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Institutional Investors and ‘Whales’ Push Bitcoin Demand to New Heights
27.3.2024
Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance...
Hong Kong Will Soon Approve ‘In-Kind’ Bitcoin Spot ETFs – Here’s What That Means
26.3.2024
Hong Kong could soon approve Bitcoin spot ETFs with an 'in-kind' redemption model. This differs from the US 'in-cash' approach, potentially impacting ETF management and the overall market.
The post Hong Kong Will Soon Approve ‘In-Kind’ Bitcoin Spot ETFs – Here’s What That Means...
Bitcoin ETF simplifies trading and revolutionizes investments: Sandy Kaul
26.3.2024
During a webinar hosted by Chainlink, Sandy Kaul, Head of Digital Asset, discussed the implications of the Bitcoin ETF on blockchain innovation and the protocol economy. After the SEC authorized eleven spot Bitcoin ETF proposals from notable firms, including BlackRock, Fidelity, and VanEck,...
Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
26.3.2024
Hong Kong’s financial regulator, the Hong Kong's Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence
Spot Bitcoin Exchange-Traded Funds See Net Inflow Following Five Days of Outflows
26.3.2024
Spot Bitcoin exchange-traded funds (ETFs) experienced net inflows yesterday, breaking a streak of five consecutive days of outflows.
The post Spot Bitcoin Exchange-Traded Funds See Net Inflow Following Five Days of Outflows appeared first on Cryptonews
Crypto Traders Dismiss Waning ETF Inflows as Bitcoin Holds Steady Over $70K
26.3.2024
Grayscale's GBTC product saw large outflows last week and inflows to other ETFs did not increase in tandem, briefly fueling concerns of a spot-driven selloff
Bitcoin Price Prediction Hits $70,550 Amid ETF Speculation & LSE’s Crypto Move
26.3.2024
Bitcoin's ascent to $70,550 amid ETF buzz and LSE's pioneering ETNs signals a bullish horizon, igniting fervent price predictions and investor interest.
The post Bitcoin Price Prediction Hits $70,550 Amid ETF Speculation & LSE’s Crypto Move appeared first on Cryptonews
Record $1B Exited Crypto Funds Last Week: CoinShares
25.3.2024
The action was a break from what had been a record seven-week string of inflows
Arkham Intelligence Predicts Grayscale’s GBTC to Run Out of Bitcoin in 96 Days
25.3.2024
At the start of the year, Grayscale possessed 618.28K BTC for their Bitcoin Trust GBTC. They now hold only 356.44K BTC.
The post Arkham Intelligence Predicts Grayscale’s GBTC to Run Out of Bitcoin in 96 Days appeared first on Cryptonews
Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase
25.3.2024
There were $836 million in net outflows between March 18 and March 21, the report said
Cathie Wood Calls Bitcoin a ‘Financial Super Highway,’ Reiterates $1.5M Price Target
22.3.2024
The Ark Invest CEO said the firm has been looking closely at emerging markets, where use cases of the digital asset make her believe that bitcoin is partly a risk-off asset
Top Crypto Gainers Today on DEXScreener – STOP, DOEGE, THICC
22.3.2024
With major cryptocurrencies are struggling on Friday as focus returns to heavy and largely GBTC-driven spot Bitcoin ETF outflows, traders looking to turn quick exponential profits continue to flock to the on-chain shitcoin markets.
The post Top Crypto Gainers Today on DEXScreener – STOP, DOEGE...
Bitcoin set for worst week as JP Morgan predicts further fall in price as ETF demand falls
22.3.2024
Bitcoin has retraced over 10% of it’s all-time high on March 14. This has direct consequences, as the appetite for spot Bitcoin exchange-traded funds (ETF) has gone down. JP Morgan Chase and Co. analysts have also warned that the retreat might continue to fall with a phenomenal price decline...
Best Crypto to Buy Today March 22 – APT, ICP, FTM
22.3.2024
As Bitcoin (BTC) continues to struggle in the face of continued elevated outflows from Grayscale’s Bitcoin Trust ETF (GBTC), traders hunting for quick returns are parsing through the altcoin markets for the best crypto to buy today.
The post Best Crypto to Buy Today March 22 – APT, ICP,...
Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue
22.3.2024
U.S.-listed spot bitcoin ETFs saw over $830 million of outflows so far this week, and are poised for the first negative week since late January
ARK Invest Sells Another $35 Million Worth of Coinbase Shares as Stock Gains Over 50% YTD
22.3.2024
ARK Invest, known for its involvement in the spot Bitcoin exchange-traded fund (ETF) market, has decided to cash in on its Coinbase holdings as the stock's value climbs above $270.
The post ARK Invest Sells Another $35 Million Worth of Coinbase Shares as Stock Gains Over 50% YTD appeared first...
Spot Bitcoin ETFs See Fourth Consecutive Day of Net Outflows, GBTC Bleeds $358M
22.3.2024
The Grayscale Bitcoin Trust's (GBTC) exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21.
The post Spot Bitcoin ETFs See Fourth Consecutive Day of Net Outflows, GBTC Bleeds $358M appeared first on Cryptonews
Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key
22.3.2024
Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls for self-custody among crypto proponents. Peter Schiff’s Warning Prompts...
Ethereum Foundation faces inquiry amid major tech overhaul and ETF hopes
21.3.2024
The Ethereum Foundation is facing an inquiry from a ghost source when there are transformations on the anvil for Ethereum’s Technology. Added to that is its measuring point regarding its conventional asset, ETH, which multiple American investment businesses want to provide in the form of...
Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day
21.3.2024
Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20.
The post Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day appeared first on Cryptonews