According to Edul Patel, CEO and co-founder of Mudrex, an Indian cryptocurrency investing platform, institutional and individual investors in India will soon be able to purchase U.S. spot bitcoin (BTC) ETFs. Since this was previously accessible to retailers, Patel said in an interview that it is far more beneficial to
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. A month passed before the new products’ combined trading volume surpassed $50
The crypto market titan Bitcoin (BTC) has entered a bullish streak, achieving a significant breakthrough by exceeding the $64,000 zone for the first time since November 2021. BTC’s rally continued as it peaked at a new yearly high of $64,058 on February 28, marking a 12% price surge in just
The Spot Ethereum ETF frenzy has begun, after the Spot Bitcoin ETF mania. Amidst the excitement around the Ether ETF, it has come to light that Kraken, the second-largest cryptocurrency exchange in the US, is considering joining the crypto ETF custodian race, similar to Coinbase. Of the eleven Spot Bitcoin
CryptoQuant, a company that provides on-chain data and analysis, has made a bullish prediction for bitcoin price in 2024. The company said that bitcoin price could hit $112,000 this year if the inflows from spot exchange-traded funds (ETFs) continue at the current rate. The company also said that the worst-case
Nine newly launched spot Bitcoin ETFs have accumulated more Bitcoins than MicroStrategy, the leading corporate investor in the cryptocurrency. The ETFs, which were approved by the US Securities and Exchange Commission (SEC) on January 10, 2024, have bought 216,309 Bitcoins, worth $10.3 billion, in just 20 days. HODL15Capital, a self-styled
Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), expressed concern that the recent licensing of spot bitcoin ETF products poses dangers and reiterated his need for federal legislation to govern cryptocurrency. Behnam made these comments two weeks after the first group of spot bitcoin ETFs were authorized by
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
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
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
