Jersey City Mayor Steven Fulop has announced a plan to allocate a portion of the city’s pension fund to Bitcoin exchange-traded funds (ETFs). This move revealed in a social media post on July 25, signals a significant shift in the city’s financial strategy for including cryptocurrencies. Currently, the Jersey City
Chinese capital Hong Kong announced the launch of a new ETF product on Monday. After its recent launch of spot Bitcoin and Ethereum ETFs, Hong Kong recently announced the launch of an inverse Bitcoin ETF. The capital, in the past few months, has been focusing on developing its cryptocurrency sector
BlackRock, the world’s largest asset manager, has reported a strong performance in the second quarter with assets under management (AUM) climbing to a staggering $10.6 trillion. This marks a nearly 13% increase from the previous year. Further, earnings per share (EPS) also saw growth, rising to $9.99 from $9.06, while
Despite the German government and Mt. Gox selling pressures, the global crypto market displayed a notable rebound, driven by Bitcoin’s (BTC) recovery on July 10. This upward movement comes in the wake of recent market turbulence, as Bitcoin climbed nearly 4.20% to approach the $59,500 zone. At the time of
In the ever-changing world of cryptocurrencies and blockchain, staying ahead requires more than intuition; it demands data-driven strategies. In an insightful interview with Navin Gupta, the CEO of Crystal Intelligence, we delve into the future of crypto, dissecting trends, regulations, and the pivotal role of analytics. Navin begins by explaining
Australia and other major markets such as the United States and Hong Kong are embracing Bitcoin ETFs as an investment option. Along the line, the Australian Securities Exchange Ltd. (ASX), has officially approved the first spot Bitcoin exchange-traded fund. It will begin trading on June 20. Fund issuers like Van
Bitcoin (BTC), the premier cryptocurrency, has displayed significant volatility this week, falling over 3% in the past 24 hours to touch $66,304 after a brief recovery to $68,000 on Thursday. This drop comes in the wake of the Federal Reserve’s decision to maintain the interest rate at 5.25% to 5.50%,
In the last 24 hours, Bitcoin’s price has surged by approximately 1.9%, recently trading above $71,000 and reaching a peak of $71,735. This bullish momentum suggests that the cryptocurrency could climb even higher if BTC manages to break through the key resistance level at $72,000. Despite a significant increase on
Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days
Bitcoin exchange-traded funds (ETFs) worldwide have exceeded 1 million BTC under management, nearly 5% of the largest cryptocurrency’s circulating supply. This signals bullish institutional interest, and mainstream adoption of Bitcoin as an investment asset. Global Bitcoin ETFs and its BTC AUM (Source: The Bold) Signaling a major shift in the
