James Butterfill
Coverage of James Butterfill in the Nexus archive.
- Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets
Morgan Stanley's Bitcoin ETF has accumulated nearly $400 million in assets since its April launch, making it one of the most successful funds of 2023. The NYSE Arca-listed product, the first by a bank, has attracted over $391 million in assets and received $15.7 million in new investments this week alone.
- Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do?
Bitcoin ETFs have attracted nearly $1 billion in new investments over six days, with BlackRock, Morgan Stanley, and Grayscale leading the inflows. Despite a 1% seven-day price gain for Bitcoin, analysts warn of macroeconomic headwinds like the US-Iran conflict and inflation, which could limit upside potential. CoinShares and NYDIG suggest Bitcoin may face further declines, with a potential cycle low near $38k-$39k.
- Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report
Bitcoin's price has shown recent fluctuations, with a brief seven-day high of $65,501 following softer-than-expected U.S. inflation data, but CoinShares reports caution due to macroeconomic headwinds like U.S.-Iran tensions and rising oil prices. While investor inflows into crypto exchange-traded products signal shifting sentiment, the report highlights limited upside potential and a 'worst run on record' with $8 billion withdrawn from crypto funds earlier this year.