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Bitcoin ETFs, Ethereum Staking, Stablecoins Power Crypto Growth In 2024: Coinbase Report
Thursday, October 17, 2024 - 12:11pm | 574In their joint “Q4 Guide to Crypto Markets,” Coinbase (NASDAQ:COIN) Institutional and Glassnode report a growing and maturing crypto market despite Bitcoin‘s (CRYPTO: BTC) range-bound price action over the last six months. What Happened: Their analysis shows that despite the lack...
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Bitcoin Closes In On $65K As ETFs See Over $400M In Net Inflows
Monday, October 14, 2024 - 9:50am | 498Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) saw an inflow surge totaling $407 million last week. The inflow was driven primarily by shifting political winds rather than monetary policy considerations. What Happened: The recent U.S. vice presidential debate and...
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Bitcoin's 'Next Big Jolt' To Be From ETF Options, Says Galaxy CEO Michael Novogratz: '...Don't Know If It's In Three Weeks Or A Month'
Wednesday, October 2, 2024 - 3:44am | 643In a recent interview, Michael Novogratz, CEO of Galaxy, predicted a significant boost for Bitcoin (CRYPTO: BTC) with the advent of options trading on ETFs. This forecast comes amidst ongoing discussions about the Federal Reserve’s interest rate decisions and their potential impact on Bitcoin...
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US Inches Closer To Reclaiming Bitcoin Leadership Driven By Growing Spot ETF Demand, Analyst Reports
Thursday, September 26, 2024 - 5:01am | 674Ki Young Ju, a prominent cryptocurrency analyst, drew attention to the U.S. regaining its supremacy in Bitcoin (CRYPTO: BTC) holdings, with the rise attributed to spot exchange-traded funds (ETFs) demand. What Happened: On Tuesday, Ki Young Ju took to X to highlight the growing U.S To The Rest...
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Bitcoin ETF Hype Fades As IBIT Slumps Below Key Averages — Did Investors 'Bet On The Wrong Horse'?
Tuesday, September 10, 2024 - 10:50am | 727The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is struggling to maintain momentum after a strong start to 2024. While the ETF is up 22.08% year-to-date, it's down a troubling 20.94% over the last six months. After an initial surge following its Jan. 11 debut, IBIT has slipped, leaving investors...
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Bitcoin Excels During US Trading Hours, But ETF Inflows Yet To Catch Up: Total Assets In Funds Fall 9% In Past 4 Weeks
Wednesday, August 14, 2024 - 5:28am | 688Bitcoin’s (CRYPTO: BTC) performance has been notably stronger during U.S. trading sessions over the past month, but the higher interest was yet to translate into substantial inflows into exchange-traded funds. What Happened: On Tuesday, Daan Crypto Trades, a widely followed cryptocurrency...
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Bitcoin Nears $58K, Triggering Downward Spiral Of Bitcoin ETFs Amid Market Selloff
Monday, August 12, 2024 - 6:59am | 585The price of Bitcoin (CRYPTO: BTC) is approaching $58,000, leading to a significant decrease in exchange-traded funds (ETFs). What Happened: According to Benzinga Pro, the iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw a decrease of 3.53% during Monday’s pre-market trading. The Grayscale Bitcoin...
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Bitcoin ETFs Under Fire: Economist Predicts Trouble Ahead
Thursday, July 18, 2024 - 9:36am | 730Economist Peter Schiff has recently criticized Bitcoin exchange-traded funds (ETFs). While seasoned investors are selling their Bitcoin holdings in the spot market, less experienced investors are buying through ETFs, Schiff suggested. This could potentially set investors up for financial loss. On...
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Missed Out On Nvidia? Michael Saylor Says 'Get On The Bitcoin Standard' For Even Better Returns
Wednesday, July 17, 2024 - 10:43am | 1359Semiconductor stock NVIDIA Corporation (NASDAQ:NVDA) has been one of the best performing stocks over the last year and five years, but has been beaten by software company MicroStrategy Inc (NASDAQ:MSTR) for one key reason. What Happened: Nvidia stock is up 2,878% over the last five years and up 172...
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Bitcoin Spot ETFs Take In $79M On Thursday: Why Are They Suddenly On A Roll?
Friday, July 12, 2024 - 8:45am | 629Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) experienced net inflows of nearly $79 million on Thursday, extending their positive streak to five consecutive days. What Happened: According to The Block, BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) led the inflows with $72.09 million....
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Bitcoin Option Traders Expect Near-Term Volatility, Crypto-Asset Trading Experts Say
Thursday, July 11, 2024 - 12:14pm | 516Bitcoin (CRYPTO: BTC) option traders are bracing for heightened volatility in the near future, according to a new report from QCP Capital. What Happened: The analysts on Thursday highlighted a five-point rise in front-end volatility for bitcoin options, The Block reported. This surge in volatility...
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Bitcoin Spikes To $59K, Retraces The Gains: What Is Going On?
Thursday, July 11, 2024 - 11:16am | 487Bitcoin (CRYPTO: BTC) spiked in early Thursday trading on positive macroeconomic data and strong ETF inflows before falling back below $58,000. What Happened: U.S. inflation turned negative in June, with the Consumer Price Index (CPI) reporting a negative 0.1% rate for June, against forecasts of a...
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Bitcoin Spot ETFs Keep Buying The Dip This Week: Here's Why
Wednesday, July 10, 2024 - 10:05am | 554Bitcoin (CRYPTO: BTC) spot ETFs recorded $216 million in net inflows on Tuesday after an already strong start to the week. What Happened: SoSoValue data shows BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) leading the charge with $121.03 million in inflows, followed by Fidelity‘s...
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What Dip? Bitcoin ETFs Shake Off 'Dumb Money' Label With $300M Inflows
Tuesday, July 9, 2024 - 9:23am | 574Spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) saw nearly $300 million in net inflows on Monday — the highest since early June when BTC traded over $70,000. What Happened: Data from SoSoValue shows BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) led the buying spree with $187 million in...
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Bitcoin On Track To Hit New All-Time High By Weekend, Says Standard Chartered Analyst
Tuesday, May 21, 2024 - 11:40pm | 556Bitcoin (CRYPTO: BTC) is expected to reach a new all-time high by the weekend, according to a prominent analyst at Standard Chartered Bank. What Happened: Geoff Kendrick, the Head of FX Research and Digital Assets Research at Standard Chartered, predicted that Bitcoin could hit a new all-time high...