According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion
Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level
The approval of Bitcoin ETFs has caused them to gain a great deal of interest. When compared to other recently introduced ETFs, Blackrock’s performance stands head and shoulders above the competition, with the most assets under management and net inflows. Market players are now expecting bigger inflows this year due
Spot Bitcoin ETF issuers are still at battle over fees, and VanEck has quietly shifted gears by slashing fees. A 5 bps drop in the sponsor fee for VanEck’s spot Bitcoin ETF is detailed in a document the company made with the U.S SEC. Sponsor fees for VanEck’s Bitcoin ETF
Ethereum staking value has hit a new record of $110 billion as the number of ETH locked in the Beacon Chain has reached an all-time high. The network has also grown after the Shapella Upgrade that enabled access to staked ETH. The price of Ethereum has hit $2,848.93, a multi-year
Bitcoin soared above $52,000, marking an unexpected high after two years with a 5% surge over the past 24 hours. This milestone has ignited jubilation within the cryptocurrency community, fueling anticipation and fervor for what lies ahead. Adding to it, there is a notable surge in net inflows into Bitcoin
Bitcoin, the leading cryptocurrency by market capitalization, has once again captivated investors, keeping them on the edge of their seats. After experiencing a rollercoaster ride throughout 2022 and 2023, as reminiscent of the bullish scenes in 2021, Bitcoin surged past the highly anticipated $50,000 mark yesterday, now surpassing $51,000. Currently,
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
The Super Bowl, one of the biggest events for marketing events in the US, will have no crypto ads for the second year in a row. Most major crypto companies, including Coinbase, Kraken, and Bitcoin spot ETF providers, have decided to skip the advertising opportunity, citing various reasons. The main
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
