Bitcoin holdings of publicly listed firms increased to $20B in one year: Data
A survey showed that 26% of institutional investors and wealth managers support Bitcoin’s use case as a reserve asset. Go to Source
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BTC price at 11x S&P 500 signals Bitcoin is ‘rolling over’ — Analyst
Bitcoin may still be the “fastest horse” in the risk asset race, but its signals are anything but encouraging for bulls, says Bloomberg’s Mike McGlone. Go to Source
Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund
Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and other investors this year. Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund Hilbert Group AB, … Read more
Fed’s ‘sugar high’ may propel Bitcoin surge: Arthur Hayes
Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry trade unwinds. Go to Source
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust. Go to Source
Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq … Read more
Bitcoin Loses Footing as Price Slips Below $62K Threshold
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday, … Read more
Nasdaq aims to list Bitcoin Index options in US
The announcement follows withdrawals of older applications, signaling progress with regulators. Go to Source
Bitcoin’s Rough September Price History Raises Questions for 2024
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the … Read more
CME to launch bite-sized Bitcoin ‘Friday’ futures in bid for retail
Each futures contract is sized at one-50th of one Bitcoin. Go to Source