Tag Archives: bitcoin etf

CoinspeakerVanguard Calls BTC Immature Asset Class While Rejecting Bitcoin ETFs Vanguard executives said that the company usually focuses on long-term stability instead of short-term trends as the reason behind rejecting the Bitcoin ETF offering. Vanguard Calls BTC Immature Asset Class While Rejecting Bitcoin ETFs

According to CC15Capital, which has been trading spot ETF Bitcoin holdings, around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. However, the figure does not include outflows from Grayscale. GBTC holders have been dumping shares and rebalancing their portfolios to funds that have lower fees and better yields, adding selling pressure to spot...

Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%. According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset is yet to call a price bottom. BTC Falls Below $40K Earlier this week, BTC fell...

CoinspeakerBitcoin (BTC) Price Rebounds Above $41K as Grayscale Outflows Slow Down According to data from BitMEX Research, GBTC witnessed a decrease in outflows, with $394.1 million on January 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday. Bitcoin (BTC) Price Rebounds Above $41K as Grayscale Outflows Slow Down

CoinspeakerJPMorgan: GBTC Profit-Taking Is Likely Over as Bitcoin Recovers Slightly The JPMorgan analysts highlighted BlackRock and Fidelity Investment’s spot Bitcoin ETFs as emerging competitors to GBTC. JPMorgan: GBTC Profit-Taking Is Likely Over as Bitcoin Recovers Slightly

CoinspeakerMatrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking Q1 has been predicted to be challenging for Bitcoin according to Matrixport, with the price expected to dip to around $36,000 and then recover. Matrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking

CoinspeakerUS Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021. US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

Bitcoin’s value dipped below $39,000 this week, erasing almost all gains made in the last two months, which were fueled by expectations of approval for a spot BTC ETF in the United States. But the introduction of the much-anticipated funds ended up being a classic “sell-the-news” event. The term is a well-established concept in capital markets, illustrating how asset prices, leverage, and market sentiment work in tandem to drive prices upward, leading up to a positive event,...

According to the Financial Times, European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The decision comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot Bitcoin ETFs from major players like BlackRock, Fidelity, and Invesco, resulting in an influx of new investment options for U.S. investors. Fee Wars Move to the European Market Gary Buxton, Invesco’s Head of ETFs for...

Bitcoin ETF issuers, except for Grayscale, have collectively acquired more than 86,000 BTC at an average price of $42,000, an investment of $3.63 billion, according to on-chain analyst Ali on X. The sustained high trading activity shows investors’ ongoing interest and engagement in recently launched Bitcoin ETFs. Bitcoin ETFs Show Resilience Among Bitcoin ETF issuers, iShares emerges as the leader, boasting a substantial holding of over $1.3 billion in BTC. Following closely...