Bitcoin is currently trading at a 40% discount to its intrinsic value, according to investment expert Charles Edwards. Recently, over 36,000 BTC were withdrawn from major exchanges like Coinbase and Binance, signaling strong institutional interest, possibly due to spot Bitcoin ETF inflows. Edwards believes Bitcoin’s price trajectory from late 2024 suggests that it could soar ...
Michael Saylor, CEO of Strategy, boldly predicts that BlackRock’s iShares Bitcoin Trust (IBIT) will become the largest ETF globally in the next decade. While currently ranked below established giants like Vanguard’s S&P 500 ETF, IBIT is gaining momentum with over 582,000 BTC valued at more than $54.2 billion. It’s already experiencing high trading volumes, signaling ...
Bitcoin (BTC) is currently valued at approximately $93,462 as of April 23, 2025. Analysts predict it could soar to $200,000 by the end of the year, backed by increasing institutional investments, favorable regulatory changes, and a weakening U.S. dollar. The launch of Bitcoin exchange-traded funds (ETFs) has made it easier for institutions to invest, boosting ...
Bitcoin is experiencing a steady price increase, currently trading at $87,361, edging closer to the $90,000 mark. Although there’s positive momentum, recent data shows record outflows from Bitcoin spot exchange-traded funds (ETFs), with over $4.8 billion withdrawn since their peak. This trend indicates a shift in institutional investment behavior, yet Bitcoin’s price remains stable, suggesting ...
The New York Stock Exchange (NYSE) Arca has approved a new investment product called Teucrium’s 2x Long Daily $XRP ETF. This exchange-traded fund allows investors to gain exposure to the daily price movements of XRP, a digital asset linked to Ripple, without actually owning it. The ETF aims to provide double the daily return of ...
Economist Peter Schiff has criticized BlackRock CEO Larry Fink for suggesting that Bitcoin could challenge the U.S. dollar as the world’s reserve currency. Schiff believes Fink’s comments are aimed at promoting BlackRock’s new Bitcoin exchange-traded fund (ETF). He argues that Bitcoin’s volatility makes it unsuitable as an alternative to the dollar, asserting that gold, with ...
Grayscale is taking steps to turn its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) by filing an S-3 form with the U.S. Securities and Exchange Commission. This move aims to transition GDLC, which holds leading cryptocurrencies like Bitcoin and Ethereum, from a private fund to a more accessible public investment. NYSE Arca ...
In his 2025 letter to shareholders, BlackRock CEO Larry Fink highlighted the potential of Bitcoin to challenge the U.S. dollar’s position as the global reserve currency. Fink warned that if the U.S. fails to manage its growing debt, digital assets like Bitcoin could emerge as serious competitors. He referred to Bitcoin multiple times, suggesting that ...
Spot Ethereum exchange-traded funds (ETFs) are facing significant outflows, with $370 million lost over the past 12 days—the longest decline yet. The iShares and Grayscale Ethereum Trusts saw the largest withdrawals, totaling $146 million and $106 million, respectively. This drop coincides with Ethereum’s price decline from $2,200 to around $1,950, as investor confidence wanes due ...
Recently, Bitcoin traded around $84,000, with a notable whale exiting a large short position. Positive performances from smaller cryptocurrencies like CAKE, TKX, and OKB contributed to Market optimism. The SUI token struggled to sustain a previous surge tied to institutional interest in potential ETF filings with the SEC. While some analysts speculate that the Bitcoin ...
