In Brief Bitcoin ETFs see $1.2 billion outflows over three days, including a $680 million single-day record, net assets dropped from $121 billion to $105 billion. While Bitcoin struggled, Ethereum ETFs saw $130 million inflows, led by BlackRock’s holdings surpassing 1 million ETH. Investors cite profit-taking in Bitcoin, while Ethereum’s inflows hint at potential altcoin…
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In Brief Bitcoin spot ETFs in the US have surpassed gold ETFs in AUM, despite gold’s 20-year market lead. Major players like BlackRock and Fidelity drive demand, enhancing Bitcoin’s credibility and accessibility. Younger investors view Bitcoin as “digital gold,” reflecting a shift toward modern, decentralized store-of-value assets. Bitcoin has overtaken gold as the leading financial…
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In Brief US Bitcoin ETFs hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. BlackRock’s IBIT leads with 521,164 BTC, followed by Grayscale and Fidelity. Total ETF assets exceed $109 billion, fueled by $33 billion in net inflows. Spot Bitcoin ETFs in the US now hold more Bitcoin than the estimated 1.1 million BTC…
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In Brief Bitcoin ETFs now hold over 1 million BTC, representing nearly 5% of Bitcoin’s total supply. Grayscale and BlackRock are the leading Bitcoin ETF holders, with significant assets in BTC. U.S. Bitcoin ETFs dominate the market, holding 855,619 BTC, showing strong investor confidence. Bitcoin exchange-traded funds (ETFs) have reached a significant milestone. They now…
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In Brief Spot Ethereum ETFs face uncertain future in the US as SEC re-postpones decision. Asset manager Hightower discloses a significant investment in spot Bitcoin ETFs. Regulatory landscape remains a key factor in the trajectory of spot crypto ETFs. The United States Securities and Exchange Commission (SEC) has once again delayed its decision on highly-anticipated…
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Bitwise said it is in “serious due diligence discussions” with a variety of major financial and corporate entities interested in Bitcoin. Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts…
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Spot Bitcoin ETFs amass $10 billion in AUM in five weeks, marking a pivotal shift in crypto market dynamics. Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013, 2017 and 2021, Bitcoin price typically drops significantly until the next one. However, the…
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In short Shiba Inu fellow benefactor intends to move past images, zeroing in on true utilities with another association VanEck Chief predicts Bitcoin will hit another record-breaking high toward the finish of 2024, following conceivable ETF endorsement. Man-made intelligence fueled crypto projects like Autonolas and Get. Artificial intelligence gain exorbitant premium, with significant expansion in…
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