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About SPDR

SpiderDAO is the industry’s first hardware-enabled DAO that bundles multi-layered hardware and software tools on top of the Polkadot.

SpiderDAO (SPDR) is a cryptocurrency launched in 2020. SPDR has a current supply of 1.00Bn with 0 in circulation. The last known price of SPDR is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.spiderdao.io/.

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SPDR Price Statistics
SPDR’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6939
SPDR Market Cap
Market Cap
$0
Fully Diluted Market Cap
$8.53M
SPDR Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SPDR Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
0
Updated Jul 03, 2024 9:21 am
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SPDR
SpiderDAO
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
BlackRock and Fidelity's Bitcoin ETFs Set Record with Over $3 Billion in Assets
BlackRock and Fidelity's Bitcoin ETFs Set Record with Over $3 Billion in Assets
According to CryptoPotato, BlackRock and Fidelity's spot Bitcoin exchange-traded funds (ETFs) have set a new record by amassing more assets in their first month of trading than any other ETF launched in the U.S. in the past 30 years. The development comes amid a new report from earlier this week that showed IBIT was among the top five of the largest ETFs by inflows this year. Bloomberg Intelligence data shows BlackRock's IBIT and Fidelity's FBTC have each managed to gain over $3 billion in assets within the first 17 trading days of their launch, a feat unmatched by any of over 5,500 ETFs listed. A Bloomberg ETF analyst, Eric Balchunas, highlighted this in a February 8 post, stating that IBIT and FBTC are in a “league of their own.” Previously, the record for the highest assets under management (AUM) in the debut month was held by BlackRock’s iShares Climate Conscious & Transition MSCI USA ETF, which launched on June 8, 2023, and gathered $2.2 billion. According to Balchunas, the BlackRock and Fidelity ETF results are even more remarkable since most other such products on the list were “Bring Your Own Assets” (BYOA) ETFs, implying that one investor was responsible for all the ETF’s AUM. In contrast, BlackRock and Fidelity’s ETFs experienced inflows every trading day since their launch, a phenomenon Balchunas described as “literally unprecedented.” Balchunas also noted that the data excluded ETFs that underwent conversions, like Grayscale’s GBTC, and around 100 mutual funds that converted to exchange-traded funds. He also noted the mass outflows from Grayscale’s Bitcoin ETF, which have been a factor for the spot Bitcoin ETF performance. The Bloomberg ETF analyst noted competition since ten spot Bitcoin ETFs launched on the same day. The ARK 21Shares’s spot Bitcoin ETF (ARKB) and Bitwise (BITB) ETFs ranked 20th and 22nd, respectively. IBIT and FBTC have gained an advantage over the Grayscale Bitcoin Trust (GBTC), the largest fund by assets under management, in at least two liquidity metrics, according to JPMorgan. The Hui-Heubel ratio, a proxy for market breadth, is approximately four times lower for BlackRock and Fidelity ETFs than GBTC, indicating greater market breadth for the former, JPMorgan says. Additionally, the deviation of ETF closing prices from their net asset value (NAV) has approached that of the SPDR Gold Shares ETF for BlackRock and Fidelity’s ETFs, implying improved liquidity. In contrast, GBTC’s deviations remain higher, suggesting lower liquidity than BlackRock and Fidelity’s ETFs.
Feb 09, 2024 9:45 pm

Frequently Asked Questions

  • What is the all-time high price of SpiderDAO (SPDR)?

    The all-time high of SPDR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SpiderDAO (SPDR) is 0. The current price of SPDR is down 0% from its all-time high.

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  • How much SpiderDAO (SPDR) is there in circulation?

    As of , there is currently 0 SPDR in circulation. SPDR has a maximum supply of 0.

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  • What is the market cap of SpiderDAO (SPDR)?

    The current market cap of SPDR is 0. It is calculated by multiplying the current supply of SPDR by its real-time market price of 0.

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  • What is the all-time low price of SpiderDAO (SPDR)?

    The all-time low of SPDR was 0 , from which the coin is now up 0%. The all-time low price of SpiderDAO (SPDR) is 0. The current price of SPDR is up 0% from its all-time low.

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  • Is SpiderDAO (SPDR) a good investment?

    SpiderDAO (SPDR) has a market capitalization of $0 and is ranked #6939 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SpiderDAO (SPDR) price trends and patterns to find the best time to purchase SPDR.

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