Approximately two weeks after the shares were made available for trading, asset management company Bitwise made public the Bitcoin addresses of its spot BTC ETF fund. Moreover, announcing that “anyone can verify” holdings for its Bitwise Bitcoin ETF (BITB) on the New York Stock Exchange Arca, the business made the
Tesla, the pioneering automotive giant led by Elon Musk, has disclosed that it retained its entire Bitcoin (BTC) reserves valued at $336 million throughout the fourth quarter of 2023, as confirmed in the company’s latest earnings report. The report detailed that Tesla neither bought nor sold Bitcoin during this period.
Mike McGlone, a senior commodity analyst at Bloomberg, predicts that Bitcoin would underperform the stock market in 2024 when adjusted for risk, while gold could emerge victorious. In spite of the optimistic talk around the impending Bitcoin halving and the recent approval of spot Bitcoin ETF, the biggest cryptocurrency may
As part of its attempts to reorganize after filing for bankruptcy in 2022, Core Scientific, a bitcoin mining corporation located in Texas, has stated that it would resume trading on Wednesday and return to Nasdaq. In a statement released on Tuesday, the firm said that it has successfully reduced $400
The Bitcoin market is grappling with a significant shift in momentum as selling pressure intensifies, giving bears the upper hand. The prominent asset manager, Grayscale, known for overseeing the Grayscale Bitcoin Trust (GBTC), is playing a pivotal role in driving this trend. While initial excitement over spot Bitcoin ETFs led
Grayscale has experienced massive losses amounting to billions of dollars. Total platform outflows reached approximately $2.2 billion on the fifth trading day of spot Bitcoin ETF, with Grayscale seeing a substantial outflow of $579.6 million. Grayscale has deposited 63,991 Bitcoin, worth about $2.68 billion, according to statistics from Lookonchain. It
A market sizing analysis from crypto exchange Crypto.com states that by the end of 2023, more than half a billion individuals have become users or owners of cryptocurrencies. From 432 million in 2022 to 580 million in 2023, the number of crypto users worldwide jumped 34%, according to the company’s
The co-founder of BitMEX, Arthur Hayes, recently predicted that Bitcoin prices would go under $40,000 in a fresh forecast made on Monday. The approaching US Treasury quarterly refunding statement and a long-term projection of $5,000 for Ethereum (ETH) and $200 for Solana (SOL) have both contributed to the shift in
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
