Bitcoin overtakes silver to become the second-largest asset in US ETFs
Bitcoin's rise continues as it overtakes silver to become the second-largest commodity asset class under management (AUM) among US exchange-traded funds. This significant milestone reinforces the growing demand for Bitcoin among investors. AUM, which represents the tota ...
Coinglass: Traders lost more than $138 million per day amid cryptocurrency market volatility
Experts at the CoinGlass platform have identified a possible cause for the recent surge in volatility in the cryptocurrency market, which has led to traders losing over $138 million daily. They believe that investors' reaction to the approval of spot Bitcoin ETFs by the US Secur ...
Kiarash Hosseinpour: “In the first half of 2024, the crypto market expects a massive sell-off of bitcoins”
In a recent announcement, the founder of Colorways Ventures and The Consensus predicted that the market value of Bitcoin will face significant pressure in the first half of the year. This pressure is expected to result from large holders of the cryptocurrency selling off their a ...
Bloomberg analyst James Seyffart: The US is preparing permission to trade options on Bitcoin ETFs
According to a stock analyst at Bloomberg, there is growing optimism that the US Securities and Exchange Commission (SEC) may give the green light for options trading on spot Bitcoin ETFs by the end of February. On his X (formerly Twitter) page, James Seyffart revealed ...
Michael Sonnenshein: “There will only be 2-3 spot Bitcoin ETFs left”
Grayscale CEO Michael Sonnenschnein believes that out of the 11 spot Bitcoin ETFs approved a week earlier, only a handful will survive in the long run. ...
Peter Schiff expects Bitcoin price to fall even further
One of the leading critics of the original cryptocurrency has expressed a unique perspective on why Bitcoin continues to struggle to grow and has even experienced periodic declines in value following the introduction of spot ETFs. "The reason why the purchas ...
The Block: Tether owns $2.8 billion worth of bitcoins
Tether, the leading issuer of the USDT stablecoin, currently holds a significant amount of 66,465 BTC in its accounts, which is valued at approximately $2.8 billion, according to a report by The Block.Since September 2022, Tether has been actively accumulating Bitcoin, ...
Bitfinex: “Bitcoin ETF has become the second largest class of commodity exchange-traded funds in the US”
The head of derivatives at Bitfinex, Jag Kooner, recently revealed that Bitcoin ETFs have emerged as the second-largest class of commodity exchange-traded funds in the United States in terms of assets under management (AUM).According to data released by ETF observer por ...
South Korean Presidential Administration Calls for Spot Bitcoin ETFs to Be Allowed
The South Korean presidential administration has put forward a unique proposal urging the local regulator to reconsider their stance on launching Bitcoin spot exchange-traded funds (ETFs) in the country. Sung Tae-yoon, Chief of Staff for Politics in the President of Sou ...
Whale Alert: Unknown user paid 4 BTC for a 2.9 Bitcoin transaction
An unidentified Bitcoin holder recently made headlines by paying an exceptionally high transaction fee of 4 BTC ($172,000). According to Whale Alert, a service that monitors large cryptocurrency transactions, this amount significantly exceeded the average commission on the Bitco ...