352.37 million, reflecting robust investor interest. Valkyrie Bitcoin and Ether Strategy ETF and Ark/21 Shares also experienced positive flows at +3.59 million and +6.44 million, respectively. However, VanEck Bitcoin Strategy ETF and Global X Blockchain & Bitcoin Strategy ETF faced negative flows of -17.75 million and -2.75 million, respectively. This analysis is pivotal in measuring investor sentiment and fund popularity. Positive flows suggest strong interest, while negative flows may indicate potential concerns or shifts in market sentiment.
1.6. Bitcoin Futures ETF Technical Analysis
Analyzing the technical indicators for the top five Bitcoin Futures ETFs by AUM reveals insightful trends.
– ProShares Bitcoin Strategy ETF:
– Price: $19.39
– RSI (30 Days): 52
– 20 Day Moving Average: $21.30
– MACD (15 Days): -1.22
– Williams % Range (20 Days): 85.49
– VanEck Bitcoin Strategy ETF:
– Price: $36.79
– RSI (30 Days): 52
– 20 Day Moving Average: $39.91
– MACD (15 Days): -2.04
– Williams % Range (20 Days): 88.01
– Valkyrie Bitcoin and Ether Strategy ETF:
– Price: $13.13
– RSI (30 Days): 55
– 20 Day Moving Average: $13.85
– MACD (15 Days): -0.19
– Williams % Range (20 Days): 72.20
– Global X Blockchain & Bitcoin Strategy ETF:
– Price: $43.88
– RSI (30 Days): 49
– 20 Day Moving Average: $52.69
– MACD (15 Days): -7.25
– Williams % Range (20 Days): 90.58
– Ark/21 Shares:
– Price: $39.66
– RSI (30 Days): 54
– 20 Day Moving Average: $43.58
– MACD (15 Days): -2.43
– Williams % Range (20 Days): 85.33
Analyzing the technical indicators for the top five Bitcoin Futures ETFs by AUM reveals insightful trends. Each ETF has different technical signals, indicating the potential direction of their performance.
2. In-Depth Analysis of Bitcoin Spot ETFs
At the time of writing this report, the top players in the Bitcoin Spot ETF market, based on Assets Under Management, are Grayscale Bitcoin Trust, iShare Bitcoin Trust, Wise Origin Bitcoin Trust by Fidelity, Bitwise Bitcoin ETP, and Ark/21 Shares Bitcoin Trust.
Grayscale Bitcoin Trust leads Bitcoin spot ETFs with a substantial $22.94 billion in Assets Under Management (AUM). Following behind are iShare Bitcoin Trust at $1.40 billion, Wise Origin Bitcoin Trust by Fidelity with $1.26 billion, Bitwise Bitcoin ETP at $425.40 million, and Ark/21 Shares Bitcoin Trust at $379.60 million AUM.
2.1. Bitcoin Spot ETF: A Basic Data Overview
– Grayscale Bitcoin Trust:
– Price: $35.82
– Volume: 30,142,100
– AUM: $22.94 billion
– Shares: 634.2 million
– iShare Bitcoin Trust:
– Price: $22.95
– Volume: 17,222,000
– AUM: $1.40 billion
– Shares: 50.2 million
– Wise Origin Bitcoin Trust by Fidelity:
– Price: $35.18
– Volume: 11,640,300
– AUM: $1.26 billion
– Shares: 28.4 million
– Bitwise Bitcoin ETP:
– Price: $21.97
– Volume: 2,279,900
– AUM: $425.40 million
– Shares: 16.1 million
– Ark/21 Shares Bitcoin Trust:
– Price: $40.21
– Volume: 3,238,200
– AUM: $379.60 million
– Shares: 7.6 million
2.2. Bitcoin Spot ETF Average Volume Analysis
Examining the 10-day Average Volume of prominent Bitcoin Spot ETFs reveals Grayscale Bitcoin Trust leading with 18.17 million, indicating robust market activity. iShare follows with 9.58 million, while Wise Origin Bitcoin Trust by Fidelity, Bitwise Bitcoin ETP, and Ark/21 Shares Bitcoin Trust report 6.26 million, 1.63 million, and 1.51 million, respectively. Higher average volumes generally signify increased liquidity and investor interest. Investors seeking active markets may find Grayscale Bitcoin Trust and iShare more favorable due to their higher volumes, allowing for smoother transactions.
2.3. Bitcoin Spot ETF Expense Ratio Analysis
Among the top Bitcoin Spot ETFs by AUM, Grayscale Bitcoin Trust charges the highest fee at 1.50%, followed by iShare and Wise Origin Bitcoin Trust by Fidelity, both with a 0.25% fee. Bitwise Bitcoin ETP offers a relatively lower fee of 0.20%, making it an attractive option for cost-conscious investors.
It is important to consider the fee structure to optimize investment returns.
2.4. Bitcoin Spot ETF Performance Analysis
Analyzing the One-Month Return of top Bitcoin Spot ETFs by AUM reveals varied performance. Grayscale Bitcoin Trust led with a positive return of +7.15%, showcasing strength. However, iShare, Wise Origin Bitcoin Trust, Bitwise Bitcoin ETP, and Ark/21 Shares Bitcoin Trust experienced negative returns of -10.63%, -10.74%, -11.00%, and -10.76%, respectively. The negative trend may be attributed to market fluctuations. Diversification and risk management remain crucial in navigating the volatility associated with ETF investments.
2.5. Bitcoin Spot ETF Net Fund Flow Analysis
Analyzing One-Month Net Fund Flow among top Bitcoin Spot ETFs reveals dynamic investor activity. Grayscale Bitcoin Trust experienced the largest outflow at -2.12 billion, while iShare, Wise Origin Bitcoin Trust, Bitwise Bitcoin ETF, and Ark/21 Shares reported positive flows of +1.32 billion, +1.29 billion, +369.75 million, and +60.42 million, respectively. The goal of the analysis is to understand investor sentiment, fund popularity, and potential market trends. Positive flows indicate investor confidence, while negative flows may signal concerns or changing preferences.
In conclusion, the world of Bitcoin ETFs is experiencing significant developments, with both Bitcoin Futures ETFs and Bitcoin Spot ETFs gaining traction. It is crucial for investors to thoroughly analyze the performance, volume, expense ratios, and net fund flows of these ETFs to make informed investment decisions.