CoinspeakerBitcoin Price: Bernstein Analysts Reiterate Their $150K Bet It's been two weeks since the halving and the price of Bitcoin has not seen a sizable jump. Rather, the coin has seen significant bearish fluctuations, going below $60,000. Bitcoin Price: Bernstein Analysts Reiterate Their $150K Bet
Read More »Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1....
Read More »Spot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak
CoinspeakerSpot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak Bitcoin ETFs in the US saw $34.4 million net outflow on May 2nd, a significant drop from the previous day's record $563.7 million. Interestingly, BlackRock and Fidelity's Bitcoin ETFs, ranking 2nd and 3rd in terms of total net assets, saw zero net flows on Thursday Spot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak
Read More »European Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF
CoinspeakerEuropean Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF BNP Paribas, the second-largest European bank, holds a modest amount of spot Bitcoin ETFs. According to a 13F filing submitted by the company, the bank acquired 1,030 units of BlackRock's iShares Bitcoin Trust (IBIT), representing an investment of approximately $41,684. European Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF
Read More »Spot Bitcoin ETFs See Largest Daily Net Outflows on May 1
CoinspeakerSpot Bitcoin ETFs See Largest Daily Net Outflows on May 1 The total April net outflows of $343.5 million has successfully broken the three months of consecutive inflow streak for the spot Bitcoin ETFs. Spot Bitcoin ETFs See Largest Daily Net Outflows on May 1
Read More »Crypto Liquidations Nears $360M as Bitcoin (BTC) Price Continues to Plunge
CoinspeakerCrypto Liquidations Nears $360M as Bitcoin (BTC) Price Continues to Plunge In addition to the decreased demand for Bitcoin ETFs, analysts also pointed to a slowdown in Bitcoin demand among institutional investors as a contributing factor to the market downturn. Crypto Liquidations Nears $360M as Bitcoin (BTC) Price Continues to Plunge
Read More »Spot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow
CoinspeakerSpot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow Despite these recent outflows, the accumulated total net inflows for the US-listed spot BTC ETF products stand at nearly $60 billion. Spot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow
Read More »Hong Kong’s Spot Bitcoin and Ethereum ETFs Begin Trading, Here’s All You Need to Know
CoinspeakerHong Kong’s Spot Bitcoin and Ethereum ETFs Begin Trading, Here’s All You Need to Know Hong Kong previously listed three futures-based crypto ETFs in late 2022. Hong Kong’s Spot Bitcoin and Ethereum ETFs Begin Trading, Here’s All You Need to Know
Read More »Australia Gears Up for Bitcoin ETF Wave After US, Hong Kong Approvals
Spot Bitcoin ETFs have caused a major stir in the cryptocurrency industry, unlike anything seen before. Following the US and Hong Kong, Australia is now gearing up for a series of launches of Bitcoin exchange-traded funds. The ASX has received applications from at least two organizations, and there’s another one in the pipeline Australia Braces for Bitcoin ETF ASX Ltd., which manages about 80% of the country’s equity trading, is expected to approve the first spot Bitcoin ETFs...
Read More »MetaComp Partners with HGI to Enhance Crypto ETF Trading and Global Accessibility
CoinspeakerMetaComp Partners with HGI to Enhance Crypto ETF Trading and Global Accessibility The partnership is centered on making HGI’s crypto spot ETF available by leveraging MetaComp’s Client Asset Management Platform (CAMP). MetaComp Partners with HGI to Enhance Crypto ETF Trading and Global Accessibility
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