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...
Read More »Bitcoin ETFs Absorb $400 Million In One Day, Surpass $2 Billion Since Launch
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...
Read More »Spot Bitcoin ETF Attracts $403M in Net Inflows on February 8
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
Read More »Recently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings
CoinspeakerRecently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings The several spot Bitcoin ETFs excluding Grayscale Investments now hold about 192k Bitcoins compared to MicroStrategy’s 190k according to its latest quarterly report. Recently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings
Read More »Spot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads
CoinspeakerSpot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads BlackRock and Fidelity continues to see inflows for their spot Bitcoin ETFs eating the market share from Grayscale as GBTC continues to bleed amid high management fees. Spot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads
Read More »BlackRock’s Bitcoin ETF Witnesses Smallest Inflow Since Inception
CoinspeakerBlackRock’s Bitcoin ETF Witnesses Smallest Inflow Since Inception Despite the slowdown in net inflows, Bitcoin ETFs have demonstrated resilience, with total net inflows reaching $1.56 billion. BlackRock’s Bitcoin ETF Witnesses Smallest Inflow Since Inception
Read More »South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment
CoinspeakerSouth Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment Violators of crypto law in South Korea now risk receiving fines up to five times the amount of illegal funds, or life imprisonment. South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment
Read More »Streak Over: These Bitcoin Spot ETFs See First Day With Zero Inflows
Activity around Bitcoin spot ETFs has slowed substantially this week, with two major funds losing their undefeated streak of inflows since launch. On Monday, both the Bitwise Bitcoin ETF (BITB) and the ARK 21Shares Bitcoin ETF (ARKB) saw their first day of net zero inflows. Loss Of Momentum For Bitcoin Spot ETFs According to data from Bloomberg Terminal, daily volume across both ETFs tapped $23.4 million and $50.5 million respectively. It’s a clear step down in performance...
Read More »Bitcoin ETF Issuers Launch Google Marketing Campaigns Following Rule Changes on Acceptable Ads
CoinspeakerBitcoin ETF Issuers Launch Google Marketing Campaigns Following Rule Changes on Acceptable Ads BlackRock, Grayscale, Invesco, and several others now have Bitcoin ETF ads running on Google after rule changes took effect last week. Bitcoin ETF Issuers Launch Google Marketing Campaigns Following Rule Changes on Acceptable Ads
Read More »Global Crypto Assets Record $708 Million in Weekly Inflows
CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets flows turned positive after two weeks of outflows. Solana’s weekly inflows improved as Ethereum recorded more outflows. Global Crypto Assets Record $708 Million in Weekly Inflows
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