The broader crypto market continues to suffer severely as Bitcoin (BTC) takes another hit after declining to less than $57k. After hitting an all-time high of over $73k in March as large institutional funds flowed into ETFs, Bitcoin continues to…
Fidelity ETF Records $65 Million Inflow After Weeks of Massive Outflows
Fidelity ETF (FBTC) is one of the pioneer spot Bitcoin ETFs. It has a 0.25% (0% fee waived until Aug. 1, 2024), and its Bitcoin holding is around 167,589 BTC in self-custody. However, it had a streak of bad moments…
Stellar Performance from Spot Bitcoin ETFs as it Records Zero Outflows on July 1st After a $129 Million Inflow
The United States spot Bitcoin ETFs recorded significant daily inflows of $129.45 million on July 1, marking the fifth consecutive day of positive flows. In this article, we will explore the recent development, what to expect from Bitcoin ETFs in…
Bitcoin Competes with Ether and Solana as ETF Interest Grows
Bitcoin performance has recently faced increased competition from other digital assets, notably Ether and Solana. This shift in attention has been driven by the evolving landscape of cryptocurrency exchange-traded funds (ETFs) in the US, which now includes significant interest in…
Why Bitcoin may have reached the bottom and time to buy?
The cryptocurrency market has been buzzing with activity, and Bitcoin remains at the forefront of the conversation. In recent developments, significant shifts in market sentiment and pivotal events have the potential to shape the future trajectory of Bitcoin. This comprehensive…
Why is Grayscale Losing Over $27 Million in Bitcoin ETFs?
Grayscale was among the companies that pressured the Securities and Exchange Commission to receive approval for spot Bitcoin ETFs. However, the Grayscale Bitcoin ETF has been struggling. It recently saw an outflow of over $27 million, which compounds to over…
Commonwealth Bank of Australia Launches Bitcoin ETF To 17million Customers
Key Highlights Commonwealth Bank Makes Bitcoin ETF Official Commonwealth Bank of Australia (CBA) has launched the Monochrome Bitcoin ETF (IBTC). Allowing 17 million customers to invest in Bitcoin through a regulated framework. The ETF, managed by Monochrome Asset Management, was…
What To Expect from Bitcoin Price as June Ends: Downturn to $60k or Above $80k?
As the month of June comes to a close, Bitcoin traders are on edge. Bitcoin price is experiencing significant volatility, making its future price movements highly unpredictable. The pressing question remains: Will Bitcoin Correct to $60,000 or surge above $80,000?…
Ethereum vs Solana: Which Has Done Better in the Current Bearish Trend?
Cryptocurrencies are facing a tough time with a significant drop in prices. Ethereum and Solana have been brutal hits. Let’s examine the current state of these two leading cryptos in the wake of Bitcoin’s downturn. Ethereum Market Analysis After Bitcoin…
Short-term Bitcoin holders control 16.8% of the supply
Bitcoin, continues to captivate the attention of investors and analysts alike. Understanding the dynamics of Bitcoin’s short-term holders is crucial for gauging market trends and predicting future movements. This article delves into the current status of Bitcoin’s short-term holders, their…