Thu, September 24

London Stock Exchange to Accept Applications for Bitcoin ETN Listing

Applications to list cryptocurrency products, such as Bitcoin and Ethereum Exchange Traded Notes (ETNs), will soon be accepted by the London Stock Exchange (LSE). According to the statement made earlier on Monday by the trading giant, trade is expected to begin in the second quarter of this year. When the

March 26, 2024 2 mins read

Will BlackRock’s Bitcoin ETF Ever Overtake Grayscale’s Holdings?

BlackRock’s spot Bitcoin ETF is poised to overtake the Grayscale Bitcoin Trust (GBTC) in terms of Bitcoin holdings within the next few weeks. As of March 22, BlackRock’s ETF holds approximately 243,126 Bitcoin, valued at $15.48 billion, with a steady daily inflow of around $274 million. On the other hand,

March 25, 2024 2 mins read

Top Executives Voice Support for Spot Bitcoin ETFs in the UK

Kraken UK Managing Director Bivu Das said that Bitcoin ETFs should “absolutely” be introduced to the UK. Das said that a lot has happened since the UK banned such products in 2021 during an interview at the London Digital Asset Summit. Das stated: “And if anything, some of those concerns

March 25, 2024 2 mins read

Argentina Sees Surge in Bitcoin Demand Amidst Peso Collapse

According to a recent study, Argentina has had its largest demand for Bitcoin (BTC) in 20 months, as Argentines try to hold on to their assets amidst the continued collapse of the Argentine peso, the national currency. Almost 35,000 Argentine clients bought Bitcoin in the week ending March 10, according

March 24, 2024 1 min read

Analyst Anticipates Bitcoin Surge as GBTC Records Mere $170M Outflow

The shift in momentum regarding institutional Bitcoin outflows may have already taken place. New information from several sources, including the UK-based investment business Farside, indicates that on March 22, the Grayscale Bitcoin Trust (GBTC) witnessed outflow of a mere $170 million. There has been a net decrease in assets under

March 23, 2024 1 min read

Bitcoin Struggles to Break $68,000, Should Investors Worry?

Despite recent favorable movements in the crypto market, Bitcoin (BTC) investors encountered hurdles as the leading cryptocurrency struggled to breach the key resistance level of $68,000. However, following a brief dip to $61,164 on March 20th, Bitcoin managed to recover, maintaining a position above the $66,000 to $67,300 range. Bitcoin’s

March 22, 2024 1 min read

JPMorgan Warns of Bitcoin’s Overbought Status Ahead of Halving

This past week, Bitcoin’s inherent volatility was on full display, thrusting it back into the spotlight. With all the ups and downs, Bitcoin’s price dropped 9% in the last week. At the time of writing, it is trading at $65,472. Despite Bitcoin’s slight recovery this week, the biggest cryptocurrency by

March 22, 2024 2 mins read

Bitcoin (BTC) Down 8% In a Week: Is This the Reason?

Bitcoin has once again taken center stage, showcasing its characteristic volatility over the past week. Amidst fluctuations, Bitcoin experienced a notable 9% decrease in price within seven days, settling at its current trading value of $66,873.57. A significant development accompanying this price movement is the observed decline in trading volume,

March 21, 2024 2 mins read

Bitcoin Dips Below $61K Amid ETF Outflows & Fed Decision

Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline

March 20, 2024 2 mins read

Grayscale CEO Plans Fee Reduction for Spot Bitcoin ETF as Market Matures

Crypto asset manager Grayscale’s chief executive officer Michael Sonnenshein has announced a fee reduction plan for the company’s flagship Bitcoin exchange-traded fund, the Grayscale Bitcoin Trust (GBTC). In a U-turn from defending its increased charges, Sonnenshein said that costs would decrease after GBTC outflows exceed $12 billion. According to Grayscale

March 20, 2024 2 mins read