As the price of bitcoin surged on Monday, nine freshly created spot exchange-traded funds (ETFs) for the cryptocurrency smashed their all-time daily volume record. A Bloomberg ETF analyst stated, “It’s official…the new nine bitcoin ETFs have broken all-time volume record today with $2.4b,” adding that Blackrock’s Ishares Bitcoin Trust (IBIT) “went wild,” shattering its record … Read more
Supporter of bitcoin Max Keiser has issued a warning about possible government confiscation of bitcoin stored in exchange-traded funds (ETFs). In addition, he foresaw a sharp decline similar to the one that occurred in 1987 and issued a dire warning that the price of bitcoin would surpass $500,000. The Crash and Bitcoin Seizure Alerts from … Read more
“Every institution is now starting to hold crypto,” according to Coinbase CEO Brian Armstrong, who also emphasizes that “the asset class will be a standard part of every diversified portfolio.” In addition, the CEO mentioned that in the future, organizations will use cryptocurrency for other purposes, like “holding it on their balance sheet, paying their … Read more
The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more
The nine recently formed exchange-traded funds (ETFs) have acquired 6,009.49 bitcoin, or over $288 million, since the end of the spot bitcoin ETF trading sessions on February 9, 2024. Grayscale’s Bitcoin Trust (GBTC), which developed into an exchange-traded vehicle that is publicly traded, has concurrently sold out roughly 2,252.2 bitcoin, or nearly $108 million. As … Read more
After a flurry of bitcoin advertisements appeared to secure commercial slots for promotions before the 2022 Super Bowl, the next year saw none at all. According to a recent investigation on the topic, the tendency is expected to continue until 2024. The 58th Super Bowl will not include any new cryptocurrency company advertising, despite the … Read more
Reserves for Bitcoin ETFs Increase: Since the fund’s launch in January, more than 200,000 BTC valued at $9.56 billion have been gathered. Command of New ETFs More than 200,000 Bitcoin Spot bitcoin ETFs launched by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, Valkyrie, Franklin Templeton, and Wisdomtree have amassed sizable bitcoin (BTC) reserves over the … Read more