With the announcement of yet another significant reduction in sponsor fees, investment management company VanEck has strengthened its position in the spot Bitcoin exchange-traded fund (ETF) market. The crypto community has responded to the news of the fee reduction, which was announced on the official twitter page of VanEck. Until
With the majority of the funds it garnered from its recent convertible debt offering, MicroStrategy (MSTR) has bought 12,000 more bitcoin (BTC). Led by Michael Saylor, a strong supporter of bitcoin, MicroStrategy now has 205,000 BTC worth around $14.7 billion. According to a post by Saylor on Monday on twitter,
In a press release on Monday, the Financial Conduct Authority (FCA) of the United Kingdom confirmed that it will not oppose efforts by Recognised Investment Exchanges (RIEs) to establish a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This move further confirms the growing institutionalization of crypto markets. Professional
According to Edul Patel, CEO and co-founder of Mudrex, an Indian cryptocurrency investing platform, institutional and individual investors in India will soon be able to purchase U.S. spot bitcoin (BTC) ETFs. Since this was previously accessible to retailers, Patel said in an interview that it is far more beneficial to
Today, bitcoin price reached a new all-time high of over $72,000. As per statistics from CoinMarketCap, the largest cryptocurrency reached a new peak of around $72,300. New spot bitcoin exchange-traded funds (ETFs) and expectations that the U.S Federal Reserve would soon reduce interest rates have likely pumped up BTC prices.
MicroStrategy’s Bitcoin holdings have been surpassed by BlackRock’s spot Bitcoin exchange-traded fund (ETF). As of March 8, around 40 trading sessions after the approval of nine new funds by the U.S SEC on January 10, data collected by BitMEX Research indicates that BlackRock’s IBIT possesses 197,943 Bitcoin, with a value
On Saturday afternoon, Bill Ackman, founder and CEO of Pershing Square Capital Management, diverted part of his focus to Bitcoin, playfully speculating that the price of the greatest cryptocurrency in the world may go far higher than anybody could have predicted. Ackman in a post on twitter stated: “Bitcoin price
On March 9, the total value locked in DeFi protocols surpassed $100 billion, thanks to the demand for Bitcoin which is boosting the mood surrounding the crypto sector. Data from DefiLlama shows that decentralized financial protocols have a total value locked (TVL) of $100.1 billion, with a volume of over
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. A month passed before the new products’ combined trading volume surpassed $50
In the run-up to the pivotal halving, Bitcoin miners had hoped for a rapid mining rate. Bitcoin miners have reportedly hit a new monthly energy consumption peak, according to a Bloomberg article. Bitcoin prices have remained high and skyrocketed due to the supply shock and the simultaneous increase in the
