Ethereum News

Bitcoin ETFs hit $10B milestone just one month after approval

• by admin
• February 11, 2024

The nine spot Bitcoin ETFs reached a significant milestone of $10 billion in assets under management on Feb. 9. The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions, hitting the $10 billion milestone in assets under management (AUM).  According to data from BitMEX Research, net flows for the nine ETFs […]

Ethereum News

Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF

• by admin
• January 17, 2024

Roughly $1.1 billion has flowed from Grayscale’s ETF in the last three days as traders hit the exit after its discount narrowed. An estimated $1.1 billion has flowed from Grayscale’s spot Bitcoin BTC $42,758 exchange-traded fund (ETF) in the last three days of trading as investors rushed to exit the fund after its discount narrowed […]

Ethereum News

Ethereum price soars as Bitcoin drops — Did ETH steal BTC’s thunder?

• by admin
• January 14, 2024

ETH price surges above $2,650, eclipsing investors’ expected impact of the spot Bitcoin ETF approval. But what’s behind Ethereum’s momentum? Ether price gained 13.5% between Jan. 10 and Jan. 12, breaking above $2,650 for the first time since May 2022. The pivotal factor for the rally has been the spot Bitcoin BTC $42,880 exchange-traded fund […]

Ethereum News

Will Bitcoin keep dropping because of the ETFs?

• by admin
• January 14, 2024

Bitcoin has been taking a beating since the Securities and Exchange Commission approved a slate of ETFs When will the carnage end? The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead. Bitcoin BTC $42,961 surged to $49,000 […]

Ethereum News

Bitcoin price sells-off after ETF approval — Have investors turned bearish?

• by admin
• January 14, 2024

Bitcoin price dropped by nearly 7% just two days after the spot ETF approvals. Cointelegraph investigates why BTC price is correcting. Bitcoin price dropped by 6.8% between Jan. 11 and Jan. 12, confirming bears’ theory of a sell-the-news-style event occurring after the approval of a spot Bitcoin exchange-traded fund (ETF). The much-anticipated event ensued after […]

Ethereum News

Grayscale Bitcoin Trust ETF moves $41M in BTC to exchange during price crash — Arkham

• by admin
• January 13, 2024

Some X accounts theorized that the Bitcoin crash was caused by GBTC redemptions, but Arkham data shows only $41 million in outflows. The Grayscale Bitcoin Trust (GBTC) moved 894 Bitcoin BTC $43,022 (worth $41 million at the time of the transfer) to a Coinbase Prime deposit wallet on Jan. 12, according to data from blockchain analytics […]

Ethereum News

Price analysis 1/12: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, MATIC

• by admin
• January 13, 2024

The Bitcoin ETFs generated strong volumes on Jan. 11, but that did not translate into higher prices in Bitcoin, indicating that the event was largely priced in. The United States regulator finally green-lighted the Bitcoin BTC $43,163 spot exchange-traded fund applications on Jan. 10, and several ETFs started trading on Jan. 11. The outcome was […]

Ethereum News

As Crypto X cheers Bitcoin ETFs, guess who hasn’t posted in over 24 hours

• by admin
• January 11, 2024

One X account has maintained radio silence after it unwillingly bungled the spot Bitcoin ETF announcement when it was hacked a day earlier. As crypto proponents go into a celebration frenzy over the historic approval of spot Bitcoin BTC $46,967 exchange-traded funds (ETFs) on Jan. 10, there’s one user on X (formerly Twitter) who has […]

Ethereum News

Spot Bitcoin ETF receives official approval from the SEC

• by admin
• January 11, 2024

After a dramatic false start on Jan. 9, the Securities and Exchange Commission has now given the green light to several spot Bitcoin ETFs. Update Jan. 10, 9:30 pm UTC: The filing showing SEC approval of spot Bitcoin ETFs is live on the commission’s website under a different link. The U.S. Securities and Exchange Commission […]

Ethereum News

Spot Bitcoin ETF approvals: Reporting live

• by admin
• January 11, 2024

The long-awaited decision on spot Bitcoin ETFs has finally come, and Cointelegraph is here to keep you updated on all the latest developments following this groundbreaking development. Not to take away from the momentous occasion for Bitcoin, but eyes are already starting to turn to spot Ethereum ETFs. Bloomberg ETF analyst Eric Balchunas has tipped […]