Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow
As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like
Bitcoin (BTC) surged past the $71,000 mark, marking a strong start to the week following a brief dip in prices last week. The renewed bullish sentiment has been fueled by increased investor interest, with net inflows into Bitcoin exchange-traded funds (ETFs) again turning positive. According to Spot on Chain’s report,
BlackRock’s spot Bitcoin ETF is poised to overtake the Grayscale Bitcoin Trust (GBTC) in terms of Bitcoin holdings within the next few weeks. As of March 22, BlackRock’s ETF holds approximately 243,126 Bitcoin, valued at $15.48 billion, with a steady daily inflow of around $274 million. On the other hand,
Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline
Bitcoin (BTC) surged close to its all-time high, rallying nearly 8.5% to trade above $68,750 as of 7:25 a.m. IST on Tuesday. This marked the second consecutive day of gains for the cryptocurrency, driven by the anticipation of robust demand for exchange-traded funds (ETFs) at the beginning of the week.
Amid a bullish surge in the cryptocurrency market, Bitcoin Cash (BCH) has displayed a significant turnaround, breaking through the $400 mark and soaring by over 30% in the last 24 hours. This surge marks a significant reversal from its recent slump, with BCH now trading at $410, a level not
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
Bitcoin (BTC) continues its upward trajectory, rallying toward the $58,000 mark amidst heightened demand for spot Bitcoin ETFs. With BTC ETF trading volumes surpassing $3.05 billion for the second consecutive day, the market witnesses significant activity, notably with IBIT setting a new record of $1.32 billion in trading volume. The
Bitcoin (BTC) has surged past $57,000, marking its highest level in more than two years. The largest cryptocurrency has defied expectations of a looming price correction, climbing steadily in 2024. The rally, which saw Bitcoin reach $57,148, displayed a significant 12% increase from its previous trading range. This surge comes
