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Franklin Templeton Seeks SEC Approval For Dual Bitcoin, Ethereum Index ETF
Thursday, October 3, 2024 - 2:11pm | 738Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum. According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer...
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Bitcoin Drops Below $62,000 As Analysts Warn Of Potential Further Decline
Wednesday, October 2, 2024 - 1:33pm | 766Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don’t hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor...
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Ripple ETF: Could It Happen? Bitwise's Filing Faces Uncertain Path Amid Regulatory Concerns
Wednesday, October 2, 2024 - 10:22am | 866The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds...
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BlackRock's Ethereum ETF Lags Behind Its Bitcoin ETF—Here's Why
Tuesday, October 1, 2024 - 8:05am | 963BlackRock‘s recently launched Ethereum ETF (NASDAQ:ETHA) is seeing significantly lower volume and inflows compared to its Bitcoin counterpart. The company’s head of digital assets, Robert Mitchnick, doesn't anticipate that gap closing anytime soon. What Happened: Speaking at the Messari...
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Bitcoin Price Is An 'Opportunity,' Technical Analyst Tells Benzinga: Watch These Indicators For Signs Of A Price Surge
Monday, September 30, 2024 - 2:27pm | 887The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including Bitcoin‘s (CRYPTO: BTC) Exchange Flow Multiple, show signs of accumulation. What Happened: The Exchange Flow Multiple (30-day/365-day) – an indicator measuring the ratio between...
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Bitcoin Smashes Through $66,000 As ETFs Take In $365M To Extend Their Inflow Streak To 6 Straight Days
Friday, September 27, 2024 - 11:42am | 659Bitcoin (CRYPTO: BTC) is up 2% to $66,300 in Friday’s trading session, marking a gain of 14% over the last two weeks as Bitcoin spot ETFs reported the sixth consecutive day of positive fund flows on Thursday. What Happened: Leading the charge of the $365.57 million net inflow, Ark Invest and...
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Bitcoin Taps $65K After ETFs Extend Inflow Hot Streak To 5 Days: Here's What Technical Analysis Is Saying
Thursday, September 26, 2024 - 10:52am | 855Bitcoin (CRYPTO: BTC) tapped the $65,000 mark in Thursday trading and is up 1.7% over the past 24 hours off the back of another strong day of ETF inflows on Wednesday. What Happened: Bitcoin spot ETFs on Sep. 25 recorded a net inflow of $106 million, marking five consecutive days of positive...
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Bitcoin ETFs See $4.5M Inflow, But Miners Could Actually Cause The Next Big Move Up
Tuesday, September 24, 2024 - 8:57am | 797Bitcoin (CRYPTO: BTC) spot ETFs recorded a small net inflow of $4.56 million on Monday as miner revenues signal a potential uptrend in the making. What Happened: Significant contributions came from Fidelity’s ETF (CBOE: FBTC), which added $24.93 million, and the BlackRock ETF (NASDAQ:IBIT),...
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Experts Predict Bitcoin Surge To $65,000 As Crypto Market Remains Steady
Friday, September 20, 2024 - 1:51pm | 626Analysts are projecting Bitcoin (CRYPTO: BTC) to reach $65,000 in the near term, citing increased long positions and bullish options activity, as the leading cryptocurrency remains steady above $62,000. Meanwhile, Ethereum (CRYPTO: ETH) has climbed 3.5% to $2,547, with both cryptocurrencies seeing...
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Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed's 50 Bps Rate Cut
Thursday, September 19, 2024 - 8:20am | 532Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC) spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows. Grayscale's Bitcoin ETF (OTC:...
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Swiss Stock Exchange Explores Crypto Trading Platform In Europe
Wednesday, September 18, 2024 - 8:27am | 882The Swiss stock exchange SIX is exploring the possibility of establishing a cryptocurrency trading platform in Europe, aiming to compete with established digital asset firms like Binance, OKX and Coinbase. What Happened: The move reflects growing institutional interest in digital assets,...
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Bitcoin Surges 5.3% Ahead Of Fed's Key Rate Decision: This Cut Could 'Cause Uncertainty' (CORRECTED)
Tuesday, September 17, 2024 - 4:09pm | 713Editor’s note: The headline of this story has been updated to remove erroneous language suggesting a quote was provided to Benzinga. Bitcoin (CRYPTO: BTC) on Tuesday surged by 5.3%, trading at $60,985 after hitting a high of $61,331, as the market braces for the Federal Reserve's critical...
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Bitcoin Dips Below $59K Despite $436M Net ETF Inflows Last Week
Monday, September 16, 2024 - 7:48am | 669Although the digital asset market experienced a significant reversal last week, with inflows reaching $436 million, Bitcoin (CRYPTO: BTC) is down to $58,700 in early Monday morning trading. What Happened: After a prolonged period of outflows amounting to $1.2 billion, a shift in sentiment has...
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Bitcoin Spot ETFs See $39M Inflows, 'Bullish Correction' May Be In Play, Expert Tells Benzinga
Friday, September 13, 2024 - 7:24am | 598Spot Bitcoin ETFs continue to rebound, with a slight net inflow recorded on Thursday. What Happened: Bitcoin (CRYPTO: BTC) is trading flat this morning, up 0.6% at $58,280 but down 4.6% over the past 30 days. Ethereum (CRYPTO: ETH) is up 0.9% at $2,368 but down 13% in the last month,...
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Crypto Bank Anchorage Digital Challenges Coinbase's ETF Custody Dominance
Thursday, September 12, 2024 - 10:35am | 553Anchorage Digital Bank has secured a role as custodian for the ARK 21Shares Bitcoin ETF (BATS:ARKB), challenging Coinbase‘s (NASDAQ:COIN) dominance in the cryptocurrency ETF custody market. What Happened: The development marks a notable shift in an industry where Coinbase has been the primary...