bitcoin etf

A selloff in bitcoin continued on Tuesday, accompanied by record outflows from Grayscale's Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange traded fund this year. Grayscale's ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows. Data for Tuesday's flows will be available Wednesday morning. Elevate Your…

Bitcoin Exchange-Traded Funds (ETFs) have reached a new high in daily trading volumes, surpassing the $10 billion mark. This surge in activity comes amid a period of significant price volatility for Bitcoin (BTC), which saw its value oscillate by $10,000 between $59,000 and $69,000 on March 6. The trading frenzy underscores the growing interest and participation in cryptocurrency-based financial products.   BlackRock’s spot #Bitcoin ETF becomes the fastest ETF in history to accumulate $10 billion in AUM. —…

Coinbase Faces Major Outage as Trading Volume Skyrockets; Users Stunned as Account Balances Hit US$0 Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, faced another technical outage on Tuesday, March 5, 2024, as the crypto market experienced a massive surge in trading volume and price. Some users reported seeing US$0 balances in their accounts, while others experienced errors in buying or selling cryptocurrencies. According to Coinbase’s official support account on Twitter,…

Bank of America's Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class.The ETFs have been available to clients for weeks, a source familiar with Bank of America's plans told Reuters on Thursday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine…

A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.Spot bitcoin ETFs could offer investors looking to hedge against inflation an alternative to gold. ETFs track an index, commodities, bonds or a basket of assets like an index fund.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional…

With the Bitcoin ETF within touching distance, crypto whales are preparing themselves for a market explosion. While the Bitcoin ETF should raise the price of a variety of altcoins, like Chainlink, a new token, Meme Moguls, is in phase 5 of its presale and is set to offer early investors 1000% ROI. But what is this new crypto that’s causing a stir among crypto whales?  Meme Moguls (MGLS) is the latest meme coin that’s set to take on not just the meme market but the entire altcoin space. While Bitcoin may be…

The long-awaited launch of bitcoin spot ETFs in the United States this year helped engender a wave of optimism that the value of the well-known cryptocurrency would quickly appreciate. The logic was simple: With an easy, low-cost avenue now available for regular investors to purchase bitcoin, the supply-demand curve would shift and the value of each bitcoin would rise. But the response has been somewhat mixed. While the value of bitcoin has nearly doubled in the past year to around $43,000 today, it has largely…

TLDR: 10 financial institutions in Hong Kong are preparing to launch BTC ETFs. NuggetRush, a unique GameFi project, is looking to capitalize on the building bullish momentum, preparing for a 10x surge.  Kaspa is also flagging bullish signals, with forecasts of a rally to $0.245 by August. Following in the footsteps of the United States, Hong Kong could get a spot Bitcoin ETF in the coming week. This happens as ten financial institutions in the country intend to file to launch spot ETFs. With bullish…

Ark Invest founder Cathie Wood recently purchased $44 million worth of BTC into its spot Bitcoin exchange-traded fund, while selling shares of the ProShares Bitcoin Strategy ETF.  The move indicates Wood, like many in the cryptocurrency community, expects BTC’s prices to grow exponentially in 2024. BTC prices are currently trending upward after dropping as low as $39,000 in the past week.  While BTC price projections continue to dominate cryptocurrency conversations, InQubeta (QUBE) has earned its investors…

TLDR TRON gains 2% in a week, and experts foresee more growth in January. Chainlink loses 9% in a week, and analysts believe an upside is coming soon. Rebel Satoshi has gained 120% and raised over $1.5 million thus far during its presale. It has been two weeks after the SEC approved 11 spot Bitcoin ETFs. While this bullish development initially triggered a marketwide bull run, top altcoins like TRON (TRX) and Chainlink (LINK) have slowed down. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has…