Crypto world, Wall Street await potential spring approval of spot ether ETF
Natalie Brunel, host of the podcast Coin Stories, discusses whether Bitcoin could fall below $20,000 in 2024 on The Big Money Show. A little more than a month after Securities and Exchange Commission Chairman Gary Gensler delivered the decisive vote that led to historic approval of 11 Spot Bitcoin exchange-traded funds, the crypto industry is […]
BlackRock Bitcoin ETF Gains $500M as Wall Street Appetite for BTC Grows – Decrypt
Demand built up over many years Bitcoin (BTC) Exchange-traded funds (ETFs) continue to generate intense activity around the top cryptocurrencies, with this new investment vehicle posting its strongest days ever. BlackRock, the world’s largest fund manager, is leading the way. Yesterday alone, the fund manager’s iShares Bitcoin Trust saw an inflow of $493 million. There […]
Bitcoin price touches $50,000 after spot ETF launches spur demand – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bitcoin prices on Monday hit $50,000 for the first time since 2021, highlighting the sharp shift in demand for the token since mainstream Bitcoin investment funds launched earlier this year. The industry’s leading cryptocurrency has gained almost […]
Bitcoin eyes $50000 target amid strong ETF inflows – Crypto Briefing
Share this article Bullish momentum continues to build on the back of heavy inflows into Spot Bitcoin Exchange Traded Funds (ETFs), with Bitcoin (BTC) on the brink of breaking the $50,000 threshold.according to data from According to BitMEX Research, net inflows into the Spot Bitcoin ETF jumped from around $68 million at the beginning of […]
Kraken, ETF issuers, and other crypto giants pass on Super Bowl ads: Fox Business – The Block
issued 1 minute ago upon In 2022, Coinbase reportedly spent $14 million on 60-second ads of QR codes moving around the screen. But after a year of no crypto advertising at the Super Bowl, it’s currently unclear whether the nation’s largest exchange plans to run ads at Sunday’s Super Bowl, one of the country’s biggest […]
Bitcoin ETF Issuers May Dwindle by End of Year, Says Valkyrie CIO – Decrypt
Stephen McClurg, chief investment officer at Valkyrie Funds, said the Spot Bitcoin exchange-traded fund (ETF) is approaching its first month of operation, but the ETF space could shrink by the end of the year. Stated. McClurg predicts that only “about seven or eight” of the 10 issuers currently operating will survive.he tells the reason DecryptionThat’s […]
SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF – The Block
Policy • February 6, 2024, 5:34 PM ET issued 1 minute ago upon The Securities and Exchange Commission has postponed the timeline for a decision on whether to approve the proposed Invesco Galaxy Ethereum ETF. The agency had previously postponed a decision on the fund until December, and announced on Tuesday that it was “beginning […]
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 […]
Stock market to 'nowhere?' Two ETF experts see more trouble ahead in China – CNBC
China may struggle to attract investors again this year. Mike Akins of ETF Action sees the challenges tied to the country's ability to generate stock market profits. “It's like the old cliché: Fool me once, shame on you, fool me twice, shame on you,” the firm's founding partner told CNBC's ETF Edge this week. “China's […]