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GBTC outflows pull down ETF momentum


Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock...

Crypto rally pushes Bitcoin to best monthly gain since Oct. 21


The crypto market has ended its long slump as tokens reach their former glory. The recent rally saw Bitcoin surging for a fifth consecutive day on Wednesday. The rally helped BTC register its best monthly gain since October 2021. The token rose as much as 4.9% to reach $59,494 on Wednesday....

Blackrock Launching Brazil’s First Bitcoin ETF


Blackrock is launching Brazil’s first spot bitcoin ETF, the Ishares Bitcoin Trust BDR (IBIT39), on Mar. 1, initially available to qualified investors with plans to eventually open it to retail investors. The ETF aims to provide investors with regulated access to bitcoin and is part...

JPMorgan predicts Bitcoin correction following halving


Bitcoin has retraced to $61,500 at the time of articulating this piece. That is a fall of 2.50% in the last 24 hours. It briefly touched the milestone of $63,000; however, it is now rallying downward on the chart. An analyst at JPMorgan has predicted that a Bitcoin price correction could happen...

BlackRock to Launch Brazil’s First Bitcoin ETF on March 1


BlackRock introduces Brazil's first spot Bitcoin ETF iShares Bitcoin Trust BDR (IBIT39), set for launch on the stock exchange B3 on March 1, expanding local crypto investment options. The post BlackRock to Launch Brazil’s First Bitcoin ETF on March 1 appeared first on Cryptonews

Grayscale Urges SEC for Spot Bitcoin ETF Options Approval


Grayscale is calling on the US Securities and Exchange Commission to approve options on its spot Bitcoin exchange-traded fund, aiming to expand access to a broader range of investors. The post Grayscale Urges SEC for Spot Bitcoin ETF Options Approval appeared first on Cryptonews

Vanguard CEO Tim Buckley to Retire by End of Year


Asset management firm Vanguard CEO Tim Buckley is retiring by year-end 2024 after leading the firm for six years, and a total of 33 years working at the firm. The post Vanguard CEO Tim Buckley to Retire by End of Year appeared first on Cryptonews

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