Despite the active on-chain accumulation, demand for Bitcoin exchange-traded funds (ETFs) in the United States appears to have stagnated over the past four weeks, according to Ki Young Ju, the founder of CryptoQuant, an on-chain analytics platform. This assessment, the founder notes, is even when excluding ETF settlement transactions. Netflows into spot Bitcoin ETFs | Source: […]
The Grayscale Bitcoin Trust (GBTC) appears to be approaching a critical balance point after a period of significant outflows, according to Michael Sonnenshein, CEO of Grayscale Investments. In an exclusive interview with Reuters on the latest episode of Inside ETFs, Sonnenshein delved into the challenges and transformations faced by the GBTC. Grayscale Investments has been […]
Tony “The Bull” Severino, the Head of Research at NewsBTC and a certified CME, has identified an “Evening Star” candlestick pattern on the monthly chart of the Bitcoin CME futures. This formation, which traditionally indicates a potential trend reversal, is forming at a critical point for Bitcoin. According to Severino, there could be tell-tale signs suggesting […]
One analyst on X now thinks there is a high chance that Bitcoin will drop from spot levels to as low as the $59,000 to $62,000 support zone if bulls fail to reclaim $70,300. The drop will represent a 20% drop from all-time highs of $73,800. Eyes On FOMC After BoJ Shocker The analyst noted […]
The US Securities and Exchange Commission (SEC) has invited public comments on the potential introduction of Bitcoin spot ETF options trading. This development has drawn much reaction from the financial market, with experts predicting that the regulatory body could grant approval as early as March. NYSE Files For Bitwise, Grayscale’s Bitcoin Spot ETF Options In […]
LPL Financial, the largest independent broker-dealer in the United States, is delaying its involvement in the Bitcoin spot ETF market as it awaits the result of an assessment of the novel exchange-traded products (ETPs) performance. This development was revealed by the company’s chief of wealth management solutions, Robb Pettman, in an interview published by Bloomberg […]
The recent launch of spot Bitcoin ETFs (Exchange Traded Funds) has sparked a surge in investment, with capital flows surpassing gold ETFs over the past two weeks, according to Bitwise CIO Matt Hougan. Spot Bitcoin ETFs Draw More Capital, Flip Gold ETFs In a post on X, Huogan notes that Bitcoin ETFs attracted $1.7 billion in the […]
A significant shift has occurred in the US spot Bitcoin exchange-traded funds (ETFs) sector. The latest data from K33 Research has revealed an accumulation of Bitcoin assets by the newly launched spot Bitcoin ETFs, excluding Grayscale’s Bitcoin Trust (GBTC). Within 13 days of trading, these new spot ETFs have collectively racked up over 150,000 BTC […]
The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week. These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with daily outflows reducing progressively throughout […]
Blockchain research platform Arkham Intelligence has revealed the on-chain addresses of several Bitcoin Spot Exchange-Traded Funds (ETFs), in the pursuit of transparency within the crypto community. Bitcoin ETF Addresses Unveiled By Arkham Marcel Knobloch, also known as Collin Brown, an XRP enthusiast, shared the information with the community on the social media platform X (formerly […]
As the much-awaited deadline for Bitcoin Spot ETF applications is drawing near, Ark Investment Management under the direction of Cathie Wood has sold off its entire Grayscale Bitcoin Trust (GBTC) holdings. Ark Invest Bitcoin Investment Strategy Shift Bloomberg Intelligence ETF analyst Eric Balchunas recently reported the development on X (formerly Twitter) on Thursday, December 28. […]