BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption. Financial Advisors Are Cautious Since their debut in January 2024, spot Bitcoin ETFs have attracted...
Read More »US Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting
CoinspeakerUS Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting The bearish sentiment wasn't limited to the US. Even on the global scale, digital asset investment products saw their largest outflow of over $600 million in almost three months. US Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting
Read More »Binance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions
CoinspeakerBinance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions Through the partnership between BounceBit and Free Tech, users can seamlessly swap BBTC and BBUSD with over 50 top blockchains. Binance-backed BounceBit Announces Strategic Partnership with Free Tech to Enhance Secure Cross-chain Transactions
Read More »First Time Ever: Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
Ever since mid-January, when the 11 spot Bitcoin ETFs saw the light of day, Grayscale’s converted GBTC has been at the forefront of outflows. This eventually resulted in losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. In the last two trading days of this week, though, the tides changed, and this negative award went to Fidelity’s FBTC. Data from FarSide shows the overall outflows for the week, in which four out of the five trading...
Read More »Cryptocurrency Adoption Surges in Hong Kong as Brokerages Integrate Virtual Asset Trading
CoinspeakerCryptocurrency Adoption Surges in Hong Kong as Brokerages Integrate Virtual Asset Trading To attract more participants, brokerage firms have set a low entry fee of as little as $100. Cryptocurrency Adoption Surges in Hong Kong as Brokerages Integrate Virtual Asset Trading
Read More »Bernstein Predicts Bitcoin (BTC) Price to Reach $1M by 2033
CoinspeakerBernstein Predicts Bitcoin (BTC) Price to Reach $1M by 2033 Gautam Chhugani and Mahika Sapra from Bernstein also believe that the digital currency could reach a circle-high of $200,000 by 2025. Bernstein Predicts Bitcoin (BTC) Price to Reach $1M by 2033
Read More »NFTrust Marktkommentar: Bitcoin-ETFs – Strohfeuer statt Kursfeuerwerk
Die im Januar in den USA zugelassenen Bitcoin-ETFs und das im April stattgefundene Bitcoin-Halving haben den Kurs der Kryptowährung zwar beeinflusst, aber kein Erdbeben ausgelöst – wie aus Sicht von Karl Gero Wendeborn, CEO von NFTrust, zu erwarten war. In seinem aktuellen Marktkommentar erklärt er, warum kurzfristige Bitcoin-Investoren vorsichtig sein sollten, und wie sogenannte Soulbound Tokens als Weiterentwicklung von NFTs digitale Identitätsnachweise revolutionären können. Viel Lärm um...
Read More »Demand Growth for Bitcoin Surges: What Does This Mean?
Analysts at market intelligence platform CryptoQuant have identified a surge in demand for bitcoin (BTC) from large investors and permanent holders. While this could mean many things for the crypto industry, it is deemed a positive sign per the laws of demand and supply. In the latest CryptoQuant weekly report, market experts said that accelerating BTC demand growth is necessary for a sustainable price rally. Hence, BTC may soon witness a substantial increase in prices....
Read More »Why Did BTC’s Price Tumbled $3K on Friday Despite the Impressive Bitcoin ETF Inflows?
After days and days of registering gains and testing the $72,000 price tag, bitcoin reversed its trajectory on Friday and slumped by more than three grand in hours. The question arises as to why this happened since the inflows into the US-based ETFs keep coming. The Bitcoin ETF Impact It’s safe to say that the biggest and most vital news in the cryptocurrency industry this year has been the ETFs the US Securities and Exchange Commission greenlighted in January. Not the...
Read More »Best Bitcoin ETFs in 2024: Fees, Alternatives, and How to Buy
In 2024, the United States Securities and Exchange (SEC) made the historic decision to approve the trading of spot Bitcoin exchange-traded funds (ETFs). This opened a new chapter in the cryptocurrency industry, further legitimizing BTC as an investment option that regulators deem worthy of regular investors’ access. However, there are multiple intricacies associated with buying and selling spot BTC ETFs, so we’ve prepared the ultimate guide to which ones are the best, their...
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