Most US-based spot Bitcoin ETFs have started to see substantial withdrawals and the total amount has shot up to more than $500 million in the past week alone, even though it was just a four-day trading week. These developments have undoubtedly harmed BTC’s price movements, which have been closely related to the ETF flows. Spot ETF Outflows Skyrocket Ever since mid-January, when the US SEC reluctantly approved nearly a dozen spot Bitcoin ETFs, these financial vehicles have...
Read More »Bitcoin Price Down 2.3% as US Spot BTC ETFs Registers 5 Consecutive Days of Net Cash Outflows
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Read More »Hashdex Files For Dual Bitcoin And Ethereum Spot ETF
Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and Exchange Commission (SEC) to list shares of the Hashdex Nasdaq Crypto Index US ETF. “The assets of the Trust will consist of bitcoin and...
Read More »Financial Advisors Wary of Investing in Spot Bitcoin ETFs, BlackRock Exec Says
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...
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