On December 12, 2024, the daily net flow of U.S. Bitcoin ETFs reflected a positive trend for most funds, accumulating a total net inflow of 1,583 BTC across various ETFs. Fidelity’s Bitcoin ETF (Ticker: FBTC) led the day with a substantial gain of 1,201 BTC, showcasing strong investor enthusiasm. ARK’s Bitcoin ETF (Ticker: ARKB) also reported a healthy inflow, adding 519 BTC to its holdings.

Other funds that saw net inflows include Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO), which increased by 392 BTC, Bitwise’s Bitcoin ETF (Ticker: BITB) with 120 BTC, and Grayscale’s BTC fund (Ticker: BTC) which modestly grew by 67 BTC. However, not all ETFs experienced gains; Grayscale’s GBTC (Ticker: GBTC) faced a significant net outflow, losing 660 BTC, and VanEck’s (Ticker: HODL) slightly decreased by 56 BTC.

The ETFs managed to maintain their attractiveness to investors with Valkyrie’s (Ticker: BRRR) and Franklin Templeton’s (Ticker: EZBC) holdings remaining stable.

Overall, the collective Bitcoin holdings of these ETFs reached 1,116,963 BTC by the day’s end, indicating a net market value increase of approximately $160.2 million. This day’s trading activity underlines a generally positive sentiment and active participation within the cryptocurrency ETF sector.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitcoin’s cyclical nature has captivated investors for over a decade, and tools like the Realized Cap HODL Waves offer a window into the psychology of the market. As an adaptation of the traditional HODL waves, this indicator provides crucial insights by weighting age bands by the realized price—the cost basis of Bitcoin held in wallets at any given time.

Currently, the six-month-and-below band sits at ~55%, signaling a market with room to grow before reaching overheated levels historically seen around 80%. In this article, we’ll dive into the details of Realized Cap HODL Waves, what they tell us about the market, and how investors can use this tool to better navigate Bitcoin’s…

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BlackRock, the world’s largest asset manager, has recognized Bitcoin’s value in diversified investment portfolios. A recent report suggests that assigning a 1% to 2% portfolio weight to Bitcoin mirrors the risk profile of major tech stocks, offering a balanced approach to risk and return. This endorsement comes as Bitcoin’s prices hit unprecedented highs, driven by increasing institutional interest and significant political support in the U.S.

Amid Bitcoin’s surge, BlackRock has seen substantial inflows into its Bitcoin exchange-traded funds, reaching over $113 billion. The firm highlights the cryptocurrency’s role in enhancing portfolio diversification without excessively increasing risk. Despite its volatility, BlackRock notes that wider adoption could stabilize Bitcoin, potentially making it a less volatile but also less explosively profitable investment.

Looking forward, BlackRock views Bitcoin as a viable component of a multi-asset portfolio, advising that a conservative allocation could benefit investors while mitigating the risk associated with its historical price fluctuations. This strategic inclusion marks a significant step towards mainstream crypto acceptance in the asset management industry.

Bloomberg

AMP Wealth Management, a leading asset manager in Australia, has committed $27 million to Bitcoin, marking it as the first major superannuation fund in the nation to invest in cryptocurrencies. The move was disclosed by the Australian Financial Review, highlighting AMP’s pioneering step into the digital asset space during a period when Bitcoin prices fluctuated between $60,000 and $70,000.

According to Anna Shelley, AMP’s Chief Investment Officer, the investment accounts for a mere 0.05% of the firm’s impressive $57 billion asset portfolio. Shelley describes the venture as part of a strategic diversification aimed at embracing emerging financial technologies. Despite the potential risks associated with digital currencies, AMP views this as a calculated step towards future-proofing its investment strategy.

As the Australian crypto market continues to evolve, regulatory bodies are tightening oversight to ensure better consumer protection. Meanwhile, AMP’s decision to engage with cryptocurrencies reflects a broader acceptance of their relevance in the modern financial landscape, despite other super funds’ hesitation to directly engage with digital currencies.

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El Salvador is setting a new standard in the global digital asset space by signing a collaborative agreement with Argentina to enhance both countries’ digital asset industries. Juan Carlos Reyes, president of El Salvador’s National Commission of Digital Assets, and his Argentine counterpart, Roberto Silva, cemented the partnership which aims to leverage Argentina’s robust blockchain industry and El Salvador’s advanced regulatory experience for mutual benefits, including information sharing and improved regulatory frameworks.

The deal marks the beginning of El Salvador’s broader strategy to foster international cooperation in cryptocurrency regulation. Reyes revealed that discussions are ongoing with over 25 nations to establish similar partnerships, highlighting a proactive approach to embracing digital currency opportunities worldwide. This initiative underscores El Salvador’s role as a pioneer, having adopted Bitcoin as legal tender three years ago, giving it a head start in the digital assets domain.

With plans to finalize more agreements soon, El Salvador is determined to advance crypto adoption and ensure a safer regulatory environment through cross-border collaboration. Reyes emphasized the importance of immediate action to prevent risks associated with delayed regulation, advocating for prompt compliance with international standards to safeguard the burgeoning industry.

Vancouver City Council has approved a motion to explore integrating Bitcoin into its municipal financial operations, including its use as a reserve asset and for payment of services. The proposal, championed by Mayor Ken Sim, passed with six councilors in favor during Wednesday’s meeting.

Sim, a Bitcoin advocate and Coinbase shareholder, highlighted Bitcoin’s potential to hedge against inflation. To demonstrate his support, Sim announced a $10,000 Bitcoin donation to the city. “We totally believe in the benefits of this and we’re putting our money where our mouth is,” he said.

City staff will analyze the feasibility and deliver a report by Q1 2025, considering financial, regulatory, and operational risks. This decision aligns with growing global interest in Bitcoin adoption, following similar discussions in jurisdictions like Switzerland and amid increasing support from political leaders, including U.S. President-elect Donald Trump.

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