Options trading on spot bitcoin exchange-traded funds could become available as soon as Tuesday, according to Nasdaq.
BlackRock’s iShares Bitcoin Trust (IBIT) options are set to begin trading tomorrow, according to the head of ETP listings at Nasdaq. In a statement today, the Options Clearing Corporation (OCC), declared its readiness to clear and settle options for spot Bitcoin ETFs, such as the BlackRock’s iShares Bitcoin Trust (iBIT). Following the announcement, Bloomberg Senior …
After MicroStrategy, Billionaire investor Paul Tudor Jones has made waves in the crypto space by dramatically increasing his Bitcoin holdings through BlackRock’s Institutional Bitcoin Trust (IBIT). According to recent SEC filings, Jones has quintupled his Bitcoin position, now valued at an impressive $159.9 million. This strategic move places him among the top 10 holders of …
In a recent episode of the Thinking Crypto Podcast, host Tony Edward and guest Matt Hogan, Chief Investment Officer at Bitwise Asset Management, explored the transformative potential of XRP, the growing prominence of Bitcoin and Ethereum ETFs, and the exciting trajectory of the crypto market heading into 2025. XRP: Resilience Amidst Challenges Kicking off the …
Bitcoin (BTC) has been on a tear recently, hitting multiple all-time highs (ATH) levels since Donald Trump emerged victorious in the 2024 US presidential elections. Although the top cryptocurrency has witnessed a slight pullback in the past 24 hours, rebounding to an earlier price level could spell trouble for the bears. Bitcoin Bears Could Be Under Trouble According to analysis shared by crypto analyst Ali Martinez on X, more than $800 million is at risk of liquidation if the flagship digital asset reclaims the $93,000 price level. Notably, BTC’s current ATH stands at $93,477. Related Reading: Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally At the time of writing, BTC is trading at $89,480, down 1.9% in the past 24 hours. On the 4-hour chart, BTC’s next prominent support level appears to be around the $86,000. The digital asset has already tested this support level three times, and a further dip to this price could send BTC tumbling toward $81,600, its next major support. If BTC fails to hold above $81,600, a decline to $79,700 may follow. While a lower BTC price would favor the bears, a reclaim of the $93,000 level could severely hurt them. Such a move would risk over $800 million in liquidations, potentially forcing bearish traders to capitulate. Data from Coinglass shows that contracts worth more than $508 million were liquidated in the past 24 hours. Of this, $355 million were long, while $153 million were short. A recent analysis by prominent crypto analyst @CryptoKaleo suggests that Martinez’s warning for bears may be justified. According to @CryptoKaleo, BTC could retrace to $86,000 before embarking on another rally to set new ATHs – possibly beyond $100,000. The analyst stated: Just a little dip and a bit more ranging then send to $100K+. Honestly think this is the best case scenario for alts if we somehow get it. Would look for outperformance while BTC is accumulating around $90K. What’s Behind BTC’s Run? Multiple factors have contributed to BTC’s historic price action, including the halving earlier this year, the approval of Bitcoin exchange-traded funds (ETFs), and rising institutional adoption of the digital asset. Related Reading: Bitcoin ETFs Surpass 1 Million BTC Holdings In Less Than A Year Since Launch – Details Inside However, Trump’s win in the 2024 US presidential elections – a result seen as pro-crypto – served as a major catalyst for BTC’s surge. Since Trump’s victory on November 5, BTC has climbed from around $69,000 to a high of $93,000, recording gains of more than 30% in just 10 days. Despite this impressive price rally, experts suggest that BTC may have further room to grow. For instance, a recent research report predicts that BTC’s bullish momentum could continue until mid-2025 when it is expected to peak. Additionally, relatively low profit-taking during this bull run could further propel BTC to new heights. However, bulls should remain cautious of a significant CME gap around the $78,000 level, which could be a magnet for price correction. At the time of writing, the total cryptocurrency market capitalization stands at $2.904 trillion, reflecting a 3.7% decline over the past 24 hours. Meanwhile, Bitcoin dominance is at 60.97%, underscoring BTC’s continued strength in the market. Featured image from Unsplash, Charts from X, Coinglass, and Tradingview.com
After a streak of six consecutive inflow days, BTC ETFs have faced a net outflow of $370M. Fidelity’s FBTC saw the largest single-day outflow of $175.11M despite posting a 4.79% daily price gain to $80.06. ARKB, another major BTC ETF, followed with a $108.58M outflow, even as its price climbed 4.84% to $91.50. Similarly, Ethereum …
The SEC has approved the 7RCC Spot Bitcoin and Carbon Credit Futures ETF for listing on NYSE Arca, blending cryptocurrency exposure with sustainability efforts. Effective November 15, 2024, the ETF combines direct Bitcoin price exposure with investments in carbon credit futures to offset environmental impacts. Initially filed in March 2024, the proposal underwent multiple revisions …
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
A recent survey by Swiss digital bank Sygnum found that 72% of institutional investors – including family offices, external asset managers, fund managers, and hedge funds – are open to investing in crypto assets. Institutional Investors Getting Comfortable With Crypto Assets Conducted at the end of Q3 2024, the Sygnum Future Finance Survey gathered responses […]
U.S. spot Bitcoin ETFs experienced $400.67 million in outflows on Thursday, breaking a six-day streak of positive inflows. Ark’s and Bitwise’s ETFs saw their largest single-day withdrawals since launch. Fidelity’s FBTC led the outflows with $179.2 million, while Ark’s ARKB and Bitwise’s BITB had $161.7 million and $113.9 million exits, respectively. BlackRock’s IBIT saw a …
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
Bitcoin's price has now corrected approximately 6% since the all-time high break on Nov. 13.
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, reiterated his call for cryptocurrency exchanges to register with the agency and highlighted the need for proper disclosures from those selling securities, as his tenure at the SEC may be nearing its conclusion. This comes amid Trump’s victory in the election and his threat …
Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.
BlackRock, the world’s biggest asset manager, has just dropped $91.6 million into the iShares Bitcoin Trust ETF (IBIT), buying over 2.5 million shares. This move comes as IBIT experiences a massive surge in popularity, attracting $230 million in just one day and breaking records with $5 billion in daily trading volume. With total assets now …
Despite the minor dip in the Bitcoin prices below the $90,000 mark, the total daily net inflow for US-spot Bitcoin ETFs stood at $510.11 million on 13 November. Driving the rally, BlackRock’s IBIT collected $230.81 million of inflows. This was followed by Fidelity’s $186 million inflow and Grayscale’s Minitrust BTC by $61.30 million. Mirroring the …
According to Bitwise Chief Investment Officer (CIO) Matt Hougan, entering the Bitcoin (BTC) trade may not be too late. The executive recently said that until the flagship cryptocurrency hits $500,000, it’s “still early.” Potential Investors Should Not Be Discouraged By Bitcoin Price Action In a client memo shared yesterday, Bitwise’s CIO Hougan stated that while […]
Bitcoin is leading the broader crypto market higher, outperforming the CoinDesk 20 Index with its 6% advance over the past 24 hours.
Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.
As the bullish institutional support for ETFs continues, the net inflow for Bitcoin ETFs registered $39.26 million. Meanwhile, the US Ethereum spot ETF had a daily inflow of $4.47 million. Leading the Bitcoin space, Fidelity’s FBTC had an inflow of $37.20M, followed by Grayscale’s BTC with $15.08M. Among the ETH ETFs, Bitwise’s ETHW spearheaded the …
Bitcoin and ether ETF inflows soared on one of the biggest days in the BTC's history.
Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. Add Crypto Exposure At The Earliest, Bernstein Tells Clients Despite Bitcoin’s strong gains after the election, analysts at trading firm Bernstein remain confident that the broader crypto market still has substantial room for growth. […]
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date.
On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments. According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems. Detroit’s Cryptocurrency Move […]
Bitcoin is "acting weird," one commentator argues as BTC price gains fail to capitalize on incremental new all-time highs.
With the institutional support for Bitcoin, Ethereum, and all things crypto growing with Trump’s political win, the BlackRock ETFs are scaling new heights. BlackRock’s Ethereum spot, Ethereum ETF, saw an inflow of $6.3 million on Nov. 8. This is the highest-ever inflow since Aug. 7. Meanwhile, Bitcoin ETF recorded an inflow of $1.43 billion, a …
Amidst the market optimism around Bitcoin and the broader market, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its Gold ETF counterpart, the iShares Gold Trust (IAU), in assets under management (AUM). Notably, IBIT has amassed around $33.1 billion in AUM, while IAU currently holds about $32.9 billion worth of assets. The surge in IBIT’s assets …
Navigating the ever-changing crypto market can be challenging for investors, who often descend into the depths of the industry without any guidance. Some have taken on the task of developing tools to help traders steer their strategies and try to maximize their portfolio’s performance. 3Commas, a crypto trading bot automated platform, is one of those […]
BlackRock’s spot Bitcoin ETF has pulled off something huge. On November 7, this fund saw a mind-blowing $1.119 billion in inflows—an impressive recovery after losing $113 million just two days before. To put it into perspective, BlackRock’s fund made up a massive 82% of all spot Bitcoin ETF inflows that day. With Bitcoin hitting record …
ADA price breaks the multimonth downtrend pushing Cardano to four-month highs, thanks to multiple macro tailwinds and favorable technicals.