Fidelity Bitcoin ETF rakes in reported $208M, offsetting Grayscale outflows alone – Cointelegraph
Fidelity’s Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded $208 million in daily inflows on January 29th, the first time it has received an inflow from the Grayscale Bitcoin Trust outside of its launch date. It is reported that the amount exceeded the outflow. According to provisional data According to Farside Investors, Fidelity’s inflows into FBTC […]
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50% – Cointelegraph
Bitcoin (BTC) was stuck at $42,000 in Wall Street trading on January 29 as new exchange-traded funds (ETFs) began to outflow. BTC/USD 1 hour chart. Source: TradingView Bitcoin ETF comfortably absorbs GBTC outflows Data showed that BTC price trend continues to retreat from the local high of $42,800 seen over the weekend. Fresh off a […]
Bitcoin nears key weekly close as analyst says 20% BTC price dip 'over' – Cointelegraph
Bitcoin (BTC) held near $42,000 on January 27th as a rally in BTC price late in the week gave traders confidence in new upside. BTC/USD 1 hour chart. Source: TradingView Bitcoin likely to re-challenge $48,000 Cointelegraph Markets Pro and TradingView Showing off a classic cool weekend price action, the focus was $41,800. It rose 5% […]
Traders swoop on bitcoin 'cash and carry' trade after ETF launches – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Futures traders are jumping on the arrival of the first U.S. spot Bitcoin exchange-traded fund, stepping up lucrative bets on volatile movements in crypto-related prices. The number of Bitcoin futures contracts open at Chicago's CME Group rose […]
Bitcoin traders expect a return to swing highs after BTC price hits $42,000 – Cointelegraph
Bitcoin (BTC) price has topped $42,000 for the first time in nearly seven days as the market recovers from the aftermath of the spot Bitcoin exchange-traded fund (ETF)-related decline. Cointelegraph Markets Pro and TradingView shows that Bitcoin rose rapidly from its January 26 price of $39,545 to trade at $41,973, up 5%. BTC/USD daily chart. […]
Bitcoin Could Fall Back to Mid-$20K Area: Chris Burniske – CoinDesk
Bitcoin {{BTC}} local bottom has not been reached yet. chris burniske saida partner at venture capital firm Placeholder and former head of crypto at Ark Invest. He expects prices to fall to at least the $30,000 to $36,000 range, and wouldn't be surprised if the mid-to-high $20,000 region is tested before eventually hitting a new […]
US gov's planned $118M Bitcoin sale is 'peanuts' compared to GBTC – Cointelegraph
The US government's planned sale of approximately $118 million in seized Silk Road Bitcoin (BTC) should not be seen as a cause for concern, market commentators say. Confiscation on January 10th newsThe report, which went viral on social media on January 24th, indicates that the government plans to dispose of 2,934 BTC after the January […]
11 Bitcoin miners may not mine profitably post halving: Cantor Fitzgerald – Cointelegraph
Analysts at financial services firm Cantor Fitzgerald say that if the price of Bitcoin (BTC) does not rise significantly after the halving, the 11 largest publicly traded Bitcoin (BTC) miners will profitably sell Bitcoin. They reportedly discovered that it could be a pain to mine. A Jan. 25 post by CleanSpark executive chairman and co-founder […]
3 reasons why Bitcoin hitting $38.5K marked the 'ETF dip' – Cointelegraph
Bitcoin (BTC) hit a two-month low this week, but evidence suggests that the bottom for BTC prices may be coming. BTC/USD 1 hour chart. Source: TradingView Cointelegraph Markets Pro and TradingView We continue to track the continued rebound in BTC/USD after rising to $38,500. The dust is settling on the first two weeks of trading […]
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address – CoinDesk
Crypto asset management firm Bitwise on Wednesday became the first of 10 spot Bitcoin exchange-traded fund (ETF) issuers to publicly release digital wallet addresses. The company is based in San Francisco Tweeted a screenshot This shows the Bitcoin address and holdings (11,858 Bitcoin) of the Bitwise Bitcoin ETF (BITB) as of January 23rd. “Everyone can […]