Fri, July 24

U.S Bitcoin ETFs Trigger Outflows from European Bitcoin ETP

Since spot BTC ETFs were introduced in the US, one analyst has seen an uptick in bitcoin exchange-traded fund outflows from Europe. This change in the market, according to CoinShares Research Associate Luke Nolan, exemplifies a pattern in which American institutional traders are presumably shifting their focus to the newly

January 20, 2024 2 mins read

Can Bitcoin Cross $45K Amidst Bearish Trends?

In a recent turn of events, the price of the largest cryptocurrency Bitcoin has faced a period of stagnancy following the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission.  Despite initial excitement surrounding the ETF, the cumulative holdings of all Bitcoin ETFs

January 20, 2024 2 mins read

Fidelity’s Bitcoin ETF Second to Surpass $1B AUM in One Week

Within one week of its inception, Fidelity Investment’s spot Bitcoin (BTC) ETF has amassed more than $1 billion in assets under management (AUM), making it the second ETF provider to achieve this feat. According to Bloomberg data, Fidelity’s Wise Origin Bitcoin Trust hit this mark on its fifth trading day,

January 20, 2024 2 mins read

SEC Acknowledges Applications for Options Trading on Spot Bitcoin ETFs

The United States SEC acknowledged the application for options trading on spot Bitcoin ETFs within three days of its filing. The 19b-4s asking for authorization to trade options on spot Bitcoin ETFs have been acknowledged by the U.S. SEC, according to Bloomberg’s senior ETF analyst James Seyffart. The standard procedure

January 20, 2024 1 min read

Grayscale CEO Justifies 1.5% Bitcoin ETF Fee Despite Competition

Michael Sonnenshein, CEO of Grayscale Investments, defends the market-leading 1.5% fee of the Grayscale Bitcoin Trust ETF (GBTC) despite concerns. Even though the U.S. SEC recently approved many Spot Bitcoin ETFs, Sonnenshein boldly claims that the majority of them will fail, casting doubt on their dedication to the asset class

January 19, 2024 2 mins read

Bitcoin Breaks Below Key Support as Price Faces Severe Sell-off

With its newly launched spot Bitcoin ETF, ARK Invest is continuing its migration away from the ProShares Bitcoin Strategy ETF (BITO). With the sale of 758,915 BITO shares for almost $15 million via its ARK Next Generation Internet ETF (ARKW) on January 18th, the business made a disclosure. ARK Invest

January 19, 2024 2 mins read

Why is Bitcoin Dropping? Unraveling Grayscale’s BTC Selling Spree

The flagship cryptocurrency, Bitcoin (BTC), is currently witnessing a downturn, with Grayscale, one of the largest holders of Bitcoin, engaging in a significant sell-off. This move has left investors and market analysts speculating about its reasons and potential impact on the global crypto market. The catalyst for this development came

January 19, 2024 2 mins read

Bitcoin Mining Achieves 54.5% ATH Sustainable Energy Usage

According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast

January 19, 2024 1 min read

BlackRock’s Spot Bitcoin ETF Hits $1 Billion AUM in First Week

With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:

January 18, 2024 1 min read

Singapore Strikes Out Spot Bitcoin ETFs for Retail Investors

After receiving clearance from the U.S SEC, Spot Bitcoin ETFs have lately gained immense market interest. However, retail investors cannot purchase Spot Bitcoin ETFs due to a ban imposed by the Monetary Authority of Singapore (MAS). The regulatory body has banned listing of Spot Bitcoin ETFs in the nation. Bitcoin

January 18, 2024 2 mins read