-
Bitcoin Below $50K? Crypto Market Braces For Volatility As ETF Outflows Continue
Thursday, September 5, 2024 - 8:23am | 521Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs continued to experience significant outflows. This potentially sets the stage for increased volatility in the coming weeks. Analysts now warn of potential downside risks, macroeconomic concerns and weakening on-chain metrics. According to...
-
Crypto Rewind: What Experts Predicted For Bitcoin ETFs Before Approval
Monday, July 1, 2024 - 1:02pm | 648In 2023, as the digital asset community eagerly awaited the Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs, figures from the industry shared their thoughts on the topic at last year’s Benzinga Future of Digital Assets event. This annual gathering in New York...
-
Bitcoin ETF Slowdown A Brief Pause, Not A Negative Trend: Bernstein Says As BTC Trades 2% Lower
Monday, April 29, 2024 - 7:27am | 631The recent slowdown in bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) inflows is a temporary pause, not a negative trend, according to a report by broker Bernstein. What Happened: Bernstein’s research report suggests that the current slowdown in bitcoin ETF inflows is merely a short-term...
-
Bitcoin's Historic Market Cycle Nearing End With The Halving Event? Expert Says Crypto Market To Undergo Major Changes
Friday, March 29, 2024 - 6:58am | 797As Bitcoin’s (CRYPTO: BTC) value continues to climb, reaching unprecedented heights, the question arises whether the traditional four-year market cycle that has characterized its growth is nearing its conclusion. What Happened: Bitcoin’s traditional four-year market cycle may be...
-
Bitcoin Halving Expected To Enhance ETF Opportunities In Cryptocurrency Sector: Report
Thursday, March 28, 2024 - 8:16am | 608Analysts, led by Michael Graham, at Canaccord Genuity, suggested that the upcoming halving in April could further boost the ETF tailwinds for Bitcoin. The halving, which occurs every four years, involves a 50% reduction in miner rewards, thereby decreasing the supply of Bitcoin. What Happened:...
-
Bitcoin ETFs More Likely 'Off-Ramp For Whales' Than 'On-Ramp For Traditional Investors': Analyst
Friday, January 26, 2024 - 4:16pm | 442Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) are emerging not as a gateway for mainstream investors but as an offramp for seasoned whales, according to Schwab Network's Oliver Renick. The stock market has undergone changes — valuations, a critical factor in gains, have fallen from...
-
Bitcoin ETFs Ignite A Tsunami, Threatening To Engulf Traditional Crypto Stocks
Friday, January 12, 2024 - 11:13am | 507In a landmark move, the launch of Bitcoin (CRYPTO: BTC) spot exchange-traded Funds (ETFs) in the United States has opened a new chapter in cryptocurrency investment. This development, however, casts a shadow over crypto stocks like Coinbase Inc. (NASDAQ: COIN), Marathon Digital (NASDAQ: MARA), and...
-
Trump-Era White House Communications Director Says He Wants To Be A 'Ceremonial Buyer' Of Bitcoin Spot ETFs
Friday, January 12, 2024 - 2:18am | 602Anthony Scaramucci, the CEO of SkyBridge Capital and Donald Trump-Era White House Communications Director, expressed that he wishes to buy spot Bitcoin (CRYPTO: BTC) ETFs. His comments appeared shortly, on Wednesday, after the SEC gave a green light for the creation of spot Bitcoin ETFs. What...
-
Grayscale Leads The Pack With Early Trading Launch Of First Spot Bitcoin ETF, Outpacing Rivals
Thursday, January 11, 2024 - 10:09am | 518The Grayscale Bitcoin Trust (CRYPTO: GBTC), managed by Grayscale, is claiming bragging rights for being the first of the newly approved spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). What Happened: CoinDesk reported on Thursday that GBTC began pre-market trading at 4 am EST, as confirmed by...
-
2024: Ready For A Crypto Craze? Bitwise's Predictions For Bitcoin, Taylor Swift And More
Wednesday, December 13, 2023 - 4:30pm | 7222024 could be a year of significant milestones for the cryptocurrency industry. Crypto index fund manager Bitwise on Wednesday laid out key trends to look forward to, including Bitcoin's (CRYPTO: BTC) reaching new heights as well as the emergence of artificial intelligence (AI)...
-
Spot Bitcoin ETFs Approval Could Unlock Crypto For New Investor Types, Says Coinbase Exec: 'Much Greater Than Just Enabling New Capital'
Wednesday, November 15, 2023 - 5:15am | 583Coinbase Inc. (NASDAQ:COIN) suggested that the approval of spot Bitcoin (CRYPTO: BTC) ETFs in the U.S. could create opportunities for a new class of investors, including institutional investors and retirement funds. What Happened: The Coinbase report indicates that spot Bitcoin ETF approval could...
-
SEC To Approve Multiple Spot Bitcoin ETFs In October? JPMorgan Analyst Bets 'Yes'
Thursday, September 7, 2023 - 12:48pm | 608JPMorgan Chase & Co (NYSE: JPM) anticipates that the U.S. Securities and Exchange Commission (SEC) may simultaneously greenlight multiple spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). This prediction comes in light of the SEC's recent interactions with Grayscale Investments, a...
-
SEC's Bitcoin ETF Denial Rejected By Court: Is This The Beginning Of The End For Regulatory Hurdles?
Wednesday, August 30, 2023 - 5:58pm | 674Following Grayscale Bitcoin Trust's (OTC: GBTC) landmark legal victory against the SEC, industry leaders have collectively expressed optimism about the future of spot Bitcoin (CRYPTO: BTC) ETFs, emphasizing the potential for bridging the gap between traditional finance and the crypto world....
-
Bitcoin Could Surge With SEC's Spot ETF Approvals; Matrixport Urges 'Upside Exposure'
Thursday, August 10, 2023 - 2:05pm | 452Crypto-services provider Matrixport on Thursday said that the U.S. Securities and Exchange Commission (SEC) might greenlight multiple spot bitcoin exchange-traded funds (ETFs) in the near future. This move could potentially boost the value of the leading cryptocurrency, Coindesk reported....
-
Spot Bitcoin ETFs Could Soon See SEC Approval, Suggests Bernstein Analysis
Monday, July 3, 2023 - 3:34pm | 595Brokerage firm Bernstein on Monday stated that the U.S. Securities and Exchange Commission (SEC) may find it challenging to maintain its current position on spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), suggesting that the chances of approval are relatively high. The...