Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Go to Source
ETF
Auto Added by WPeMatico
Bitcoin’s Momentum Builds: Market Conditions Ripe For A Breakout
Bitcoin’s daily transaction volumes have surged past $70.9 billion, signaling heightened market activity. The In/Out of the Money Around Price (IOMAP) indicator suggests that there is minimal resistance up to the $73,000 level, hinting at the potential for Bitcoin to rise further. Daily transaction volumes in $BTC have reached over $70.9 billion, pointing to increased … Read more
Ethereum ETF launch date depends on issuers, not SEC: Gensler
“It’s really up to them how responsive they are,” said SEC Chair Gary Gensler. Go to Source
Will Bitcoin fall below $70K after $2.2B options expiry?
The inflows from the United States spot Bitcoin ETFs could help Bitcoin absorb the selling pressure from Friday’s option expiry. Go to Source
Speculative Activity Resurges In Bitcoin Market
After months of stagnation and sideways price movement, Bitcoin is starting to show signs of speculative activity once again. This renewed interest comes on the heels of a false alarm concerning the distribution of Mt. Gox supply, providing a useful lens for analyzing market reactions using on-chain data. After months of apathy and sideways price … Read more
Bitcoin ETFs worldwide in focus as BTC price passes $71K
BTC price action reaches two-week highs as Bitcoin ETFs see a fresh surge of interest in the U.S. while other jurisdictions prepare to follow suit. Go to Source
Coinshares Reports 4th Consecutive Week of Inflows Into Digital Asset Funds
The investment landscape for digital assets continues to brighten, with a fourth consecutive week of inflows totaling $185 million, pushing the total for May to an impressive $2 billion. The latest Coinshares inflow report shows the influx has propelled year-to-date investments beyond the $15 billion threshold. Coinshares Tracks $2 Billion May Inflow Into Digital Assets … Read more
Australia’s First Spot Bitcoin ETF Launching Tomorrow
Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia’s first ETF to directly hold bitcoin. Previously, Australian investors were limited to indirect bitcoin ETFs or offshore options, which did not offer the same investor protections established … Read more
Be persistent with the SEC, says Franklin Templeton digital asset head
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator. Go to Source
Grayscale Allegedly Sells 5,812 ETH, Possibly For Ethereum Trust Management Fees
In a significant development, Grayscale has reportedly commissioned Flow Traders to sell 5,812 ETH, valued at approximately $21.75 million. This move is speculated to be for covering the management fees of the Ethereum Trust Fund. Grayscale imposes a 2.5% annual management fee on the Ethereum Trust (ETHE). With the current holdings standing at 2.97 million … Read more