Crypto investment products have surged in 2024, with net inflows reaching an impressive $3.2 billion just last week, according to CoinShares. This has pushed the total year-to-date inflows to a record $44.5 billion, surpassing previous years by four times. A significant portion of this growth is driven by U.S. spot Bitcoin exchange-traded funds (ETFs), which ...
Recent activity in put options for BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, with more than 13,000 contracts for $30 out-of-the-money puts being traded. Despite this surge, experts suggest that this may not indicate a bearish outlook. Much of the trading volume reflects a strategy called “cash-secured put selling,” where traders aim to ...
The Grayscale Bitcoin Trust (GBTC) is facing significant outflows, losing over $21 billion since becoming a spot ETF in January 2024, making it the only U.S. Bitcoin ETF experiencing negative net inflows. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) has seen immense demand, capturing nearly $36 billion in inflows. Despite GBTC’s struggles, the overall Bitcoin ...
The Grayscale Bitcoin Trust (GBTC) has experienced over $21 billion in withdrawals since its launch in January, making it the only U.S. spot Bitcoin ETF with a negative net investment flow. Averaging nearly $90 million in daily losses for the past 11 months, GBTC’s total outflows reached $21.045 billion by mid-December. In contrast, nine other ...
Bitcoin has hit a new all-time high of $106,648, continuing its bullish momentum after a 3.32% rally last week. Meanwhile, Ethereum is flirting with the $4,000 resistance level; if it can close above this mark, it may surge further. On the other hand, Ripple is showing signs of caution as it trades around $2.40, having ...
Bitcoin is currently facing resistance near the $101,109 mark, leading to concerns of a potential decline. Ethereum, on the other hand, is approaching the $4,000 resistance level, and a strong close above this could lead to a rebound. Meanwhile, Ripple is finding support around $1.96, with a breach of this level indicating further declines. Bitcoin’s ...
The cryptocurrency Market has surged past $3.5 trillion, showing a 9.4% increase after a recent crash. In just 24 hours, nearly 105,000 traders faced liquidations, totaling about $298.5 million, with long positions leading the losses. President-elect Donald Trump hinted at the possibility of a Bitcoin reserve while making supportive statements for the crypto industry at ...
On Wednesday, Bitcoin is priced around $97,500, having dropped 4.47% since Monday. Ethereum closed below its key support level of $3,721, suggesting a continued decline, while Ripple is finding support around $1.96. If it falls below this level, further losses could follow. The overall crypto Market expressed mixed feelings after concerns emerged about Google’s new ...
Riot Platforms (NASDAQ: RIOT) saw its stock price drop by 14% on the first trading day of the week, largely due to a decline in Bitcoin (CRYPTO: BTC) prices and the announcement of a new $500 million capital-raising plan. This plan involves issuing convertible senior notes, which Riot intends to use for acquiring more Bitcoin ...
MicroStrategy, a leader in data analytics, has made headlines for transforming most of its cash reserves into Bitcoin. This bold move, initiated in 2020, has significantly benefitted investors, with a whopping $40,000 investment turning into $1.08 million in just five years. However, analysts caution that achieving such extraordinary returns again may not be realistic in ...
