Recently, nine Bitcoin ETFs made significant cuts to their holdings, collectively reducing them by 8,107 BTC, valued at around $478.22 million. This reduction affected prominent entities like BlackRock, which decreased its holdings by 638 BTC (equivalent to about $37.62 million). […]
In a significant development, U.S.-based Bitcoin ETFs experienced a massive outflow of $563 million on Wednesday. It marked a record withdrawal despite Federal Reserve Chairman Jerome Powell’s assurance against a rate hike. According to data from Farside Investors and CoinGlass,
Record $563M Outflow from U.S. Bitcoin ETFs Despite Fed’s Powell Rejecting Rate Hike Read More »
Bitcoin inches closer to the $70,000 mark in an unusual weekend activity. Traders are eyeing a strong weekly close. BTC climbs to $69,694, raising hopes for further gains. Weekend rise pushes Bitcoin above $69,000, hitting highs of $69,781 on Bitstamp.
Atypical Weekend for Bitcoin: Nudging Towards the $70,000 Mark Read More »
With its iShares Bitcoin Trust (IBIT) ETF, BlackRock has become a significant player in the cryptocurrency space. This exchange-traded fund (ETF) has not only exceeded initial projections but also completely changed the context of bitcoin investing since its launch on
The value of cryptocurrencies is always changing, and the current spike in Bitcoin’s price has ignited the entire industry. On Wednesday, Bitcoin burst above the $60,000 barrier, which had a knock-on impact on other cryptocurrencies and resulted in significant gains
