Spot Ethereum ETFs record longest outflow streak amid drying investments – Cointelegraph
The U.S. spot Ether (ETH) exchange-traded fund (ETF) recorded cumulative investment losses for the fifth consecutive day, marking the longest run of outflows in less than a month since its inception on July 23. Most of the investment from the nine recently approved Ethereum ETFs has been overshadowed by outflows from the Grayscale Ethereum Trust […]
Bitcoin metrics line up bull signals with $60.6K BTC price level to beat – Cointelegraph
Bitcoin (BTC) was on track to recover to $60,000 by the weekend close on August 18 as the price remained firm in after-hours trading. BTC/USD 1-hour chart. Source: TradingView Ichimoku Kinko Hyo Crossover Leads to Bullish Signal for BTC Price Data from Cointelegraph Markets Pro Trading View That day, Bitstamp hit a new local all-time […]
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck – Cointelegraph
Bitcoin miners could generate around $13.9 billion in additional revenue per year by 2027, if they partly transition to powering the artificial intelligence and high-performance computing (HPC) sectors, according to investment firm VanEck. “AI companies need energy, and bitcoin miners have it,” Van Eck said on Aug. 16. ReportThe company believes that for bitcoin miners, […]
Bitcoin Spot ETFs gain investor interest despite August outflows – Cointelegraph
Bitcoin exchange-traded funds (ETFs) continue to attract investor interest despite experiencing heavy weekly outflows in early August. Data from SoSoValue, August 16 Revealed The weekly net inflows into the Spot Bitcoin ETF reached $32.58 million, in stark contrast to the outflows from the previous week. On August 2, the Spot Bitcoin ETF saw a net […]
Ethereum traders say ETH price at risk of a deeper correction to $1.6K – Cointelegraph
The price of Ether is trading 25% above its eight-month low of $2,112 hit on Aug. 5. The second-largest cryptocurrency by market cap has been trending higher, increasing 13% in the past seven days. ETH/USD daily chart. Source: Trading View Despite this performance, analysts believe that downside risk for Ethereum (ETH) remains a concern at […]
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC – Cointelegraph
Bitcoin miner Marathon Digital has bought an additional $249 million worth of Bitcoin after raising $300 million in a senior debt offering. On August 14, the miners said The company used a portion of the bond sale proceeds to purchase approximately 4,144 Bitcoin (BTC) at an average price of approximately $59,500, bringing its “strategic Bitcoin […]
Price analysis 8/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB – Cointelegraph
Bitcoin (BTC) is struggling to hold above the psychological $60,000 level, signaling that bears are active at the higher end. However, analysts don’t seem worried. Charles Edwards, founder of Capriole Investments, said in a post on X that while Bitcoin looks “promising,” its trend is three months behind gold and it will still be some […]
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon – Cointelegraph
The total amount of Bitcoin held by U.S. physical Bitcoin exchange-traded funds (ETFs) may soon surpass the holdings of Satoshi Nakamoto, the cryptocurrency’s anonymous creator. Bloomberg ETF analyst Eric Balchunas posted a chart to X on Aug. 13 noting that the ETF currently holds a total of 909,700 Bitcoin (BTC), which at a current price […]
Ether ETF weekly flow hits positive for the first time since launch – Cointelegraph
The U.S. spot Ethereum exchange-traded fund saw its first week of positive net inflows since its inception on July 23. Nine newly launched U.S. spot Ethereum ETFs collectively saw net inflows of $104.8 million in the week starting Aug. 5, according to ETF tracker SoSoValue. The company added that as of Aug. 9, total trading […]
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 […]