Bitcoin spot ETF

Jamie Dimon, the CEO of JPMorgan Chase & Co (NYSE:JPM), is known for his no-holds-barred attacks on Bitcoin (CRYPTO: BTC), despite the banking giant's investments in exchange-traded funds tied to the leading cryptocurrency.  What happened: Speaking at an investor conference almost exactly...

As the second-quarter earnings report approaches, Coinbase Global Inc. (NASDAQ:COIN) has seen a slight uptick in pre-market trading. What Happened: On Thursday, Coinbase was trading at $227.37 in the pre-market session, a 1.34% increase from its Wednesday close of $224.36, according to Benzinga Pro...

In a further boost to the cryptocurrency sector, a Bitcoin (CRYPTO: BTC) spot exchange-traded fund has been listed on Australia’s primary stock market for the first time. What Happened: The VanEck Bitcoin ETF, with a seed investment of nearly $657,000, made its debut on the Australian...

On Monday, May 20th, Bloomberg ETF analyst Eric Balchunas posted on X, raising his chances of a spot ETF approval from 25% to 75%. Within an hour, the post received over one million views. Balchunas is regarded as one of the most trusted sources in the crypto ETF space after playing a role in news...

Ethereum (CRYPTO: ETH) proponents might still be optimistic about a spot ETF approval but analysts tracking the developments increased the odds of a rejection by the SEC. What Happened: Analyzing a March filing submitted by BlackRock Inc. to the SEC over its ETF application, finance lawyer Scott...

Crypto analyst, Ali Martinez, predicts a clear path for Ethereum (CRYPTO: ETH) to reach $5,000, with the main obstacle being a supply zone between two key levels. What Happened: On Sunday, Martinez posted on X, formerly Twitter, about Ethereum’s potential rise, stating, “#Ethereum path...

Tom Lee, the founder and head of research at Fundstrat Global Advisors, has reinforced his bullish stance on Bitcoin (CRYPTO: BTC), projecting a significant surge in its value. In an interview with CNBC this week, Lee predicted that Bitcoin's price could increase approximately 119% in...

Bitcoin (CRYPTO: BTC) has made a remarkable recovery this week, and according to a Standard Chartered analyst, this could lead to a $100,000 price point by the end of 2024. What Happened: After a disappointing January, Bitcoin has seen a significant surge, reaching its highest level in 2024. The...

Despite predictions of a potential surge in Ethereum (CRYPTO: ETH) value, traders still favor Bitcoin (BTC) over ETH. This trend is influenced by the uncertainty surrounding the U.S. Securities and Exchange Commission (SEC) approval of ETH-based exchange-traded funds (ETFs). What Happened: A report...

The price of Bitcoin (CRYPTO: BTC) has fallen below $39,000, losing nearly all the gains made in the last two months following the launch of spot exchange-traded funds (ETFs) in the U.S. What Happened: Bitcoin’s value dropped by almost 5% in the last 24 hours, hitting its lowest level in two...

On Tuesday, Cathie Wood-led Ark Invest made a significant move by selling $15.84 million worth of ProShares Bitcoin Strategy ETF (NYSE:BITO) units. This trade comes amidst a dynamic period in the cryptocurrency market, reflecting Ark Invest’s strategic adjustments in response to evolving...

On Thursday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing $25.55 million worth of shares in Tesla Inc (NASDAQ:TSLA). This trade comes amidst a period of heightened interest in Tesla, as Ark Invest continues to show confidence in the electric vehicle giant...

Today’s stock market saw a positive trend with the Nasdaq Composite ending Wednesday higher by 112 points. The Dow Jones Industrial Average rose by 0.45% to 37,695.73, while the NASDAQ rose 0.75% to 14,969.65. The S&P 500 followed suit, gaining 0.57% to 4,783.45. This overall market...

Noted economist Peter Schiff, in a recent post on X, expressed skepticism over Bitcoin’s (CRYPTO: BTC) real-world utility, likening it to a gamble. His tweet came amidst the approval of Bitcoin Spot ETFs by the Securities and Exchange Commission. What Happened: On Wednesday, Schiff, took to...

Edward Snowden emphasizes the necessity of using computers as tools of liberation, in the wake of the historic approval of Bitcoin (CRYPTO: BTC) ETFs. What Happened: On Wednesday, Snowden, the former defense contractor and whistleblower, took to X, formerly Twitter, to express his belief that...