Net flows for Bitcoin Spot ETFs in the US showed significant volatility for the week ending April 26, 2024. Additionally, when they lost momentum, these ETFs had a huge $328 million net outflow for the week. In addition, the Bitcoin price fell just before this outflow spiked, which may have
The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion. Bitcoin is facing challenges in maintaining support levels
The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,
Since spot Bitcoin ETFs were established in the U.S in January, BlackRock iShares Bitcoin Trust (IBIT) saw its first day of zero inflows. In the seven days after its opening on January 11th, IBIT has amassed almost $15.5 billion in investment capital, with daily investments totaling millions of dollars. On
After suffering outflows earlier in the week, spot Bitcoin exchange-traded funds (ETFs) in the U.S saw a rebound on Friday with inflows of about $60 million. As investors rejoice over Bitcoin’s fourth successful halving, BlackRock (IBIT) and Fidelity (FBTC) saw increased inflows. Bloomberg and Farside Investors reported on April 20
In a recent tweet, analyst Chris O shared two intriguing price scenarios for Cardano (ADA), offering insights into the potential growth of the cryptocurrency in the coming months. Chris O’s analysis has sparked excitement within the Cardano community, as the projections suggest substantial gains for ADA holders. The analyst’s conservative
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
The U.S SEC has reached a settlement in a lawsuit that requested the disclosure of information pertaining to any conflicts of interest in the SEC’s enforcement actions regarding crypto. The head of the government watchdog group Empower Oversight explained the reasoning for the decision to settle the case with the
In a remarkable feat since their launch in January, nine out of the 10 new spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over 500,000 BTC, now constituting 2.54% of the current circulating supply. This milestone, achieved within a mere 54 trading days, underscores the growing significance of ETFs in
In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to
