In the latest episode of The Indicator from Planet Money, the focus is on the rising trend of memecoins and their financial impact. The show delves into the story of a beloved internet squirrel that has gained traction in the cryptocurrency world, exploring how it became part of this unique financial landscape. The episode also ...
Bitcoin, with a Market cap of around $1.9 trillion, dominates the cryptocurrency space, accounting for over 50% of its total value. Cathie Wood, founder of Ark Investment Management, believes Bitcoin’s price could soar to $1.48 million by 2030, representing a 1,400% gain. She sees Bitcoin as a digital gold alternative and urges institutional investment through ...
JP Morgan’s recent eTrading survey revealed that only 29% of institutional traders plan to trade cryptocurrencies, a decrease from 22% last year. The survey, which involved over 4,200 traders, saw an increase in active traders to 13%, likely linked to the launch of U.S. Bitcoin ETFs and a significant rise in Bitcoin prices in 2024. ...
Bitcoin is currently facing challenges in staying above the $100,000 threshold, trading around $97,850 after a recent downturn. Despite this, there are signs of a potential recovery thanks to increasing institutional support and significant inflows into Bitcoin ETFs, which saw a remarkable $340 million influx recently. Notably, BlackRock led the charge with a $249 million ...
In January, US spot Bitcoin exchange-traded funds (ETFs) experienced impressive inflows of nearly $5 billion, putting them on track for over $50 billion this year, according to Bitwise’s investment chief Matt Hougan. The iShares Bitcoin Trust ETF from BlackRock led the way with $3.2 billion in net inflows, followed by Fidelity’s Wise Origin Bitcoin Fund, ...
Calamos Investments is launching an innovative suite of Bitcoin ETFs designed to provide downside protection and growth potential for investors. On January 22, 2025, the world’s first fully protected Bitcoin ETF, CBOJ, will debut, offering 100% downside protection. This will be followed by two new ETFs, CBXJ and CBTJ, launching on February 4, 2025, with ...
Bitcoin has seen impressive growth, rising 120% in 2024, making it a standout among major asset classes. This follows a remarkable 157% increase in 2023, outpacing the S&P 500 and Nasdaq. As we look ahead to 2025, Bitcoin continues to attract attention with substantial investments in ETFs and support from pro-Bitcoin politicians like Donald Trump. ...
Bitcoin’s price is currently at $93,500, having dropped over 5% this week. This decline is accompanied by significant outflows from Bitcoin US spot ETFs, totaling more than $568 million, indicating weakening demand. Data from CryptoQuant shows that reduced stablecoin inflows are exacerbating the downturn in buying interest. If the trend continues, Bitcoin could test the ...
Fidelity Digital Assets has shared an optimistic report about the future of cryptocurrency, predicting exciting developments for 2025. The report highlights three key trends: increasing adoption of Bitcoin by countries like Bhutan and El Salvador, the rise of tokenization, which could significantly boost the value of digital assets, and the introduction of more structured digital ...
Bitcoin and Ethereum exchange-traded funds (ETFs) are experiencing a notable rebound in investor interest, attracting $1.1 billion in inflows on January 6, 2025. This follows a challenging start to the year, where Bitcoin ETFs faced $320 million in outflows. In the first two trading days of January, these ETFs collectively brought in $1.75 billion. Bitcoin ...
