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Spot Bitcoin ETFs Surge to $14.6 Billion in BTC Holdings 43 Days Post-Launch
23.2.2024
It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting...
Matrixport Report: Bitcoin’s Target of $63,000 by March 2024 is Achievable
23.2.2024
Matrixport identified four key catalysts that could propel Bitcoin's Price to $63,000 in March, including the recent approval of spot Bitcoin ETFs, the upcoming halving event, and interest rate cuts.
The post Matrixport Report: Bitcoin’s Target of $63,000 by March 2024 is Achievable appeared...
Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts 1987-Style Crash as BTC Rises to $500K
23.2.2024
Bitcoin proponent Max Keiser has warned of potential government seizure of bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a stark warning about a looming 1987-style crash, while simultaneously predicting that the bitcoin’s price will surge past $500,000....
Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival
22.2.2024
Bitcoin ETFs had their first day of net negative outflows for the month of February on Tuesday – a possible sign that hype around the investment vehicles is starting to die down.
The post Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival appeared first on Cryptonews
ECB Officials' Statement on Bitcoin's Failed Promise and ETFs
22.2.2024
"Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment," two ECB officials wrote in a blog post
Australian Interest in Bitcoin Increases After Spot Bitcoin ETF Approval in the US
21.2.2024
According to a survey conducted by the Independent Reserve, an Australian-based digital currency exchange, Bitcoin sentiment in Australia experienced a 25% boost after spot Bitcoin ETFs received approval from the U.S. Securities and Exchange Commission on January 10.
The post Australian Interest...
When Bitcoin ETFs Are Right for Investors (and When They're Not)
21.2.2024
SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric Ervin, CEO of Onramp Invest
Coinbase CEO: Every Institution Is Now Starting to Hold Crypto
21.2.2024
Coinbase CEO Brian Armstrong says “every institution is now starting to hold crypto,” emphasizing that “the asset class will be a standard part of every diversified portfolio.” Moreover, the executive noted that institutions will eventually be using crypto in other ways...
Australians More Likely to Invest in Spot Bitcoin ETFs After U.S. Approval: Study
20.2.2024
The U.S. approval of spot bitcoin exchange-traded funds (ETFs) appears to have had a significant positive impact on the view Australians hold of both cryptocurrencies and bitcoin
Top 10 Wirehouses will Get Involved in Bitcoin ETFs amid Institutional FOMO: Galaxy Asset Management
20.2.2024
Galaxy Asset Management's global head Steve Kurz expects top wirehouses to increase their involvement in spot Bitcoin (BTC) ETFs within the next year.
The post Top 10 Wirehouses will Get Involved in Bitcoin ETFs amid Institutional FOMO: Galaxy Asset Management appeared first on Cryptonews
Jim Bianco Warns of Potential Risks in Bitcoin Market Due to Spot Bitcoin ETFs
20.2.2024
Jim Bianco has raised concerns over the potential for a new kind of volatility in the bitcoin market, spurred by the dominance of speculative traders in the recently approved spot bitcoin ETFs. This development, he warns, could lead to significant regulatory repercussions for the broader crypto...
Edward Snowden Calls Bitcoin ‘Most Significant Monetary Advance Since the Creation of Coinage’
20.2.2024
Edward Snowden, a privacy advocate and former National Security Agency (NSA) contractor and whistleblower, says bitcoin “is the most significant monetary advance since the creation of coinage.” He views his statement as “unpopular but true.” Edward Snowden’s...
Bitcoin ETF Inflows Doubled to $2.3B Last Week, Fueling BTC’s Rise to $52,000: Fineqia
19.2.2024
Spot Bitcoin ETFs witnessed a substantial influx of approximately $2.3 billion last week, nearly doubling the previous week's inflow of $1.2 billion.
The post Bitcoin ETF Inflows Doubled to $2.3B Last Week, Fueling BTC’s Rise to $52,000: Fineqia appeared first on Cryptonews
Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares
19.2.2024
Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares' head of research James Butterfill said
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
18.2.2024
A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their...
Bitwise Chief Investment Officer Foresees Bitcoin Price Surpassing $80,000 Amid ETF Boom
18.2.2024
The price of Bitcoin (BTC) is expected to soar beyond $80,000 this year thanks to the recent success of exchange-traded funds (ETFs), according to Bitwise Chief Investment Officer Matt Hougan. The approval of Bitcoin ETFs has shattered records and triggered an influx of funds into...
New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock’s IBIT Leads Charge
17.2.2024
In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this...
Bitcoin ETFs Gobble Another $477 Million Despite Rising GBTC Sales
16.2.2024
Bitcoin spot ETFs in the United States absorbed another $477 million in net flows on Thursday, maintaining record growth despite a revival of outflows from the Grayscale Bitcoin Trust (GBTC). Data compiled from BitMEX Research shows that Bitcoin ETFs have absorbed over $400 million of flows...
Ledn Co-Founder Anticipates Future ETFs to Include Bitcoin-Ether Mix
16.2.2024
The traditional structure of Spot Bitcoin ETFs may be reaching its peak. Mauricio Di Bartolomeo, co-founder and Chief Strategy Officer at Ledn, anticipates a shift beyond vanilla ETFs. He expects these to incorporate a wider range of crypto assets within single investment vehicles in the coming...
Bitcoin Price Prediction Rallies as Coinbase Profits Soar, ETFs Drive $1T Market
16.2.2024
Bitcoin price prediction continues to be bullish amid Coinbase Global’s revelation of its first quarterly profit in two years, buoyed by the SEC’s approval of Bitcoin ETFs, underscores a significant moment for the cryptocurrency market. This development, alongside a 57% surge...