Bitcoin is currently trading at $64,420.02, marking a 2.04% increase in the last 24 hours. Its market capitalization surged to $1.27 trillion, showing a similar 2.04% rise. Meanwhile, the 24-hour trading volume reached $29.24 billion, increasing by 3.52%. This steady price movement highlights a bullish sentiment in the market. Institutional
The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has made waves in the crypto market and the global financial markets, sweeping the community’s attention since January. The total Bitcoin held by these U.S. ETFs is on the brink of surpassing Satoshi Nakamoto’s 1.1 million BTC cache. Bitcoin
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
The crypto market is in a bearish trend, and amid this downturn, the U.S. spot Bitcoin exchange-traded funds (ETFs) had a significant net inflow. While the German government has been going through a strong selling spree throughout this week, the spot Bitcoin ETFs in the U.S. witnessed significant accumulation. According
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
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
A total of $132 million in BTC has left the market this year. ETFs, serve as a proxy for the cryptocurrency market’s interest in Bitcoin. It was the third-largest daily inflow of Bitcoin (BTC) for the Purpose Bitcoin ETF, based in Canada. According to statistics given by Glassnode, investors contributed
The U.S SEC maintains the same strong opposition for BTC ETF . Unofficially it seems the BTC ETF for Grayscale and Bitwise will get rejected. The official approval or disapproval will be out in February, 2022. It seems the United States Securities and Exchange Commission (SEC) will always be in
U.S SEC disapproves of BTC spot ETFs. However, BTC Futures ETFs have been approved by the SEC . Congressmen vividly fought back questioning Gary Gensler, the chairman of the U.S SEC. The Exchange-Traded Fund (ETF) is one of the most sorted out investments in regards to the stocks. In such
BTC may soon reach a new ATH within this year. Overall buying of BTC is on the rise. 254 new whale buyers into BTC since September. The king of the cryptos, the Bitcoin (BTC), sets a new record now. Nothing yet upon its ATH though! Now the entire BTC network
