European regulators have reiterated their opposition to Bitcoin despite its recent resurgence in the market. In a blog post published on February 22nd, the European Central Bank (ECB) expressed its antipathy towards Bitcoin, citing specific challenges facing the digital asset. Although the ECB acknowledged that the recent approval of the ...
In a notable trend shift, while spot Bitcoin exchange-traded funds (ETFs) have been attracting significant inflows since their January launch, major gold-tracking ETFs are experiencing substantial outflows, amounting to $2.39 billion since the beginning of the year. Bloomberg Senior Intelligence Analyst Eric Balchunas highlighted this divergence in investor sentiment, reporting ...
Michael Saylor, MicroStrategy CEO, said that the demand for Bitcoin (BTC) investment products is about ten times larger than the supply available in the crypto market. In an interview with CNBC, Saylor expressed optimism for the crypto market. He believes that the SEC's approval of Bitcoin ETFs spurred a notable ...
Electric vehicle (EV) manufacturing company Tesla didn't sell or buy any of its Bitcoin holdings during the last quarter of 2023, according to its latest financial reports released on January 24, 2023. Currently, Tesla is the third-largest public holder of Bitcoin, trailing behind MicroStrategy and Marathon (MARA). The company presently ...
US-based ETF issuers Invesco and WisdomTree have cut trading fees on their European exchange-traded funds by 60% in a bid to join the spurring war for market share by international ETF providers. Invesco and WisdomTree, currently the 6th and 10th largest spot Bitcoin ETF issuers in the U.S., are the ...
BlackRock's spot Bitcoin exchange-traded fund ($IBIT) recorded its third-largest inflow, at $272 million, on the seventh day of live trading, according to data published by Bloomberg ETF analyst James Seyffart. The ETF had previously posted its largest inflow so far on day two of live trading at $386 million. Its ...
Wise Origin Bitcoin Trust by Fidelity Investments has become the second after BlackRock's spot Bitcoin ETF to cross the $1 billion mark of Bitcoin assets under management (AUM). This development came less than 24 hours after BlackRock crossed the milestone. BitMEX's report, published on Friday, January 19, 2024, revealed data ...
Flowdesk, a renowned French-based digital asset market maker, has raised $50 million in a Series B funding round to bolster its operations. The investment round was led by venture capital company Cathay Innovation and comprised contributions from Ripple, Eurazo, Speedinvest, Cathay Ledger Fund, BPI, and ISAI. Flowdesk aims to use ...
Bitwise has climbed up the ranks of top ETF issuers by assets under management (AUM) after it added over $63 million worth of Bitcoin tokens to its portfolio. On Thursday, January 18, Hunter Horsley, the CEO of Bitwise, took to X to announce this latest crypto asset purchase. According to ...
Bitcoin's downward price trend may not be over, as various indicators and metrics suggest that a price correction may not occur until a new price surge is in view. Despite the recent successes of Bitcoin ETF issuers in acquiring operational approval from the US SEC, Bitcoin continues to decline, and ...
