A veteran trader says Bitcoin is following a “perfect script” that terminates with a potential $150,000 cycle high.
A drop in Ethereum network activity and investors' concerns about the global economy continue to weigh on ETH price.
The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations.
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum’s price downside.
The crypto-focused asset manager confirmed filing the XRP exchange-traded fund trust registration with the state of Delaware.
Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the number of BTC being held by the Spot Bitcoin ETFs has been rising and is almost at the 1 million mark, Spot Bitcoin ETFs Now Hold 924,768 BTC The United States Securities and Exchange Commission approved a total of 12 Spot Bitcoin ETFs for trading back in January 2024. Now, only eight months later, these ETFs have managed to acquire more than 4% of the total Bitcoin supply. Combined, this makes the Spot Bitcoin ETFs some of the largest BTC holders. Related Reading: Ripple Vs. SEC Battle Far From Over As Regulator Opposes Court’s Decision So far, the BlackRock IBIT has been one of the largest buyers of BTC, surpassing even Grayscale’s GBTC, which had a 600,000 BTC head start. Currently, Grayscale holds more than 350,000 BTC, making the firm a top Bitcoin holder. Grayscale is still in second place when it comes to the number of BTC held. However, the Bitcoin fund has recorded more outflows than inflows since January, losing more than half of its stash before the Spot Bitcoin ETF approvals. Now, Grayscale holds less than 250,000 BTC after losing more than $20 billion to other Spot Bitcoin ETFs due to their lower fees. Other Spot Bitcoin ETFs such as the Fidelity FBTC and the Ark Invest/21Shares ARKB has reached almost 50,000 BTC. So far, the funds have been able to garner 924,768 BTC, putting their total holdings very close to the 1 million BTC milestone. In total, the Spot Bitcoin ETFs now boast 4.685 of the total Bitcoin supply. Top Addresses With Largest Holdings The top Bitcoin wallet with the largest BTC holdings still remains the Satoshi Nakamoto wallet with 1.1 million BTC in it. However, this wallet has been long dormant, and often left out of the top Bitcoin wallets list due to its inactivity. Related Reading: ETH Rally Pushes Profitability To Nearly 70%: More To Come This Week? According to the BitInfoCharts website, topping the Bitcoin rich list is the Binance old wallet with 248,598 BTC worth over $16.3 billion. Next is the Bitfinex Hack Recovery wallet with 94,643 BTC, with $6.2 billion. The Mt Gox Hack wallet holds 79,957 BTC for the third-largest at $5.2 billion. The wallet holding the BTC confiscated from the Silk Road bust with 69,370 BTC is in fourth position worth $4.56 billion, and the Binance BTCB Reserve wallet has 68,200 BTC in it, worth $4.49 billion. Featured image created with Dall.E, chart from Tradingview.com
The market performance of the spot Bitcoin ETFs (exchange-traded funds) in the United States has been impressive over the last few weeks. Continuing their excellent streak, the crypto investment products closed the previous trading week with their best single-day performance in almost four months. The positive investor sentiment surrounding the spot ETFs seems to have […]
Ethereum price showed strength in September, but data suggests holding above $2,600 will be a challenge.
Ether ETF experienced a $62.5 million inflow, marking its third-largest day since launch.
Bitcoin price wobbles near $58,000 as uncertainty over the Fed’s monetary policy decision looms and traders eyeball weak economic data in China.
BlackRock and Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas, have consistently stopped disastrous declines in the value of the crypto. Related Reading: Crypto Beef Up 2024 US Elections With $190 Million In Donations This coincides with speculations that BlackRock uses Coinbase’s Bitcoin IOUs to control the market, therefore shorting BTC and perhaps triggering price […]
Spot Bitcoin ETFs (exchange-traded funds) in the United States closed the past week with their best single-day performance in almost two months. This notable feat signaled a shift in investor sentiment as the crypto products have been experiencing significant capital outflows in the past few weeks. Investors Flood Back To Bitcoin ETFs After Two Weeks […]
SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
Ethereum price is down today as macroeconomic and crypto-specific factors put a dent in investors’ optimism.
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
Order book liquidity refers to the market's ability to absorb large buy and sell orders without influencing the spot price.
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September.
It would be the first time crypto ETF shares that could be traded after-hours in the US.
You don’t have to have had your eyes glued to the markets recently to have noticed that Bitcoin ETFs have been dominating the headlines again this week, in every sphere but that of focus on retail investors. Related Reading: Gold Tops $2500, Steals The Spotlight From Bitcoin – Details In a recent conversation on X, […]
VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.
The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.
According to the latest data, the world’s largest asset manager BlackRock has added another feather to its cap, becoming the company with the largest crypto exchange-traded fund (ETF) holdings. Here’s How BlackRock’s ETFs Compare To Grayscale’s Funds Crypto intelligence platform Arkham revealed in a post on X that BlackRock has usurped Grayscale to become the […]
The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.
Ethereum's projected price surge in 2024 could significantly enhance its role in decentralized finance, despite mixed ETF sentiment.
The post Analysts forecast Ethereum to reach $6,000 in 2024 appeared first on Crypto Briefing.
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 […]
If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.
Network-based memecoins rose 30% in the past 24 hours, leading gains as a sector as optimism around SOL ETFs heats up among some.
Bitcoin's resilience and ETF investors' steadfastness suggest strong market confidence, potentially stabilizing future cryptocurrency investments.
The post Bitcoin back at $55,000 after 8.5% recovery, ETF investors show “diamond hands” appeared first on Crypto Briefing.
Crypto-related investment products experienced outflows of $528 million, ending a four-week streak of inflows, according to CoinShares’ latest weekly report. James Butterfill, the head of research at CoinShares, explained that the outflows were triggered by concerns about a potential US recession, geopolitical issues, and a broader market liquidation impacting significant cryptocurrencies. Meanwhile, the firm noted […]
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