Bitcoin ETFs hit $10B milestone just one month after approval – Cointelegraph
The recently launched Spot Bitcoin Exchange Traded Fund (ETF) has completed its first 20 trading sessions, reaching the $10 billion milestone in assets under management (AUM). Net flows across nine ETFs reached $2.7 billion on January 9, led by BlackRock’s IBIT fund, which currently holds $4 billion worth of Bitcoin (BTC), according to BitMEX Research […]
3 key Bitcoin price metrics hint at BTC gains above $48K – Cointelegraph
Bitcoin price rose 6.28% in the past 24 hours, hitting an all-time high of $48,200 on February 9th. Considering this performance, technical indicators, rising Bitcoin ETF stock and on-chain data, the strength for Bitcoin (BTC) to revisit post-Bitcoin ETF approval highs above $49,000. Traders say Bitcoin Supertrend indicator shows rare buy signal Bitcoin’s monthly chart […]
'Big volume day' for BlackRock as Bitcoin ETFs notch $1B volume – Cointelegraph
Spot Bitcoin Exchange Traded Fund (ETF) total daily trading volume exceeded $1 billion on February 7th, with BlackRock leading the way. Bloomberg Intelligence analyst James Seifert said it was a “huge volume day” for BlackRock’s IBIT Bitcoin ETF, with daily trading volume of $341.2 million and Grayscale’s That surpassed Bitcoin Trust’s trading volume of $296.5 […]
AI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15 – Cointelegraph
A new service that claims to use artificial intelligence (AI) “neural networks” and “generators” to create fake driver’s licenses and passports passes know-your-customer (KYC) checks on multiple crypto exchanges. It is reported that it was very successful. cost? Only $15 a pop. The site OnlyFake generates realistic-looking fake driver’s licenses and passports from 26 countries, […]
BlackRock and Fidelity Bitcoin ETFs reach top 10 in January flows – Cointelegraph
BlackRock and Fidelity’s Spot Bitcoin Exchange Traded Fund (ETF) ranked among the ETFs with the highest flows in January, totaling about $4.8 billion. BlackRock’s iShares Bitcoin Trust (IBIT) ranks 8th with an estimated net flow of $2.6 billion, while Fidelity Wise Origin Bitcoin ETF (FBTC) ranks 10th with a net flow of $2.2 billion. Ta. […]
Bitcoin faces 'sell the news event' before 2024 BTC price all-time high – Cointelegraph
Bitcoin (BTC) should hit a new all-time high in 2024, but a new analysis suggests the halving will punish the bulls first. In the latest market update released On February 2nd, trading suite DecenTrader predicted a classic “halving” BTC price trend. DecenTrader: Bitcoin will ‘test investors’ resolve’ ahead of Q4 highs DecenTrader believes Bitcoin will […]
Bankrupt crypto lender Genesis seeks approval to sell $1.6B of trust assets – Cointelegraph
Bankrupt crypto financial company Genesis has filed a lawsuit in U.S. Bankruptcy Court for the Southern District of New York with the Grayscale Bitcoin Trust (GBTC), the Grayscale Ethereum Trust (ETHE), and the Grayscale Ethereum Classic Trust. (ETCG) for permission to liquidate its assets. A total of approximately 1.6 billion dollars. In a recent courtroom […]
Bitcoin ETFs hype stalled by due diligence: Bloomberg – Cointelegraph
Bitcoin exchange-traded fund adoption has been slowed by due diligence processes by major trading platforms. according to Companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the U.S., are currently investigating recently approved Bitcoin ETFs, with close to 19,000 investors, according to a Feb. 3 report from Bloomberg. Independent financial advisors […]
BlackRock and ProShares Bitcoin ETFs overtake GBTC's daily trading volume – Cointelegraph
Grayscale Bitcoin Trust (GBTC) battle over spot Bitcoin exchange-traded fund (ETF) shorting was suspended, and Bitcoin (BTC) fell from $42,580 to $43,422 on February 2nd. traded between. BTC/USD daily chart. Source: TradingView BlackRock and ProShares ETF daily volume exceeds GBTC volume Grayscale’s Convertible GBTC ETF has dominated the spot Bitcoin ETF market in terms of […]
Bitcoin pump prompts 'emergency' review of US crypto miner energy use – Cointelegraph
The U.S. Department of Energy (DOE) is asking crypto miners to report their energy consumption over the next six months, following concerns that the recent rise in Bitcoin (BTC) prices is leading to a surge in crypto mining. ing. On January 31, the U.S. Energy Information Administration (EIA), the statistical agency of the DOE, Said […]