Institutional investors appear to have been spooked over rising tension in the Middle East, with United States spot Bitcoin exchange-traded funds clocking almost $243 million in outflows. The eleven US spot BitcoinRead More…
Looking at a longer timeframe, bitcoin is trading around the midpoint of a multi-month sideways channel between $56,000 and $73,000. Spot prices might be range-bound in the near term, but traders areRead More…
As for price action, bitcoin has seen a very modest of bounce since tumbling from nearly $61,000 Wednesday to under $54,000 early Friday, currently trading back to $56,800. That’s down 6% fromRead More…
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While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock’s iShares Bitcoin Trust (IBIT) is challenging the fund for the title of biggest bitcoin ETF. GBTC now has $18.1 billionRead More…
Grayscale’s GBTC appeared over a decade ago, originally offered through a private placement. In mid-2015, the shares began trading publicly on an over-the-counter basis. This continued until January 2024 when GBTC uplistedRead More…
“The people, institutions and governments that matter in the big picture are only *just beginning* to wake up to Bitcoin,” Lane Rettig, founder of SpaceMesh and former Ethereum developer, said. “Yes, thisRead More…
Although billions of dollars have already been invested in these products, the investment floodgates might not open until the bitcoin ETFs are offered by big registered investment advisor (RIA) networks and broker-dealersRead More…
The spot bitcoin ETF group as a whole has seen a turnover ratio of 5.3%, said Cipolaro, with Valkyrie (BRRR) and Grayscale’s GBTC seeing the lowest rates at 2.2% and 2.4%, respectively.Read More…
Second, I believe that Bitcoin ETFs are bound to serve as gateways to crypto’s promised land of self-custody, just as centralized exchanges did over the past years. A virtuous cycle might actuallyRead More…