Sat, October 17

U.S Bitcoin ETFs See First Net Outflows in 19 Days, BTC Price Tanks

Monday marked the end of the longest inflow run of 19 days for the 11 U.S. spot bitcoin exchange-traded funds, as a daily net outflow of $64.93 million was recorded. With $40 million in outflows this week, Grayscale’s GBTC was far and away the biggest loser. According to statistics from

June 11, 2024 2 mins read

Japanese Firm Metaplanet Boosts Bitcoin Holdings, Stock Price Soars

Metaplanet, a Japanese investment firm, has expanded its Bitcoin holdings by a substantial amount. This bold step demonstrates the firm’s increasing faith in Bitcoin’s value and mirrors the general trend of institutional investors pouring more money into the crypto market. Moreover, Metaplanet, dubbed “Asia’s MicroStrategy,” had its stock price soar

June 11, 2024 1 min read

U.S Bitcoin ETFs’ Massive Purchases Surpasses Mining Supply Ratio

In the first week of June, spot Bitcoin ETFs in the US purchased the equivalent of over two months’ worth of BTC’s mining supply. According to statistics from HODL15Capital, the 11 ETFs had inflows of almost $1.83 billion during the trading week of June 3–7, purchasing 25,729 Bitcoin — about

June 10, 2024 1 min read

Can Bitcoin Overcome Resistance After Second Highest Weekly Close?

Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due

June 10, 2024 2 mins read

Over 22,000 Bitcoin Exit Crypto Exchanges Amid Market Turbulence

It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number

June 9, 2024 1 min read

Fidelity Investments Secures Revenue-Sharing Deals with ETF Managers

A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs

June 8, 2024 1 min read

Bitcoin Dips Below $70K Amid Market Selloff

Bitcoin (BTC) displayed a significant pullback today, flipping its earlier gains and hardly maintaining a week-over-week increase. On Friday the cryptocurrency briefly teased an all-time high in the $71,918 range before retreating in U.S. trading, with its price standing at $68,507, down 4.74% in the past 24 hours. This decline

June 8, 2024 2 mins read

Will Bitcoin Surpass $72K Resistance Level to Reach a New High?

Bitcoin bulls are struggling to sustain the price range between $ 69K-$71K range. The duel of bulls and bears fluctuates the BTC price but analyst predicts that sooner the asset may take up the bullish rally. The ignited record high of Bitcoin’s $94 trillion in global liquidity, that the worldwide

June 7, 2024 2 mins read

Spot Bitcoin ETFs Witnesses Significant Inflows, Fidelity Takes the Lead

Amidst Bitcoin’s price surge beyond $71,000 recently, substantial inflows into the U.S.-based spot Bitcoin ETFs have restarted. Bitcoin exchange-traded funds (ETFs) saw inflows of about $500 million on Wednesday, with Fidelity’s FBTC maintaining the lead. Despite BlackRock’s long-standing dominance in spot Bitcoin ETF inflows, Fidelity’s FBTC has lately overtaken it.

June 6, 2024 1 min read