ETF Bitcoin: $105 Million Evaporated, are Investors in Despair? – Cointribune EN
9:05 ▪ 3 Reading time: minutes ▪ Author: Micaiah A. The world of Bitcoin ETFs is going through a difficult phase after the recent cryptocurrency market crash. The subsequent sell-off has triggered a wave of massive outflows and undermined investor confidence. Although the situation is concerning, there is a ray of hope that the trend […]
How USDT, USDC played a part in Bitcoin, crypto-market’s fall and recovery – AMBCrypto News
USDT and USDC surge by nearly $3 billion amid crypto market downturn Tether’s USDT recorded $1.5 billion in deposits, while Circle’s USDC recorded $820 million. The entire cryptocurrency market collapsed on Monday despite its previous strong performance. Earlier this week, the global stock market crash sent all cryptocurrencies lower. However, stablecoins defied market expectations throughout […]
Morgan Stanley’s Bitcoin ETF push is a 'death wish,' says former SEC official – Cointelegraph
Morgan Stanley, the largest asset manager in the United States, could face a tough compliance scrutiny for allowing its entire team of financial advisors to pitch a Bitcoin exchange-traded fund (ETF), former Securities and Exchange Commission (SEC) official and cryptocurrency skeptic John Reed Stark has warned. “Morgan Stanley has subjecting itself to the largest examination […]
Here’s why it’s Ethereum vs Bitcoin in the macro capital markets now – AMBCrypto News
Ethereum lags behind Bitcoin in institutional demand Ethereum holds a strong lead over Bitcoin in one key area. The spot Ethereum ETF may have brought some excitement to the market, but the enthusiasm has not been on par with that seen with Bitcoin, which is consistent with Bitcoin’s promotion by the political elite. This observation […]
Bitcoin, crypto shares plunge as investors pull back on risky stocks amid fears of recession
Bitcoin and U.S. cryptocurrency stocks fell sharply on Monday along with the rest of the stock market as weak jobs data and the Fed’s decision to hold off on cutting interest rates stoked fears of a U.S. economic recession. Bitcoin prices have fallen more than 15% over the past five days, dropping below $55,000 to […]
Morgan Stanley tells financial advisers they can pitch Bitcoin ETFs as crypto bets big on Trump presidency: report
Morgan Stanley is reportedly getting involved in a Bitcoin ETF. Morgan Stanley’s roughly 15,000 advisors can reportedly guide clients in buying shares in BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. CNBC reported the story based on anonymous sources.. Reports of a policy shift by Morgan Stanley, the sixth-largest U.S. bank, come as […]
Tim Scott champions Bitcoin as investment opportunity
Senator Tim Scott (R-Lausanne-Concord) first publicly voiced his support for Bitcoin and cryptocurrencies at the Bitcoin 2024 conference. The South Carolina Republican’s comments will come as a major boost to crypto investors, given that Scott is the ranking Republican on the Senate Banking Committee, which oversees the Securities and Exchange Commission. During a one-on-one discussion […]
Grayscale sheds $20B from Bitcoin and Ether ETFs – Cointelegraph
Asset management firm Grayscale Investments recorded combined outflows of more than $20.4 billion from its Bitcoin and Ethereum spot exchange-traded funds (ETFs). The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of about $137.7 million a day in the seven months since its launch on Jan. 11. As of July 29, GBTC had recorded […]
Donald Trump shakes the financial order at the Bitcoin Conference
When President Donald J. Trump took to the stage in Nashville on Saturday to deliver an impassioned speech to thousands of raucous attendees, it was a historic moment in bitcoin and international finance history, as it marked the first time a leading presidential candidate (sorry to RFK Jr., who spoke on Friday) has fully defended […]
Trump and RFK Jr., speaking at the Bitcoin conference, call for rejecting centralized banking
This weekend, presidential candidates Donald Trump and Robert F. Kennedy Jr. excited crypto enthusiasts and investors with their speeches at the 2024 Bitcoin Conference in Nashville, Tennessee. Speaking on a conference panel, Kennedy described the government’s reliance on the Federal Reserve as “parasitic.” “The relationship between Congress and the Federal Reserve is both parasitic and […]