Bookmarking Crypto Insights
Auto Added by WPeMatico
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. … Read more
While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. Go to Source
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving. Go to Source
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event. Go to Source
While some crypto observers are concerned about IBIT’s inflow halt, others say it’s more normal than the 71-day inflow streak it has recorded. Go to Source
Animoca’s move into Bitcoin involves the Opal Protocol and BLIF token, initiated by Animoca and Darewise. Go to Source
Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024. Go to Source
Bitcoin ETFs hitting Hong Kong excite markets overnight, but overall BTC price conditions remain precarious, analysts say. Go to Source
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew. Go to Source
This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value. Go to Source