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Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

CoinspeakerBitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000 The inflow recorded by spot Bitcoin ETFs nearly surged to $500 million yesterday, as the price of Bitcoin hit a level not seen for 2 years. Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

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ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015

CoinspeakerARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015 Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class. ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015

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Franklin Templeton Takes Lead in Bitcoin ETF Fee War

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin...

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Ark Invest Is Dumping Large Amounts of Coinbase (COIN) Stock, Here’s Why

The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140. Cathie Wood’s asset management firm Ark Invest has been liquidating its Coinbase Global Inc (NASDAQ: COIN) stock holdings in big numbers recently. On December 5, ARK executed the sale of up to 237,572 Coinbase shares across its three funds, as indicated by a trade notification. The transaction occurred when Coinbase’s stock closed at $140...

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JPMorgan Says Grayscale Bitcoin Trust (GBTC) Can Expect Significant Outflows on ETH Approval

If the entire $2.7 billion exits the bitcoin market, it would exert significant downward pressure on bitcoin prices, the authors stated. However, if most of this $2.7 billion transitions into other bitcoin instruments, such as the newly established spot bitcoin ETFs post SEC approval, the negative market impact would be more moderate. Nevertheless, the bank indicated that Bitcoin continues to face downside risks, as some of the $2.7 billion is likely to exit the Bitcoin space completely. The...

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