The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading. This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is […]
The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.
Other exchanges have also withdrawn their applications, but some have re-filed.
Bitcoin's 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.
BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration.
Investment banker says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.
Goldman Sachs’ latest 13F filing reveals that the company holds a total of $418 million in Bitcoin spot ETFs. The breakdown of the holdings includes 6,991,248 shares of iShares Bitcoin Trust worth $239 million, 1,516,302 shares of Fidelity Wise Origin Bitcoin worth $79.55 million, 940,443 shares of Invesco Galaxy Bitcoin ETF worth $56.19 million, 660,183 …
The dwindling metric points to declining selling pressure in the bitcoin market.
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100.
The US Securities and Exchange Commission (SEC) has announced the postponement of the approval decision on a dual crypto spot ETF by Brazilian asset manager Hashdex. This development comes in view of a critical deadline in the approval process of the proposed investment fund. Related Reading: BREAKING: Spot Ethereum ETFs Get SEC Nod, Debut Set […]
This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.
If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.
The crypto market made a significant move overnight, surging 11% to reclaim the $2 trillion level, now standing at $2.105T. Bitcoin led the charge, crossing $61K once again, reflecting renewed investor confidence. At the same time, U.S. Bitcoin ETFs made headlines by acquiring 3,376 BTC—an impressive feat given that only 450 Bitcoins are mined daily. …
According to a Bloomberg report, the boss of Japan’s Financial Services Agency (FSA) said that “cautious consideration” needs to be given to the decision of approving crypto-related ETFs. The FSA Commissioner stated that many people believe crypto assets do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term …
Bitcoin appears on the verge of confirming a death cross, but one analyst says historical data suggests it's nothing to worry about.
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.
Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
Grayscale's Mini Bitcoin Trust's rapid inflows highlight growing investor interest in low-cost Bitcoin exposure, impacting competing ETFs.
The post Grayscale Bitcoin Mini Trust records $191 million inflows after soft debut appeared first on Crypto Briefing.
Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics providers SoSo Value and Ecoinmetrics show that Bitcoin ETFs have been consistently accumulating BTC in their holdings, despite a brief dip in inflows at the start of June. However, since July 1st, inflows have resumed at an accelerated pace, surpassing the averages recorded over the previous two months. Specifically, on July 31st, the Bitcoin spot ETF saw a net inflow of $298 million, while the Grayscale mini ETF BTC had a net inflow of $17.99 million. Additionally, the BlackRock ETF IBIT recorded an inflow of $20.99 million. Related Reading: Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto According to data from data analytics firm Ecoinmetrics, Bitcoin ETFs have added nearly 300,000 BTC to their holdings since their approval by the US Securities and Exchange Commission (SEC) January 2023. While the pace of accumulation has slowed from earlier this year, the consistent inflows, even during periods of price stagnation, are a testament to the persistent institutional demand for the leading cryptocurrency, according to the firm. In total, institutions now control nearly 9% of the entire Bitcoin supply, with ETFs and ETF-like products accounting for approximately 5.2% of the total. Public companies hold another 1.6%, while private companies account for at least 2% of the BTC supply. Sentiment Soars To Highest Level Since May Despite Bitcoin’s inability to surpass the $69,000 resistance level in its latest uptrend and a recent retrace of over 5% in the past 24 hours, the overall sentiment toward the leading cryptocurrency appears to be turning increasingly bullish. According to market intelligence platform Santiment, the level of bullish commentary on Bitcoin this week has reached its highest point since the week of May 15. This suggests that many in the crypto crowd believe that the Bitcoin price is poised to reach the $70,000 milestone soon. Corroborating this sentiment, crypto analyst Ali Martinez has noted that top traders on the Binance exchange are currently buying the Bitcoin dip, with nearly 70% of them going long on BTC, according to on-chain data. Related Reading: Chainlink At Risk: Key Indicators Signal Further Losses To $12 However, the cryptocurrency’s short-term price action remains a cause for concern as if Bitcoin fails to close the day above the $64,200 mark, which corresponds to its 200-day exponential moving average (EMA), it could spell trouble for the asset’s near term price action. As can be seen on the daily BTC/USDT chart below, marked by the thick yellow line, the 200-day EMA has historically acted as a strong support level for Bitcoin, but whenever the price has traded below this indicator, it has also acted as a notable resistance wall. At the time of writing, BTC was trading at $62,830, erasing most of its gains from last month, as the cryptocurrency is up just 1.6% in the 30-day timeframe. Featured image from DALL-E, chart from TradingView.com
The Grayscale Bitcoin Mini Trust (the “Trust”) officially launched on Wednesday after receiving approval from the US Securities and Exchange Commission (SEC), emerging as a lower-cost alternative to the renowned Grayscale Bitcoin Trust (GBTC). New Bitcoin Mini Trust Debuts According to Bloomberg, the Grayscale Bitcoin Mini Trust, which debuted with a 0.15% expense ratio, is […]
BlackRock's Bitcoin ETF success highlights shifting investor preferences and challenges for traditional funds in a stagnant market.
The post BlackRock Bitcoin ETF attracts $205 million inflows amid market stagnation appeared first on Crypto Briefing.
AAVE is surging following a token buyback proposal.
Analysts worry ETH will prove a harder sell than BTC to traditional investors.
Franklin Templeton will keep exploring more assets to back new spot cryptocurrency ETFs, including those based on Solana.
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.