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