The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week.
PlanB’s bull market signal flashed as Bitcoin price was trading firmly above the $62,000 mark.
Bitcoin price seesaws above $62,000 as U.S. spot Bitcoin ETFs hit record net inflows and trading volumes on Wednesday.
Crystal Intelligence CEO Navin Gupta said ETFs could bring more institutional trust and crypto-friendly regulation.
Possible approval of bitcoin ETFs in 2024 is likely to change perceptions of digital assets following a year when the industry faced a backlash, Beth and Clay Haddock argue.
Would-be bitcoin exchange-traded fund (ETF) issuer Hashdex changed its paperwork Friday, naming BitGo as its bitcoin custodian and changing the name of its Bitcoin Futures ETF to the Hashdex Bitcoin ETF as it – and other companies – continue to hope for an approval for the U.S.'s first spot bitcoin ETF early in the new year.
BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are buying.