With little sign of reducing anytime soon, Grayscale Bitcoin ETF GBTC’s Bitcoin holdings are steadily dwindling. After the fund lost more than 2,500 Bitcoin on Friday, April 12, the withdrawals from GBTC soared beyond $166 million. Farside Investors reports that since the Bitcoin ETF debuted in January of this year,
The cryptocurrency market experienced a notable downturn over the past 24 hours, marking a stark departure from the bullish trajectory witnessed throughout much of 2024. Bitcoin (BTC), the largest cryptocurrency by market cap, plummeted to a low of $65,254, marking a considerable drop from its recent high of $70,952. Similarly,
As the much-anticipated Bitcoin halving event draws closer, the crypto community finds itself divided on its potential impact on the market. With just seven days remaining, Bitcoin’s price has shown little movement, prompting speculation and differing opinions. Over the past month, Bitcoin has experienced a modest 3% decline in value,
According to the most recent edition of Reuter’s Inside ETFs, the remarks made by Grayscale CEO Michael Sonnenshein about Bitcoin ETFs seem to have sent shockwaves across the cryptocurrency market throughout the world. On April 10, investor interest was piqued by Michael Sonnenshein’s statement that Grayscale Bitcoin Trust (GBTC) outflows
Hong Kong is poised to greenlight Bitcoin Exchange-Traded Funds (ETFs) this month, marking a monumental shift in the global investment landscape. The impending approval by the Hong Kong Securities Regulatory Commission (SFC) comes hot on the heels of the U.S. Securities and Exchange Commission’s (SEC) decision to embrace Spot Bitcoin
Remarkably, prominent crypto skeptic Peter Schiff recently posted on X, claiming that the current price surge in Bitcoin is an attempt to attract ETF investors, predicting that the bounce would be short-lived and that the price of BTC will soon collapse. Investors are worried about the overall volatility of the
Later this year, NiceHash, an industry pioneer in Bitcoin mining, will conduct its first conference to commemorate ten years of development and innovation. The firm, which will celebrate its tenth anniversary on April 8, has set the historic NiceHashX conference, which revolves on Bitcoin, for November 8–9. Maribor, Slovenia, is
The year 2024 is shaping up to be a game-changer in many aspects. Amidst the buzz surrounding advancements in AI and 5G technologies, one crucial aspect of 2024 that has been overlooked is the record number of elections taking place worldwide in recent memory. Over 64 countries, including 7 of
According to ARK Invest CEO Cathie Wood, Bitcoin’s (BTC) ascent might be attributed to its status as a “flight to safety” from depreciating fiat currencies. In an interview that was made public on April 3 by CNBC, Wood characterized BTC as an investment that has both upside and downside risks.
Bitcoin Market—Asian investors are experiencing wild swings as automated trading systems react swiftly to data from US exchange-traded funds (ETFs) holding the cryptocurrency. This phenomenon was evident on Tuesday when Bitcoin faced its sharp decline in a month during Asian trading hours, driven by outflows from these ETFs. According to
