Notable cryptocurrencies began the week on a negative note as investors worry about potential huge bitcoin sales and are likely reducing their market exposure in preparation for potential price drops. “I think we break $40k,” BitMEX co-founder Arthur Hayes said in a fresh Bitcoin price forecast released on Monday. This
Crypto Quant reports that as of January 19th, issuers of spot Bitcoin ETFs had over 638,000 bitcoins in their possession. This amounts to almost $27 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) has the biggest amount of Bitcoin—566,973 BTC. Next in line with 28,662 BTC is BlackRock’s iShares spot
The cryptocurrency market is abuzz with anticipation as Bitcoin, the pioneer of digital assets, sets its sights on a significant milestone. The question on everyone’s mind is whether Bitcoin will achieve the much-discussed $100,000 mark by the year 2024. While Bitcoin’s journey to this valuation has been a topic of
The $8.6 trillion asset management behemoth Vanguard Group Inc. has taken a conservative stance on the crypto market, especially in the wake of the U.S launch of a spot Bitcoin ETF. “Avoid Bitcoin like the plague,” reportedly cautioned renowned investor Jack Bogle in 2017. Sticking to the cautious investment strategy
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
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,
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
Venture Smart Financial Holdings, which touts itself as Hong Kong’s first approved virtual asset manager, is gearing up to launch its spot Bitcoin exchange-traded fund (ETF) in the first quarter of this year, striving for $500 million in assets under management by the end of 2024, as per Bloomberg. Hong
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
Ethereum, the second-largest cryptocurrency, is at a crucial crossroads as it grapples with resistance levels and shifting market dynamics. Over the past week, ETH has experienced a 5% decline, currently trading at $2,462, with a 2.38% dip in the last 24 hours. Ethereum’s recent struggles to surpass $2,550 and $2,580
