Tag Archives: bitcoin etf

CoinspeakerBitcoin Traders Anticipate Bullish Price Jump to $64,000 as BTC Spot ETFs Continue to Accumulate Heavy Inflows Bitcoin is now poised to scale its all-time high as traders are bullish, and anticipate a price jump following the performance of spot ETFs. Bitcoin Traders Anticipate Bullish Price Jump to $64,000 as BTC Spot ETFs Continue to Accumulate Heavy Inflows

Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance in the crypto’s supply. Demand for Bitcoin Products is 10x the Supply In an interview with CNBC, Saylor noted that...

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

Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome before eventually claiming the target. According to the popular on-chain intelligence platform Intotheblock, Bitcoin is eyeing the $50,000 mark...

CoinspeakerNew Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency New Zealand’s central bank governor told the parliamentary Finance and Expenditure Committee that stablecoins are not a substitute for fiat money and are not as stable as purported. New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency

On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark had a big flow day on Friday. “Bitwise’s BITB on price appreciation alone is around $830 million right now,” he said before adding, “They’re probably relatively close...

Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs in the United States. ETFs Behind BTC’s Upcoming Rally? Ever since the entire crypto community and a bigger part of the traditional financial world started realizing...

Bitcoin witnessed significant developments in recent weeks that have helped it extend its rally, surging past $47,000 for the first time in nearly a month. The uptick has brought a sense of relief for its investors, who recently endured a brief plunge to 38,500 and now find themselves comfortably in the profit zone amidst market recovery. Interestingly, the latest data by a CryptoQuant analyst suggests that the market is approaching a “turning point.” Where Is Bitcoin...

Bitcoin spot ETFs recorded $400 million of net inflows on Thursday, bringing their total inflows since launch beyond $2 billion for the first time. The inflows were coupled by a surge in Bitcoin’s price late this week, taking it to $48,000 as of Friday. Bitcoin ETF Inflows Outpacing Grayscale In terms of daily flows, Thursday was the third best day yet for Bitcoin ETFs since going live on January 11. Their best performance remains the day of launch when they raked in $655...

CoinspeakerSpot Bitcoin ETF Attracts $403M in Net Inflows on February 8 The surge in net inflows into Bitcoin ETFs reflects a growing acceptance and integration of Bitcoin into mainstream investment portfolios. Spot Bitcoin ETF Attracts $403M in Net Inflows on February 8