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From a nail-biting struggle below $65K, Bitcoin (BTC) has emerged victorious and now reigns above $70K. But has the coin truly bounced back from its recent lows? The catalyst that ignited the blazing surge of Bitcoin’s value can be traced back to the release of the Consumer Price Index report, which painted a promising picture … Read more
Breaking records in the world of cryptocurrency, Eric Balchunas, the esteemed Senior ETF Analyst at Bloomberg, revealed that Bitcoin ETFs have witnessed a staggering $1.3 billion influx in May alone. This impressive surge has not only erased the previous month’s negative inflows but has also added a whopping $12.3 billion to the total inflow since … Read more
Breaking records in the world of cryptocurrency, a whopping $11 billion has been invested in U.S. spot Bitcoin ETFs by 937 institutions as of March 31st. Unleashing a wealth of insight, Senior Analyst Vetle Lunde from K33 Research reveals a staggering revelation: a whopping $11.05 billion accounts for a jaw-dropping 18.7% of the entire funds … Read more
Wells Fargo, a leading American bank, has boldly ventured into the world of cryptocurrency by investing in Grayscale’s cutting-edge spot Bitcoin ETF. Banking giant Wells Fargo has made a bold move into the world of cryptocurrency by investing in a Bitcoin ETF from both Grayscale and ProShares. With 37 shares of ProShares Bitcoin Strategy ETF, … Read more
May 1st Sees Massive $563.77 Million Exodus from U.S. Bitcoin ETF Market Breaking records for the sixth consecutive day, the cryptocurrency market saw a significant decline in funds, according to SoSo Value. On May 1st, as the U.S. SEC approved spot Bitcoin ETFs, capital outflows reached an all-time high. Shockingly, 10 products were hit with … Read more
Bitcoin ETFs Take a Hit: Investors Pull Out $55 Million in a Single Day on April 12 Bitcoin ETFs ahead of halving Friday saw a major shakeup in the world of cryptocurrency, with a whopping $166 million withdrawn from Grayscale’s GBTC, according to data from SoSo Value. This trend of large outflows from GBTC in … Read more
Revitalized by US President Joe Biden’s optimistic outlook on the Federal Reserve’s potential rate cut shortly, Bitcoin (BTC) experienced a slight resurgence. Following the release of yesterday’s CPI report, which showed a surprising 3.5% inflation rate for March, President Biden made a bold statement. He declared that he expects a rate cut to happen before … Read more
Breaking records once again, Bitcoin ETFs experienced a remarkable surge of $203 million in net inflow on Friday, April 6th. This impressive streak has now stretched over four consecutive days, cementing the popularity of these exchange-traded funds. SoSoValue has just reported that Grayscale’s GBTC ETF experienced a significant drop in net assets, losing a whopping … Read more
Bitcoin ETF Sector Sees Record-Breaking $113 Million Inflows on April 3rd. The financial world is abuzz with excitement as capital inflows surge, pushing past the dreaded red zone. And the top contender leading this influx of funds? None other than Fidelity’s spot Bitcoin ETF, (FBTC), which recorded a whopping $116.6 million. Hot on its heels … Read more
Amidst a sluggish market, spot Bitcoin ETFs have emerged triumphant with a sudden surge as the crypto world rebounds. In a single day, March 26, they have amassed a whopping $418 million in inflows, signaling a promising comeback. The ETF market is riding the wave of Bitcoin’s epic comeback! In just one day, a whopping … Read more