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Massive increase in US spot Bitcoin ETF outflow
12.6.2024
The American spot Bitcoin exchange-traded funds scored gross outflows of $200 million yesterday. The new development happens when two key economic events from the US are anticipated: the FOMC conference and the consumer price announcement. There has been a remarkable increase in US Spot Bitcoin...
Grayscale Bitcoin ETF witnesses outflow amounting to $121 million
12.6.2024
Grayscale Bitcoin ETF witnesses an outflow of $121 million following a selling exercise of 1,800 BTC. From the time the bitcoin ETF received consent, the selling of assets has reached the figure of 335,000 BTC, whereas, in the case of different suppliers, they are noting down figures about inflows....
First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows
12.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
‘Vast majority’ of ETF flows could be driven by arbitrage: Raoul Pal
12.6.2024
Retail investors are not a “key driver” of spot Bitcoin ETFs, with a majority of inflows coming from arbitrage trading hedge funds, according to Raoul Pal
Tuttle Capital’s latest ETF aims to copy Congress’ stock picks
12.6.2024
Tuttle Capital is using U.S. lawmakers’ mandatory stock disclosure filings to back the strategy of its newly proposed ETF
ETF talks boost Shiba Inu burn rate by 3,000%
11.6.2024
Dips continue to happen across the Shiba Inu ecosystem. However, the market is increasingly paying attention to these dips. There are two reasons behind this: a massive spike in burn rate and discussions about ETFs. As the rate spiked to 2,955%, the community burned 7.5 million. This number...
Spot Ethereum ETF suppliers await SEC’s version on S-1 filings
11.6.2024
Expectant spot Ethereum ETF suppliers await the SEC’s view-point on their S-1 filings, following them forwarding their initial drafts on the 31st of May, 2024. The suppliers were under the impression that the SEC will offer their view-point about their sent drafts by the 7th of June. However,...
Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak
11.6.2024
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million
SEC considers spot Ether ETF application from ProShares
10.6.2024
The commission approved 19b-4 filings from eight asset managers in May, but they won’t begin trading on U.S. exchanges until the SEC signs off on the S-1 registration statements
Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports
10.6.2024
Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations. Record-Breaking Week...
DeFi Technologies adopts Bitcoin treasury strategy
10.6.2024
The publicly listed Canadian company announced the purchase of 110 BTC and repayment of $5 million in debt by its subsidiary, Valour
Australia follows the US and Hong Kong with the launch of its first spot Bitcoin ETF
10.6.2024
Australia has joined the United States (US) and Hong Kong to launch its first Spot Bitcoin ETF. This development is seen as a major milestone for the crypto industry, as it exposes investors in Australia to Spot Bitcoin ETFs and democratizes access to the digital asset globally. ETFSwap (ETFS)...
Bitcoin ETFs sucked up 2 months of BTC mining supply last week
10.6.2024
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May
Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year
8.6.2024
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after...
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
7.6.2024
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving
Bitcoin ETF flows will send BTC price into ' parabolic run,' traders say
7.6.2024
BTC price remains steady above $69,000; analysts say increased spot Bitcoin inflows could take the price higher
Ethereum ETF approval looms: Gensler’s latest hints spark optimism
7.6.2024
According to recent remarks by SEC Chair Gary Gensler, the long-anticipated launch of an Ethereum ETF may be approaching sooner than expected. Gensler’s insights have sparked renewed speculation and excitement among investors and industry observers as the cryptocurrency market eagerly awaits...
ETFs See 18 Days of Gains: Blackrock’s Bitcoin Holdings Surpass 300,000
7.6.2024
Blackrock, the world’s largest asset manager, now holds more than 300,000 bitcoins following $217.7 million in positive inflows from all of the U.S. spot bitcoin exchange-traded funds (ETFs). Thursday’s inflows marked the 18th consecutive day of gains for the bitcoin ETFs. Bitcoin...
US elections are a ‘huge variable’ for Solana ETF approval
7.6.2024
The approval of spot Ether ETFs has opened Pandora’s box for another altcoin ETF. Solana, XRP, Chainlink or Dogecoin could be next, but is the crypto market overly optimistic?
Can Bitcoin close above $70K amid strong labor market?
7.6.2024
Stronger-than-expected employment data could put more downward pressure on Bitcoin price. Are ETF inflows enough to get a weekly BTC close above $70,000?