U.S. spot Bitcoin exchange-traded funds (ETFs) have rebounded with positive net flows after a recent period of negative flows, indicating a notable market shift. According to a report by BitMEX Research, ETFs recorded a total net flow of $15.7 million on March 25, 2024. Fidelity Investments's $FBTC and BlackRock's $IBIT ...
On Tuesday, March 19, 2024, United States Spot Bitcoin exchange-traded funds (ETFs) experienced a negative netflow of over $326 million, marking their largest collective outflow since inception, according to a report from BitMEX Research. According to the report, Grayscale Bitcoin Trust Shares ($GBTC) experienced the most substantial net outflow, totalling ...
American stockbroker Peter Schiff has expressed concerns regarding the challenges of trading Bitcoin through an exchange-traded fund (ETF), citing limitations in liquidity. In a post on X published during the early hours of Wednesday, March 20, Schiff noted that holding Bitcoin (BTC) in an ETF means its asset liquidity is ...
Standard Chartered, a prominent global bank known for its institutional support of Bitcoin and the broader web3 industry, has revised its 2024 Bitcoin projection upward by 50%, from $100,000 to $150,000. The bank reportedly revealed this in an investment note circulated via email on Monday, March 18. Notably, the bank ...
After a sustained period of consecutive price gains and reaching new all-time highs (ATHs), Bitcoin (BTC) experienced a setback in its momentum, with its price dropped to as low as $67,000 on Friday, March 15, 2024. Bitcoin's recent surge, which began on Tuesday, January 23, 2024, culminated in a new ...
BlackRock's Bitcoin exchange-traded fund (ETF), iShares Bitcoin ETF ($IBIT), has amassed over 222,591.8 BTC tokens in its asset portfolio since its January launch, as per recent data published on March 14 by BitMEX Research. According to the data, $IBIT records daily inflows of investments exceeding hundreds of millions of dollars. ...
Bitcoin has overtaken Silver to become the eighth biggest asset by market value in the world. According to new data from CompaniesMarketCap, Bitcoin's value, with a total market capitalization of $1.407 trillion, now exceeds Silver's by over $24 billion. While Bitcoin still trails Alphabet, Google's parent company, by over $200 ...
Bitcoin call options have experienced a surge in activity, reminiscent of the heightened interest observed during the 2021 bull run. According to data from Deribit, over $20 million has been invested in Bitcoin call options with a $200,000 strike price on the crypto options exchange. Call options are financial contracts ...
The Bitcoin community is buzzing with reactions as the BlackRock spot Bitcoin ETF surpasses the iShares Silver Trust, the largest Silver ETF, in terms of assets under management (AUM), according to a new report. Miguel Cuneta, a user on X, shared his perspective on this development, suggesting that Bitcoin is ...
Mike Novogratz, the CEO of Galaxy Digital, gave an extensive analysis of the existing state and future projection of Bitcoin amid the rapidly expanding decentralized financing landscape in an exclusive interview with CNBC’s ‘Squawk Box.’ Novogratz noted that Bitcoin could drop to a price range of about $45k,even reaching $42k. ...
