
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
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The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
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BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.
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BlackRock’s Bitcoin ETF has faced its second-ever day of outflows as the price of Bitcoin dipped below $59,000.
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BlackRock’s Bitcoin ETF has witnessed over half a billion dollars of inflows on the same day a flurry of spot Ether ETFs got the nod to begin trading.
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BlackRock said the new ETF model offers “superior resistance” to market manipulation — something the SEC has long used as a reason to reject spot Bitcoin ETFs.
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While unlikely, Bloomberg’s ETF analysts conceded that there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications.
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BlackRock’s Bitcoin ETF listing staged a sudden reappearance on the DTCC’s website after disappearing for a few hours.
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Investment managers WisdomTree and Invesco have filed for spot Bitcoin ETFs, hot on the heels of BlackRock.
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