Bitcoin and ETF traders are overstating the impact of GBTC selling – Cointelegraph
The Spot Bitcoin (BTC) exchange-traded fund (ETF) product debuted on January 12th. The first trading session was somewhat confusing as investors had no idea what the actual inflow amounts were and market makers themselves faced various problems with the liquidation schedule for each financial instrument. Still, the Bitcoin spot-based ETF's $4.66 billion in volume was […]
Ripple CEO expects more crypto ETF approvals: Davos 2024 – Cointelegraph
Ripple CEO Brad Garlinghouse believes the approval of multiple Bitcoin exchange-traded funds (ETFs) in the US could pave the way for similar crypto investment products to be launched in 2024. There is. busy Speaking to CNBC correspondent Arjun Karpal in Davos on January 16, Garlinghouse stopped short of definitively predicting that the XRP ETF would […]
Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF – Cointelegraph
Grayscale's Spot Bitcoin (BTC) Exchange Traded Fund (ETF)'s discount rate narrowed to its lowest level in nearly three years, causing investors to rush out of the fund over the past three days. The transaction took an estimated $1.1 billion out of the fund. There was an estimated outflow of $594 million on the third day […]
Bitcoin ETF Fever Fades. Coinbase Has a Bigger Challenge This Week. – Barron's
The debut of the first Spot Bitcoin exchange-traded fund was a “selling news” moment not only for the digital asset but also for Coinbase Global Stocks. But despite last week's hype, Coinbase's real challenges are still on the way. The first test of that will come Wednesday, when a federal judge is scheduled to hear […]
BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple – CoinDesk
The Wall Street machine needs to be fed, and pushing more crypto ETFs is an obvious choice, especially given the focus on Bitcoin. (Bitcoin) The products have been collected. This essentially means thousands of salespeople meet to showcase a new product, explain its features, and see if people want to buy it. But sell the […]
Spot Bitcoin ETF: Vanguard Reps Apologizing for Crypto Stance – CoinGape
It has only been about a week since the Spot Bitcoin ETF product went live in the US, but one of the movement's main critics, Vanguard Asset Management, has already reversed its stance on the product. Spot Bitcoin ETF: Is Vanguard changing its stance? Vanguard Group surprised the crypto ecosystem last week by reiterating its […]
Bitcoin price crumbles after spot ETF approval, but ICP, TIA, MNT, SEI and altcoins rebound – Cointelegraph
There was a lot of hype surrounding the Spot Bitcoin (BTC) Exchange Traded Fund (ETF), but traders may have decided to take profits as regulatory approvals did not provide any upside. As a result, the price plummeted to $41,500. Some analysts have turned bearish and are predicting a target for Bitcoin below $25,000. Anything can […]
BlackRock scoops up 11,500 BTC during dip as ETF leads the pack – CryptoSlate
BlackRock reportedly acquired stunning assets 11,500 Bitcoin from the available supply during the recent sell-off since the launch of the Spot Bitcoin ETF. This amount is significant considering that only 900 BTC is issued every day. The purchase by BlackRock effectively means that approximately 13 days worth of Bitcoin production has been absorbed by one […]
BlackRock CEO Larry Fink Comments on Prospects of an XRP ETF – The Crypto Basic
Larry Fink, CEO of BlackRock, the world's largest asset management company, commented on the possibility of an exchange-traded fund (ETF) containing XRP. In a recent interview, FOX Senior Correspondent Charles Gasparino specifically asked Larry Fink about the outlook for the XRP ETF. The question arose as US regulators approved a Bitcoin spot ETF. XRP ETF […]
SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement – CoinDesk
Based on current information, staff understands that an unauthorized party gained access to @SECGov shortly after 4:00 PM ET on Tuesday, January 9, 2024. X.com Delete your account by taking control of the phone number associated with your account. An unauthorized person made a post at 4:11 p.m. ET purporting to announce the Commission's approval […]