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Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
25.1.2024
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report
Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation
25.1.2024
Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC...
First Mover Americas: Bitcoin Holds $40K
25.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitwise Leads the Way as First US Bitcoin ETF to Publicly Disclose Wallet Address
25.1.2024
On Wednesday, Jan. 24, 2024, Bitwise, a leading digital asset manager, made a groundbreaking announcement as the first U.S. spot bitcoin exchange-traded fund (ETF) to reveal its bitcoin wallet address. Emphasizing its commitment to transparency, Bitwise stated, “proud to walk the walk with...
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address
24.1.2024
Crypto asset manager Bitwise on Wednesday became the first of the ten spot bitcoin exchange-traded fund (ETF) issuers to share its digital wallet address with the public
Bitwise Sets New Precedent as First U.S. Bitcoin ETF to Reveal BTC Addresses
24.1.2024
Bitwise is leading the way in transparency for U.S. Bitcoin ETFs, revealing the fund’s BTC addresses. Image by ki, Adobe Stock. On January 24, Bitwise Asset Management took a major step toward transparency by releasing the Bitcoin wallet addresses linked to its Bitcoin exchange-traded fund....
GBTC Sees Over 80,000 Bitcoin Leave in 12 Days While Rival ETFs Amass 118,000 BTC
24.1.2024
Statistics reveal that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s total of 536,694.93 bitcoin. Over the last day, the fund experienced an outflow...
“We Squandered a Decade of Opportunities To Do Our Job,” SEC Commisioner Says
24.1.2024
The Commissioner of the United States Securities and Exchange Commission (SEC), Hester Peirce, seemed to express remorse over the federal agency’s handling of spot Bitcoin ETF approvals in a recent interview. Peirce says Ethereum ETF will not follow suit “We squandered a decade...
Do Bitcoin ETFs Kill the Bull Case for Crypto Equities?
24.1.2024
The days of rising crypto prices lifting all boats, including mining stocks, may be gone. But it still looks like being a good year for digital assets, says Alex Tapscott
Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
24.1.2024
Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week
Franklin Templeton Confident in Spot Bitcoin ETF’s Future, Awaits Advisor Familiarity
24.1.2024
The renowned financial services firm Franklin Templeton remains optimistic about the future of its spot Bitcoin ETF despite not yet achieving significant trading volumes compared to industry giants like BlackRock, Fidelity, and Grayscale. While these major players account for about 90% of total...
First Mover Americas: Bitcoin Regains $40K
24.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin ETFs to Likely Divert Users and Trading Volumes Away from CEXs, Says Anthony Bevan
24.1.2024
Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin...
Bitcoin and Ethereum Price Prediction as BTC Dips Below $40,000 and ETH Struggles to Hold $2,200
23.1.2024
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent...
Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?
23.1.2024
Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead
Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst
23.1.2024
The bitcoin ETF catalyst that pushed the ecosystem out of its crypto winter last year will disappoint investors in 2024, the report said
SEC Blames Social Media Account Hack on ‘SIM Swap’ Attack in Fake Bitcoin ETF Post
23.1.2024
The US Securities and Exchange Commission (SEC) has revealed that its social media account on X fell victim to a “SIM swapping” attack in relation to the false post about the approval of Bitcoin exchange-traded funds (ETFs) earlier this month. The incident, which occurred on January...
Bitcoin Price Drops Below $39k as Total Liquidation Reaches $320 Million in 24hrs
23.1.2024
Source: Pixabay Bitcoin (BTC) is facing another wave of volatility falling below the $39,000 mark on Tuesday, a 4.33% slump in the past 24 hours. The largest crypto by market cap is currently trading at $38,955 at press time. Bitcoin price has dropped slightly over 9% in the weekly charts and...
First Mover Americas: Bitcoin Slips Below $39K
23.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Dogecoin Price Prediction as $800 Million Sends DOGE into the Red – Buy the Dip?
23.1.2024
The Dogecoin price has dropped by 6.5% in the past 24 hours, sliding to $0.07726 as the wider crypto market continues to suffer from profit-taking and loss-cutting in the wake of this month’s Bitcoin ETF approvals. DOGE is now down by 18% in the past month, and with the meme token also having...